What do you do if a company refuses to accept your offer of repayment?

Willing2Learn

How come there is no council tax or utility bills or are they included in the rent?


I urge you to include an Emergency Fund in your monthly budget.
I also urge you to think about having home contents insurance to cover you against the worst case scenario.

DebtAdvicePlease1993

Because I live with parents I give them £350 a month towards everything. They can't lower this amount for me because they're struggling financially themselves to pay the mortgage. I'm on the waiting list for council accommodation but I'm worried moving out will hurt my finances and mental health further. I'm trying so hard to come to a decent arrangement with loans to go, all of my other creditors were happy to help but they're insisting from my bank statement that I have money left over to pay them more than £30 a month. I might have to cut even more costs and pay them £60-70 just to get them off of my back, although I still feel this won't be good enough. I'm at a huge loss here.
I'm living in fear every day that people will come knocking on my parents door asking for me. I don't want to put y parents and young siblings under that pressure. I have no assets, and nobody to borrow money off of. This entire thing is making me very suicidal so I am currently under the care of the local Crisis team, I may mention this to loans to go.

YorkshireBoy

Your parents are charging you (more accurately the tax payer) £350 a month rent? They're profiteering more than loans2go!

And £65 per month for a mobile phone?! Get rid as soon as you can.

Edit: cross posted with your last post. So when you move out your parents will be in dire straights too?

DebtAdvicePlease1993

My phone contract was taken out a year ago whilst I was in work, and cannot be voided until the contract ends in another year. Obviously, I can't pay it off early as I have no money.

Yes, unfortunately I take a large chunk of tax payers money up every month because I fell ill with a brain tumour, I'm sure every tax payer in the United Kingdom hates me because I make it so they have to pay sooo much tax towards me, personally. It's not shameful or anything for me, having worked from being 15 and ending up in this mess.
I don't think £350 is totally unreasonable at all, most of my friends who still live at home are paying their parents around £250-300 a month.. I'm here for advice and support, not to discuss my parents finances as that's not the point of this post, is it?

YorkshireBoy

Repaying your debts, and thereby avoiding CCJs, should have a higher priority than helping your parents out financially. Time to get selfish. After all, they're going to suffer anyway as soon as you move out.

DebtAdvicePlease1993

If it is a possibility for me to shave some board money off, I definitely will do, but I still don't think I can turn out £100 a month to this company. I'm looking into every single thing that I can right now to get this under control

Willing2Learn

You could always default on the loan and then offer repayments to the applicable DCA, once the debt has been moved on from Loans2Go. Don't worry about a CCJ, because as long as you make a reasonable offer to the DCA, based on your income and expenditure, then that will not happen.

You may not like this suggestion, but it needs to be considered.

Another thing you could do is to send off a holding letter, to give you some breathing space, so that you can get advice from StepChange or the CAB.

DebtAdvicePlease1993

Thank you for your response.

I'm worried that loans to go won't actually pass the loan off to anyone and will just take me to court. Is this a likely scenario? They seem pretty brutal, with their solicitors letters and threats of door step collectors. I'm not sure how legal processes fully work, up until I had to leave work I had very minimal debts that could've been paid off after just one pay day. Now I'm totally stuck after having to move back in with my parents for them to care for me and such. I feel like my life is just falling apart.

YorkshireBoy

DebtAdvicePlease1993 wrote: »

I'm looking into every single thing that I can right now to get this under control

Presents and entertainment releases another £660 a year. Use some of this to self-insure the pet(s) and the rest towards debt repayment maybe? Won't that get somewhere near settling the loans2go balance?

Willing2Learn

I never had doorstep collectors for any of my debts. All the accounts were defaulted and passed on to DCAs. Once a DCA has the debt, you can make a lower offer based on your I & E. If your I & E shows that you have very little left for repayments, then they would have to accept a minimal offer.


Don't worry about the threats. It is an a long time away from CCJ.

You can write to Loans2Go, stating clearly that you only accept written correspondence. Make it clear that you do not consent to doorstep collections, emails, SMS or phone calls.


If you are still confused about how the process works, then I suggest you phone StepChange, National Debtline or CAB in the morning. They will put your mind at rest. Try not to worry.