Will Barclaycard Write Off My Debt?

ARN92_

Hi

Took out a Barclaycard a few months ago, and since my health conditions have worsened this has become very overwhelming for me to handle on my own, especially on the autism spectrum.

I have also got anxiety with depression. I am an extremely vulnerable customer of theirs, and feel they should write the debt off, but that’s for them to decide.

Do you reckon they would based on my circumstances? Bare in mind I sent them medical evidence of this from my GP along with a budget. My current balance also sits at £800.

sourcrates

It’s quite possible that they will, yes.

Just cooperate with them, and see where it leads.

ARN92_

Thanks.

Other companies when I have approached them about the same issue have not been so sympathetic, such as a well-known payday lender known as Fund Ourselves.

Basically saying to me “you were aware of your condition when you took out your loan”. I have tried co-operating with them, and just gave up as they were too stubborn enough to change their minds.

sourcrates

Well if you don’t have any luck, wait until they sell your debts on, as 3rd party debt purchasing companies have much more discretion over these things.

ARN92_

An update on this.

Received a letter from them yesterday basically stating “Thanks for your email, while we appreciate you sending in medical evidence we’re unable to write off the debt. This is because your disposable income shows it’s at £200.”

To say I’m unhappy is an understatement, especially with time wasted collecting all the evidence required. Clearly their investigation was lazy, as they didn’t bother to take my medical situation in to account.

Westie983

As already mentioned, just wait till Barclaycard sell the debt on, and you should have more flexibility to offer part payments, or they could write the debt off.

Westie983

ARN92_

Thanks.

Really is a big headache having to sort this once and for all, with no real resolution in sight.

Am trying to be debt-free, but companies are making that difficult for me.

sourcrates

I hate to say this, and please take this in the helpful way it is intended, next time you send a letter to a creditor asking for a write off, you really need to be much better prepared.

For starters, debt purchasing companies will be easier to deal with when considering write offs, and secondly, don`t let your income/expenditure show a £200 surplus, or any surplus, as your just shooting yourself in the foot by doing that, big mistake, have it show as zero.

ARN92_

Yes, I appreciate the comments, and now that you’ve said that I should’ve exaggerated my budget a bit more but there’s no going back on that now (until it goes to a debt management agency.)

hoverFrog1

If you owe £800 and have a disposable income of £200 then set the money aside now so you can pay it off in one go. If you don't actually have £200 spare each month then you need to create a new I&E that shows what you actually do have spare. That is especially true given that your circumstances have changed.

ARN92_

Me and Barclaycard discussed this morning for a full and final settlement in place for £550 instead of the £800, so least that’s something even though will it will leave a negative mark on my credit file for six years, and mentioned it will also leave a missed payment mark on it.

This will leave me with £470 until 30 June (which happens to be payday), will that be enough to live on until then if I don’t go crazy with it.