Cahoot arrears

jessie15

Hi, I posted this on the wrong thread and it was suggested I try here so here goes... My hubby has a Cahoot credit card, which is over is credit limit and has arrears on it. They have been writing to us pointing this out and asking that we pay the arrears. We have written to them countless times telling them that we are experincing great financial difficulties and asking if we can set up some kind of repayment plan to which the answer each time has been a definate no! (all our other credit card companies have been very good and let us set up repayment plans), however its at least 2 months since we last heard from them, we have not been paying anything, (I now know this has been very stupid on our part after reading many posts on this forum) What do you suggest we do? Do we start sending a small amount of money each month and ask them agian about a repayment plan or what? Also should I claim back any charges on this account?

jessie15

bump

**Amy**

Hi

What I would do is send them a letter (recorded delivery) explaining your financial situation again, but include an SOA (you can use this: http://www.makesenseofcards.com/soacalc.html and print it off) to show what you can afford to pay to them per month.

Then send in a cheque for the amount you are wanting to pay.

Send in the money each month, without fail. Hopefully they should see that this is all you can afford. And if they do try and take it to court etc. you can show that you arent trying to dodge the debt, but that you have genuine problems.

It might also be a good idea to speak to National Debtline or CCCS if it is a large amount or for some further advice (www.nationaldebtline.co.uk or https://www.cccs.co.uk)

I hope this helps.

x

jessie15

Amy many thanks for your kindness! I know that we are on the right track and that we have a long journey ahead of us but it is so nice to know there are good people like you here to help out. I will do as you suggest right now. Thank you!! x