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Hi,
I have just received a letter from Restons Solicitors acting on behalf of Arrow Global Limited.
Original Creditor and Product Type: HFC Bank Limited - Loan.
It's a fairly standard letter mentioning how they've been referred my account for legal action and that means they are instructed to issue court proceedings against me...
Anyway, the letter is apparently to explain the position to me and suggest ways that legal action can be avoided, basically it's just me paying them in installments if I fill out their intrusive financial statement with an offer, or call them to discuss my account (again, with the details of the form...) and that their client may accept a short settlement of the balance if I phone them, again they'll require my financial information as they 'need to be sure that the payment will not put me into further financial difficulty' I'm assuming this option is basically a full and final payment?
I've had CCJ's before, and would prefer not to go down that route again as I'm in my last year or so of my previous one, I do have a couple of defaults on my credit score... one of which was with HFC and two others from a bank who were supposed to close the accounts (and didn't!) but all of my current credit has been handled very well for many years.
I'm truly not sure how to proceed at this point, I've seen other posts mentioning Restons as being very difficult to deal with, and how I should send something called a CCA to Arrow and CPR(?) to Restons?
I'm also concearned on the effect a short settlement would have on my credit score, and the fact that if I pay this one will the bank suddenly revive their defaults and come after me also?
Regards,
'The Flash'
I have just received a letter from Restons Solicitors acting on behalf of Arrow Global Limited.
Original Creditor and Product Type: HFC Bank Limited - Loan.
It's a fairly standard letter mentioning how they've been referred my account for legal action and that means they are instructed to issue court proceedings against me...
Anyway, the letter is apparently to explain the position to me and suggest ways that legal action can be avoided, basically it's just me paying them in installments if I fill out their intrusive financial statement with an offer, or call them to discuss my account (again, with the details of the form...) and that their client may accept a short settlement of the balance if I phone them, again they'll require my financial information as they 'need to be sure that the payment will not put me into further financial difficulty' I'm assuming this option is basically a full and final payment?
I've had CCJ's before, and would prefer not to go down that route again as I'm in my last year or so of my previous one, I do have a couple of defaults on my credit score... one of which was with HFC and two others from a bank who were supposed to close the accounts (and didn't!) but all of my current credit has been handled very well for many years.
I'm truly not sure how to proceed at this point, I've seen other posts mentioning Restons as being very difficult to deal with, and how I should send something called a CCA to Arrow and CPR(?) to Restons?
I'm also concearned on the effect a short settlement would have on my credit score, and the fact that if I pay this one will the bank suddenly revive their defaults and come after me also?
Regards,
'The Flash'
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