I have been paying a debt of at £20 a month as that is all I can afford at the moment,I'm registered as disabled and unable to work,but they say this isnt enough, even though its been fine for five months,now they are saying that if I dont pay more they will take further action and also add interest,what can I do? I have said to them if I have any spare money i will pay extra,but they wont listen!
2006-12-14 10:07:36 · 16 answers · asked by shell.7. 2 in Business & Finance ➔ Credit
okay you need to visit some websites. citizens advice beaurau
will give you loads of advice - and show you how to do a personal financial statement, do this and send it to all your creditors it works out a pro rata amount that is realistic to your income and expenditure, you can try do it yourself failing this get on to soemone for some help they will do the same only the creditors will have to accept it! you may even end up paying less then the 20quid you are at the moment!! worked for me
2006-12-14 10:18:18 · answer #1 · answered by abbie b 2 · 0⤊ 0⤋
Keep making the payments. Do not be afraid of going to court because the court will assess your income and the debt company could end up getting less. If they have accepted £20 a month for the past 5 months, they are unlikely to get it increased
You don't say what the debt is for, but if it is for unsecured debt like credit cards, prioritise your owings and make sure essential payments are made like rent and council tax. Remind this company not to harass you, if they do, just hang up..
2006-12-15 04:20:47 · answer #2 · answered by charterman 6 · 0⤊ 0⤋
Local Citizen Advice bureau is the best option, as they will take over the case for you. You can also write to the Office of Fair Trading which issues the licence for these companies and make an official complaints to them about this specific debt collector.
They know if they lose the licence they can't operate.
2006-12-15 02:49:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you are have been making monthly payments for several months you should have gotten something in writing from them prior to starting to make those payments. If you received anything in writing from them agreeing to certain terms and you have kept your part of the agreement, they should not be able to do anything. There are companies who help people get their finances under control and pay off credit card debts. You may want to check to see whether there is a company in your area that could assist you. It might also be a good idea to consult with a lawyer. You need to check your rights.
2006-12-14 18:26:32 · answer #4 · answered by Flyby 6 · 0⤊ 0⤋
What type of debt is it? Some debts like student loans have provisions to forgive the debt if the person becomes totally disabled. If it isn't a debt like this, I would write them a cease and desist letter to stop their calls and continue making your payments timely. They probably won't do anything else.
2006-12-14 20:06:30 · answer #5 · answered by Scott C 2 · 0⤊ 0⤋
Go to this site:
http://www.citizensadvice.org.uk/macnn/index
Click on Get Advice, then Find Your Local CAB
Make an appointment to see someone at your nearest one.
The Citizens Advice Bureaux are really very good at helping people with debt problems.
Good luck - hope it works out ok :-)
2006-12-14 18:12:58 · answer #6 · answered by mcfifi 6 · 0⤊ 0⤋
I know most debt companies or collection agencies can be unreasonable but do the best you can and I guess see what happens. An extreme is file bankruptcy but only as a last resort.
2006-12-14 18:11:11 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Citizens Advice is the place to go. They will talk directly to the debt company on your behalf and arrange a mutually agreeable amount to regularly pay.
2006-12-14 18:22:30 · answer #8 · answered by half asleep 6 · 1⤊ 0⤋
hiya
very sorry to hear that ur facing difficulties
dont be intimidated by the debt collectors, its their perogative to be nasty.
you cant get blood from a stone, if u dont have it you dont have it.
if they try to take you to court then more fool them as it will cost them more money and time
dont let them in either
i hope this helps
2006-12-14 18:14:31 · answer #9 · answered by mjammy1978 3 · 0⤊ 0⤋
if you take a little time to write out an income and expenditure budget, making sure you include all your expenditure... food, cigarettes, travel, bills etc, they can only ever get a proportion of your disposable income, ie that which is left.
If you then send this to them along with a letter explaining your situation, they have to accept your reasonable offer.
2006-12-15 03:48:35 · answer #10 · answered by duncanjfield 2 · 0⤊ 0⤋