Jump to content


Regarding Catologes


Helpmeeee
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4119 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hello, didlt know what section to put this in but need your help please.

 

I currently have around 6 catologes (silly i know, but was new to the whole idea so ordered christmas presents etc)

 

Anyway i have untill september to pay them off but i dont think i will manage i owe around £2400 in total i used the buy not pay back in 12 months...

 

 

I guess what i want to know is, what will happen on failure to pay back ??

 

Do i need to worry about it? as its really making me depressed. Thanks

Link to post
Share on other sites

hi

 

welcome along

 

moved you to the cat forum

 

stuff here to read too

 

they are very low priority

 

are these all new accounts?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

hi

 

welcome along

 

moved you to the cat forum

 

stuff here to read too

 

they are very low priority

 

are these all new accounts?

 

dx

 

 

Thanks mate, and yeah they are around 2-3 months old? Total payback is around 2400-300 by september..

 

But i took them out when i was working properly but i am currently under going an apprenticship within the NHS so only on a small sim of £400 per month, this has to pay £60 phone bill and £200 car bills per month leaving me with around £140 spare

Link to post
Share on other sites

[un]luckyyou atleast less thanmine

 

p'haps the future will help

 

but i;d leave doing anything till nearer the payback time

 

that way it gives you a buffer to get excuses if need be worked out

 

they will accept low payback

 

have a read in this forum

 

just remember DCA's or NOT bailliffs and have NO suchLEGAL powers

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

Do you have your payments set up on direct debit, or do you pay when you receive the statements ?

 

It is not a lage sum in the grand scheme of things, but you will need to set up repayment plans with them.

 

As dx has said, they are low priority debts so you need to sort out a budget sheet - I have attached one below for you. Work out what your disposable income is then you can see how much you have left to offer as token payments. There is a letter in the CAG library, at the top of each screen. You will need to write to the companies and advise that you are no longer able to make the contractual payments and make your offer.

 

As these accounts are so new, I think you might need to speak to one of the Debt Counselling charities give National Debtline a call.

 

Ellens Budget Sheet.xls

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

Link to post
Share on other sites

Hi, Dxs advice is spot on here,

 

there a some things to be aware of,

 

the catalogue companies are pretty quick to default accounts,

 

sell them off to debt collection agencies,

 

should this happen to all six of your accounts there is going to be a massive blot on your credit profile for 6 years

and you will not be able to obtain any form of credit,

 

then you will need to totally rebuild a credit profile over at least another 3 years.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...