When is enough

pilpilpil123

Hi all

i took out a £500 credit card in 2002 to try and set up my own self employed gardening buisness
The car broke,and the £500 was used to fix it,so no buisness
Since then i have been paying back interest only,it started at £10 per month,but withouth doing the maths i've paid the m back over £2,500 and just found out i owe just over £700 still on the original £500

My self employed work looks like it may be gone so im now on universal credit and phoning everyone i can to get bills lowered or get out of contracts where possible

I appreciate i took the credidet ou,but eas hoping uner the cv19 troubles they could either show some compassion in either wiping the whole debt off,or at least say just pay us £5 a month back on the original £500.

Im waiting on getting a phone call ball in the next day or so as i was offered a holiday break from the payment til things got better which i told them to stick it,not mature,but really wasnt in the right frame of mind

So far ive spent over 2 hours in total just trying to prove who i am,as i cut the card up,and have moved 3 times,maybe they are having a spate of people trying to pay others debts,who knows


sorry for the rant

pilpilpil123

They have just squashed the whole debt 

sourcrates

Excellent news, in the circumstances that is the result I would have expected.
A debt of £500 turning into nearly 3k, under those circumstances, and over such a length of time, was obviously wrong.
well done.