Credit Card Debts, Vanquis & Barclays

[PeteN]

My crisis is as follows,

 

 

I have two credit cards with two different companies, Vanquis and Barclays.

 

Vanquis has gone over limit and now got a debt collection agency sending me letters.£3000+, of which I have been unable to pay since August.

 

Barclays has just applied late charges and will soon most likely be the same as Vanquis. £5,900+,

I haven't contacted them yet, as I know they will proberly reject my offer as vanquis has.

 

I offered vanquis £10 per month because I'm about to move into shared accommodation as my relationship fell apart after 7 years,

she now has a brain tumour after battling Skin cancer.

 

 

Obviously this has nothing to do with debt but it also shows that when banks are told your personal issues

they just say you need to contact a consolidation company.

 

I have been told there is paper work that I need to send both companies,

one that can request the debt be written off because my financial situation has no sign of improving and will never be paid off.

 

 

And also another more likely option for me,

is to make an offical realistic offer that I'm happy with, like the £10 per month

and they'd have to accept it or take me to court,

in which case I would still be in the same if not worse financial situation as a result.

 

I'm losing sleep because I don't know what to do or how to actually get out of this nightmare I've got myself into trying to have a better life.

 

I've lernt my lesson, but I still pay tax, I'm selling my car and moving into a crap hole to try and pay off my debts,

I just need breathing space to do it, not be tied to a penny pinched budget that the courts say I should be living because a consolidation firm says so?

 

Am I crazy to think theres no way out?

 

Any advice would be very appreciated, Thanks for your time people.

 

Pete Nash.

Edited October 5, 2014 by PeteN

[Guest]

welcome to cag

 

others will no doubt look in to help just now.

 

 

in the mean have a read around similar threads etc,

 

 

including the blogs etc re dealing with debt.

 

first thing though, try not to lose any sleep. they are not priority,

 

 

and can be dealt with. including any dca harassment.

 

charges could be claimed back. any missold ppi to claim back?

 

ps, it is wrong for them to tell you must go to a dmc.

 

 

you are entitled to do things yourself,

 

 

and they must accept such and take into account financial difficulties etc

[PeteN]

Thank you Ford, I know it's stupid to lose sleep when I can't do anything at night, just the human condition I guess.

[maroondevo52]

Hi,

 

How old are the cards and do you have all your statements for the accounts.

[dx100uk]

god please don't go with fee paying debt management companies

 

 

they fleece you blind.

 

 

quite honestly the cards and all NON priority debts come VERY LAST

 

 

don't make radical life changes to pay off non priority debts.

 

 

no-one can do anything to you - they cant get blood out of a stone

 

 

its YOUR MONEY you CONTROL IT.

 

 

you TELL THEM WHAT THEY ARE GOING TO GET.

 

 

TELL [dont ask] them they are only going to get £xxPCM for xx mts

as a goodwill gesture

and as a reciprocal GOGW they must freeze int & refrain from levying PENALTY charges.

if they wont

drop them to £1PCM for life.

.

as an example>

.

I am currently in financial difficulties and not able to meet my normal monthly repayments.

to show my goodwill, i am going to pay £5 for 6 mts.

 

i will update you in 6mts time or before, should my situation change.

.

could you please as a reciprocal goodwill guesture,

.

refrain from levying any penalty charges & freeze the interest on my account.?

.

Should you fail to assist me during a period of financial difficulty, contrary to all the guidelines and codes

issued by the relevent bodies and authorities that govern you and the way you conduct yourselves.

.

i shall have no alternative but to reduce my offer to £1PCM for the rest of the life of the account,

.

.

as your actions would do nothing to help me.

.

i thank you for your time.

..

.

dx

.

then pay by your internet banking site

.

and get reclaiming

.

TAKE CONTROL

.

or

if you have sent the above and they refuse

then write back........

.

.

i'm sorry, but you have failed to assist me during a period of financial difficulty, against all the guidelines and codes

issued by the relevent bodies and authorities that govern you and the way you conduct yourselves.

i repeat again, the contents of my letter dated dd/mm/yyyy, for want of clarification:

to show my goodwill, i am going to pay £XX for XX mts

could you please as a reciprocal goodwill guesture, refraining from levying any penalty charges & freeze the interest on my account.

i will update you in 6mts time or before, should my situation chance.

should you fail to help by refraining from levying unlawful PENALTY charges & freeze my interest,

i shall have no alternative but to reduce my offer to £1PCM for the rest of the life of the account,

as your actions are doing nothing to help me.

This is contrary to the rules you should operate under.

disgruntled account holder

dx

[PeteN]

... Wow that seems so easy, why doesn't everyone know this?

 

I've had the cards for about 3-5 years Vanquis and 2 years barclays. I don't have all if any statements because I chose paperless and never kept the emails. I surpose my online access will show passed statements?

 

Thank You Both for responses.

[BRIGADIER2JCS]

... Wow that seems so easy, why doesn't everyone know this?

 

I've had the cards for about 3-5 years Vanquis and 2 years barclays. I don't have all if any statements because I chose paperless and never kept the emails. I surpose my online access will show passed statements?

 

Thank You Both for responses.

 

 

"People" in general are still not aware of their rights when it comes to unsecured credit such as credit/store cards/ catalogue debts

PPI to reclaim + penalty charges?