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Found more debt :( do I ring or wait?
homemademama
Posts: 54 Forumite
Hi all,
I am currently paying off about £16k debts with various companies, I got my Equifax report today and there's several other companies I owe that I haven't got a current arrangement in place with and that haven't contacted me.
Do I ring them to see who the debt is with and then make arrangements? Or should I wait until they contact me?
I'm pretty much at my financial limit with repayments so would need to juggle some around to add new ones. But at the same time I don't want to wait and be paying for another year.
I tried with Three today as its a small amount, got given details of CARS, rang them and was told the debt was passed back to Three in June. Rang Three again, debt is definitely with CARS.
Nightmare!
Thanks for any advice.
I am currently paying off about £16k debts with various companies, I got my Equifax report today and there's several other companies I owe that I haven't got a current arrangement in place with and that haven't contacted me.
Do I ring them to see who the debt is with and then make arrangements? Or should I wait until they contact me?
I'm pretty much at my financial limit with repayments so would need to juggle some around to add new ones. But at the same time I don't want to wait and be paying for another year.
I tried with Three today as its a small amount, got given details of CARS, rang them and was told the debt was passed back to Three in June. Rang Three again, debt is definitely with CARS.
Nightmare!
Thanks for any advice.
Highest debt: £25,702.08 
(estimated) DFD 29th August 2018 Paid £35.25
September Squirrels #27: debt paid £35.25/£500 ~ SFD 0/15 ~ Birthdays 0/£50 ~ Saved 0/£50 ~ Food £25.68/£250 ~ Food Bank 0/5 ~ Exercise 2/15 ~ Reflection 1/15
Weight Loss: 0/56lbs
(estimated) DFD 29th August 2018 Paid £35.25September Squirrels #27: debt paid £35.25/£500 ~ SFD 0/15 ~ Birthdays 0/£50 ~ Saved 0/£50 ~ Food £25.68/£250 ~ Food Bank 0/5 ~ Exercise 2/15 ~ Reflection 1/15
Weight Loss: 0/56lbs
0
Comments
-
Hi,
Are you self managing this, or are you in a DMP ?
Personally I would wait until you are contacted by letter, as you already seem stretched financially.
If they are relatively small debts they don't usually chase them too hard, as there is little in it for them.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 -
Thanks Sourcrates.
I'm self managing my debts. I have managed to get in contact with a couple that I know contacted me this year and arranged payment plans, so now I will wait for the others to contact me. I'm sure they will sooner or later.Highest debt: £25,702.08 (estimated) DFD 29th August 2018 Paid £35.25
September Squirrels #27: debt paid £35.25/£500 ~ SFD 0/15 ~ Birthdays 0/£50 ~ Saved 0/£50 ~ Food £25.68/£250 ~ Food Bank 0/5 ~ Exercise 2/15 ~ Reflection 1/15
Weight Loss: 0/56lbs0 -
If they're not hassling you, leave it alone. With any luck it will be statute barred in time.0
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