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I have a Littlewoods account, 2 years ago I had a couple of late payment markers, all been tip top for the last two years, the problem I have now is, in a couple of years I do intend to apply for a mortgage, all CCJs will have long gone etc, only thing that will still show are the 2 times I was 2 months late with my littlewoods account.
I no longer need the Littlewoods account and I am paying the minimum payments each month (should be clear in January next year) I am not breaking a sweat paying this and I could just pay it all off and close the account.
My dilemma is this:
A) I pay it off and close the account
B) I continue to pay minimum and slowly close the account
Option A was my gut instinct, until I read somewhere that if I closed the account tomorrow, then those late payment markers would remain for six years post closing the account?
Option B would be to continue to keep the account open for another 4 years and then close the account once the late payment markers are 6 years old and fall off naturally,
Will littlewoods keep an inactive account open that long? and am I just best ticking along until option B happens?
I no longer need the Littlewoods account and I am paying the minimum payments each month (should be clear in January next year) I am not breaking a sweat paying this and I could just pay it all off and close the account.
My dilemma is this:
A) I pay it off and close the account
B) I continue to pay minimum and slowly close the account
Option A was my gut instinct, until I read somewhere that if I closed the account tomorrow, then those late payment markers would remain for six years post closing the account?
Option B would be to continue to keep the account open for another 4 years and then close the account once the late payment markers are 6 years old and fall off naturally,
Will littlewoods keep an inactive account open that long? and am I just best ticking along until option B happens?
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