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Hi, I wonder if I can get some impartial advice regarding a situation I find myself in.
Ive been on a DMP for the last 6 years, most of my creditors defaulted within the first 6 months (a result!).
BarclayCard didnt, and have always continued to charge interest on the account, but have always accepted the reduced payments proposed by my Debt Management, Management Company.
Last year I was contacted and a reduced settlement was offered to wipe out the remaining debt. I wrote letters of confirmation and acceptance, and they accepted in writing and closed the account.
Checking my Experian credit report, I find BC have registered a delinquency of 6 missed payments against the account (only slightly less damaging than an outright default), but the do report the account as "Partially Settled". This is the only entry on my credit score that is against me, and has hit my score pretty hard.
Now, my questions are ..
1. Is this right ? having never missed a payment to them in the last 7 years, and them still charged interest on the account, it doesnt strike me as "fair"
2, If I were to write to them and ask them to re-open the account, and I repay the outstanding amount pre-settlement would this be something they would consider & if they did, would they remove the delinquency / amend the report to the Credit Reference Agency's ?
Any advice / opinions greatly received as this is having an adverse effect on a potential mortgage application
Ive been on a DMP for the last 6 years, most of my creditors defaulted within the first 6 months (a result!).
BarclayCard didnt, and have always continued to charge interest on the account, but have always accepted the reduced payments proposed by my Debt Management, Management Company.
Last year I was contacted and a reduced settlement was offered to wipe out the remaining debt. I wrote letters of confirmation and acceptance, and they accepted in writing and closed the account.
Checking my Experian credit report, I find BC have registered a delinquency of 6 missed payments against the account (only slightly less damaging than an outright default), but the do report the account as "Partially Settled". This is the only entry on my credit score that is against me, and has hit my score pretty hard.
Now, my questions are ..
1. Is this right ? having never missed a payment to them in the last 7 years, and them still charged interest on the account, it doesnt strike me as "fair"
2, If I were to write to them and ask them to re-open the account, and I repay the outstanding amount pre-settlement would this be something they would consider & if they did, would they remove the delinquency / amend the report to the Credit Reference Agency's ?
Any advice / opinions greatly received as this is having an adverse effect on a potential mortgage application
