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[princess2008]

Aaah I am so annoyed, when I left the UK I had a lot of outstanding debt that I have never just ran away from even though it was very tempting!! I made agreements with all my creditors to make monthly repayments which I have always paid and stuck too, now I find out that one of them has written off the debt and but a black mark against my name for absolutely no reason and this was done in July!

They didnt even contact me to tell me and it was only because I phoned them yesterday to check the balance, so been making payments for nothing all this time! not bothered about the black mark against my name but what annoys me is they do what they want, I asked how much the arrears were and it was higher than the original amount so my payments were doing nothing.

The next one! been trying to arrange payments for gawd knows how long with this particular creditor who has never ever replied so I managed to track it down yesterday the arrears were 663 GBP - I have been contacting them non stop and even told them to freeze it now they tell me the arrears is 2678 - thats more than what I borrowed in the beginning and 2000 GBP interest charges - is beyond a joke!

How do these companies get away with it, I am now waiting for some details who my friend used to get her debt written off - a black mark against my name is better as not intending to move back to the UK anyway and bugger me if they are going to keep mugging me off!
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Mummy 2 Kai

[dewolfson]

don't know the laws there, so can't say how they get away with it...

I had a couple of run ins with credit agencies here in the states. One started hassling me about a medical bill that I had never gotten. Got in touch directly with the doctor's office and paid them, minus charges, and the morons kept hassling me anyway for months.

Then I had a problem with a check. Check was good but bank didn't like my signature. They called and asked if they should put it through (late in the day) and I kept playing phone tag with them for a week trying to find out if they had. Finally found out they had rejected it that same day, bozos. So the company I wrote the check to turned it over straight to a credit agency without even contacting us. got hold of my husband and gave him a wrong amount (the check plus fees) and he authorized them to charge that amount after they lied to him and told him that was the original check amount.

Guess they hire people who will do anything to get that extra fee...
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Dawn

[princess2008]

They are total idiots, I am just leaving the one of them to go off and they can do what they want with it, they told that it has already been written off and I have got a black mark for it and then said but you can still pay it off yeah right!
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Mummy 2 Kai

[jimbo45]

Princess, if it had been me, I wouldnt have bothered paying one single penny back in the first place. The fact is this, if you have ever even had one late payment, or one missed payment, you would have a black mark of some kind against your name. The one that says that you are owe 2678, you arent phoning them at your own expense are you. I dont think you can apply for Bankcruptcy now you are no longer a UK citizen, but I would just forget it all if I were you. They cant really do much about it, can they?

[TinaP]

After 7 years all your debts would be written off as a loss and your credit rating goes back to normal that is why so many people drop out of the system for that amount of time and then re appear.
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[princess2008]

Thats the thing Jimbo I thought I was doing right by re-paying it only to be shot down for it, so what is the point!

I cant go bankrupt as I dont really have enough debt and its not worth it, I looked into it and discussed it with a company and they said to try and re-pay but if they are going to be funny about it even when you are re-paying and then still write you off to forget it, so thats what I intend to do.

Yeah Tina I read about that and also that if the company doesnt contact you at all then after 5 years if they try and contact you for the money it doesnt stand legal well the one I owe 2000 too have not contacted me once, I send them letters and even phoned them but they are not interested all they are doing is letting it run up to a high amount and wont even freeze the charges so I am letting them do what they want, if they were to try and take me to court I have everything to show I tried and they were not interested.
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Mummy 2 Kai

[jimbo45]

Tina, is that right about the 7 year thing, I paid off a debt Yvonne had that wasnt even hers, lol, if I had thought that one day it might just go away, I wouldnt have paid it, lol. Tina, you can be my new advisor on these things, my accountant is a right chocolate, lol. Prioncess, these jokers wont take you to court I wouldnt think, but they might get a court order against you, which on the face of it wont be worth the paper its written on. I wouldnt lose sleep over it Princess, thats for sure.

[jules67]

When Suzie Orman, a financial analyst guested back then at Oprah, she warned about the hidden charges that some companies bill you. She made mention of paying more than the minimum payment, at least twice, to make sure that you do not end with a life time debt. One important thing that she stressed out is to ask ourselves if we really need it or we just want it. It is all about self-control.
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jules

[jimbo45]

I think that trhose are wise words, and when making purchases we should always stop and think if we really need it, or is it just a want. I have started doing this ands as a result I do seem to be spending less money, whilst still making purchases of things we actually need.

[barbie84]

thats the trouble with having credit they add loads of charges on top every month,

[junmae]

My friends credit card billings always came up late, so my friend will always end up paying the interest which we all know that it is not her fault. She said that it is there tactic so that the card holder will pay more to them. When I found out about this, I am so annoyed because I cant belive that such big companies can fool small people just to earn. After so many years of paying excessive interest from the card, my friend gave up and hide from the credit card company. She said that she is tired and done with this foolishness.
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my first baby..