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Hi
I am new here and need some advice
I had a outstanding loan of £2000 years ago with Welcome Finance and ran into difficulty paying it and it got passed onto IND Ltd last year and started paying £1 a month to IND Ltd but with Christmas etc. I was not able to pay it for 3/4 months and IND Ltd went back to the county court and they have frozen my savings account that had £15 in it and apparently is a hearing in May or June. I called IND Ltd this morning and they said they can't do nothing until the outcome appears before they can send me a income/expenditure form. IND Ltd said I should get something in the post about it going back to the county court.
The total amount owed to date is £6000
I have just a few questions
1) What will happen at the hearing?
2) Regarding IND Ltd and the outcome, does that mean they can't do nothing until the hearing has passed
3) I have been told that because Welcome Finance has gone bust that I don't need to pay the loan to IND Ltd
4) I should also contact IND Ltd and say I have no written agreement with IND Ltd and want proof of that
5) I was thinking of going bankrupt but know it costs or can I pay in instalments?
Thank you in advance
I am new here and need some advice
I had a outstanding loan of £2000 years ago with Welcome Finance and ran into difficulty paying it and it got passed onto IND Ltd last year and started paying £1 a month to IND Ltd but with Christmas etc. I was not able to pay it for 3/4 months and IND Ltd went back to the county court and they have frozen my savings account that had £15 in it and apparently is a hearing in May or June. I called IND Ltd this morning and they said they can't do nothing until the outcome appears before they can send me a income/expenditure form. IND Ltd said I should get something in the post about it going back to the county court.
The total amount owed to date is £6000
I have just a few questions
1) What will happen at the hearing?
2) Regarding IND Ltd and the outcome, does that mean they can't do nothing until the hearing has passed
3) I have been told that because Welcome Finance has gone bust that I don't need to pay the loan to IND Ltd
4) I should also contact IND Ltd and say I have no written agreement with IND Ltd and want proof of that
5) I was thinking of going bankrupt but know it costs or can I pay in instalments?
Thank you in advance
