D
Dan79
Guest
Folks
I have had some problems managing my debts. I hadn't missed any payments but was finding it hard to meet day to day expenses. I engaged a debt management agency, Moneyvillage who for a fee (which I am willing to pay rather than having to deal with 5 - 7 different creditors) have prepared a repayment plan than has given me some breathing space.
While most of the creditors have been reasonable and acknowledged that I am making an effort to make some form of repayment, Blue Cube loans have been totally unreasonable.
They are my biggest creditor and therefore they are still receiving about 40% of the monthly payment. However today I have got a letter telling they refuse to deal with any debt management agency who charge fees and they have cancelled the account and requested payment of the full outstanding balance. To me this seems unbelievable that they want to act in this manner as there is no possibility of me being able to repay the balance. Ironically they stated in an earlier letter than they would recommend MABS as a free service. It feels like they are paying lip service by suggesting MABS yet a couple of days later cancel my account. The amount I'm paying in fees to Moneyvillage would make little difference to the amount paid to Blue Cube.
I would welcome anyone else's views or experience.
Dan
I have had some problems managing my debts. I hadn't missed any payments but was finding it hard to meet day to day expenses. I engaged a debt management agency, Moneyvillage who for a fee (which I am willing to pay rather than having to deal with 5 - 7 different creditors) have prepared a repayment plan than has given me some breathing space.
While most of the creditors have been reasonable and acknowledged that I am making an effort to make some form of repayment, Blue Cube loans have been totally unreasonable.
They are my biggest creditor and therefore they are still receiving about 40% of the monthly payment. However today I have got a letter telling they refuse to deal with any debt management agency who charge fees and they have cancelled the account and requested payment of the full outstanding balance. To me this seems unbelievable that they want to act in this manner as there is no possibility of me being able to repay the balance. Ironically they stated in an earlier letter than they would recommend MABS as a free service. It feels like they are paying lip service by suggesting MABS yet a couple of days later cancel my account. The amount I'm paying in fees to Moneyvillage would make little difference to the amount paid to Blue Cube.
I would welcome anyone else's views or experience.
Dan