Collections

[DervVW]

Ive been stupid in the past
Hands up!
I fell behind on a credit card, it want to an agency and ive been paying an agreed amount off every month per their agreement.

But suddenly they wont let me logon to pay, I call and struggle to get anything useful (not used to be people rining up to pay?)
Anyway they say the orignal company (credit card company) have taken back the debt...

What is going on? Who do I speak to?

This debt has been with scotcall then fidelity for like 5 years.. why take it back now? I dont even know the orignal account number with the credit card company.
Anyone have any suggestions? Other than you are a dumb S**T?

[PurpleMoonlight]

The creditor used a debt collection agency to collect on their behalf. They are now appointing an alternative, intending on collecting themselves or have sold the debt on to a third party who will collect themselves or appoint someone to do so.

Just sit tight. Someone will contact you soon enough to arrange payment.

[davepoth]

Keep putting the money you should be paying to one side, just in case.

[DervVW]

Thanks guys... just a wait and see!

[Ozzie Osmond]

DervVW said:

This debt has been with scotcall then fidelity for like 5 years..

Wow. Are you in a position to pay off the remainder in a lump and be done with it? Or is this one of those 50p a week for 100 years things which are simply too good to miss?

[DervVW]

Well they froze the intrest - and I dont have the means to pay it off in one lump, and obvioulsy with it on my credit file I can't take a loan to pay it off... so its just drip, drip, drip. Or was.

[PurpleMoonlight]

The default will drop off your credit record after 6 years.

[DervVW]

Even if I was paying it?

[PurpleMoonlight]

Yes.

The creditor should record the debt as a default after three months contractual repayments have been missed. Six years after they do it will automatically disappear from your credit record.

Get a copy of your statutory report from Experian or Equifax to see what's recorded, it costs £2. You could also try Noddle which is free but not as comprehensive as the big two.

[DervVW]

I have just used clearview I was thinking the same thing. It shows as closed with the balance, so perhaps you are right. But I might have to revisit the others for a more comprehensive view.
Thanks for your help.