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Debt Help
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Said this 1000 times before, but it still applies, nothing moves very fast in the debt collection world, it may seem important to you, but to them its just another defaulted debt.ad2 said:Hi. A few of the debts are starting to default. PayPal has already defaulted (can see on credit report) but I have not been contacted yet, apart from the usual daily calls I am getting. Should you wait for someone to get in contact or should I just contact them to start making a payment?
They will all decide individually what to do with your accounts and in a few weeks or so you will be written to by whoever has your debts at that time.
Just wait and go with the flow.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-letter0 -
Hold fire on everything. You need emergency fund then defaults. After that you can think about DMP repayments. As @sourcrates says debt recovery is slow and you need the process to carry through.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment 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.
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