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  • Understand credit report

    Numpty trying to understand my credit report, so some years ago I had a massive credit limit with Barclaycard, seemed like they just upped it every few months, like an idiot kept using it. Eventually due to other issues, had mental health issues and eventually lost my then job, eventually defaulted to the point ended up in County Court and issued a CCJ in feb 2016 (debt had been purchased by h2 portfolio by time went to court)

    Payment plan was set up of 150 / month from march 2016 and not missed a payment. My credit report when go into the account info tho shows my Barclaycard, (well h2) still in defaulting every month with same outstanding balance as they took me to court for.

    Every month still shows a df.

    Am I missing something as balance shud at least be 3 and half years of 150 / month less?

    Sorry if sounds silly, thanks

  • #2
    the Default remains on your credit file for 6 years, ( 5 in Scotland) after that it will drop off your file even if you have not cleared the outstanding balance.
    you say you have a CCJ for this account, is that also on your credit file, as that will also remain on there for 6 years.
    It could be that as there is a CCJ they are not updating the account balance as the CCJ takes preferance and should drop off in 3 years
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    • #3
      Originally posted by Joshw View Post
      some years ago I had a massive credit limit with Barclaycard, seemed like they just upped it every few months, like an idiot kept using it. Eventually due to other issues, had mental health issues and eventually lost my then job, eventually defaulted to the point ended up in County Court and issued a CCJ in feb 2016 (debt had been purchased by h2 portfolio by time went to court)

      Payment plan was set up of 150 / month from march 2016 and not missed a payment. My credit report when go into the account info tho shows my Barclaycard, (well h2) still in defaulting every month with same outstanding balance as they took me to court for.

      When you say the debt "ended up in the county court" do you mean you attended a Hearing/Trial having defended/contested the claim?

      Or was this a Default Judgment because you didn't file the Acknowledgment of Claim or Defence by the court deadline etc?

      Or did you file an Admission in response to the claim?

      Or didn't you receive the claim form etc?

      Was the 150 per month payment plan a voluntary agreement between you and Hoist (possibly Howard Cohen Solicitors or Robinson Way) perhaps wrapped up in a Tomlin Order?

      Or was this 150 per month an Instalment Order from the court (CCJ)?

      Did you receive a Notice of Assignment when Barclaycard assigned the debt to Hoist?

      Sorry for all the questions but establishing how/if you owe Hoist Portfolio any money is the first step to making any suggestions as to your next step.

      Di
      Legal Disclaimer

      I am a Litigation Executive at
      Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at di@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. Our initial advice is always free.

      Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

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