just to clarify it wasnt a student loan it was a student bank account that id used the £1500 overdraft on never bothered to clear it then it began building up interest and went to roughly £1900 debt collecting company started chasing me for it finally began paying it off when got out of prison paid it but in the meantime its defaulted me somehow plus some old contract phone that i dont remember ever getting in 2009 that had a default against it but has recently came off in decemeber
ive recently got couple of credit cards to help build credit but anything else ive ever had on finance etc been paid couple of late payments here n there nothing major tho
i was just wondering if anyone had any links or experience of using such firms due to there own circumstances im looking to just change from 2 vans to one bigger one really and moving forward id like to just have a newer van so hopefully less issues and downtime
Jeeez. Richy, with you, and I don't mean this horribly, it's like extracting gold from teeth. Maybe explain it all from the start. It all makes sense now.
As said above, check out what is what by using Noodle which is free and then get advise on what to do next.
Really, you should have taken advice and abandoned the debt when you went to prison (and I'm not criticising you on that score at all - you've paid your debt to society). Doing that may sound wrong to many on here but those who give credit know the risks involved. If they don't like it when that risk comes happens, then they shouldn't take the risk.
As for debt collection agencies, my advice to anyone on here is to pay 30% off what's owed and then ask for a settlement figure of no more than 10% of the balance. If you stick to your guns, they will give in but, very important, get it in writing first.
If the debt collection agency writes to you more than once a month or makes more than one phone call a month, they are breaking the law. Also, if you can show by way of an income/outgoings statement that their suggested repayments are causing you hardship, you can lower the amount to repay each month to almost any figure you choose and provided you make that payment, they cannot issue a default notice.