Frodo in Administration

gb12345

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

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

Do you have a proper bank account with these people - one that your income goes into?

annmaria2

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

anyone please?

gizmo111

annmaria2 wrote: »

anyone please?

What else do you need to know?

Trajal

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?

annmaria2

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

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

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.