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advice req re capitol one / iqor recovery services

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Hi , got the dreaded letter saying my debt of £1195 had been passed on to iqor recovery, I dont have the money to pay it off in full obviously , what happens now ? if I was to write back and offer them £30/35 a month would they accept it , any advice would be grateful
thanks

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    Hi

    What is the current situation with the debt? have you been paying cap1 reduced payments or not paying them anything recently? Had cap1 frozen interest?

    If you have paying them £30 a month then just write back to iqor and say that is still all you can afford, and your circumstances haven't changed.
    If you haven't been paying cap1 anything then reply to iqor and offer that repayment and say it is all you can afford and ask for their bank details so you can set up a standing order.
    They will probably try to hassle you for more but if that is definitely all you can afford then just keep paying that amount each month.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • ive missed a few payments and been late with payments with cap one , no reduced payments or interest froze , I was starting to get on top of things and then this letter came yesterday , and whilst checking my bank account today I noticed cap one have cashed my last cheque for £30 -wonder where this has gone ? as the debt had been passed on
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