Lendable - we’ll visit your home next week. What next?

GeekieGirlie

Hi, started self DMP and waiting for loans and cards to default but only been 2/3 months yet so none have yet. 

I have 2 lendable loans and missed 2 payments on both. Had no phone calls just a weekly email and weekly text. I have received this letter below. I’m presuming with them saying wont take payments they aren’t bailiffs just calling to make contact. 

What do I do now? Do I contact and say waiting to default or offer payment and hope they default? Or just ignore and not contact? 

My concern is my teen may answer door or I may in error if thought was a visitor or delivery driver etc. what would I say or my teens if we answered the door to them? 

Trying not to let it panic me as I was doing well so far keeping level headed. but just given me a right sinking feeling in my stomach. I don’t have the money to make any full monthly payments. I could offer a very much lower amount monthly but I wanted the defaults first. 

Here is the letter for reference: 

“You're falling behind with your loan repayments

If we do not hear from you or receive a payment within the next 7 days, we will instruct our representatives to visit you at your home address to reconnect with you. Continuing to miss payments is damaging to your credit rating. This could make it harder or more expensive for you to obtain credit in the future.

If you need support with your payments please contact us. We can discuss an affordable solution to suit your situation.

If no action is taken Our representatives will make contact before they visit. They will not request or take any payment from you.” That’s pretty much all it says. Thank you for taking the time to read it.

Grumpelstiltskin

I doubt any of these door knockers will be working between Christmas and New Year

I wouldn't worry just tell your teen if anyone knocks and asks for you to tell them you are not in and to just shut the door, they are trying to frighten you into paying them, don't fall for it and don't encourage them.

GeekieGirlie

Grumpelstiltskin said:

I doubt any of these door knockers will be working between Christmas and New Year

I wouldn't worry just tell your teen if anyone knocks and asks for you to tell them you are not in and to just shut the door, they are trying to frighten you into paying them, don't fall for it and don't encourage them.

Ok, great! Will do that, if they do. Hopefully won’t as you say with it being this time of year. Thank you

sourcrates

Its important not to panic, and to arm yourself with as much knowledge as possible.

They are not bailiffs, a bailiff can only be engaged after legal action has been taken and a CCJ has been granted against you, and even then they are rarely used to collect consumer credit debts.

No, what we have here are just normal debt collectors with zero power to do anything, if they should call, and its doubtful Christmas week, just tell them you will only deal with business matters in writing and never at the doorstep, don`t get into protracted conversation with them, say your piece, be polite, and close the door.

That`s it, nothing further to be said.

Lenders use them as a way of getting you to re-connect with them, as they know that the threat of anyone knocking on your door will usually freak out most debtors.

fatbelly

They just want to drop around a Christmas Card.


No bailiffs without a defaulted court judgement

GeekieGirlie

sourcrates said:

Its important not to panic, and to arm yourself with as much knowledge as possible.

They are not bailiffs, a bailiff can only be engaged after legal action has been taken and a CCJ has been granted against you, and even then they are rarely used to collect consumer credit debts.

No, what we have here are just normal debt collectors with zero power to do anything, if they should call, and its doubtful Christmas week, just tell them you will only deal with business matters in writing and never at the doorstep, don`t get into protracted conversation with them, say your piece, be polite, and close the door.

That`s it, nothing further to be said.

Lenders use them as a way of getting you to re-connect with them, as they know that the threat of anyone knocking on your door will usually freak out most debtors.

Yes very true it did panic me a little. Luckily this site helps you calm quickly and think straight! I’ll make sure I just say that if they happen to call and I’ve had to answer. Will carry on as I’m doing and stick to it. Thank you! Much appreciated 

GeekieGirlie

fatbelly said:

They just want to drop around a Christmas Card.


No bailiffs without a defaulted court judgement

Yes that will be it!  lol. 

Thank you. ☺️ 

GeekieGirlie

sourcrates said:

Its important not to panic, and to arm yourself with as much knowledge as possible.

They are not bailiffs, a bailiff can only be engaged after legal action has been taken and a CCJ has been granted against you, and even then they are rarely used to collect consumer credit debts.

No, what we have here are just normal debt collectors with zero power to do anything, if they should call, and its doubtful Christmas week, just tell them you will only deal with business matters in writing and never at the doorstep, don`t get into protracted conversation with them, say your piece, be polite, and close the door.

That`s it, nothing further to be said.

Lenders use them as a way of getting you to re-connect with them, as they know that the threat of anyone knocking on your door will usually freak out most debtors.

So I’ve received my letter from Resolvecall saying to contact lendable or they will arrange for a rep to come to home to assist getting back in touch. Should I just leave it and let them come although makes me feel on edge even though they can’t do anything or should I call lendable and say that i will be setting up a DMP shortly. Obv not mention I’m waiting until defaults. Or is that not a good idea? Guessing best leaving it?

Rob5342

GeekieGirlie said:

sourcrates said:

Its important not to panic, and to arm yourself with as much knowledge as possible.

They are not bailiffs, a bailiff can only be engaged after legal action has been taken and a CCJ has been granted against you, and even then they are rarely used to collect consumer credit debts.

No, what we have here are just normal debt collectors with zero power to do anything, if they should call, and its doubtful Christmas week, just tell them you will only deal with business matters in writing and never at the doorstep, don`t get into protracted conversation with them, say your piece, be polite, and close the door.

That`s it, nothing further to be said.

Lenders use them as a way of getting you to re-connect with them, as they know that the threat of anyone knocking on your door will usually freak out most debtors.

So I’ve received my letter from Resolvecall saying to contact lendable or they will arrange for a rep to come to home to assist getting back in touch. Should I just leave it and let them come although makes me feel on edge even though they can’t do anything or should I call lendable and say that i will be setting up a DMP shortly. Obv not mention I’m waiting until defaults. Or is that not a good idea? Guessing best leaving it?

I'd keep quiet and wait. If someone turns up then don't engage with them at all and just politely tell them to leave. Lenders try various things to get you to pay and they default when they have given up on you. If you contact them it will just delay things.It can be a bit unnverving to start with, but in the long term you'll be glad you've done it as your credit report will be clear sooner. 

GeekieGirlie

Rob5342 said:

GeekieGirlie said:

sourcrates said:

Its important not to panic, and to arm yourself with as much knowledge as possible.

They are not bailiffs, a bailiff can only be engaged after legal action has been taken and a CCJ has been granted against you, and even then they are rarely used to collect consumer credit debts.

No, what we have here are just normal debt collectors with zero power to do anything, if they should call, and its doubtful Christmas week, just tell them you will only deal with business matters in writing and never at the doorstep, don`t get into protracted conversation with them, say your piece, be polite, and close the door.

That`s it, nothing further to be said.

Lenders use them as a way of getting you to re-connect with them, as they know that the threat of anyone knocking on your door will usually freak out most debtors.

So I’ve received my letter from Resolvecall saying to contact lendable or they will arrange for a rep to come to home to assist getting back in touch. Should I just leave it and let them come although makes me feel on edge even though they can’t do anything or should I call lendable and say that i will be setting up a DMP shortly. Obv not mention I’m waiting until defaults. Or is that not a good idea? Guessing best leaving it?

I'd keep quiet and wait, and politely tell anyone that turns up to leave. Lenders try various things to get you to pay and they default when they have given up on you. If you contact them it will just delay things. It can be a bit unnverving to start, but in the long term you'll be glad you've done it as your credit report will be clear sooner. 

Ok thank you.  Will stick to the plan then and keep quiet. 

fatbelly

There's guy on youtube that gives advice on tv licence collection. He says if anyone visits, just say 'no thanks' and close the door.

Same applies here