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Dear Blaggers,
I'm after a bit of advice in advance if you can help?
To cut a long a long story very short I have an outstanding debt with LloydsTSB for £5600 that I fully accept is mine.
I negotiated with LloydsTSB to pay £75 a month (should have been £246, this went on for a couple of years) but now they have passed me to these lot!
After getting what sounds like the standard letter from the 'Pre Court Division' I went to the CAB website and filled out the budgeting forms. It calculated I could afford just £25 per month which I would be happy to set up a direct debit to pay on the 23rd of the month when I get my salary, (result)!
I sent this off together with the CAB offer letter template (recorded delivery).
This has since been delivered and signed for by someone with the surname Moorcroft, (family company)?
Now bear in mind I sent this off on the Friday, after getting their letter on the Thursday and got a call at 8:30am on the Monday.
The person on the phone didn’t know about the letter and was phoning on the off chance I presume. So I explained what was contained in the letter.
After first asking for my card details for full payment there and then (lol) they accepted my offer of £25 per month if I could make the first payment today, no problem.
I gave them my card details, £25 was taken from my account, they set up the direct debit and said they would review it in 2 to 3 months time.
I have since received a letter from them setting out my repayment plan that stretches till 2029.
Now I don’t want to seem blasé about this, I know 19 years is a long time to pay off a debt but I am quite happy to pay £25 a month for as long as it takes...
So my question is how do I deal with the inevitable phone call(s) that will come a couple of months from now? How do I best phrase that I WILL NOT increase my payments for as long as the debt lasts?
Any advice would be most helpful!
Many thanks,
TC
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Visitors to the site are reminded that the details contained within user comments are uncorroborated and as such should not be read as fact but as the opinion of the person who left the comment.
Comments:
I'm after a bit of advice in advance if you can help?
To cut a long a long story very short I have an outstanding debt with LloydsTSB for £5600 that I fully accept is mine.
I negotiated with LloydsTSB to pay £75 a month (should have been £246, this went on for a couple of years) but now they have passed me to these lot!
After getting what sounds like the standard letter from the 'Pre Court Division' I went to the CAB website and filled out the budgeting forms. It calculated I could afford just £25 per month which I would be happy to set up a direct debit to pay on the 23rd of the month when I get my salary, (result)!
I sent this off together with the CAB offer letter template (recorded delivery).
This has since been delivered and signed for by someone with the surname Moorcroft, (family company)?
Now bear in mind I sent this off on the Friday, after getting their letter on the Thursday and got a call at 8:30am on the Monday.
The person on the phone didn’t know about the letter and was phoning on the off chance I presume. So I explained what was contained in the letter.
After first asking for my card details for full payment there and then (lol) they accepted my offer of £25 per month if I could make the first payment today, no problem.
I gave them my card details, £25 was taken from my account, they set up the direct debit and said they would review it in 2 to 3 months time.
I have since received a letter from them setting out my repayment plan that stretches till 2029.
Now I don’t want to seem blasé about this, I know 19 years is a long time to pay off a debt but I am quite happy to pay £25 a month for as long as it takes...
So my question is how do I deal with the inevitable phone call(s) that will come a couple of months from now? How do I best phrase that I WILL NOT increase my payments for as long as the debt lasts?
Any advice would be most helpful!
Many thanks,
TC
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