Paypal Credit Debt

sammy_Beebee

Hi,

I have a Paypal credit account which has fallen into arrears over the past 6 months the total balance is £1294 (670 of this is made up of charges and interest). At the moment I can only afford to make payments of potentially £50 per month but I cannot seem to speak to the correct person to ask about this. Every month they send me a default notice but continue to add charges and interest and now this month it says my minimum payment is £670 this month.

Can I write to them or call and request that a repayment plan be set up?

Thanks in advance

sourcrates

 It`s not a default notice, its a notice of "default sums in arrears" different animal altogether.

Very difficult to deal with an American company, with head offices in Europe, from the UK.

Best advice I can give you is to just hang tight, they will eventually pass your account to a UK debt collector to manage, normally Wescott or Akinika are the norm.

Payment on a monthly basis will be much easier through them, you can also dispute the charges.

Sly72

Just an update my wife has a PayPal account and has been informed that from Nov 23 they are moving all UK accounts from Europe to a UK PayPal service which will then be regulated under the fca, reason due to Brexit