I updated my new address on my credit file a few weeks back. A week or so later i receive a letter from Cabot chasing an old Egg CC that ive not heard from, and not paid since mid 2009. Does the credit file update that fast?

I forgot to reply and they sent another letter a week later. Ive fired off the SB letter as i'm virtually 100% sure no money was ever paid to it again.

I stopped paying it as Payplan said that i should stop paying it whilst i was with them as "you can't pay one credit card and not others". Surely thats not true?

Payplan wanted £80 a month minimum and theres no way i could of afforded that.

Just keeping you informed to what they come back with

 

I stopped paying it as Payplan said that i should stop paying it whilst i was with them as "you can't pay one credit card and not others". Surely thats not true?

Payplan wanted £80 a month minimum and theres no way i could of afforded that.

 

So you had several debts but were only intending to pay the one credit card, is that correct ?

If so, then I would say PP probably gave you the right advice. Debt mangement is all about sharing any disposable income between ALL of your unsecured creditors. I am quite surprised they didnt advise you to offer £1.00 token payments that would keep the debts live and remove any chance of SB, that is what they usually do.

When exactly did you cease payments to the debt and was the account officially defaulted and when ?

So you had several debts but were only intending to pay the one credit card, is that correct ?

 

If so, then I would say PP probably gave you the right advice. Debt mangement is all about sharing any disposable income between ALL of your unsecured creditors. I am quite surprised they didnt advise you to offer £1.00 token payments that would keep the debts live and remove any chance of SB, that is what they usually do.

 

When exactly did you cease payments to the debt and was the account officially defaulted and when ?

Yes that is correct, but that long ago i had no idea of anything like that. Prior to that i was with a debt management company that was charging me 25%, once again i had no idea whatsoever.

I ceased payments around April 09 and it was defaulted in September 09.

Yes that is correct, but that long ago i had no idea of anything like that. Prior to that i was with a debt management company that was charging me 25%, once again i had no idea whatsoever.

I ceased payments around April 09 and it was defaulted in September 09.

In which case it would have become statute barred in September of 2015.

See what they come back with in response to your SB letter. Please let us know if they do.

I too have today received a 'nice' letter entitled "Lets work together" requesting I contact them regarding my Marlin Capital, formally Barclaycard, formally Egg credit card balance.

This was defaulted in march 2009 and is statute barred and has been for over a year. They really are desperate to attempt to collect such old debts. Needless to say I will be sending them a SB letter.