What Should I Do?

achtunglady

Hi, two years ago i ran up a debt on my credit card, and what with late payment fees and over the limit fees it came up to £700+. I paid off the odd £100 here and there, and I came to an agreement with a debt collection agency that if i paid £40 per month till the debt was paid that they would not take me to court, but if i defaulted then it would automatically go to court unless i paid the balance off in full. So in January 2006, I setup a dd for the £40 a month, the total payable being £453, I paid all the payments up to the 27th of November which by my calculations is £440. Now the next payment is £13,:p I don't want to leave the dd for them to take £40 and have hassle getting the difference back, and I have lost the letter they sent with the agreement, so I cannot contact them.
Should I cancel the dd and wait for them to contact me and send a cheque for the £13 balance by return or is that unwise incase they automatically take it to court (which will add court costs I have to pay)

Is it worth getting in touch with the CCcompany to get the details of who is recovering the debt? Help much appreciated, thanks

achtunglady

Anyone????

postingalwaysposting

me personally would let them take the £40 (of which they might change it to £13 anyways) and then claim it back... better than having loads of court costs to pay you will then be back to day one again :rolleyes: but thats just how i would do it... it depends on you...

Brassic

Can you remember the name of the debt company? - if so google them and get their contact details and just give them a call. They'll be able to bring your details up from your address.

crystal_clear

Hi there

If this is on direct debit with your bank then you can access the payee and the account details to pay to by contacting your bank its all there on screen for them to give you. Tell them you want to cancel dd and make a 1 off payment electronically to the company for £13 on the next due date and they have the info to do it all there and then.
No late fees now stress all sorted with just a quick chat in the branch.
Hope this helps

Crystal