Halifax Credit Card Debt

Have you been informed that you have a credit card debt with Halifax?

Are you feeling concerned or stressed about what you should do next? You are in the right place.

Learn More About What Debt Solutions Are Available

Find Out More

This guide will cover everything you need to know to help you out of this difficult financial situation.

Keep reading to find out what debt solutions might help you improve your finances. 

Why is Halifax contacting me?

If you have been contacted by Halifax and have a current account, you will likely be in debt.

Credit card debt is typical with account holders for Halifax. Therefore, you should not feel alone.

As soon as Halifax has contacted you about your account and any payments you need to make, you should contact them to discuss the matter.

A credit card debt with Halifax can transform into a chase if you are not paying the company back.

Is the debt mine?

Are you unsure whether the credit card debt supposedly in your name is yours? Many people are in the same boat.

If you have only been aware of this debt, you should contact Halifax and request proof of debt.

If the company cannot provide you with any proof, or it is inaccurate- you do not have to pay a penny.

How long will I be chased for my debt?

If, unfortunately, the debt is officially yours, you are liable to pay this.

Awareness of the ‘limitation period’ in credit card debt is essential. The limitation period is six years after you last made a payment.

After six years of not paying, writing, or the creditor has not gone to court for the debt, the amount becomes statute-barred, and you are no longer liable for paying!

Mortgage debts

If your home has been repossessed and you still owe money for your mortgage, this mortgage debt would double the limitation period to 12 years.

After 12 years, then your mortgage debt will become statute-barred. However, this is a very rare occurrence.

Does Halifax help with debt?

Halifax will always attempt to help you out when recovering from debt as they will listen to your situation and work around what would be best for you.

Halifax can provide guidance support so you can budget and manage your money better than ever.

If you need help understanding your debt, they can provide the details you might need to know where you stand with payments.

How do I make a payment to my credit card?

To make a payment towards your credit card, setting up a direct debit can help you out.

Setting up a direct debit will automatically take payments when they are due- this will remove any stress you might have about potentially making late payments.

You can check out the Halifax website to review exactly how you can make your payment.

It can feel intimidating no matter your situation, but reaching out to the company and starting today will clear up your debts quicker than starting tomorrow!

What if I miss a credit card payment with Halifax?

If you miss a payment to Halifax, you could risk your credit score being affected.

Ruining your credit score could make it very difficult to get credit again. Therefore, we strongly advise you to make at least the minimum monthly payment.

When you miss a payment, you can expect additional fees placed on top of your already outstanding debt.

Another damaging point to missing your credit card payment is a lawsuit. Judges can take action that consists of removing your belongings.

This would, of course, make the financial issues you are already facing worse and could have a detrimental effect on your credit file and mental health.

Reaching out to a debt charity could benefit you. Keep reading to find the best debt help service available in the UK. 

Do You Want To Find Out More About Debt Solutions?

Find Out More

What if I can’t afford to pay my Halifax debt?

If you cannot afford to pay Halifax, you can reach out to Halifax on their online banking or app and press the ‘Need help with your debt or payments?’ section.

Having financial struggles and having an outstanding debt with Halifax is not something to be ashamed about, as it is incredibly common.

This can help you find repayment plans, extra support, and money management tips.

You can also fill out a form on the Halifax website that will disclose your situation to a supporter at Halifax; this way, they can offer your different strategies to get on top of your debt.

What are the benefits of paying my old debt?

Old debts can feel like chores, and many people put off paying them for this exact reason.

You should be aware that paying off your debt can have many advantages.

There are plenty of benefits you will experience once you pay off your old debt; these will consist of:

  • Lenders and creditors will be more willing to give you credit. A mortgage lender, especially, will state that it is essential for you to have sorted out any unpaid debts you have.
  • To negative influence on your credit score.
  • You will receive points for your payment history.
  • You feel a weight lifted off your shoulders as your debt decreases.
  • Positive financial health.
  • Your income will feel larger as you no longer need to make monthly payments or interest on this debt.

Should I let my credit card go to a collection?

You should not let your credit card debt go as far as a collection company chase.

As soon as you know about your debt is when you should repay at least the minimum payments and attempt to dispose of the balance.

Will my debt stay on my credit report after it goes to a collection?

After being paid off, your debt will remain on your credit score and report for around seven years.

After the seven years have passed, it should fall off. After your debt has fallen off, this will improve your likeliness for acceptance of a loan.

How can I contact Halifax?

Getting in touch with Halifax is essential to avoid unwanted fees and additional charges.

Here are the all-important contact details you should reach out to when organising your credit card debt:

Phone: 0345 944 4555

Address: PO Box 548, Leeds, LS1 1WU

Email: [email protected]

FAQ's

Will Halifax write off debt?

It can be possible to write off your debt with Halifax if you take out an IVA or Scottish Trust Deed.

This would also help to protect your assets from being reclaimed.

Will debt collectors give up?

The debt collector’s job is to collect your job, so they are incredibly likely to give up chasing you for payments.

The debt can become statute-barred when there has not been any contact from you or the creditor in the six years.

If the debt is statute-barred, the debt cannot be enforceable, and they will have to stop attempting to collect the money.

Can I dispute a debt sold to a collector?

You can rarely dispute the debt when it has been sold to a buyer, as the terms of the debt make it almost impossible.

On the other hand, you can attempt to dispute the amount of debt by requesting proof that the debt is yours.

Final thoughts

You should expect to be in debt if you are not repaying the money you have spent on your credit card.

You should have realised by this point in the article that you will not be in debt forever and can get out of it with the right support.

Contact a professional debt help charity for the best advice on managing your money and stay away from persistent debt.

Interested In Finding Out More About The Debt Solutions Available?

Find Out More

Credit Card Debt Help Information

Other Debt Solutions

Here are the best debt solutions for struggling with credit card debts.

Debt Help

Speak to the debt advisor to check what debt solutions you have to help you consolidate debts into a single affordable monthly repayment.

Quick Links

Personal Debts IVA Debt Help Debt Management Personal Guarantee Debts

Find your best debt solution