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Default Should I Start Paying
My Barclay card has now defaulted and the debt has been sold to PRA and they have passed onto moorcroft to collect payment, do I start paying moorcroft or ignore and wait them to return it to PRA?
Comments
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It depends on what your overall plan is.
Do you have other debts? Are you going to try to pay everyone back? Is paying anything the right debt solution for you???
You might benefit from reading about the various solutions here - Debt solutions - what is your best option?
But for us to advise you more fully it would be helpful to see your statement of accounts (see SOA in my signature) so we have the big picture.
I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
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If Moorcroft were acting for Barclaycard, then I would say ignore.
But, as the debt has been sold to PRA Group, and Moorcroft are acting for them, you do risk legal action if you ignore for any length of time, not from Moorcroft, but from PRA Group, so you can engage now if that is your plan.
I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
If your plan was to make payments, now is the time…
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The plan is to make payments (self managed DMP). I am waiting for a few more cards to default which hopefully will happen over the next couple of months but have payments worked out for each one which is affordable to me.
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You don't have to wait, you can start making payments whenever you want to. Make sure you pay by standing order so you are in complete control, collectors usually try and push debit card or direct debit payments because they make it more difficult for you to change the amount.
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