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Me and orange arranged a agreement to repay my bill, well they closed my account even though i had some contract left and asked me to pay up within 3 months.
I did that with no problems but i have trying to sort my credit file and according to checkmyfile orange have left a mark which is effecting my score.... this is what checkmyfile said to me in a email........
Your scores are still low because of the Arrangement to Pay on the Orange account. An arrangement to pay is generated if you contact the lender to request a reduced repayment amount compared to the agreed monthly amount. Unfortunately, many lenders will not warn you of the impact that this will have on your credit file. It is regarded as serious arrears and will have a severe adverse effect on your credit rating, and your subsequent chances of obtaining credit.
What kind of mark does this leave? is it just like a late payment mark?
Now what can i do to sort this? Is there a letter i can send orange or shouldnt i be worried?
7. Thinking of a Full & Final Settlement?Read Here
my views are my own...seek legal advice if ness
NEVER EVER - act on a private message asking you to visit another website, make contact 'off list' or by telephone
- alert the siteteam IMMEDIATELY by hitting the black warning triangle on any message - Particularly if this results in a request to pay a fee to help you.
rather than hittting to be my friend - hit the star
An Arrangement to pay is recorded on a person`s credit file because they`ve requested to pay a lesser amount that that which was contracted. Do you remember contacting orange concerning this? If not, I would recommend contacting them in the first instance to find out why it has been reported as such on your file. If it`s an error, they`ve got 28 days to redress it, but if it is correct and you requested an alternative payment agreement, this data will have to remain on your credit file for 6 years from the date of the account closure.
yep late payment.
should not harm it that much at all.
try creditexpert.co.uk
dx
Checkmyfile have just replied with this.......
An Arrangement to pay is recorded on a person`s credit file because they`ve requested to pay a lesser amount that that which was contracted. Do you remember contacting orange concerning this? If not, I would recommend contacting them in the first instance to find out why it has been reported as such on your file. If it`s an error, they`ve got 28 days to redress it, but if it is correct and you requested an alternative payment agreement, this data will have to remain on your credit file for 6 years from the date of the account closure.
7. Thinking of a Full & Final Settlement?Read Here
my views are my own...seek legal advice if ness
NEVER EVER - act on a private message asking you to visit another website, make contact 'off list' or by telephone
- alert the siteteam IMMEDIATELY by hitting the black warning triangle on any message - Particularly if this results in a request to pay a fee to help you.
rather than hittting to be my friend - hit the star
thats what i thought, on my experian report it shows up satisfactory and i have a higher score, it says settled on there. So i guess i shouldnt worry????
Experian and Equifax report Arrangements to Pay differently. It has a more detrimental effect to your Equifax score than your Experian score, because Equifax consider an arrangement to pay as akin to a late payment, but experian don't.
If shouldn't matter though because the account should be marked as settled with all three credit reference agencies (Equifax, Call Credit, Experian). If it shows as outstanding with any of the three, you should raise a Notice of Dispute direct with that CRA to have the data corrected
Help Please - Credit File Mark from Orange
arranged a agreement to repay my bill, well they closed my account even though i had some contract left and asked me to pay up within 3 months.
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Originally Posted by dx100uk
