23 May 2015

A question about : DMP

I have been on a DMP for 2 years now and finally had the courage to see my credit report with Experian. All my credit card companies are shown as defaulted accounts but my accounts with Barclaycard are showing as continual late payments.

My rating is 'Very poor' and it appears that some of this is due to barclaycard not defaulting.

Is my reasoning correct and any advice on this?

Thanks

Best answers:

  • Your credit rating is very poor because you have defaults. Barclaycard not defaulting is fine - however they still have time to stick on one there though and then they stay and affect your file for 6 years after issued.
  • Barclaycard never defaulted me either they put continual late payment, it was my smallest debt by a long way and the DMP payment was less than Ј3 below the contractual payment though.
  • i should of had a default 10 years ago from barclaycard but NNNOOOOO on my credit report it states AP, which i think is worse
  • It's much worse and you need to complain about it. You credit rating is trashed for 6 years from the date of the last default. If they keep putting AP or late markers on there, it will be trashed for 6 years from the date you finally pay it off. Perhaps you are paying them too much? BARC are notorious for this nonsense.
  • All my other debts have been defaulted I only had 4 but two are big nrs. Hfx had been charging interest for first 18 months which meant was only paying 23 quid off debt. They finally stopped and the month they did BC re-introduced Interest. Not as much but still its 65 pounds a month that could be going to my debt. Its on AP too. They dont seem willing to do anything about it sadly its my biggest debt.
  • We're the same, all have defaulted except for BC who place AP markers on our file. I've thought about complaining but as we are close to minimum payment I'm afraid that they will start re-applying interest.
  • Go to Ј1 a month. They won't apply interest then and will default you. Don't be scared of them. It's a game.
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