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Showing results for tags 'token payments'.
Although the information here may in some way apply to my circumstances, I am hopeful that the discussion will prove useful to others. I am attempting to ascertain the rules/law regarding the receipt of offers by a bank (or other financial institution) both before and after a default is registered on an account. So some questions that will hopefully help with the discussion: If a bank is sent an offer from the debtor for monthly payments on a debt that is not in default, with the first payment attached via a stapled cheque made payable to the bank, and the bank removes and ca
I have debts of about 22k for which I have been paying £1 pm token payments for several years. I also owe HM revenue for overpayment on Tax Credits but they have agreed to hold back on pursuing for payment as I am 65 and only income is Pension. I would appreciate thoughts on whether I should file for Bankruptcy or can I continue to make token payments forever.