Help needed

[mighty sword]

I need some urgent advice

 

I stupidly got involved with some payday loans / cheque writing i.e. Moneyshop, Poundstill Payday etc as I was helping a family member out, ironically, with debts from different kind of sharks.(human ones - gangs)

 

The upshot is that I went over and above my overdraft limit and more and more. I got a call from Natwest collections and I arranged a 6 month payment plan - which was all good as it was around £300 per month, which I can just about afford. However my mind was in such a state during November / early December due to the situation that I had forgotten a further two cheques which I had written. To my horror I saw them coming through on my online account. I immediately called them to let them know and pleaded with them to allow me another payment plan. Unfortunately, this was not allowed. I now have 28 days in which to pay up the lot- £2,500 - otherwise my account is to be closed and a CCJ / Default notice against me

 

 

 

I called CCCS for some practical advice, and they advised me to walk away from NatWest. This is not an option.

 

I can't afford to go to another bank for a variety of reasons (mainly personal ). Let's just say that my marriage could be at stake if my account were to close.

 

CCCS said that there is the possibillty that I can try and negotiate again with collections - to pay the whole thing over 3 months (which I would just about do, using the majority of my wages) - has anybody had any experience of this actually being succesful?

 

I also have the offer of up to £1000 10 month loan from the Credit Union but unfortunately cannot find a suitable guarantor at present which is very frustrating for me, as this, coupled with my next month;s wages would just cover it.

 

Does anybody working at NatWest know whether this would be viable?? any constructive help / practical suggestions at all would be gratefully received

 

 

Here's hoping.

[mighty sword]

Just to follow this up, and for anyone else in a similar predicament with the bank - I called up my local natwest bank manager who essentially said that there wasn't a huge amoount that they could do - but he did give me some tips on what to say - i.e. come clean and appeal to their better nature. And he said to use their current key PR phrase 'treating customer's fairly' into the conversation.

 

So I called them back, and, using the key phrase, somehow managed to talk them round to a 6 month plan!

 

I am flabberghasted to be fair, because yesterday it looked as if that was that

 

So for anyone who perhaps has had the 28 day threat with Natwest, all is not neccessarily lost. If you do have the funds to cover the debt then you should call them back and negotiate.

 

Worked for me!! more than happy now.

[loobyloo85]

Im glad to hear that MightySword - a lot of the time they do make empty threats as a tactic to get the full amount back straight away. It also depends on whcih staff member you speak to, and if they want to take their frustrations out on you