Letter from Albion Collections

Giraffeseeker

Hi Guys,

I have been on a DMP since January (first payment in Feb) and my biggest debt is with HSPF - a loan on a stupid interest rate. They have not responded to letters from me or from CCCS but have been accepting the payment each month and have not been bothering me at all.

On 6th July they sent a letter saying I needed to pay £1193.45 by 27th July OR they would take further action.

They then state if I do not pay this they will instruct a debt collection agency to collect in full. They say the amount is as follows:
Outstanding Balance under agreement: £19837.93
Less rebate allowable on future installments: £6551.00
Total amount to be paid: £13,323.00

I ignored this letter as (a) I am in a DMP and paying regularly around £150 a month (half the contractual payments) and (b) the letter arrived the day before the funeral of a very close friend.

However, looking at it now, their figures above to not add up AT ALL! £19837.93 - £6551.00 = £13,286.93. How can I take a finance company seriously that cannot use a simple calculator!

Since then I have had a letter from Albion Collections Ltd simple stating "Amount you Owe £19831.03 - pay NOW". A different figure yet again! And what has happened to my "rebate allowable on future installments"?

I have missed a couple of calls from these guys on my mobile too.

I refuse to get stressed about this as life is too short, it was a silly decision to take the loan out 2 years ago (to clear c.cards that I then ran up again) and I will pay it back in my own time - actually my DMP redirects money to this loan each time a smaller debt is repayed and they will actually end up being paid off at least 6 months earlier than the contracted duration of the loan as by the last year of my DMP I will be paying them DOUBLE their contracted payments.

But for now I am now wondering what to do next - any advice?


Many thanks