@barclaycard payment arrangement

[knoxvillain]

Back in 2006 I had some financial problems and entered into a payment arrangement with a number of creditors. Things have since improved and on all of them I am back to normal T&C (ie getting charged interest and paying the normal amounts). Except for Barclaycard. They are still taking reduced amounts despite me requesting otherwise and there continues to be "arrangement" on my credit file for this account.

 

At the moment I am not credit worthy due to a default from HBOS (relating back to 2006) however this is due to come off in Sept. My concern is this "arrangement" marker may continue to ruin my credit rating after the default is removed. I am working as hard as I can to make sure everything is as clean and well managed in my credit record from Sept.

 

Can anyone advise if this "arrangement" will ruin my credit rating? I have asked them twice to go back to normal T&Cs and they can charge me interest etc. on the phone they say they'll arrange it and then it never seems to happen

 

Thanks

[BRIGADIER2JCS]

All defaults (entries) are removed after 6 years paid

or not so nothing will then show.

Both debts are at the same stage if Barclays

defaulted in 2006.

It's up to you how much you pay BC set up a standing

order for the amount you want to pay them.

[knoxvillain]

hi there,

 

Thanks for replying. The Barclaycard account does not have a default marker. It just says "arrangement".

 

knox

[BRIGADIER2JCS]

The entry will be removed after 6 years.

[knoxvillain]

The account is not settled so I don't see how that could happen? or was the agreement terminated when I entered the arrangement and thats why it'll remove after 6 years?

[BRIGADIER2JCS]

I would thin it may well have been, they

can at any time though default the account

as any arrangement to pay authorised or not

is a default of the original ts & cs.

Needs watching or they can quietly default

and you then have another 6 year, imo the

default is often better.

[slick132]

Hi KnoxV,

 

Have you reclaimed all default charges and PPI on this (and any other) credit card a/c.

 

BC will repay not only the charges but compound interest in restitution. This can make a huge difference to the amount you can reclaim, particularly if there are older charges on the a/c.

 

Do you have all your a/c statements going back to when you opened the a/c.

 

[knoxvillain]

hi slick,

I don't think I had PPI on this. I have claimed PPI back from IF successfully tho. As you can see from my signature I've had some success around bank charges too My credit worthiness once my default is moved is the most important thing to me now.

[slick132]

Hi KnoxV,

 

The reason I ask about charges or PPI is that you could also challenge the validity of the DN if it included default charges which are not enforceable in law.

 

This would be easier to do if you make a court claim to have the charges repaid. You can include the DN issue on your claim.

 

You haven't said if you have all the statements or if there are any default charges on the a/c.