Hello all, I wondered if someone could give me some advice
Two and a half years ago my wife and I ran into some financial trouble, we were both self employed and making less and less income, we tried to sell our house for 2 years frequently dropping the price and had no success.Finally we walked away from it and our credit card bills as we had no way to pay the amounts(they were large amounts and to several cards).The house was repossessed.
We now work part time jobs each and also a self employed job each but with low incomes.
I have recently received a letter from a collection agency trying to locate my wife at an office we use ,Im not sure if I should ignore it or return it or what really.
Any advice would be welcome, we have no assets of any description now so Im not sure what they can do
Thanks for your time
Two and a half years ago my wife and I ran into some financial trouble, we were both self employed and making less and less income, we tried to sell our house for 2 years frequently dropping the price and had no success.Finally we walked away from it and our credit card bills as we had no way to pay the amounts(they were large amounts and to several cards).The house was repossessed.
We now work part time jobs each and also a self employed job each but with low incomes.
I have recently received a letter from a collection agency trying to locate my wife at an office we use ,Im not sure if I should ignore it or return it or what really.
Any advice would be welcome, we have no assets of any description now so Im not sure what they can do
Thanks for your time
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