Virgin Money card asking for earning and expenditure details.

adamp87

Lemonbelly said:

jjames1985 said:

cymruchris said:

Lemonbelly said:

cymruchris I unsderstand what you are saying.They have been reasonable and fair. Im concerned if i was to give them details they might conclude i should pay more (or less) than what i am. And to be honest i believe i know better than them what i can or cant afford, and as im paying what was agreed 4 years ago without fail and more than happy to carry on. With less than a year to go until its finished i dont want to do it.

Has anything materially changed in your life? If you're in roughly the same place as when you had the plan put in place, and your income/outgoings have a similar structure - they aren't going to try and put the payment up. What you really don't want is another default. Yes you had one a couple of years ago on your original debt - but that will disappear in 4 years. If you have another one - that's going to last 6 more years. I'm not an expert - and someone else might be able to clarify - as to whether defaulting on an agreed payment plan results in a new default, because if it does - I certainly wouldn't want another one. 

a debt can't default twice.  there isn't really much incentive for the OP to play ball with them really.  they won't add interest to it as it has defaulted and they can't re-default it.  they can sell it to a DCA who can really only do what they're doing, although they'll probably pester the OP a lot more.

thanks  jjames, thats what i thought. to be honest im not afraid about DCA as i had a barclaycard one sold to PRA and they couldnt supply the paperwork and was deemed unenforceable. never had any hassle either.

That’s still risky, as it’s still with the original creditor it’s possible Virgin still have the agreement and they may keep hold of it.

PaulW922

If you you can afford to pay it off you may be able to negotiate a discounted settlement. Worth thinking about.....

Lemonbelly

PaulW922 said:

If you you can afford to pay it off you may be able to negotiate a discounted settlement. Worth thinking about.....

Yes, I did ask year ago but they were adamant no early settlement discount. I could of settled it then but thought in that case I'll just pay monthly as agreed