'Thank you' scarcely seems adequate - but I really do appreciate your help and advice. I will act upon it and let you know the results. Bless you all!

Some of you have mentioned CCA's and PPI's - I have no idea what those are so, no, I have not sent any to Ist Credit. I can't thank you all enough for your help and advice - they are making my life a misery with all their threats - I haven't dared to leave the house for days in case they send bailiffs to break in. This is all my own fault, but i am trying to sort it out. Thanks again.

I have never had a statement from them, so I am not even sure if they are charging me interest on this.

Thank you - here are the details:- Hello again, The first letter I had from 1st Credit was in June 2006. This was to notify that they had taken over my loan from Lloyds TSB, the balance of which was £10,888.24p. They said that if I wanted any proof of this it would cost me £5.00p Administration fee. (This was originally a secured loan) I contacted them, by telephone, and offered them £50.00p per month which was an affordable amount. They refused point blank, saying that they could not accept anything lower than £150.00p per month because the balance was so substantial. I explained that I was retired and living on a pension - but their response was less than sympathetic. They had, apparently checked with the Land Registry, and found that I now owned my house - so their suggestion was that I should either remortgage or sell up, otherwise they would put a ‘charge’ on the property. I agreed to set up a Direct Debit for £150.00p per month, although I knew this was likely to cause me further financial problems. I was too scared to do otherwise. In September 2008, they contacted me again, by letter, asking me to increase my instalments. The balance was down £8,903.24p, but, although I have never missed a payment, they said that it was not reducing quickly enough, and wanted permission to increase the Direct Debit. I refused because I honestly could not afford this. In January 2009 I received another letter - thanking me for my regular payments - and asking me to telephone them to review ‘my case’. I tried emailing to the address on their letterhead- but it was returned by Mailer Daemon as invalid. The last paragraph of the letter said, “If we do not receive a reply to this letter we will assume that you are unwilling to undertake the agreed review and will be forced to consider our options. This may involve legal action, and ultimately result in a charging order against your property.” This really did scare me - so I telephoned them. They wanted to increase the monthly payments - but I explained that I could not commit to any increase until after I had received this years Council Tax Demand, as I knew this was to be increased. They agreed to leave things in situ until after April 1st. Now I have had two voicemail messages saying that I have to call them and agree to increase my payments to £250.00p per month or they will take further action. I am not denying the debt, and I am doing my level best to clear it, but I honestly cannot afford to increase my payments. Balance now stands at £8,303.24p. Sorry this has been such a long post

Are you really sure ? It would be wonderful if that were true.

Hi, I am new here - so if this query is not in the right place - please redirect me. Some time ago I had a bank loan with LLoyds Bank which would, presumably, have been secured on my house. In 2004 I retired from work, and have had great difficulty in adjusting to life on a pension. I admit that I am not a good money manager and have, consequently, fallen into arrears. LLoyds sold my debt to Ist Credit about a year ago, and it was agreed that I should repay it at £150:00p per month. Although this has caused considerable hardship and landed me in trouble with other debts, I have managed to pay them without fail each month for 12 months. Now they are saying that this amount is not enough as it will take too long to recover that the debt - they are demanding that I increase my payment to £250:00p per month or they will take action. Can they do this? I have tried to explain that my income will just not stretch that far - but they do not listen. As the original loan was secured can they force me out of my house ? I am at my wits end to know what to do about this. Please can anyone help?