Hello.
I am new to this forum but really need advice. Over the time I have mounted very large credit card debt (approx 21k). Two cards with MBNA, one with Halifax and one with BOI. I haven't been able to meet my credit card min payments so MBNA and Halifax have suggested I send in my Income and Exp details and come to a payment agreement. What I am wondering is why on the form Halifax sent me they are looking for my car make/model details and car reg and also for my employment details? Also wondering because I will enter a payment agreement it will effect my credit rating as far as I know and I work with a financial institution and I have a vague recollection that if I default on payments it could effect my job...does this sound correct does anyone know (I obviously don't want to ask at work if this is the case or not) and even if it is I don't see any way out of my situation, if I don't enter a payment agreement I will probably be taken to court I assume, if I do I'm not sure if I am risking my job...I am sick with worry and so upset and would be very greatful of any light anyone could shed on this for me or any advice please? Thank you.
I am new to this forum but really need advice. Over the time I have mounted very large credit card debt (approx 21k). Two cards with MBNA, one with Halifax and one with BOI. I haven't been able to meet my credit card min payments so MBNA and Halifax have suggested I send in my Income and Exp details and come to a payment agreement. What I am wondering is why on the form Halifax sent me they are looking for my car make/model details and car reg and also for my employment details? Also wondering because I will enter a payment agreement it will effect my credit rating as far as I know and I work with a financial institution and I have a vague recollection that if I default on payments it could effect my job...does this sound correct does anyone know (I obviously don't want to ask at work if this is the case or not) and even if it is I don't see any way out of my situation, if I don't enter a payment agreement I will probably be taken to court I assume, if I do I'm not sure if I am risking my job...I am sick with worry and so upset and would be very greatful of any light anyone could shed on this for me or any advice please? Thank you.