New Dawn.Avant Card have indicated they are going to pass my debt on. They are in the process of sending out a lot of portfolios at present they say. Fudged questions of to whom, when, is it a maybe or a definite. They offered a deal of 50% reduction on outstanding debt of 8,ooo but I can't make that up. I have been paying religiously each month but on a lower payment - that I decided I could afford. They weren't impressed but they told me to keep paying which I did but its now gone into default - I think that's the term.
Do they have to tell me who they plan to sell my debt to or will I only know when I get a phone call or a letter from this new crowd? Some other poster thinks Cabott Financial has bought their debt. If so..will they automatically pester for more money? Are they open to a settlement and are they more or less likely to accept something smaller that 50%. To be honest I could borrow maybe 2000 but thats the absolute limit ...whats the likelihood that would get me out of this? I just cant bear the grief that lies ahead with this new company.Thanks- I'd appreciate any advice.
Firstly, don't fret. Send them a letter telling them of the agreed amount last year. Even if you are brought to court just explain your circumstances to the judge and you will be fine. No judge will side with anyone who has set an agreement in place.I'm terrified now that they will take us to court. Feel sick already, and I haven't even contacted them yet
Do they know about it ? Who owns this debt - you only ? Firstly don't mention it ever in correspondance. Secondly, have you any equity in it or have you just handed it over to ex ? Either way I think you should be OK.Actually I'm separated now and living elsewhere but there is a family home in the picture with ex
To me its profiteering . If they think I'm paying them 9k for something they may have bought for 10% they are seriously mistaken. It's disgusting.
Your missing the point. I was repaying it to the people who loaned me the money as I have with all my debts. I had no arrears for 12 months.
I'm not paying 9k to someone who didn't lend me the money and bought it for very little. It's profiteering in its worst sense.
Your missing the point. I was repaying it to the people who loaned me the money as I have with all my debts. I had no arrears for 12 months.
I'm not paying 9k to someone who didn't lend me the money and bought it for very little. It's profiteering in its worst sense.
Anyway what you want I couldn't give a continental you know what !!
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