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Hi all, I've been wandering across the web for a while now trying to find (what I'd say is) a relatively simple answer to a relatively simple question and this forum kept popping up! There are obviously people on here with proper issues, where as what I have is more of a concern, so I really will appreciate any solid answers!
I'll quickly provide context, but I think that the question is fairly generic.
I have bad, unsecured debt (currently <£4000) that has been with DCAs for at least 6 years now. The default on it expired 1 Month ago.
I recently applied for more credit and (to my great shock) succeeded! The DCA then got in touch telling me my circumstances have changed and I need to rearrange our agreement.
I called them (I wouldn't usually but, I just wanted to get it over with) and after a heated exchange, I told them their minimum payments were too high and that I'd pay what I could afford.
I want to make it clear that it is something I've been paying regularly and based on my actual budget for a while; I have every intention to pay. If my income goes up, I pay more and if it falls, I pay less.
All I really want to know is, what can these guys realistically do? Is paying them a regular sum enough, or do I need to be writing letters and providing proof of income and expenditure, etc? What kind of action can follow if I simply send them payments? I want to do the right thing here but, I'd still like to have something of a life.
I'd be really grateful for any decent answers as, I haven't called them in a while and was just reminded exactly why that was!
Kind Regards
I'll quickly provide context, but I think that the question is fairly generic.
I have bad, unsecured debt (currently <£4000) that has been with DCAs for at least 6 years now. The default on it expired 1 Month ago.
I recently applied for more credit and (to my great shock) succeeded! The DCA then got in touch telling me my circumstances have changed and I need to rearrange our agreement.
I called them (I wouldn't usually but, I just wanted to get it over with) and after a heated exchange, I told them their minimum payments were too high and that I'd pay what I could afford.
I want to make it clear that it is something I've been paying regularly and based on my actual budget for a while; I have every intention to pay. If my income goes up, I pay more and if it falls, I pay less.
All I really want to know is, what can these guys realistically do? Is paying them a regular sum enough, or do I need to be writing letters and providing proof of income and expenditure, etc? What kind of action can follow if I simply send them payments? I want to do the right thing here but, I'd still like to have something of a life.
I'd be really grateful for any decent answers as, I haven't called them in a while and was just reminded exactly why that was!
Kind Regards
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