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1st Credit sent Bankruptcy proceeding being considered letter ....Please Help !!
I would be grateful if someone could advise a course of action, The brief being I defaulted my MBNA credit card back in 2006 and then got approached in 2007 by 1st credit saying they had taken over my £10,000 debt so I promptly sent them the £1 postal order and requested my signed credit agreement I seem to recall getting some little snip of unreadable copied paper. I didn't consider this anything that resembled any kind of credit agreement so continued to send my nominal payments every month to MBNA as was agreed.
1st credit have been sending annual statements and offers to reduce full payment but being a single mum with a mortgage I have never had the available money to meet there offers although I have been trying to save in the hopes I would be in a position to do so before April 2017 when my mortgage is paid off and I have a small insurance policy due as well, I could have cleared all my outstanding debts with f&f offers.... If I cant stop 1st credit going down the route of bankruptcy I would lose everything I have fought so hard to keep on an even keel all these years.
back in 2004 I was involved in an accident that put me out of work for 3 years so I had a lot of things to pay out and couldn't keep up with things so what wasn't covered on insurance I had to reduce to nominal payments.
I stated working again in 2007 but only 20 hours a week and got tax credit top up in 2010 that 20 hours increased to 30 hours I only earn £210 and 1st credit want a statement of my income and expenditure to look at rescheduling new payment terms ....... All this time I have never corresponded with them and I kept my payments going regular to MBNA but I not sure what to do now.
If anyone could help point me in a correct direction of what I should or shouldn't do or if you need further information I would be only to glad to hear asap. I cant eat sleep or think straight my nerves are so on edge with fear they will force me into bankruptcy now and put me and my pregnant daughter on the streets.
kind regards
crystal clear
1st credit have been sending annual statements and offers to reduce full payment but being a single mum with a mortgage I have never had the available money to meet there offers although I have been trying to save in the hopes I would be in a position to do so before April 2017 when my mortgage is paid off and I have a small insurance policy due as well, I could have cleared all my outstanding debts with f&f offers.... If I cant stop 1st credit going down the route of bankruptcy I would lose everything I have fought so hard to keep on an even keel all these years.
back in 2004 I was involved in an accident that put me out of work for 3 years so I had a lot of things to pay out and couldn't keep up with things so what wasn't covered on insurance I had to reduce to nominal payments.
I stated working again in 2007 but only 20 hours a week and got tax credit top up in 2010 that 20 hours increased to 30 hours I only earn £210 and 1st credit want a statement of my income and expenditure to look at rescheduling new payment terms ....... All this time I have never corresponded with them and I kept my payments going regular to MBNA but I not sure what to do now.
If anyone could help point me in a correct direction of what I should or shouldn't do or if you need further information I would be only to glad to hear asap. I cant eat sleep or think straight my nerves are so on edge with fear they will force me into bankruptcy now and put me and my pregnant daughter on the streets.
kind regards
crystal clear
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