Some Creditors are sympathetic...

Spikeyjaycee

Hi all. Latest update on my debt situation. Husband is out of work and now no longer eligible for JSA (IB) cos I work more than 25 hours a week. Consequently, there is only my salary coming in. I wrote to my 3 creditors (Amberloan, Barclayloan and Lloyds TSB) back in November 2006 advising them that I may have problems in the future paying my loan instalments. I wrote again in December to say that, because of hubbie's situation, I had no option but to offer the statutory £1.00 a month until he was working again. Until then could they freeze interest. (Haven't actually defaulted at this point). Amberloan answered with a yes and provided me with 6 months grace of £1.00. Barclayloan have offered £1.00 on a rolling basis (have to contact them each month to update - fair enough). Lloyds however (surprise surprise) have refused point blank stating its too uneconomical to process and that it would be referred to debt collection where I could then offer them the £1.00. Their final sentence suggested I contact my local CAB for advice. Well actually I WORK for the CAB in the Money Advice Unit so I know what I am talking about and how these things work. Lloyds have a reputation for being awkward. However, what I am doing is moving all my salary to a new bank account so Lloyds cannot get their hands on it (I've been with Lloyds for 20+ years) and will deposit £1.00 a month into the Lloyds account each month to show good intentions. It also means that, if in the long term they decide to take court action to retrieve the money I owe them, I can show the court all my actions along the way and that I've done everything by the book. Its nice to know I am in the right.

dette_2

Hi,
I am in a similar situation to you, only I have a problem. I am an employee!