ArkaneArkade
Member
- Joined
- Feb 9, 2011
- Messages
- 11
- Reaction score
- 0
Hey all,
I'm looking for some advice. I'm really not good with money things, and now I'm being threatened, and I'm getting really quite worried.
I went to Uni years ago, and got myself a hefty overdraft (£2000), interest free, which I ended up maxing out. I was repaying it, cut it down to £1500, and then managed to pay the whole thing off.
A couple of years ago a 'friend' took some money out of my account and put me back into the overdraft. By this point I was in a very low place, on JobSeekers, and the overdraft got used. Once I was in deep again I got a letter from my bank that they were increasing the interest on my account, and things really began to pile on. I went to CAB and they got my account frozen for me. The bank however refused any repayment plan, and passed me onto a collection agency.
After a bit of argument with the collection agency, I got passed on to a collection agency (Yup, the first got nothing so they passed me on instead).
When I was contacted by the new agency they wanted me to pay them £1900ish, and that would be it. When I explained that I most certainly did not have anything of the sort, I was told that it would be £2300 on a repayment plan of £50 a month. I said that I couldn't afford that, and would have to get back to them regarding my finances.
When I next spoke to them, after my payday I explained that I couldn't afford anything of the sort. I'm single, living on my own with extortionate rent (another story), have bills to pay, and have child maintenance that I should be paying. My daughter is now 2 months old, and as yet I have never paid anything towards her as I can't afford it. Her mum has been very understanding, but still it makes me feel crap doing nothing for her.
I tried to explain these situations to the Debt Collectors, and they said they would revise the payments, after I'd made the first payment of the £50, and the following months one too since they were delaying it.
Now this morning I have had a call from them again, telling me I need to pay the full amount. Because I told them I couldn't pay them that when I got paid, they have dissolved the agreement.
As I said I'm living on my own, and only in part-time employment: 16-20 hours a week, at £6.25 an hour. I am looking for a better job, but obviously it's not easy. With my rent and bills I am already down to very little money, and that's before travel and food costs. I calculated everything in an excel spreadsheet, and according to that I'm going to need another £10-£15 a month to have nothing, without being threatened by collectors.
Now I have no doubt there are many people who have been in the same or worse situations, so I'm looking for any advice I can get. If anyone can tell me anything at all, it could really help me out.
I'm looking for some advice. I'm really not good with money things, and now I'm being threatened, and I'm getting really quite worried.
I went to Uni years ago, and got myself a hefty overdraft (£2000), interest free, which I ended up maxing out. I was repaying it, cut it down to £1500, and then managed to pay the whole thing off.
A couple of years ago a 'friend' took some money out of my account and put me back into the overdraft. By this point I was in a very low place, on JobSeekers, and the overdraft got used. Once I was in deep again I got a letter from my bank that they were increasing the interest on my account, and things really began to pile on. I went to CAB and they got my account frozen for me. The bank however refused any repayment plan, and passed me onto a collection agency.
After a bit of argument with the collection agency, I got passed on to a collection agency (Yup, the first got nothing so they passed me on instead).
When I was contacted by the new agency they wanted me to pay them £1900ish, and that would be it. When I explained that I most certainly did not have anything of the sort, I was told that it would be £2300 on a repayment plan of £50 a month. I said that I couldn't afford that, and would have to get back to them regarding my finances.
When I next spoke to them, after my payday I explained that I couldn't afford anything of the sort. I'm single, living on my own with extortionate rent (another story), have bills to pay, and have child maintenance that I should be paying. My daughter is now 2 months old, and as yet I have never paid anything towards her as I can't afford it. Her mum has been very understanding, but still it makes me feel crap doing nothing for her.
I tried to explain these situations to the Debt Collectors, and they said they would revise the payments, after I'd made the first payment of the £50, and the following months one too since they were delaying it.
Now this morning I have had a call from them again, telling me I need to pay the full amount. Because I told them I couldn't pay them that when I got paid, they have dissolved the agreement.
As I said I'm living on my own, and only in part-time employment: 16-20 hours a week, at £6.25 an hour. I am looking for a better job, but obviously it's not easy. With my rent and bills I am already down to very little money, and that's before travel and food costs. I calculated everything in an excel spreadsheet, and according to that I'm going to need another £10-£15 a month to have nothing, without being threatened by collectors.
Now I have no doubt there are many people who have been in the same or worse situations, so I'm looking for any advice I can get. If anyone can tell me anything at all, it could really help me out.
