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had a phone call from a debt collecting agency asking for £1000 i dont have cant get

whats next do i go to prison will they take a negitive equity house why cant we come to some other agreement

Submitted on: 15th Nov 2008 by Non-Member

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Re: had a phone call from a debt collecting agency

I really think you need to get professional debt help. Both a Debt Management Plan and an IVA offer you protection from creditors if agreed. Once you open up a dialogue with a debt help organisation you'll be able to tell the debt collection agency that you're talking to 'organisation name' at the moment with a view to coming up with a plan to pay all of your creditors and you hope to be in touch very shortly. In the meantime if they would be patient and stop causing unnecessary stress it would be appreciated.'

 

The last thing your creditors want is for you to go bankrupt, as if you do they get nothing. So they are likely to want to work with you to get through this.

 

Also, ask the debt organisation you contact for the best course of action as they may be able to be more specific once they understand your specific situation more.

The best of luck.

Submitted on: 15th Nov 2008 by talkaboutteam Staff

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