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Urgent Reston/Arrow/HSBC Credit Card
I have now got a letter from Reston saying
'We act on behalf of Arrow Global who has referred your account to us for legal action. This means that we are instructed to issue court proceedings against you.
The purpose of this letter is to explain the position to you and to suggest a possible way that legal action can be avoided......'
'Our client is to ready to consider repayments by installments blah blah.......'
Facts
Yes I had a HSBC credit card balance of 1800, I kept paying 200 every month for years but mostly interest got deducted as my APR was sky high due to late payments and missed payments etc I think. Last payment was Jan or Feb-2014, after which I didn't have anything to pay and stopped. I then started getting letters from Arrow that I kept ignoring as I was out of work.
This loan or credit does not show on my Experian credit report surprisingly.
Last week I got this letter from Reston but am worried I don't have money to repay and really cant have a CCJ for various reasons. Last date mentioned on letter is today to take action.
I was going to call them but then last night found these forums and am still trying to understand what to do.
Please can you suggest what letter should I send to whom HSBC\Reston\Arrow? Should I send prove it or CCA or something else. Sorry the jargons are bit too much for me right now as I am still trying to understand everything.
'We act on behalf of Arrow Global who has referred your account to us for legal action. This means that we are instructed to issue court proceedings against you.
The purpose of this letter is to explain the position to you and to suggest a possible way that legal action can be avoided......'
'Our client is to ready to consider repayments by installments blah blah.......'
Facts
Yes I had a HSBC credit card balance of 1800, I kept paying 200 every month for years but mostly interest got deducted as my APR was sky high due to late payments and missed payments etc I think. Last payment was Jan or Feb-2014, after which I didn't have anything to pay and stopped. I then started getting letters from Arrow that I kept ignoring as I was out of work.
This loan or credit does not show on my Experian credit report surprisingly.
Last week I got this letter from Reston but am worried I don't have money to repay and really cant have a CCJ for various reasons. Last date mentioned on letter is today to take action.
I was going to call them but then last night found these forums and am still trying to understand what to do.
Please can you suggest what letter should I send to whom HSBC\Reston\Arrow? Should I send prove it or CCA or something else. Sorry the jargons are bit too much for me right now as I am still trying to understand everything.
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