UAE debt IDR - Letter Of Claim

[Why Me101]

Duh! I’m not up to speed on some things . Thanks for that dx. 
 

cheers 

[Why Me101]

Guys, sorry again for asking but I’m going to make an offer to pay what I can on a monthly basis. With that said it will be a low offer (£150)ish. Will the bank be A’holes and try to force me to pay more? Even if I’ve agreed a payment offer?

 

cheers

[Serthui]

I have heard awful stories about people who have offered to pay and then IDR demand more and more. You also don’t know that they are even representing the bank, you should wait for the SD and go from there. 

[Why Me101]

Thanks Serthui, I have been sent a letter of claim so I need to approach them. I’m just worried the bank won’t except my offer and then the CCJ starts! 

What’s an SD by the way?

[Serthui]

Oh my mistake, I didn’t know you had a letter of claim. SD is a statutory demand, there’s loads of stuff to read on here about them and letters of claim. Please follow the advice from the experts here, they are an amazing bunch!

[dx100uk]

you need to be reading other trhreads

most of the SD's turn out to be fake threats anyway.

 

follow that letter of claim thread post 5

deal with IDR.

 

if you wishto make an offer to the bank directly then do so in writing ONLY.

 

14 minutes ago, Serthui said:

I have heard awful stories about people who have offered to pay and then IDR demand more and more

 

 

as they do because they've ensnared a mug that knows no better.

IDR are powerless.

 

 

[Why Me101]

Thanks again, just to finalize, if I make a proposal could the bank refuse it and still take me to court?

[dx100uk]

they are at liberty to proceed as they wish, who knows we dont have a crystal ball

if one ever succeeds is a differing matter.

 

you really need to read a good few 10's of UAE threads HERE to understand the complete situation.

 

 

 

[Why Me101]

Cheers Dx