Still won't be paid off when I'm 80

Bosshugo111

Got a debt that I didn't know I'd got until very recently
£8000 is in interest!!! Total debt now £14,000
So basically it has to be paid
Had an attachment of earnings
I literally can hardly afford to pay £10 a month
Just set up being self employed after being un employed I earning peanuts at the mo!! I get high end of tax credits and just started claiming that
There not going to accept £10 a month are they!!
Any advice ??

chesky

More detail needed - why didn't you know about the debt? What's it for?

Tixy

Are you a homeowner? any significant assets?
In terms of the court accepting £10 a month it depends on what alternatives there likely are to recover the debt.
Have the court asked for an income/expenditure statement from you?

Given your very low disposable income have you looked in to whether a DRO may be a possibility and suitable for your circumstances?

Tixy

chesky wrote: »

More detail needed - why didn't you know about the debt? What's it for?

OP has some previous threads on this debt, including Help with complicated car finance gone wrong !!! and Need a solicitors & can't afford one HELP

chesky

Yes, just been reading his other thread. How about going to his local CAB and asking for a referral to one of their 'free advice' solicitors.

Bosshugo111

It was a car I had to return about some years ago. Never heard a thing until now!! I thought car sold for enough at auction to cover the £7000 that was left and by not hearing anything for YEARSi thought it was done !!! How wrong was I???
Any way they want just short of £14,000
I don't have a mortgage or any asserts so nothing they can take from me, except my pride ....
I've got to return an attachment of earnings to the court

girlsmum

how many years? if over 6 years it could be Statute barred when did you last make payment, have you acknowledged the debt?

sourcrates

OP, you were given good advice on your other threads.
It just confuses people writing multiple threads about the same subject.