Credit Security Ltd Re Barclays Bank advice needed please

[maud26]

Hi all

I have recieved a demand for payment from Credit Security Ltd regarding an outstanding overdraft amount of £1666.66 with Barclays. The letter is a standard demand but says 're: Wescot Credit Services Ltd - Barclays Bank Plc' - does this mean that Credit Security are one and the same as Wescot??

As well as demanding payment it threatens that a collection officer will be instructed to call at my home if payment is not made, is there anything i can do regarding this debt as my husband is currently out of work and i am off sick after suffering a stroke. I am trying to plough thru all the paperwork i have avoided for the past few months but am becoming more and more depressed!

thanks

maudy xx

[42man]

Hi Maud.....are there a significant amount of penalty charges on the account as far as you know ?

[maud26]

Hi

No only approx £120-£150, its been outstanding for approx 4 years now.

I reclaimed my bank charges and they settled out of court but its still left this amount

thanks

[the_shadow]

maud26,

 

If you want immediate relief and a bit of breathing space get in touch with CAB or a.nother charity debt organsiation and then advise credit security Ltd that you are seeking help and advise them that they should hold all collection duties for 30 days as per the new government agreement with DCA's.

 

At most if you have no income coming into the house you should only be repaying £1 out of benefits / SSP, CAB should be able to help but if not we can advise on some letters to send them but unfortunately they tend to react quicker and better to the charitable organisations.

 

S.

Edited June 8, 2009 by the_shadow
terrible grammar and incorrect wording... schoolboy errors really :-(