Hi I am up to my neck in it (relatively speaking), due to unemployment and ill health (and not taking out any cover or anything like this for this) and also due to the recent death of a close relative, I have ran up a debt of roughly £5000.
This is more money than I have ever owed anyone in my life - and I am unable to meet the repayments.
I however do not currently have any other debts other than this.
Having read around the site, there is some excellent advice here about contacting the original creditors and attempting to come to an arrangement to repay the debt.
So my question is relatively simple. Who in the first instance should I write to at Virgin Money in order that I can begin this process? I have searched around their web site but can't see anywhere I can contact. I would rather write to them as firstly I am terrified of calling - and secondly I think it would be good practice to ensure that all contacts and any agreements are kept in writing.
Secondly, in my circumstances, what can I ask them to do? What kind of agreement might I be able to reach? I also suffer from a disability and am receiving state benefits because of this, so can I ask them to suspend the interest - and what is the minimum I would be able to offer that they would be obliged to accept (if any)?
Thanks so much for your help. It is a huge relief to have found this site and perhaps feel that I am not alone.
This is more money than I have ever owed anyone in my life - and I am unable to meet the repayments.
I however do not currently have any other debts other than this.
Having read around the site, there is some excellent advice here about contacting the original creditors and attempting to come to an arrangement to repay the debt.
So my question is relatively simple. Who in the first instance should I write to at Virgin Money in order that I can begin this process? I have searched around their web site but can't see anywhere I can contact. I would rather write to them as firstly I am terrified of calling - and secondly I think it would be good practice to ensure that all contacts and any agreements are kept in writing.
Secondly, in my circumstances, what can I ask them to do? What kind of agreement might I be able to reach? I also suffer from a disability and am receiving state benefits because of this, so can I ask them to suspend the interest - and what is the minimum I would be able to offer that they would be obliged to accept (if any)?
Thanks so much for your help. It is a huge relief to have found this site and perhaps feel that I am not alone.
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