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Formal letter of claim issued - What would be my next steps?

cheexy
cheexy Posts: 472 Forumite
Tenth Anniversary 100 Posts Name Dropper Combo Breaker
edited 8 May 2024 at 12:46PM in Debt-free wannabe
Hi,
I'm very confused at the moment and was wondering if someone could help. I just received an email from the solicitors representing the credit card company I owe £14,000+ that a formal letter of claim has been issued. I lost my business earlier this year and earn nothing. I also have a 5 month old baby so I don't work and barely cover my bills as I'm on Universal Credit. There is literally no money anywhere to pay off the debt which I incurred while trying to save my business. What would be my next steps in this situation?

Thanks in advance.
£47605.33 outstanding in C.C (£8000 Interest free till January 2025)

Comments

  • Grumpelstiltskin
    Grumpelstiltskin Posts: 5,988 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If they are applying for a CCJ they must by law send you a letter before action by snail mail, so an E Mail is not enough.

    You will have to sit tight and wait for that letter.
    If you go down to the woods today you better not go alone.
  • fatbelly
    fatbelly Posts: 23,815 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    I'm going to ask for this to be moved to the main dfw forum as I think more people will see it there
  • cheexy
    cheexy Posts: 472 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    Grumpelstiltskin said:
    If they are applying for a CCJ they must by law send you a letter before action by snail mail, so an E Mail is not enough.

    You will have to sit tight and wait for that letter.
    Yes the email stated that the letter is in the post. I'm just trying to get ahead of the whole thing. Sorry I was no clear earlier.
    £47605.33 outstanding in C.C (£8000 Interest free till January 2025)
  • fatbelly
    fatbelly Posts: 23,815 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    https://debtcamel.co.uk/letter-before-claim-ccj/ 
  • cheexy
    cheexy Posts: 472 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    fatbelly said:
    I'm going to ask for this to be moved to the main dfw forum as I think more people will see it there
    Okay thank you
    £47605.33 outstanding in C.C (£8000 Interest free till January 2025)
  • cheexy
    cheexy Posts: 472 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    fatbelly said:
    I'm going to ask for this to be moved to the main dfw forum as I think more people will see it there
    I'm just checking if I need to do anything else for this to be moved. I'm a bit all over the place right now.
    £47605.33 outstanding in C.C (£8000 Interest free till January 2025)
  • fatbelly
    fatbelly Posts: 23,815 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    The mods will move it if they agree.

    You can't do anything till the formal letter arrives

    The Debt Camel article explains what it looks like and how to respond
  • sourcrates
    sourcrates Posts: 32,630 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Bump this thread.
    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-letter
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