This loan originally for £4079 (including Optional Loan Repayment Insurance), defaulted in 1993, and token payments have been made ever since.
The balance, stated as £3267, was transferred to Idem about a year ago and since then I have been paying them the £20 a month I was previously paying to Lloyds.
They are now requesting a review of my financial situation and asking for very detailed information.
I decided to request a final settlement figure from them, to which they replied asking me to propose an amount and still asking questions like 'what would be the source of funds' and 'what other debts do you have'.
I would be willing to pay £1500 but am not prepared to answer these questions which I think are irrelevant. Also, if they persist in asking for personal information, what would be the consequences of not complying and either stopping payments altogether or continuing with the previously agreed payments.
My questions are what course of action is it best to take, and what's the worst they can do to me if I don't cooperate?
After 24 years I just want an end to it all!