Triton - help needed from those that have arrangements with them

LDJ2009

Hi, due to a daft mistake, my overdraft and loan debt with RBS is being defaulted and passed to Triton.

The loan is currently up to date and the overdraft is over it's limit

The total debt is around £17k

Could anyone that currently/or has previous has an arrangement with Triton let me know what sort of figures you are paying towards the debt.

I was advised that interest/charges will still be applied even after i have made an arrangement. Is that correct as i'll never clear this debt.

Based on my I&E, the pro-rata amount i can afford to pay Triton will be £300 a month as a minimum. Does that sound reasonable based on the level of debt?

Thanks

Culex

It does not matter what is "reasonable based on the level of debt", as it is plainly unreasonable for any debtor to be obliged to withhold money from other creditors or bills, or to cease to eat, just so that he or she can pay those 'people' at Triton what they demand.

Hannah_10

Culex is right. You pay what you personaly can afford. DCA's (debt collection agencies) will demand every penny you have if you let them. You have to stand up to them and pay what you can afford, no less but certainly no more.

fatbelly

If you can afford £300 per month, offer it.

But make sure they know that your offer is conditional on interest and charges stopping.

LDJ2009

Thanks for the replies

I haven't slept through worrying about it all.

I think it's a case of not knowing what will happen next which is playing havoc with my anxiety problems.

I'll give them a ring again today to see if i can get any more information about the next steps.

fatbelly

If you ring them, they will just use it as an opportunity to threaten and harass you and mislead you as to what those 'next steps' are. And that's not good if you've already got anxiety problems.

Before Hannah does it, I'm going to give you a link to her Golden Rule

So, everything in writing!

Culex

fatbelly wrote: »

If you can afford £300 per month, offer it.

But make sure they know that your offer is conditional on interest and charges stopping.

Except that, six months hence, they will demand at least £350 or the green light will not flash in their Skinner box, nor will they receive a tasty pellet of food.

Offer them £200 and tell them it's from the childrens' clothing fund.

Hannah_10

Culex wrote: »

Except that, six months hence, they will demand at least £350 or the green light will not flash in their Skinner box, nor will they receive a tasty pellet of food.

Offer them £200 and tell them it's from the childrens' clothing fund.

LOL! :rotfl: (Someone's just come in to see what I'm laughing at now).

Hanky_Panky

fatbelly wrote: »

If you can afford £300 per month, offer it.

But make sure they know that your offer is conditional on interest and charges stopping.

Seriously ?? This is just daft advice.

The Op can certainly request that interest and charges are stopped and may even get it - I hope so. But trying to make the offer of payment conditional on that is just ridiculous - in the long run it will make things much, much worse for the OP.

Really do wish some posters would be a bit more responsible in how they reply to posters who are often in quite vulnerable circumstances - fatbelly your advice is the polar opposite to dca's etc requesting stupidly large payments and just as damaging (if not more so).

fatbelly

Hanky_Panky wrote: »

Seriously ?? This is just daft advice.

The Op can certainly request that interest and charges are stopped and may even get it - I hope so. But trying to make the offer of payment conditional on that is just ridiculous - in the long run it will make things much, much worse for the OP.

Really do wish some posters would be a bit more responsible in how they reply to posters who are often in quite vulnerable circumstances - fatbelly your advice is the polar opposite to dca's etc requesting stupidly large payments and just as damaging (if not more so).

Well, I bow to your superior knowledge.

The debt is defaulted and with a collector. The Lending Code states:

170.
Subscribers should accept the CFS (and other similar statements such as that used by the Consumer Credit Counselling Service (CCCS). The CFS - or equivalent details of the customer’s income, expenditure and assets - is necessary to enable the subscriber to gather information to assess if an ‘offer to pay’ will enable the customer to be accepted onto a formal debt management plan (DMP), or enable the subscriber to reduce or suppress interest and fees.

There's a new version due out any day which i hope will strengthen that position.

The op needs to make sure that his/her money is being used to repay the balance, not in paying interest and fees, and I stick to my original advice.

Hanky_Panky

fatbelly

The problem word in your first post on this subject was 'conditional'.

I agree that it would help the op to have interest and fees reduced or removed entirely however he/she simply cannot make it conditional on them paying anything at all - just bonkers advice and may lead to them getting in even worse trouble.

Even the Lending code cannot force the the lender to reduce interest and fees - it's just a recommendation if the circumstances seem appropriate - you are giving advice when we have no idea at all about the op's full circumstances.