Author Topic: Repaying debt out of my pension.  (Read 3960 times)

Elsie

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Repaying debt out of my pension.
« on: Aug 16, 2007, 08:23:43 AM »
Dear all,

I'm a newbie here. I am a pensioner and a few years ago I ran up a £3000 credit card debt. I lost contact with them after I moved house, but now I've had a letter from a firm who have bought my debt and are demanding payment. The trouble is, since I've retired I have hardly any income - just my £120 per week state pension. I've got no possessions that I can sell or any other way of raising £3000. So are they going to take it from my pension? I'm barely surviving on it as it is.

Best wishes,
Elsie.

Chris

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Re: Repaying debt out of my pension.
« Reply #1 on: Aug 17, 2007, 06:29:43 PM »
I wouldn't get too worried if I was you, Elsie. If you simply can't afford to pay anything there's nothing they can really do about it. No court would demand you hand over your meagre pension. Explain the situation to them in writing, offer to pay £1 per month, and you will probably find you won't hear from them again.

jaybus

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Re: Repaying debt out of my pension.
« Reply #2 on: Aug 24, 2007, 08:45:43 PM »
They can't touch you so don't worry.

All the Best

CJ