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Before I met my wife I lived by myself after a long term relationship I was in ended, I used all my savings to pay for the deposit on my old house etc and once on my own I found it very difficult to maintain any kind of comfortable existence. I could not afford to heat my house, I lived on toast I never went out, all I did was work and sit at home. I became depressed and my health suffered.
I had to use a credit card to pay for car repairs, petrol, shopping, vets bills. I know this was not ideal but I had no option, inevitably I stared struggling to make repayments. In 1999 I saw an advert in the local free paper about removing debts and paying a small monthly payment. The company was a debt management firm I gave them my details and they said to stop paying any creditors and they would take care of everything. I was told they would initiate token payments, they told me I must set up a savings plan with them which would be used to eventually settle all my debts in full.
I ended up with a CCJ from Lloyd’s Bank for a balance of around £2950, to be repaid at £3 per month to their nominated solicitors I was told this would stay on my credit record for six years or until my savings built up to part settle the debt. I kept up my savings payments to the debt management company and paying my £3 monthly CCJ. During the spring of 2003 my savings payments stopped being accepted, I eventually found out that the firm had been put into liquidation, and the owner had absconded. Needless to say I lost all my savings payments!
Eventually the CCJ dropped off my record and I continued to pay my £3 monthly never missing, never late. Then in February this year I received a letter from Moorcroft Debt Recovery asking me to ring them, I panicked and did this straight away, I said I had been paying the £3 monthly from a previous CCJ to the nominated representative of the creditor, the person I spoke to said “we've been handling those payments for a while now" and “this is just a review and we will do another in six months".
I received a letter from Moorcroft last Thursday asking for income and expenditure to review my payments, this letter made me feel physically sick, I lost my Father late last year and have been on strong Anti-Depressants, I feel anxious, I an not sleeping. I called into the Citizens Advice and they said to ring Moorcroft and explain your current health issues.
I rang them and spoke to someone who seemed very understanding I explained my health problems. He went on to say a note would be added to my account and the tone of any communication would be considerate of this. He said a letter would be sent out with the form in...it arrived with the same tone as the previous one.
I am now physically worried about this, I do not want my previous struggles, issues and past life to come back and haunt me. I cannot afford to pay this full amount and have confided in a relative who has offered to give me some money to try to arrange this as a F & F settlement, I feel I need to do this to save my health more than anything!
I have no idea of my rights in any of this and any support and advice would be so welcome! This debt is over twenty years old and currently stands at £2370, am I missing anything?
Would anyone be able to help advise me as I am so worried I would make things worse!
DC18
Before I met my wife I lived by myself after a long term relationship I was in ended, I used all my savings to pay for the deposit on my old house etc and once on my own I found it very difficult to maintain any kind of comfortable existence. I could not afford to heat my house, I lived on toast I never went out, all I did was work and sit at home. I became depressed and my health suffered.
I had to use a credit card to pay for car repairs, petrol, shopping, vets bills. I know this was not ideal but I had no option, inevitably I stared struggling to make repayments. In 1999 I saw an advert in the local free paper about removing debts and paying a small monthly payment. The company was a debt management firm I gave them my details and they said to stop paying any creditors and they would take care of everything. I was told they would initiate token payments, they told me I must set up a savings plan with them which would be used to eventually settle all my debts in full.
I ended up with a CCJ from Lloyd’s Bank for a balance of around £2950, to be repaid at £3 per month to their nominated solicitors I was told this would stay on my credit record for six years or until my savings built up to part settle the debt. I kept up my savings payments to the debt management company and paying my £3 monthly CCJ. During the spring of 2003 my savings payments stopped being accepted, I eventually found out that the firm had been put into liquidation, and the owner had absconded. Needless to say I lost all my savings payments!
Eventually the CCJ dropped off my record and I continued to pay my £3 monthly never missing, never late. Then in February this year I received a letter from Moorcroft Debt Recovery asking me to ring them, I panicked and did this straight away, I said I had been paying the £3 monthly from a previous CCJ to the nominated representative of the creditor, the person I spoke to said “we've been handling those payments for a while now" and “this is just a review and we will do another in six months".
I received a letter from Moorcroft last Thursday asking for income and expenditure to review my payments, this letter made me feel physically sick, I lost my Father late last year and have been on strong Anti-Depressants, I feel anxious, I an not sleeping. I called into the Citizens Advice and they said to ring Moorcroft and explain your current health issues.
I rang them and spoke to someone who seemed very understanding I explained my health problems. He went on to say a note would be added to my account and the tone of any communication would be considerate of this. He said a letter would be sent out with the form in...it arrived with the same tone as the previous one.
I am now physically worried about this, I do not want my previous struggles, issues and past life to come back and haunt me. I cannot afford to pay this full amount and have confided in a relative who has offered to give me some money to try to arrange this as a F & F settlement, I feel I need to do this to save my health more than anything!
I have no idea of my rights in any of this and any support and advice would be so welcome! This debt is over twenty years old and currently stands at £2370, am I missing anything?
Would anyone be able to help advise me as I am so worried I would make things worse!
DC18
Poor reflection on the regulators of those firms. And not your fault whatsoever, we all have down bumps, and you did the right thing to try deal with things, so please try not to let it get you down any further xxx
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