Down on my luck :-(

[paganpete101]

Hi all, hope you are fit and well!

 

I have recently lost hours at work and are now part time, this means I can no longer afford my bills - I have written to my creditors offering a pro-rata payment (have sent a income/expenditure form also to each of them).

 

I used a template letter from the library (offer payment/stop interest etc etc).

 

I got a reply from Cap 1 asking for my bank statements (which they will not get - cheeky sods!)

 

I just got a reply from argos (my argos card) stating:

 

As a reuslt of financial difficulties you are currently experiencing we have blocked your account from making purchases until further notice.

 

Please note that if you fail to maintain minimum payments on your account we will have to report this to credit reference agencies and it may affect your ability . . . etc, etc!

 

No mention of the pro-rata payment or interest stopped or anything - any idea what I can do from here? Plus I would not be using the card again - pointless adding more debt on - silly sods!

 

 

Many many thanks!

[rebel11]

Hi pag

 

Have a read of 6 and 7

in my sig.

[paganpete101]

Thanks rebel

 

link 7 does not work

 

I am not worried as I have had help before from all at CAG I just do not know how to respond to their letter

 

Ty

[paganpete101]

Do I just send them the same letter again that I sent first time in the hope of a different answer???

[rebel11]

Hi pag

 

http://www.consumeractiongroup.co.uk/forum/content.php?590-Creditors-and-DCAs-Letter-Templates-Budget-Planner

 

Do I just send them the same letter again that I sent first time in the hope of a different answer???

[paganpete101]

Hi Rebel - I sent them letter B (the pro rata one) and the above (top of post) is the response I got

 

Not sure what to send them now??

 

TIA!

[rebel11]

Hi pag

 

Send it again, but make reference to the fact that they haven't responded to your actual letter, but instead have sent you a 'Template Letter'.

[paganpete101]

Ty Rebel - will do

[paganpete101]

Well, had a response from them at last, - basically acknowledging my recent letter and to call them in BIG CAPITAL LETTERS IMMEDIATELY....

 

They will not accept my original offer (saying it is unnacceptable) but will accept £5.00 per calendar month towards the outstanding balance (hopefully that means they will stop the interest also otherwise there is no point) - I can afford that just, so I think I will WRITE to them to say yes, thanks, I will take you up on this! Fingers crossed this will be hunky dory with them - just Cap one and Kays now - still not heard from Kays apart from a default letter and £12.00 charge!

[paganpete101]

Ok, wrote to Argos accepting their £5.00 per month offer a few weeks back, today I get a 'notice regarding your argos card agreement' - basically a notice because I am behind with my payments - do I reply or is it left hand/right hand syndrome?

 

TIA

[Louisa B]

I would give them a call to make sure your acceptance letter was received and note down who you spoke to.

[paganpete101]

Ty Louisa - will do!

[paganpete101]

Hmm, got a letter back from them saying that my £5.00 per month payment will continue for 6 months then revert back to normal (and I have to ignore the default letters etc from them)- what do I do after 6 months as my situation is very unlikely to change (do I keep paying the £5.00 per month)?

 

TY

[paganpete101]

Hmm, got a letter back from them saying that my £5.00 per month payment will continue for 6 months then revert back to normal (and I have to ignore the default letters etc from them)- what do I do after 6 months as my situation is very unlikely to change (do I keep paying the £5.00 per month)?

 

TY