• Welcome to the LegalBeagles Consumer and Legal Forum. Please register to get the most out of the forum. Registration is free and only needs a username and email address.
  • Please note that LegalBeagles is a public forum and the main areas are accessible to all, and as such, please take care your username or posts do not identify you. There is no need to post claim numbers, names or precise amounts to get support with your case. When uploading documents please ensure that you have properly redacted your personal details. Thank you.

Very Debt

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Very Debt

    Hi
    Could anyone help me ? I have a large very debt (4000) and I am really struggling to pay it each month due to a change in circumstances I do not know where to turn. I have had the account since 2011 and have always paid it but I am really struggling now. Any advice please ?
    Tags: None

  • #2
    Re: Very Debt

    Hi and welcome, have you been in touch and explained the situation to Very?

    Comment


    • #3
      Re: Very Debt

      Hi, and thank you. No I haven't yet because I have still been paying the required amount, but I am struggling to meet basics now. I know that I cannot carry on paying but I am terrified of court action/baliffs. I just don't know what to do ?

      Comment


      • #4
        Re: Very Debt

        I would get in touch with them by email or letter (always have a paper trail), explain the situation ask them if you can reduce your payments until your situation improves.
        You can only really get in trouble if you ignore it and just stop paying, are you struggling with other stuff?

        Comment


        • #5
          Re: Very Debt

          Originally posted by Takethis View Post
          Hi, and thank you. No I haven't yet because I have still been paying the required amount, but I am struggling to meet basics now. I know that I cannot carry on paying but I am terrified of court action/baliffs. I just don't know what to do ?
          First of all, certain things are priority debts/accounts and they should come above anything else. These are things like your mortgage or rent, council tax, utility bills and things like magistrates fines, maintenance payments and tax debts (if applicable) as well as payments on loans secured on your property (if applicable). Very, along with other unsecured debts, are at the bottom of the pile.

          Don't worry about bailiffs, they would need to take you to court and win (get a CCJ against you), then go back to court to apply for a warrant. In reality bailiffs are hardly ever used to enforce these types of debts even with a CCJ. Most bailiff visits involve council tax or magistrates fines, so you are safe in that front. :thumb:

          Apart from your priority debts, your family comes first, way above Very! :grin:

          If you are struggling to pay, you should write to them, explaining your circumstances. You may wish to include an income and expenditure form (budget sheet) to back up your offer. Although only a court can FORCE you to submit one, you may wish to do so if it helps your case and shows you really can't afford any more. A good online budgeting tool can be found on this website: NEDCAB budgeting tool. You can save your completed I&E form in Word format. This tool should help you work out an affordable repayment offer. If £1 a month is all you can afford, that's all you pay.

          Bear in mind that if you can't keep up your contractual payments, they will record a default on your credit file, not immediately, but usually after around 3 months.

          Comment


          • #6
            Re: Very Debt

            Phone them!! I did today, after racking up a debt of £5600 they have stopped all interest and asked me how much I can pay to suit me. Defo phone them.

            Comment


            • #7
              Re: Very Debt

              Good to hear Xlornahx. They may want you to go through Stepchange if your monthly offer is under (I think) £50.
              “We may not win by protesting, but if we don’t protest we will lose. If we stand up to them, there is always a chance we will win.” Hetty Bower

              Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

              If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

              Find Solicitors offering fixed fees on our sister site - JustBeagle.com

              Comment


              • #8
                Re: Very Debt

                Probably, i offered higher than fifty so didn't have to go through them.

                Comment


                • #9
                  Re: Very Debt

                  Originally posted by Xlornahx View Post
                  Probably, i offered higher than fifty so didn't have to go through them.
                  Hi there
                  I am still trying to meet my payments but I am becoming desperate now, I have still not missed no payments as of yet, but I am borrowing money from family and I cannot carry on like this, honestly it is making me ill. Do you mind me asking how much you have offered to pay them ? and how were they when you spoke to them ? I ma thinking of writing a letter rather than phoning them as I don't want to feel intimidated. If you could please give me some advice I would really appreciate it. If you don't want to say on the thread you could inbox me......Thank you

                  Comment


                  • #10
                    Re: Very Debt

                    Sort out an income/expenditure sheet so that you know how much you realistically can afford. Don't offer any more than that (or you will soon find yourself back in the same situation )
                    Debt is like any other trap, easy enough to get into, but hard enough to get out of.

                    It doesn't matter where your journey begins, so long as you begin it...

                    recte agens confido

                    ~~~~~

                    Any advice I provide is given without liability, if you are unsure please seek professional legal guidance.

                    I can be emailed if you need my help loading pictures/documents to your thread. My email address is kati@legalbeaglesgroup.com
                    But please include a link to your thread so I know who you are.

                    Specialist advice can be sought via our sister site JustBeagle

                    Comment


                    • #11
                      Re: Very Debt

                      Hi, thanks. What do you think about a debt management plan, I was wondering whether or not to pursue this avenue. I feel like I am going out of mind and I am not sure which way to turn. Very is by biggest debt, I have a credit card with a relevantly small amount on, I could probably pay that no problem if I didn't have very to pay each month.

                      Comment


                      • #12
                        Re: Very Debt

                        Originally posted by Takethis View Post
                        Hi there
                        I am still trying to meet my payments but I am becoming desperate now, I have still not missed no payments as of yet, but I am borrowing money from family and I cannot carry on like this, honestly it is making me ill. Do you mind me asking how much you have offered to pay them ? and how were they when you spoke to them ? I ma thinking of writing a letter rather than phoning them as I don't want to feel intimidated. If you could please give me some advice I would really appreciate it. If you don't want to say on the thread you could inbox me......Thank you
                        Ring them, as Kati says do yourself an income expenditure sheet, then give them a call. £50 seems to be the minimum they will accept straight off anything lower would have to go through Stepchange. They really are not intimidating at all (I suppose it depends who you get but I have spoken to three people there now and they have all been lovely ).

                        It goes out of control so quickly once the interest kicks in so it is completely understandable, plus they ramp up your credit limit willy nilly so far too easy to get into problems. I think they understand that.

                        Give it a try xxxx

                        (I felt the same and was starting to bury head in sand, but accidentally answered the phone to one of their arrears collection guys one day and it's all been a lot better since then)
                        “We may not win by protesting, but if we don’t protest we will lose. If we stand up to them, there is always a chance we will win.” Hetty Bower

                        Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

                        If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

                        Find Solicitors offering fixed fees on our sister site - JustBeagle.com

                        Comment


                        • #13
                          Re: Very Debt

                          Thanks for your swift reply. Do you think I could email them to explain the situation I don't feel confident to speak to them over the phone.

                          Comment


                          • #14
                            Re: Very Debt

                            You can contact them through the website - http://www.very.co.uk/help/en/online...m/help_contact
                            Debt is like any other trap, easy enough to get into, but hard enough to get out of.

                            It doesn't matter where your journey begins, so long as you begin it...

                            recte agens confido

                            ~~~~~

                            Any advice I provide is given without liability, if you are unsure please seek professional legal guidance.

                            I can be emailed if you need my help loading pictures/documents to your thread. My email address is kati@legalbeaglesgroup.com
                            But please include a link to your thread so I know who you are.

                            Specialist advice can be sought via our sister site JustBeagle

                            Comment


                            • #15
                              Re: Very Debt

                              Thank you so very much x

                              Comment

                              View our Terms and Conditions

                              LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

                              If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


                              If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.

                              Announcement

                              Collapse
                              No announcement yet.
                              Loading...

                              upgrade to vip

                              Want exclusive access to forums, more privacy and a live chat box? Upgrade to become a bigger part of our community.

                              only £15/yr

                              Offers available. No subscription traps.

                              sign up now



                              Search and Compare fixed fee legal services and find a solicitor near you.

                              Find a Law Firm


                              Working...
                              X