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EGG - ARC Europe Ltd help.

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Hi There


I owe £11k to Egg that I racked up on one of their credit cards.

Unfortunately when the credit crunch hit I lost my job, and since then have not been able to pay it back.


I consulted the CCCS and provided Egg with an income/expenditure and have been making token gesture payments of £1 per month.


The debt has been passed to Arc Europe Ltd.

I sent them a letter offering £1000 as full and final settlement of the debt. (Yes, very cheeky considering how much is owed).

They refused to even send that offer on to Egg.

Surely its not up to ARC to make that call ?

Its up to Egg to consider any offer ?


I've just received a copy of the credit agreement from Egg, which coincided with another letter from Arc.

This time mentioing that they would go to the court to get a charging order on my property.


I'm not sure what action I need to take next.

I'm back at work, but still cant afford to meet the minimum payments, or anywhere near it, as I have a host of other creditors to keep satisfied.


What do I need to do with the credit agreement ?

What am I looking for ?

is it worth getting it looked over by a solicitor ?


Any advice would be appreciated.

I must confess, I find the whole thing very daunting, and after 2 years of this I'm beginning to cave in and give up !

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