Posted: Thu Mar 15, 2007 3:18 pm
I took out a credit card in 1990 something. The credit limit was £200. I got behind with my monthly payments due to personal circumstances and eventually I owed them over £1000. I made serval payments before they stopped adding charges and then they put it in the hands of a debt collection agency.
I was paying them £10 every month. Every so often they offered to reduce my debt if I paid a lump sum of approx £400. That would then clear the debt. As I did'nt have that sort of money I continued to pay the £10. Then I got a letter from a company called Capquest that said they had bought my debt and now I owed them £813. They have threaten to take me to court to recover this debt. How do i stand as all the amount outstanding is just charges.
I was paying them £10 every month. Every so often they offered to reduce my debt if I paid a lump sum of approx £400. That would then clear the debt. As I did'nt have that sort of money I continued to pay the £10. Then I got a letter from a company called Capquest that said they had bought my debt and now I owed them £813. They have threaten to take me to court to recover this debt. How do i stand as all the amount outstanding is just charges.