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Help Needed with CDL
zeus1234_2
Posts: 34 Forumite
hi all,
I took out a career development loan with baclays quite a few years back. Unfortunately while on the MSCE course the institute went bankrupt and closed down. Baclays said they would be requesting payment in 3 months time from that date. i then proceeded to pay off the loan on a monthly basis which i was doing quite well until last year. Was out of work and stumped called up barclays. They gave me a one month interest free period and told me my account would be passed to debt collection. Amount was £1658 at 12.9%, this was in August last year. i have not heard from Barclays since then. i have ignored the loan all this time but i have just got a good enough job to finally face this debt.
Would like to know ideas on best way of handling this, scared to take out another loan due to my credit rating. All advice would be graciously accepted.
Money saving virgin
I took out a career development loan with baclays quite a few years back. Unfortunately while on the MSCE course the institute went bankrupt and closed down. Baclays said they would be requesting payment in 3 months time from that date. i then proceeded to pay off the loan on a monthly basis which i was doing quite well until last year. Was out of work and stumped called up barclays. They gave me a one month interest free period and told me my account would be passed to debt collection. Amount was £1658 at 12.9%, this was in August last year. i have not heard from Barclays since then. i have ignored the loan all this time but i have just got a good enough job to finally face this debt.
Would like to know ideas on best way of handling this, scared to take out another loan due to my credit rating. All advice would be graciously accepted.
Money saving virgin
0
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