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decree debt
hariboh
Posts: 75 Forumite
Hey All,
Im not sure if anyone can advise as im in Scotland.
My husband had a decree granted against him for Clydesdale Bank Credit Card and has to pay £75 per month.
I have paid these every month and today he received a letter from Marlin Financial Services. . . . saying
We are pleased to advise that we are able to discharge this debt in full by making a significant lower payment than the outstanding balance.
Interest is accruing on this amount at a daily rate of £.67 and the total amount owing to our client is £3***.** We are willing to offer a discount of £3**.** blah blah blah
My query is on the interest, should i still be paying interest? As the judge granted the decree on the balance outstanding at the time??
Thanks
Hariboh
Im not sure if anyone can advise as im in Scotland.
My husband had a decree granted against him for Clydesdale Bank Credit Card and has to pay £75 per month.
I have paid these every month and today he received a letter from Marlin Financial Services. . . . saying
We are pleased to advise that we are able to discharge this debt in full by making a significant lower payment than the outstanding balance.
Interest is accruing on this amount at a daily rate of £.67 and the total amount owing to our client is £3***.** We are willing to offer a discount of £3**.** blah blah blah
My query is on the interest, should i still be paying interest? As the judge granted the decree on the balance outstanding at the time??
Thanks
Hariboh
LBM May 2009
Debts as of June 2009- £27000
Debts as of June 2009- £27000
0
Comments
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Sorry cant help but sure someone in the know will be along soon.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*** in ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan. 13 months left.0 -
bump ......................LBM May 2009
Debts as of June 2009- £270000
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