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New member.
Bit of background, I have lived in the USA for 9 years but will be heading back to Blighty for good in the latter half of 2019.
Long story short, I kept some accounts open in the UK but ran into some financial issues due to parental health issues, emergency flights home and allowed £ 2,246 on a Tesco CC to default, the default date per Equifax was 23/03/2015.
That was idiotic and frankly I'm embarrassed, but here we are.
I called Tesco financial back in June of 2018 as I came into a little bit of money. They weren't much help but i went through a budget sheet of sorts and made an offer of 1000 GBP over the phone, it was submitted to someone and never heard back. I called again last month went through the same rigmarole and never heard anything back. Somewhat bizarre as I want to give them money!
Third time is a charm but before I do so, can anyone provide practical advice when it comes to accounts such as this.
Does it matter for my credit report if I pay it in full / partial or not at all?
If I pay does it restart the 6 year timer for defaulted accounts?
What is the industry standard when it comes to settling for less than the balance owed.
Bit of background, I have lived in the USA for 9 years but will be heading back to Blighty for good in the latter half of 2019.
Long story short, I kept some accounts open in the UK but ran into some financial issues due to parental health issues, emergency flights home and allowed £ 2,246 on a Tesco CC to default, the default date per Equifax was 23/03/2015.
That was idiotic and frankly I'm embarrassed, but here we are.
I called Tesco financial back in June of 2018 as I came into a little bit of money. They weren't much help but i went through a budget sheet of sorts and made an offer of 1000 GBP over the phone, it was submitted to someone and never heard back. I called again last month went through the same rigmarole and never heard anything back. Somewhat bizarre as I want to give them money!
Third time is a charm but before I do so, can anyone provide practical advice when it comes to accounts such as this.
Does it matter for my credit report if I pay it in full / partial or not at all?
If I pay does it restart the 6 year timer for defaulted accounts?
What is the industry standard when it comes to settling for less than the balance owed.
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