Hi all,
Background..
I took out a loan approx 14 years ago from the bank i was with at the time (HSBC) and
payed all the payments until i lost my job a couple of years later.
I thought the PPI would cover my payments but it didnt so i defaulted on the loan.
This resulted in the bank also closing my account and eventually selling my debt onto Metropolitan Collection Services.
I was unable to open another bank account at the time due to bad credit etc..
. but at the time didnt matter as i had wages etc..
paid into my parents bank account.
Metropolitan chased me for a while and i eventually started paying a little each month via a payment card and have been to this day!
I eventually grew up,
opened a new bank account in 2009 after trying a number of banks,
Natwest finally accepted me.
I now have a family, credit card, bills etc..
and have run a free credit check through Noddle
and the old loan debt from 14ish years ago does NOT show on there!
Question is, do i have to still pay the amount each month via payment card
or can i get rid of the outstanding balance with this not showing on my credit check?
Thanks in advance, all info appreciated