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Help Please With Default!!!
POPS_2
Posts: 8 Forumite
Hi all, i new here so wondering if you can help me out. I am at present in negotiations with my creditors for reduced payments. Most have been ok, but when i sent my SOA to Tesco creditcard they sent me straight back a default notice saying my account was 54.00 over limit and stated 17 days to rectify and 21 days for cancellation of agreement. They stated that there credit contrl would be in touch to discuss payment arrangement. However, it also stated if i dont pay this they may take legal action. What should i do?. I am a full time carer only income benefits, no assests, rented accom. I can borrow the money to pay 54.00 (i am offering 20.00 per month to them in arrangement), but this is just putting me more into debt. Do you think i will get court action? Should i contact them or just keep paying my 20.00? Any help apprieciated. Many thanks
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Comments
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Keep paying the £20 pm mean time.
Threat of legal action is just a threat at the mo~try not to worry too much.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Sorry~meant to say welcome to MSE~you are in the right place to get lots of help & support
I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0
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