Solicitor letter demanding payment

weebubbles

Hi, my husband has just been sent a letter from a solictors demanding a payment of £1650 (as the previous company he worked for overpaid him and them we spent the money, stupid I know but we were broke, We were paying this back at £10 a month but I forgot last month hence the solictor letter)

We have been given 7 days to pay this and have to send a cheque to this solictors. Would they accept a credit card cheque as then I would only pay 5.49% interest (special offer from sainsburys bank). I dont have any other way of paying this money apart from using a credit card cheque (5.49%) or using a credit card which they probably wont accept and if they did it would be 17.9%.

Please help as I am really worried and due to go on holiday in a week

OliveOyl_2

If you speaqk to them directly they may let you reinstate the £10 a month payment. You would have to pay up to date obviously, they may insist to increase the amount they want you to pay.

From their point of view, you have suddenly stopped paying, and you have not said why. They are going to be afraid that no more is forthcoming and they need to chase hard for it.

They'll be more sympathetic the longer you have been reliably paying, but (and I don't mean to be harsh) the view they have of you is that you accepted largish sum of money knowing that you had no right to it, if repayment has barely got going they will be tempted to go down the legal route. In which case a cc cheque is like taking a flexible loan at 5.49% which is reasonable, and would be cheaper than getting a ccj.

Good luck anyway.

weebubbles

my husband and I are going to go to the citizens advice burea to see if they can help.

I am hoping that royal mail will accept a direct debit each month but if this has gone as far as solicitors, will they reverse their decision to demand the £1600 within 7 days?

OliveOyl_2

A direct debit gives control of the amount taken each month to Royal Mail.
If it were me, I would prefer to set up a standing order for each month with an end date.

I know there are special protections for DD's but I would prefer to control what day and how much went out of my account.