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Letter template for Barclays-stopping interest?
ferry
Posts: 2,014 Forumite
Hi all
Hope someone can help. Apologies if in wrong place but this may just kick off a debt free journey for me.
I have had a dormant Barclays account for many years that's accumulated interest to the point I now need to address it and I was hoping to contact them by letter to see if anything can be done to stop interest being added with a view to closing the account once this is paid off-which may take a while
Are there any templates available that could help me request this please?
Also I am worried that the debt will be sold on which as some of us are experiencing is a nightmare scenario
Thanks as usual
Hope someone can help. Apologies if in wrong place but this may just kick off a debt free journey for me.
I have had a dormant Barclays account for many years that's accumulated interest to the point I now need to address it and I was hoping to contact them by letter to see if anything can be done to stop interest being added with a view to closing the account once this is paid off-which may take a while
Are there any templates available that could help me request this please?
Also I am worried that the debt will be sold on which as some of us are experiencing is a nightmare scenario
Thanks as usual
:j
0
Comments
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Hi all
Hope someone can help. Apologies if in wrong place but this may just kick off a debt free journey for me.
I have had a dormant Barclays account for many years that's accumulated interest to the point I now need to address it and I was hoping to contact them by letter to see if anything can be done to stop interest being added with a view to closing the account once this is paid off-which may take a while
Are there any templates available that could help me request this please?
Also I am worried that the debt will be sold on which as some of us are experiencing is a nightmare scenario
Thanks as usual
Hi,
What sort of account was it ? bank account ? overdraught ? creditcard ?
has it been more than 6 yrs since you acknowledged this debt ? .when an account gets sold on to a DCA the interest etc is normally stopped anyway, so that may actually be your best option, DCA`s also will take a much lower offer to settle an account, that the original creditor would have done, as they have paid out a lot less money for it.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thank you.
Its just a basic current acc but has a £750 od facility that has been in close to that for many years
Dread to think how much in charges i ve paid over the years:j0 -
Template is somewhere on the national debtline website.Still rolling rolling rolling......
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SIGNATURE - Not part of post0 -
Hello there, you can find our sample letters here: https://www.nationaldebtline.org/EW/sampleletters/Pages/default.aspx
Best wishes,
David @ NDL.We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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