Debt Advice – £12,000 loan
I’ve got a £12,000 loan with HSBC which I’ve been paying for the past 24 months. Following being made redundant in September last year, I was unable to keep up with the re-payments. After 6 months of unsuccessful negotiations with HSBC via the Citizens Advice Bureau, HSBC have now referred this case to their ‘in house’ debt collection agency (Metropolitan) I believe they...
Read MoreDebt advice – settlement offers?
A few years ago I applied for 2 credit cards and a loan, I was given more than I could pay back, and I was too busy enjoying myself to realise…bad bad idea. Anyway, for the last 3 years I have made small payments to the 3 companies, and this isn’t likely to change as I don’t earn much. For example, I pay £10 a month on a £3000 debt. The interest has been frozen on these...
Read MoreSerious debt advice needed?
I need some much needed advice, I had a fashion catalogue which I always paid but since losing my job its been hard to make the payments and they have threatened me with visits from bailliffs can anyone advise me if the are allowed to do this as I was told that they cant for this kind of debt. any help will be very appreciated. Answer In theory no they can’t, they have to take you to court...
Read MoreCan anyone give me some advice on debt?
My son has recently started getting letters demanding payment for a debt that is approximately 11-12 years old. So he has been told…. He has no idea what this is for and the previous debt collection office couldn’t tell him so he asked them in a telephone call to provide this information. They have not responded and he has now received the same demand from another debt collection...
Read MoreHow can I solve my debt problems and get a mortgage?
I currently live in council accomodation with my husband and 3 children. We both work but cannot get a mortgage as we both have debt problems. I desperately want to change our situation and get on the housing ladder but I need to solve my debt problems. Any tips would be great. I currently have a repayment plan but it is going so slowly at this rate I'll be paying it off in 15 years...
Read MoreWhat happens to a debt incurred overseas?
I am based in the uk and am a uk citizen. I incurred a debt in usa through a timeshare purchase – will the debt collection agency take me to court here? Will they send bailiffs? Will a uk court order me to pay? I have explained to the timeshare company my financial situation; I have never used the timeshare and hoped they might just sell it on – no such luck! If they do business in UK...
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