santender loan default :(

jellybabyj

hello I am new to here and I looking for much needed advice I lost my job in 2012 and had a loan out with them etc I couldn't repay any other the loan so they defaulted it
how ever I did go to cab and they wrote for me a offer to pay a amount however they declined. I have now got a quite well paid job and I rang Santander up and offerd to pay 150 pound a month original was 250 as that way I wouldn't get my self in more financial difficulty


but they said no I have to pay it in full or they will pass it on to a debt collector

DCFC79

jellybabyj wrote: »

hello I am new to here and I looking for much needed advice I lost my job in 2012 and had a loan out with them etc I couldn't repay any other the loan so they defaulted it
how ever I did go to cab and they wrote for me a offer to pay a amount however they declined. I have now got a quite well paid job and I rang Santander up and offerd to pay 150 pound a month original was 250 as that way I wouldn't get my self in more financial difficulty


but they said no I have to pay it in full or they will pass it on to a debt collector

Apologies but I can't see a question ?

Is it do you have to pay in full or do they have t accept your offer of £150 ?

Why dont you want to pay the £250 ?

redcard

Let them pass it to a debt collector then propose a payment plan of £20 a month.

Apples2

If the original was 250 you should be paying more than that not less.

redcard

Apples2 wrote: »

If the original was 250 you should be paying more than that not less.

Is this personal opinion, or is there any basis in fact?

DevCoder

redcard wrote: »

Is this personal opinion, or is there any basis in fact?

I think Apples was meaning that as the account is in arrears that to bring it into good light and to meet the loan maturity date you would have to pay over and beyond the old monthly amount.

Apples2

redcard wrote: »

Is this personal opinion, or is there any basis in fact?

Glad someone was here to explain it for you. It really isn't difficult

BonkersBonkers

I think it all depends on whether OP gives a toss about his credit rating for the next 6 years.
If he doesn't want ANY new credit, phone, catalogue, store, loan, credit card, or mortgage then let him pay £20 per month.

If due to his new well paid job any of the above is handy he has a decision to make.

redcard

Apples2 wrote: »

Glad someone was here to explain it for you. It really isn't difficult

Don't worry about it, I just thought it was pretty awful advice and the OP would have absolutely no intention of listening to it.

Probably made you feel a bit more worthy than you did already, which was the whole point.

redcard

BonkersBonkers wrote: »

I think it all depends on whether OP gives a toss about his credit rating for the next 6 years.
If he doesn't want ANY new credit, phone, catalogue, store, loan, credit card, or mortgage then let him pay £20 per month.

If due to his new well paid job any of the above is handy he has a decision to make.

Paying £250 a month won't remove the default, so he credit is trashed already.

And as the OP can't organise their finances, they really should be thinking about taking on store cards or loans.

BonkersBonkers

redcard wrote: »

Paying £250 a month won't remove the default, so he credit is trashed already.

And as the OP can't organise their finances, they really should be thinking about taking on store cards or loans.

Did you omit the word NOT in that sentence?;)