I have never done anything like this before so to send it to the OFT what will I say? They seem to be full of empty threats but you never know with these people.

Hi there. I need some help regarding NDR and MHB. are these 2 companies based in the same building ? I have recieved countless amounts of emails (which go to my junk folder) for the past 2 months. I started to pay back my debt to them at £50pm but as had a cut in hours at work I could not afford to pay this amount any longer. I forgot about the payments as I hadnt heard anything from them and now I have received and email into my inbox (for the first time) as below: Ref: Speed Credit – Speed Credit Loan*** / .... Dear Miss ..... You need to start making payments as a matter of urgency. It is quite simple. The more you pay and the more quickly you make payments the more we will be able to drop the fees that have been added to your file. You currently owe including all fees 963. This will CONTINUE TO RISE as it goes to your Local County Court via Marshall Hoares Baliffs. We would prefer to come to an amicable arrangement so we suggest that you INFORM US TODAY OF THE AMOUNT you will be able to pay and when. Any payment offer which is too low will simply lead us to go automatically to Court to secure repayment of the debt. We will apply for a Warrant to seize goods or an attachment of earnings. WARNING: This judgement will affect your permanent credit file shared by all lenders, affecting your ability to borrow in the future. Remember, the more you pay and the more quickly you pay it, the less work we need to do in monitoring your file and therefore themore we can reduce the fees added. Act now and we will be able to stop your credit file suffering any further. If we DO NOT HEAR from you today then we will have no option but to take this through your local County Court. We will seek a Warrant of Execution to instruct Bailiffs to seize goods and seek an attachment of your earnings. You will be liable for full fees and further Court and Bailiff costs. Act quickly to avoid extra costs. Yours faithfully Sabrina Collins Support Marshall Hoares Bailiffs Telephone: 0843 381 1111 (219) Can anyone suggest what I should do? as if I make an offer they dont agree with they will just send it straight to court? P.s - the original loan amount was £400 and to date i had made payments of £196. Thanks guys