Help! - Serious threat of court action from 1st Credit

[mojo8]

I've received a letter from a creditor giving me 7 days to pay a £1,000 debt. Failure will result in court action, being either CCJ, getting an attachment of earnings, charge on property or even bankruptcy. What can I do? I've offered to pay monthly but they refused to accept this. They noted on my file I refused to give my employers name but would not note my reasonings behind this. I wasn't after sympathy, just understanding that yes I am stupid for getting into debt, but that I have finally admitted to my problem and now trying to resolve.

Please, can somebody offer me some serious advice, I do have bad credit, but feel am getting back on track, I even prevented the repossession of my house last year, but this has now totally deflated my will to live!!

thanks

[saintly_1]

Hi and welcome to CAG

You could try sending them this letter Creditors and DCAs - Letter Templates & Budget Planner Letter D.

Also If you start a thread in the Debt forum You will get replies from people who have more experience than me in these matters.

The Debt Forum can be found here

Hope that helps

saint

[mojo8]

Can anybody help me?? I have a debt of £1065 orignally with lloyds TSB but apparently now past to 1st Credit. They are refusing any sort of payment plan and say if i fail to make a full payment within 7 days they will proceed with court action. The threats ranging from bankruptcy, a CCJ, charge on my property of contacting my employees. None of these I want. I do have seriously bad credit, however, have finally managed to arrange payment plans and thought i was on the road to recovery.
I know it's all my fault, but now I feel i'm about to lose everything and I have an 11 month old baby boy to care for.

HELP!!

[havinastella]

First of all, DON'T panic.

I would advise that you enter 1st credit into the search bar and see what other people in your position have done!

Is it a Credit card or Personal banking matter?

Someone will be along soon to point you in the right direction!

Jogs

[mojo8]

It relates to personal banking. I was going through a difficult patch and direct debits etc kept getting returned. So the majority is bank charges. I eventually spoke to Lloyds back in Nov 07 and they agreed a £1,000 overdraft on the condition that I start to repay on a monthly basis. I couldn't meet the payments, so interest kept getting added, plus as it was a select account I kept getting charged the fee of £5 per month. I then changed this to a basic account ro stop the fee.

I cannot recall receiving any notification from Lloyds to say it was being assisgned to 1st credit, hence I was surprised to receive their letter, and how nasty they were on the telephone.

I have delved a little deeper into the forum and read some of the comments etc, and obviously will appreciate any help. I've got to say I'm glued to it at the moment and find it immensely interesting. I'll never get up for work at this rate!!

[PGH7447]

Hi Mojo8, if this is a bank account and the major part of the debt is l unfair charges, then start by sending Lloyds a Subject Access Request request to get all your statements from them, then apply to reclaim the said charges, by requesting this info which they have to supply within 40 days this will head off 1st Crudit at the pass, you can also send 1st crudit an account in dispute letter stating that you are waiting for the bank to refund said charges.

All these letters can be found in the templates library

http://www.consumeractiongroup.co.uk...lates-library/

Remeber never talk to these people on the phone, never sign the letters to 1st Crud,

I am sure other more informed people on here can offer even more and better advice

[mojo8]

I have received a letter from 1st Credit relating to Lloyds TSB. The debt I owe is £1065.81, being £1,000 agreed overdraft and the £65.81 being charges on the overdraft, mainly interest charges. Please also note that the £1,000 overdraft is also down to bank charges.
I have at present put a claim into the small claims court to reclaim my bank charges from Lloyds and just waiting to hear on the next step, however, is there a Template Letter I can send to 1st Credit. Their letter stated the following: -
Our client has advised us that the above sum remains unpaid. Our client has therefore instructed us to take the appropriate action to recover this debt. Please take ths opportunity to make payment.
Before I registered onto this site, I did telephone 1st Credit and I have to say they were most obnoxious, rude and unsympathetic, and threatened me with all sorts of action. I have though since calmed down from reading similar situations on the site, but for peice of mind I need to know what to do next as I don't want to just ignore this.

Thanks in advance for anybody who can help.

[maroondevo52]

Hi, mojo8.

You could try sending them this..........


ACCOUNT NUMBER: XXXXXXX

Dear Sirs

Re: Account in dispute

I am writing to clarify that I am currently in the process of requesting a refund of bank charges unlawfully made to my account.

I need to make you fully aware that I am disputing the sum owed and, as such, you must refrain from any further action until this dispute is fully resolved.

If you proceed by making any adverse comments on my credit reference files, I shall be forced to take legal action against you under the Data Protection Act 1998.

Yours sincerely,


**edit to suit**

Remember print your name, don't sign it.


Regards.

Scott.

[citizenB]

And dont ever speak to them on the phone. All communication in writing. xx

[mojo8]

Many thanks for the info, will send the letter today with no signature and I'll let you know more if and when I get a response.

[MARTIN3030]

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