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vanquis default notice.what's my next step
yellafella23
Posts: 4 Newbie
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Join Date: Jul 2014
Posts: 1
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vanquis default notice.what's my next step
Hello everyone.
Been reading the forums for awhile and it's helped me sort alot of my previous problems.
A little about my situation.
I have the dreaded vanquis credit card and due to the birth of our first child I'm no longer able to pay the minimum amount off,the payment barely covers the interest as I'm sure your all aware from the masses of threads about this company.
I read through a previous thread that gave the advice to just stop paying and let it default as they were refusing to freeze debt and stop charges but I can no longer find the thread I was referencing from so thought I would join up and ask for the advice I need in person.
I have ignored all correspondence from vanquis and impact collections and today received my default notice.what should i do now? Call vanquis and offer a small amount I can afford or do I wait for it to be passed onto an external dca and then speak to them and offer what I can afford?
Doing my best to keep on top of my debts but this one would go on forever if I kept only paying the minimum and as my partner can no longer work full time I have more going out than coming in so I'm now paying all my other debts but can't manage this one.
So what's the best course of action folks?
Thanks for any advice
Join Date: Jul 2014
Posts: 1
Thanked 0 Times in 0 Posts
vanquis default notice.what's my next step
Hello everyone.
Been reading the forums for awhile and it's helped me sort alot of my previous problems.
A little about my situation.
I have the dreaded vanquis credit card and due to the birth of our first child I'm no longer able to pay the minimum amount off,the payment barely covers the interest as I'm sure your all aware from the masses of threads about this company.
I read through a previous thread that gave the advice to just stop paying and let it default as they were refusing to freeze debt and stop charges but I can no longer find the thread I was referencing from so thought I would join up and ask for the advice I need in person.
I have ignored all correspondence from vanquis and impact collections and today received my default notice.what should i do now? Call vanquis and offer a small amount I can afford or do I wait for it to be passed onto an external dca and then speak to them and offer what I can afford?
Doing my best to keep on top of my debts but this one would go on forever if I kept only paying the minimum and as my partner can no longer work full time I have more going out than coming in so I'm now paying all my other debts but can't manage this one.
So what's the best course of action folks?
Thanks for any advice
0
Comments
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I assume impact collections are vanquis in-house DCA then ?
They wont be any more use than vanquis themselves, if you wait till its sold on, an external DCA will accept , really, whatever you can afford, in the end.
Never speak to them on the phone, always do it in writing, then you have a paper trail, and a record of what was or was not agreed.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 -
Yes impact are the in house agency.I want to pay the debt off but I just can't at the current rates and the refusal to alter them leaves me with no choice.I guess I'll have to wait to see what happens next then contact the new dca with an offer I can afford0
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yellafella23 wrote: »Yes impact are the in house agency.I want to pay the debt off but I just can't at the current rates and the refusal to alter them leaves me with no choice.I guess I'll have to wait to see what happens next then contact the new dca with an offer I can afford
You may get a more positive response if you do, yes.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
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