Debt

[E B]

I have a credit management service pestering me, I have not been in work for some time, but offered to pay an amount that I could afford, but they just kept asking for more, they even refused to take any payments until I ageed to pay what they were asking, my debt would reduced by now if they agreed to take what I could afford.

They are thretening me with court and this scares me. I do not want to go bankrupt as this will prevent me from having a bank account, I need this so that my new job can pay me my wages. I may also need to apply for a loan or mortgage sometime in the future.

The amount owing is four times the original amount. I have tried those people that advertise on the TV, but they can't help me as my debt is too low (just under �2000).

Please can anyone advise me. Sam.

[Loosehead]

What form is the actual debt in? credit card, loans etc?. whatever it is it should be possible to find out a sort code and account number that would be used to collect your cash. Better still phone them up and ask for a sort code/account/ reference no etc saying that you want to pay and then pay what you can into it regardless of what they say you should pay. Then if they try and take you to court you have evidence that you are trying your best to pay. the court will look simpathetically on you. I won't come to court however because they creditors themselves know they are just trying strong arm tac tics. Good luck

[E B]

It was with a bank, my ex-boyfriend asked me to write some cheques for petrol, car parts etc.and he would pay me back and he never did. The debt is really his but the account was in my name, which makes me responsible for the debt. I was stupid to do this for him as he could not get an account in his own name.

The debt was only for a few hundred pounds originally, but with interest and costs the debt grew.

[Loosehead]

Then it's an overdraft, no probelem just do what I said above, pay into it as and when you can. Keep the statements.

[themas]

1. Whatever you do, don't go to any of the outfits that advertise on TV or the internet. They all end up costing you money one way or another.

2. You talk about a "credit management service". Do you mean a debt collector acting for the bank? If not, who are they and why are they chasing you?

3. You can have a bank account while you are bankrupt. It would be a basic account (from Nationwide, Co-op or Barclays) with no cheque book or overdraft facility, but your wages could be paid into it and direct debits set up. However, your debt (assuming the �2K is the only one) is really much too small for you to consider bankruptcy.

4. You need to make arrangements to pay what you can afford based on an income and expenditure statement, which needs to be supplied to the creditor or their agency. Once you have put forward a proposal you should pay the amount each month whether the offer is accepted or not. You also want to get the interest/charges frozen if possible. If you can't get anywhere with this yourself, get free help from your local CAB, or from CCCS or National Debtline.

[Mr.Nose]

i agree with your opinion but also i disagree with the matter in hand

[banjobabe]

Personally I would contact the National Debtline for free confidential advice, follow this link for more.........
http://www.nationaldebtline.co.uk/

Good luck x