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Hi,
I am hoping you can help me, as I am a bit confused. I have seen on my credit account that my Moneybarn is open, but it was defaulted in 2021 and showing default each month. Yet when this happened before default accounts status was closed?
I had a car from them and wish I never went down that route. I was very naive and fell for the sales pitch. I had the car pre-covid and then covid hit, my husband was furloughed. Bills were getting on top me etc. I voluntarily terminated and they gave me a bill of a whopping £14k.
to be honest I was struggling with the car before then, but I didn’t actually think it would be that hard financially when I took it out. Now I am not sure as I cannot remember if we actually went down an affordability route, think they asked. Questions, but I do not believe they wanted bank statements as proof of affordability.
Anyway, my main concern is fixing my credit file so I can get a mortgage and I have been fixing this by paying back creditors etc, this one has been a pain. I noticed today it still remains open yet it has been defaulted. Surely this should be closed? I am concerned all the time they keep it open it will continue to show default and it won’t clear off my credit file after 6 years, as it is still open and they could keep logging defaults. I am worried about contacting them, I have been advised not to, it could end up statued barred, as I feel the 14k is an absolute joke and this company should be bough for justice to its overpriced interest charges, when I had the account I did ask them to reduce the interest as I was struggling to pay and felt they did not complete an affordability check, but they refused. Fair enough I signed the paperwork, but my anxiety and depression was not good at the time and clearly did not make a good choice.
sorry for the long post, please advise me on what I can do about this default I don’t want it to be continuing forever, because they have not closed it and kept the status open?
I am hoping you can help me, as I am a bit confused. I have seen on my credit account that my Moneybarn is open, but it was defaulted in 2021 and showing default each month. Yet when this happened before default accounts status was closed?
I had a car from them and wish I never went down that route. I was very naive and fell for the sales pitch. I had the car pre-covid and then covid hit, my husband was furloughed. Bills were getting on top me etc. I voluntarily terminated and they gave me a bill of a whopping £14k.
to be honest I was struggling with the car before then, but I didn’t actually think it would be that hard financially when I took it out. Now I am not sure as I cannot remember if we actually went down an affordability route, think they asked. Questions, but I do not believe they wanted bank statements as proof of affordability.
Anyway, my main concern is fixing my credit file so I can get a mortgage and I have been fixing this by paying back creditors etc, this one has been a pain. I noticed today it still remains open yet it has been defaulted. Surely this should be closed? I am concerned all the time they keep it open it will continue to show default and it won’t clear off my credit file after 6 years, as it is still open and they could keep logging defaults. I am worried about contacting them, I have been advised not to, it could end up statued barred, as I feel the 14k is an absolute joke and this company should be bough for justice to its overpriced interest charges, when I had the account I did ask them to reduce the interest as I was struggling to pay and felt they did not complete an affordability check, but they refused. Fair enough I signed the paperwork, but my anxiety and depression was not good at the time and clearly did not make a good choice.
sorry for the long post, please advise me on what I can do about this default I don’t want it to be continuing forever, because they have not closed it and kept the status open?
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