Back in 2011 when I was in my late teens, struggling for cash and stupid I got a quick payday loan from mini credit for £200.
From what I can remember the repayment date was set up a couple of days early, it bounced and they then began adding charges daily and with every payment attempt... I contacted them to try and pay the original amount, I think they wanted nearly double at this point so I panicked as I couldn't afford it and buried it.
Years later, it is showing on my clearscore (equifax account) under Kapama Limited for £1033, under closed accounts last updated in 2016.
For some reason, they have a shortened, incorrect version of my name which I never give and an incorrect address which I lived at as a child/teenager before moving out in late teens. I never gave them this address, god knows how they have it.
I'm at a loss as what to do, 7 years later I have a full time job but with 2 children so adding another monthly bill would stretch things.
Should I contact and ask for settlement?
Ignore it and hope it drops off my credit file in a few years time?
Be really cheeky and dispute it as they have the wrong address and name?
I know the moral thing to do would be just ring up and pay it,
however I can't afford to dump a grand on it, especially as I borrowed it when I was a moron at 18/19 in an already bad financial situation.
Any advice welcome,