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Frodo in Administration

2

Comments

  • gb12345
    gb12345 Posts: 3,055 Forumite
    annmaria2 wrote: »
    They did mention passing my debt to debt collection if i will not repay within two months. I think its really unfair.

    Overdrafts are normally repayable on demand, so 2 months is more than they had to give you.

    If they do pass it to a debt collector then once they start hassling you write to them telling them you want all communication in writing and then pay back as quickly as you can.
  • annmaria2
    annmaria2 Posts: 43 Forumite
    Sixth Anniversary
    How will this be reflected on mu credit report etc.? Will this show as settled if i will manage to organise full amount and repay within agreed term?
  • gizmo111
    gizmo111 Posts: 2,671 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Do you have a proper bank account with these people - one that your income goes into?
    Mama read so much about the dangers of drinking alcohol and eating chocolate that she immediately gave up reading.
  • annmaria2
    annmaria2 Posts: 43 Forumite
    Sixth Anniversary
    gizmo111 wrote: »
    Do you have a proper bank account with these people - one that your income goes into?

    No i do not. I bank with lloyds. I was looking for a loan in the past and frodo came up the best on the research and i got it.
  • annmaria2
    annmaria2 Posts: 43 Forumite
    Sixth Anniversary
    anyone please?
  • gizmo111
    gizmo111 Posts: 2,671 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    annmaria2 wrote: »
    anyone please?

    What else do you need to know?
    Mama read so much about the dangers of drinking alcohol and eating chocolate that she immediately gave up reading.
  • Trajal
    Trajal Posts: 550 Forumite
    Debt-free and Proud!
    It very much depends on the original terms you had with the provider.

    2 months sounds pretty harsh if you had arrangements for, e.g., 6.

    Can you confirm what the terms were?
    Debt free, moved, got new stuff for the new flat - got everything I wanted and need - now just saving.
  • annmaria2
    annmaria2 Posts: 43 Forumite
    Sixth Anniversary
    Sorry my last question again please: How will this be reflected on my credit report etc.? Will this show as settled if i will manage to organise full amount and repay within agreed term?
  • annmaria2
    annmaria2 Posts: 43 Forumite
    Sixth Anniversary
    Trajal wrote: »
    It very much depends on the original terms you had with the provider.

    2 months sounds pretty harsh if you had arrangements for, e.g., 6.

    Can you confirm what the terms were?

    Will check once at home. :)
  • gizmo111
    gizmo111 Posts: 2,671 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    annmaria2 wrote: »
    Sorry my last question again please: How will this be reflected on my credit report etc.? Will this show as settled if i will manage to organise full amount and repay within agreed term?

    Yes - your credit report will be a true account of what you ave paid and when.
    Mama read so much about the dangers of drinking alcohol and eating chocolate that she immediately gave up reading.
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