Hi all,
I've been reading the forum and I do like the no nonsense non judgemental approach.
I have been living in Spain for over 7 years, all fully legal here.
I have a personal loan with First Direct, initially for £20,000 but now its down to £10,000.
Problem is my income has dropped dramatically and I can't see it increasing in the near future, I'm struggling to keep up the payments on this debt and I was curious what First Direct could do if I just stopped paying?
They have my current address in Spain, it's a house we own with a mortgage on it. This isn't how I would like to do things, but when I have contacted them to discuss changing the payments they have been surprisingly unhelpful.
I'm just exploring my options at the moment and any advice would be appreciated.