I had a loan to this certain financing firm but was out of the country for almost 9 months now. Now that I am back, I was thinking of showing-up but I am scared of the consequences since they have sent me loads of demand letters & solicitor letters.
Any advice? NO silly replies please. Thanks!
2006-12-07 04:27:10 · 18 answers · asked by happyheart 1 in Family & Relationships ➔ Singles & Dating
They would probably be very happy to see you. And although there will be consequences by appearing it shows that you are serious about repaying what is their's and so they may take it a bit easy on you. Besides that you'll sleep better at night knowing that you made the right choice and doing what is right.
2006-12-07 04:30:10 · answer #1 · answered by crazylegs 7 · 0⤊ 0⤋
You will need to face your debt at some point. Nobody at the financing firm is going to go mental at you for not making the payments, they're all just employees who don't care. You're nothing but a number to them. You should definitely go there asap though, the longer you wait the more trouble you're getting yourself in.
I know debt can be embarrassing, but the people at the financing firm have cases like you in every day, they'll deal with it professionally.
Good Luck! Hope you'll get it sorted out!
2006-12-07 04:32:16 · answer #2 · answered by Seitanist 1 · 0⤊ 0⤋
I work in Finance, the collections dept to be exact.
yes, by all means go to them, in person if possible. Don't talk to just any clerk, ask for a manager. Sit down with them and explain you situation.
If you can, take money with you, pay them as much as you can right there on the spot. Make arrangements to pay off the debt.
If they have not already started Legal or other actions against you, you're lucky. If they have, just go through the motions ( court ) or whatever and handle the business.
Once you've met with them and worked something out, write to all 3 credit reporting agencies, Trans Union, Equifax and Experian. For a few dollars, you can add a consumer statement to your report and explain your situation.
good luck.
2006-12-07 04:32:28 · answer #3 · answered by jairman2004 2 · 0⤊ 0⤋
Well you should really have contacted them before now and explained but showing up now will be OK. Just don't expect them to be sympathetic after all it was your responsibility to pay and make those arrangements if you were out of the country.
It'll do you good to clear it up both from a moral point of view and a future credit rating point too. Good Luck!
2006-12-07 04:33:47 · answer #4 · answered by Pagan Man 3 · 0⤊ 0⤋
Where the finance companies get pissed off is when you never contact them. It is not against the law for you to be broke or unable to make a full payment. Contact them and tell them the circumstances....But don't let them threaten you and suggest you pay them what you are able....be business like and polite always, but don't let them push you around.
Their goal is to recover there investment. You can suggest they suspend their high interest charges and you will make every effort to pay the principal. They are amazingly flexible. But stand your ground..
Brock in Canada.
2006-12-07 04:33:48 · answer #5 · answered by cbmaclean 4 · 0⤊ 0⤋
Just talk to them. When you owe companies money, they still want it even if its late.
I don't think they are gonna send hit men after you, so explain your situation, tell them this is what you can pay. They can take it or leave it. If a company refuses payment, get it in writing, send it to your credit bureau and the debt can be written off.
2006-12-07 04:34:23 · answer #6 · answered by BionicNahlege 5 · 0⤊ 0⤋
they are only interested in getting the money back get in touch and try to come to a agreement with them the longer you leave it the more it will end up costing you! they should be okay with you as long as you offer to pay it back! don't worry they can only have what you can afford to pay you have to be left with enough money to live on, if you don't want to deal directly with the finance company get in touch with there solicitors and offer payment through them
2006-12-07 04:41:07 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Show up and get this took care of. If you make new payment arrangements and follow through you can ask them to change the information on you credit record.
2006-12-07 04:35:02 · answer #8 · answered by AMC615 2 · 0⤊ 0⤋
you're extra valuable of contacting the inner most loan agent then ignoring it. This has already damaged your credit and the purely thanks to get it again heading in the right direction is to pay off the debt. flow to the inner most loan place of work, the worst which will ensue is that you men will come to a value contract and get issues worked out.
2016-10-16 12:13:03 · answer #9 · answered by pataki 4 · 0⤊ 0⤋
I used to work in collections, and it is definately ok. After so long, it is probably being charged off of their records. That means that while it will still show as a slow pay on your credit, it will go to them as pure profit now. They will be happy to see you!!
2006-12-07 04:30:19 · answer #10 · answered by ♥ Butterfly ♥ 4 · 1⤊ 0⤋