Debt Story #10
Posted by: tad_admin on 8th Feb 2009 | 0 Comments | Post Comment
We have tried to talk to the credit card companies, some of whom (M&S) in particular have been very reasonable. The remainder have not and refuse to enter into any arrangement with us despite us giving them all our financial details, income and expenditure forms and trying to talk to them. We receive approx 20 phone calls a day, sometimes at 8am and as late as 9.30 pm. It is very frightening. We are both professional people who have always, until quite recently, were able to make our repayments on time. We have overstretched ourselves and part of this reason was the willingness of credit card companies to increase our credit availability. We are not trying to abrogate our responsibilities and with assistance from our debtors, we would be able to weather this crisis. However, some are being absolutely unreasonable. This is causing us both tremendous strain.