debt help!

nov1970 · 20 May 2008 at 1:32AM

Hi, can anyone help me a year ago i lost my job and was unable to repay a bank loan with hsbc i stupidly thought this debt would dissapear and ignored all letters! When the letters got really nasty i told myself this could not be ignored and phoned up the company who had bought the debt from the bank ,we came to an agreement to repay the debt by monthly direct debit, as far as i was concerned this amount was being paid everymonth until i recieved a ccj this morning! I phoned the company who had taken me to court to be told they now owned the debt and as no payments had been made since febuary this was there action! When i explained about my agreement with the previous company the man told me that was between me and them, but they now owned the debt and i had made no agreement with them when i explained i thought this debt was being paid off he got really nasty saying that was not his problem and unless i could pay all the £3500 off in one go the ccj would go ahead! i explained i was a fulltime student with 2 children and a single parent with no income, he told me "well borrow the money off someone"!! i dont know what to do i cant afford to pay this amount and cant afford a ccj against me pleaseeeeeeeeeee any advice im at my wits end as just or as i thought got all my finances sorted!

lisa78 · 20 May 2008 at 8:36AM

Give the CCCS a ring and ask them for advice - they dont' charge for advice given and may be able to negotiate with the company on your behalf.

melancholly · 20 May 2008 at 9:29AM

perhaps the debt free wanabee board might be able to give you some more specific advice..... there are lots of people there who have been through situations like that and will be able to help.

bestpud · 20 May 2008 at 11:09AM

The CAB will help too.

Just try not to feel intimidated. You can arrange to correspond by letter only, which is much better imo and there are laws against them harrassing you too. Don't panic and borrow money either! These people play on fears but they have no right to be nasty with you!

You will be able to sort it if you ask the right people to help and deal with it promptly.

Good luck!

nov1970 · 20 May 2008 at 7:27PM

Thanks for your comments all, contacted the company again today to see if there was any light at the end of the tunnel but got no furthur! They said if i had not ignored all correspondents this action would of not taken place, when i explained i had recieved nothing from them they practically called me a liar! Only solution they gave me was if i paid the sum of £2500!!!!!!!!!!!!!!!! in the next couple of weeks/ or pay them £400 a month they would withdraw the claim of a ccj, i tried to explain i could not do either of these as only recieve just over £400 a month in tax credits/family allowance but they would not help me at all! Contacted my local cab but cant get appointment till the end of next week so time is running out for me as only have 2 wks to stop this ccj killing me for the next 6 years!!!

lisa78 · 21 May 2008 at 12:19PM

Give the CCCS a ring now you'll get advice quicker than waiting for an appointment with CAB

Wiggynut · 21 May 2008 at 12:55PM

They can't force you to pay more than you are able to pay - if they went to court they could only receive £10 per month if the court decides!

I once missed a payment with Capitol one and I rang them to say it was going to be 2 days late... a month later I got a nasty call from some girl who took 18 minutes to tell me that it was a debt agency!
She shouted at me... wouldn't let me speak and threatened all sorts... very scary - especially as I only owed £400 and I wasn't even over the credit limit on the card!?!??!!? I ended up paying £15 per month - paid some extra some months but at least they freeze the interest!!! which was nice :-)

They are just trying to scare you... and they dont' have that right or the right to demand £400 per month!! they have to allow for your other bills and rent/roof over your head is a priority...

got to CAB asap... they can always fax a letter to them to save on the time it would take to post a letter.

You can still write a letter to this agency and tell them what you are prepared to pay... have they received your previous payments that were going to the other debt agency???

check that those have come off your total debt - where has the payments since February gone? do you have those listed on your bank statement? get photocopies and send that in the letter to the agency so they have proof that you paid... also ask them why would you send payment to someone else if you had been notified about the change of agency the debt had gone to!??
They can't do you if you have been paying... only if you actually stopped and you have proof that you havn't!

As long as you are paying them something they can't do anything!
be confident.. those agency work by assuming that everyone is dodgy and they like to scare honest types!!!

good luck

debt help!

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