Equita arrangement refusal

sportbeth

Hi,

After seeing a few useful things on here I've decided to get on with this. I've written to Equita who I have a £700 debt with and paid £150 as a gesture of goodwill and asked them to agree an arrangement of either a settlement figure or a monthly installment.

The answer twice has been a flat no. They've said cough up in 14 days or else.

I've tried haggling twice on this. Should I be persistent? And has anyone else got experience with them?

Nicky_3

Just keep sending the offer of payment you have suggested, as long as it has been backed up by your income and expenditure.

The worse that can happen is a CCJ, and if thats the case, it means you will make the same offer through the court which will be accepted and as long as you keep paying, they can take no more action against you.

Otherwise, they will probably sell the debt on, and then you can negotiate with the new creditor. If they dont want to accept a reduced payment, then it is unlikely they will keep the account, so let them scream until they are blue in the face. They will sell it on eventually. All you need to do is to make sure you keep sending that monthly offer of payment you stated in your proposal.

Xbigman

Nicky wrote:

Just keep sending the offer of payment you have suggested, as long as it has been backed up by your income and expenditure.

The worse that can happen is a CCJ, and if thats the case, it means you will make the same offer through the court which will be accepted and as long as you keep paying, they can take no more action against you.

Otherwise, they will probably sell the debt on, and then you can negotiate with the new creditor. If they dont want to accept a reduced payment, then it is unlikely they will keep the account, so let them scream until they are blue in the face. They will sell it on eventually. All you need to do is to make sure you keep sending that monthly offer of payment you stated in your proposal.

Send it recorded delivery and use a cheque if possible, keeping the bank statements as proof the cheque was cashed.
Regards



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