We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Extending Egg Repayment Plan (If Possible)
Lloyds_Dad
Posts: 43 Forumite
Hi all just finished a 6 month repayment plan with interest frozen with Egg with first payment just made by direct debit (I hadnt realised I had arranged this)
However I am no apparently unable to continue this for another 6 months and the only way around this is to go on a DMP and get a default.
Have any of you encountered this as I currently owe £ 1200.00 ish and monthly repayments are £ 24.65 which hardly touches the debt due to interest now being incurred.
Many thanks for your help
However I am no apparently unable to continue this for another 6 months and the only way around this is to go on a DMP and get a default.
Have any of you encountered this as I currently owe £ 1200.00 ish and monthly repayments are £ 24.65 which hardly touches the debt due to interest now being incurred.
Many thanks for your help
0
Comments
-
Lloyds_Dad wrote: »Hi all just finished a 6 month repayment plan with interest frozen with Egg with first payment just made by direct debit (I hadnt realised I had arranged this)
However I am no apparently unable to continue this for another 6 months and the only way around this is to go on a DMP and get a default.
Have any of you encountered this as I currently owe £ 1200.00 ish and monthly repayments are £ 24.65 which hardly touches the debt due to interest now being incurred.
Many thanks for your help
Have you considered unenforceability (you knew i'd ask that lol) - also bear in mind a lot of Egg agreements are flawed - check for the words approved limit: Egg Card - CCA Flawed?
2010 - year of the troll
Niddy - Over & Out :wave:
0 -
Hello mate I should have put money on you being the first reply
The agreement was after 2007 and was signed electronically (I think) therefore I feel I dont have much of a chance unles you can help otherwise
All the best0 -
Lloyds_Dad wrote: »Hello mate I should have put money on you being the first reply
The agreement was after 2007 and was signed electronically (I think) therefore I feel I dont have much of a chance unles you can help otherwise
All the best
LOL - i'm your stalker that's why
Ahh that rules that out then mate :mad: I know another way though (its called ignoring them) :whistle::whistle: 2010 - year of the troll
Niddy - Over & Out :wave:
0 -
No worries I think I might CCA them anyway, wont hurt and its only a quid and the recorded postage you never know I might have the dates wrong;)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards