We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Very/arrow
Options
babybaby1
Posts: 23 Forumite
In a plan with stepchange and going nicely, got a letter today, that the account with very/is me has been passed to arrow global, which is fine, they acknowledge that a third party are involve. Main problem I have had with very/isme that they have refused to stop interest due to being buy now pay later times, I am able to ask arrow global to stop this interest now?
facing the music at last 
0
Comments
-
If the debt has been sold to Arrow, then I believe they can no longer charge interest on it anyway, and the amount owed is now just the outstanding amount.0
-
3rd party debt buyers don't charge interest on accounts unless the original contract allows then to do so, most consumer credit act agreements do not allow this.
As the other poster said, the amount now outstanding will be frozen at whatever it is.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 -
Yayyyy just got a hope that Isme go over soon. They have been the worst to deal with.facing the music at last0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards