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Thank you Echat, your help and words are greatly appreciated.
It all started back in 2021. I purchased a house, friends in construction inductry said will help out with renovation, so we started full renovation with a loft conversion. I took few loans and used few credit cards, was making monthly payments without a miss however credit scoring kept dropping due to amount of credit I had taken. Things went worse start of 2024 when I have tried opening free balance credit card and was denied in few places. From that the credit score completely dropped but I kept going.
Unfortunately there were few private life issues which caused me to stay away from work for 5-6 weeks. After coming back to work I could not do as much overtime as previously and struggled further with debts spiralling out of control. I have tried suspending payments from few loands and credit cards only to be hit by large amount of money requested 3-4 month later.
I got to that stage where unfortunately one after the other accounts started being defaulted and I just could not really care anymore at that time.
I thought I still have the mortgage and it got renewed with a great % and I was hoping to take a full break from a credit trap for a year before getting into some sort of agreements to start repaying defaulted accounts. To be honest I did not expect to be hit with a court summons without having prior notification of the likes like letter before claim or something like that.
I am just hoping that this case can now get to sort of pause and gives an option to negotiate some sort of payments to avoid court. I am actually afraid that if court makes unreasonable plan that can throw me back into the deep end.....Also, can bailiffs get involved if court payments are followed?
It all started back in 2021. I purchased a house, friends in construction inductry said will help out with renovation, so we started full renovation with a loft conversion. I took few loans and used few credit cards, was making monthly payments without a miss however credit scoring kept dropping due to amount of credit I had taken. Things went worse start of 2024 when I have tried opening free balance credit card and was denied in few places. From that the credit score completely dropped but I kept going.
Unfortunately there were few private life issues which caused me to stay away from work for 5-6 weeks. After coming back to work I could not do as much overtime as previously and struggled further with debts spiralling out of control. I have tried suspending payments from few loands and credit cards only to be hit by large amount of money requested 3-4 month later.
I got to that stage where unfortunately one after the other accounts started being defaulted and I just could not really care anymore at that time.
I thought I still have the mortgage and it got renewed with a great % and I was hoping to take a full break from a credit trap for a year before getting into some sort of agreements to start repaying defaulted accounts. To be honest I did not expect to be hit with a court summons without having prior notification of the likes like letter before claim or something like that.
I am just hoping that this case can now get to sort of pause and gives an option to negotiate some sort of payments to avoid court. I am actually afraid that if court makes unreasonable plan that can throw me back into the deep end.....Also, can bailiffs get involved if court payments are followed?
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