Glad to be here

[mailbox]

I'm here because my elderly parents, mid 80's, have a large amount of unsecured debt. About 40-45000. I've recently descovered the extent of this debt and I'm concerned it's affecting there health. It's owed to about seven different debt buyers. My father worked with a company called Spectrum for five years and for the last two years a company called Step Change. Offering a settlement [provided by me] seems to be the answer; but I'm not sure how to approach them. They would all have to accept.
I'm sure the answers are on this forum though!

[FlamingParrot]

Re: Glad to be here

Hi and welcome!

Although it may sound like a huge amount to you and your family, there are people on here with a lot more debt, some up to £150k!

it would be useful if you could post up details of their debts, such as: :typing:

• type of account (credit card, loan, etc.)
• original lender
• current owner
• approximate date the account was opened
• current balance
• approx. date of last payment made
• when was it defaulted
• who is currently chasing

Start a new thread here: http://www.legalbeagles.info/forums/...ment-Companies

Depending on the nature of their debts, there may be avenues other than settlement, to be explored. :thumb:

[mailbox]

Re: Glad to be here

Thanks for the road map . I'll gather the info and start a new thread in http://www.legalbeagles.info/forums/...ment-Companies