Re: Help, up to my neck in it! Virgin Money.
OK jebus nothing at all in there to be embarrassed about.
I have to start by saying that your credit file will no doubt be already shot by now. You are in a position where you are unable to repay the debt, it is more than likely Virgin will now be taking steps to recover the debt in full.
What we need to concentrate on now is your essential expenditure, rent/mortgage payments, food heating etc etc.
The rest go to the back of the queue. You mentioned you sent an I/E sheet to Virgin. Would you care to share the figures in that, I know it sounds intrusive and you may feel embarrassed doing so but if people are to offer you the best advice possible they need to know your situation as detailed as possible. Please fill in one of the I/E sheets in here Legal Beagles and either attach it to your next post or if you feel more comfortable, you can email it to me or any member of the Team.
It may be possible to negotiate several options with Virgin, have you read in the stickies at the top in this debt forum, such as negotiating freezing interest etc.
Do not be afraid to ask, everyone is here to help and not to judge, we are all in/have been in debt and struggled at some point. Also if it helps you to feel you are not alone I currently owe approx £5000 to Virgin on a credit card I am struggling to repay because the introductory 0% rate has now expired and gone to the full APR.
I suggest between us we work on another letter, post up what you are going to send and we can work from there. There are also some brilliant letter templates to send, choose which best fits your own circumstances and add/adapt it to your needs.
Jules
OK jebus nothing at all in there to be embarrassed about.
I have to start by saying that your credit file will no doubt be already shot by now. You are in a position where you are unable to repay the debt, it is more than likely Virgin will now be taking steps to recover the debt in full.
What we need to concentrate on now is your essential expenditure, rent/mortgage payments, food heating etc etc.
The rest go to the back of the queue. You mentioned you sent an I/E sheet to Virgin. Would you care to share the figures in that, I know it sounds intrusive and you may feel embarrassed doing so but if people are to offer you the best advice possible they need to know your situation as detailed as possible. Please fill in one of the I/E sheets in here Legal Beagles and either attach it to your next post or if you feel more comfortable, you can email it to me or any member of the Team.
It may be possible to negotiate several options with Virgin, have you read in the stickies at the top in this debt forum, such as negotiating freezing interest etc.
Do not be afraid to ask, everyone is here to help and not to judge, we are all in/have been in debt and struggled at some point. Also if it helps you to feel you are not alone I currently owe approx £5000 to Virgin on a credit card I am struggling to repay because the introductory 0% rate has now expired and gone to the full APR.
I suggest between us we work on another letter, post up what you are going to send and we can work from there. There are also some brilliant letter templates to send, choose which best fits your own circumstances and add/adapt it to your needs.
Jules
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