Would be grateful for advice.....
I ran up a c/c debt of around 9,700 from a card that I had originally on a 0% agreement (this was a balance transfer from another card).
The plan was to transfer this again when the interest kicked in.
Unfortunately when this time came I could not get another card to transfer the balance
(this was on affordability as my credit rating was excellent at this time).
I was making the minimum payments on this,
however b/card kept increasing the interest until I could no longer afford this.
I did contact b/card to advise of difficulty and an offer of £50.00.
They weren't interested and advise me to pay the minimum amount so I would not fall into arrears.
I then stupidly buried my head in the sand and stopped paying,
it just felt like I could never repay this as for each £200.00 I paid most went back on in interest.
It's eventually ended up with Link financial who I have ignored.
I got a letter on 12th December 2014 this was a 'letter of action' asking me to pay £10,789.24 in 14 days.
On 15th January I have received a claimform from IDR for £11704.25 (this is the balance owed with 8% interest) plus £410.00 court fees.
I don't have a defence for the debt,
I do claim responsibility,
however I am currently trying to get a lump sum together from friends/family to try and settle this.
I am worried about the effects of a CCJ on my employment,
although there is nothing in my contract to back this up I work under the 'financial' area of the business and own a company c/c.
I want to contact IDR to see if I can avoid this route and to get some time to try borrow money but do not want to do this via phone,
I can't find an email contact for them and do not have much time to send anything via post.
I know I have brought this on myself by not facing the facts sooner, but is there anything I can do to delay/stop/change proceedings?
I know I owe the money so don't want to dispute that,
I suppose I want to try resolve this without court action
- something I know I should have done a while ago!
I have spoken to stepchange who have done me a financial statement saying I have £70.00 surplus
as an offer to them should I end up accepting the CCJ .
Don't know what to do now.
Thanks in advance