What to do…

archer2016

I won an affordable lending claim with BC, they refunded about 6.5k interest but never wrote to me and told me what based on etc, also since then they’ve added interest back on - seems a bit odd to refund and then start charging again? Should I write to them?

also the Zopa loan that I didn’t win the affordable lending claim on I noticed on transunion the amount is going up by the value of the missed loan payment every month? However on their app it isn’t. They say they don’t charge interest so this should not be rising at transunion, again should I write to them? 

sourcrates

No, things like that do not matter, all you want is the debt defaulting, nothing more, making complaints about other topics just complicates matters and slows down the default process.

It doesn't matter what they add now in interest or charges, or what your credit file says, you never repay the full amount in debt management, as settlement deals will always be open to you at some point.

archer2016

Thank you!

archer2016

Right I have the default from m and s now, so presume I can now write to moorecraft and tell them I have set up a standing order for xyz? 

sourcrates

archer2016 said:

Right I have the default from m and s now, so presume I can now write to moorecraft and tell them I have set up a standing order for xyz? 

Does the default show on your credit report?

No need to write to anyone, Moorcroft are not important, just set it up and make certain you add the reference number they gave you.

Job done.

archer2016

Perfect thank you, yeah I’ve just checked report and it’s on there. 

archer2016

For Barclaycard they’ve sent me the default letter now, although it’s not shown on trans union yet.

the letter does confirm the default, says they are closing the account, demands full payment etc and offers a number or online link to pay. 

Is this safe or do I still need to wait for the default? 

2021rdsunshine

archer2016 said:

For Barclaycard they’ve sent me the default letter now, although it’s not shown on trans union yet.

the letter does confirm the default, says they are closing the account, demands full payment etc and offers a number or online link to pay. 

Is this safe or do I still need to wait for the default? 

I would definitely wait for the default to appear on your credit file. Also the bank might pass the debt to a debt collector or they can sell it. You will be contacted by whoever is managing the debt or by the new owner. Only then you start paying if you wish. 

tigergambit

archer2016 said:

For Barclaycard they’ve sent me the default letter now, although it’s not shown on trans union yet.

the letter does confirm the default, says they are closing the account, demands full payment etc and offers a number or online link to pay. 

Is this safe or do I still need to wait for the default? 

I believe most Barclaycard defaults get sold to PRA SO you should wait for that to happen.

archer2016

Thank you, I’ll wait i wondered what significance the letter demanding full balance was as I remembered this being asked on a similar question further up the thread.