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dazed and confused
Junior Member
United Kingdom
475 Posts |
 Posted - 02 August 2008 : 11:34:26
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Dear Forum
Hope you are all well!
I have just received quite a scary card through the post today from Co-operative Fiancial Services saying that:
"We have instructed Power 2 Contact to visit you at your home address within the next 10 days to discuss the arrears on the above account. In order to avoid them missing you and incurring additional costs, please telephone blah blah blah to arrange a mutually convenient date and time for them to visit."
What should I do?! I don't want them to visit, and I don't really want to speak with them! Should I call them up? Should I call the Co-operative? Should I make a token payment to keep them off my back whilst I decide what to do about my debts?
What can they do to me on this visit?
I have now missed 2 payments to all my creditors. Initially I offered them all a £10 each token gesture, and then last month I stopped paying them altogether.
I am still not sure which option is best for me - IVA / DMP / BR but it looks like it's starting to get messy now.
If I was to give the 'go ahead' for an IVA or a DMP now would this keep them off my back? Or, if I were to inform them of my intention to go BR would this stop them also?
Any help / advice would be much appreciated!!!
Cheers!! |
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BankruptC
Senior Member
1030 Posts |
Posted - 02 August 2008 : 11:46:45
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Hi again dazed and confused,
I wouldn't panic about this, but I do think you need to get your information together and decide quite quickly what is the best course of action for you. I think it would be a mistake to agree to a DMP or an IVA just to keep these people off your back, as it may not be the best option for you. We have not been paying our creditors for two months now and have informed them of our intention to go BR from the first time they phoned (they do keep ringing but we just tell them the same thing!). They have been ok about it, but some told us they would have to keep ringing until we or the OR can give them our BR reference number, which I think is fair enough.
I also don't think it is a good idea to pay them just to stop them calling, as in BR this would be deemed a preference payment, which is frowned upon.
As I said last night, I'm no expert and hopefully one will come along to help you, but I do think as you've stopped paying your creditors, you need to get all the advice you can to make the right decision for you as soon as you can to avoid further action form your creditors.
Hope that helps somewhat.
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Aaaarrrrgggghhhhh - HELP!!!
