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    • Velvet99
    • By Velvet99 16th Apr 19, 6:53 PM
    • 5Posts
    • 5Thanks
    Student Accomodation - Outstanding Balance
    • #1
    • 16th Apr 19, 6:53 PM
    Student Accomodation - Outstanding Balance 16th Apr 19 at 6:53 PM
    My student accommodation is £8517 a year, paid in 4 instalments. The final payment of £1837 was due on 15/4/19, however I was unable to make the full payment and there is still £1043 outstanding. The tenancy ends in September.

    I have previously made partial payments, however in this case they have now sent me a letter stating that I must pay the full outstanding balance by 22/4/19 or they will add interest (above 4% of base rate of Lloyd’s Bank) and forward the file to solicitors and start court proceedings.

    I am on a DMP and my guarantor is not in a position to pay, having recently been issued a CCJ. I have spent all of my wages on the rent and can pay no more, I also cannot ask friends for further help as they have already lent me money for the January instalment which I have not been able to pay back yet. What would you recommend that I do?

    I am happy to do a payment plan, however I am unsure what to offer. I have made a token payment on my DMP for this month and advised that I may also have to do the same next month. I cannot cut back further on anything unfortunately. I could probably offer them £700 next payday which is unfortunately 3 weeks away.

    Please note that I understand that this student accommodation is expensive, and I will be seeking somewhere much cheaper for the next student year, however my circumstances have drastically changed since I entered the contract. I am only seeking advice on what to say to the accommodation provider in hopes that they will accept a payment plan.
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    • Housebuy12345
    • By Housebuy12345 16th Apr 19, 8:32 PM
    • 60 Posts
    • 12 Thanks
    • #2
    • 16th Apr 19, 8:32 PM
    • #2
    • 16th Apr 19, 8:32 PM
    You need to negotiate a payment plan. The more you ignore them the worse it becomes.

    £700 is more than adequate, as long as you pay.

    What’s the company?
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