I recently checked the enforceability of a 23k unsecured loan I took back in 2013 from Lloyds and unfortunately PRA Group replied very quickly (within a week of them acknowledging receipt of my request) with the credit agreement.
I had been paying them for £1 a month for 4 years or so and recently decided to stop paying. I am tired of them and I don't want to be held captive to an unsecured loan forever.
This defaulted debt is off my credit file but I worry of a possible CCJ. Should I keep paying them £1 or just ignore them? From my experience what I have noticed is that CCJ's are usually more likely for smaller debts that are more likely affordable to eventually be paid back than big ones however my worry is another tarnished credit score.
I had been paying them for £1 a month for 4 years or so and recently decided to stop paying. I am tired of them and I don't want to be held captive to an unsecured loan forever.
This defaulted debt is off my credit file but I worry of a possible CCJ. Should I keep paying them £1 or just ignore them? From my experience what I have noticed is that CCJ's are usually more likely for smaller debts that are more likely affordable to eventually be paid back than big ones however my worry is another tarnished credit score.
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