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Satsuma Loans
Legacy_user
Posts: 0 Newbie
I am extremely concerned because I have received a letter from StepChange Debt Charity stating one of my creditors (Satsuma Loans) have rejected the payment StepChange offered.
I can also see the letter states, "They may continue with their standard process, including passing the debt to a debt collection agency", this is the bit which concerns me as I don't want to get in to a worser situation as they may add interest and administration fees.
I can also see the letter states, "They may continue with their standard process, including passing the debt to a debt collection agency", this is the bit which concerns me as I don't want to get in to a worser situation as they may add interest and administration fees.
0
Comments
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Hi,
Nothing to worry about, they cannot add fees, charges or interest, as the debt collectors don’t own the debt.
It’s actually a good thing, the DCA will be able to accept the stepchange offer, as they have more discretion, it’s a very common next step most creditors use.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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