Credit Card Debt Issue.

Fallenangel152

Right then, a bit of background:

I got a MINT card a few years ago to cover some debts i had, and for one reason or another i missed payments. I then moved house and totally forgot about it (long story - i had a lot of debts).

Now, 2 years on, i just got a call yesterday from a debt collection company out of the blue saying that if i don't pay the full balance (£1500) by thursday i get an instant court judgement. Any attempt i made to offer payment terms were totally rebuked.

This is totally unreasonable - it's one and a half times what i earn in a month! When i mentioned that to him he basically said 'tough'.

The worst bit is that we are currently renewing our mortgage and can't afford any more bad credit. This will probably kill off our chances of actually getting a mortgage.

As you might be able to tell, i'm pretty desperate. My parents are away for 3 weeks so i can't ask them just yet.

After a few minutes majorly panicing, i contacted the Nation Debtline who said it was all talk, and they could do very little except start court precedings. I've got a letter from their site to send asking for the full terms and the original credit consumer application, which i'm sending tomorrow, enclosing my payment of £1.

What i need to know is what happens then? Are they likely to turn nasty? Can they send it to me and instantly start through the courts? I do fully intend to pay (probably in full - i can borrow the money off my parents when they get back in 3 weeks or so), and ideally don't want it to affect my credit.

Thanks!

Undersized_Rascal

how much was the original DEBT for ?

Fallenangel152

£1500 was a bit of a ball park figure. The exact figure according to them is £1350. I'll have to wait for the original documents to see how much it really is.

I know it's not massively different from that.

---lee---

Re your credit, it would be worth obtaining your credit reports from the major credit ref agencies for £2 each. These might reveal any other debts that you have forgotten. The debt should already be marked as defaulted. It would probably be best not to apply for any mortgages until you see your credit files. A CCJ will not improve matters but you may be too far down the road to avoid one. You should take advice from the Citizens Advice Buero.