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can someone advise me what to do please


debt mess
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Hi have had a loan with toothfairy for well over a year now, have commented before!

I have paid back just over 150 now , called them today to try and clear the original loan of 400 plus interest. I have been paying back weekly 5 to 10 pounds.

I have just over 300 to hopefully clear the debt but they have refused it marshall hoare.

Do i pay 300 and then say paying no more or carry on with a minimal payment ie 1 pound as they wont accept the offer?

 

thanks

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For the £300 to count as a settlement offer, it must be agreed by BOTH sides in writing before the amount is paid. If it isnt, then the creditor can use the money against the debt and still tell you to pay the rest owing.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Did they agree it in writing? If so, keep it safe, so you can use it against them if they start to get pushy.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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