Caesar UE Diary

1. Barclaycard - credit card

Type of account (credit card)
Date commenced (2015)
Approx balance £4.000
Date last paid (not sure, sometime in 2016, have to check)
Not paying
Status (default)
Account owner (Link Financial)

November 2016 defaulted, called Barclaycard and agreed to make a £10 pay to the account starting from December 2016 but they sold the account to Link Financial. Last letter receive from them was at the end of December 2017, Statement of Account and urged me to contact them to arrange a payment plan.

Sept.2018 letter from Barclaycard that I will receive a refund for interest and and default fees applied wrong. They have realized that they did not meet expected standards for assessing customers circumstances and they might not offered me the support for my financial situation. The amount is small and my balance with Link will be deducted with that.
Sept 2018 Letter from Link with new balance and saying to contact them for a payment plan.
Nov 2020 another letter from Barclaycard that I will receive a refund for interest and and default fees applied wrong. They have realized that they did not meet expected standards for assessing customers circumstances and they might not offered me the support for my financial situation. The amount was sent to Link Financial balance will be deducted with that.

Hi, I am new to this and still try to find more information. A very nice person recommended me this great forum here I am.

My story is simple, and started in 2015. I've suffered an income reduction, broke up with my partner and I was caught in the debt spiral because I was stupid enough to borrow more with high interest to pay my debts. So every month I had to borrow more and more until I couldn't pay. I have more than 10 debts, but only a few with big amount and in total are around £30k, included a lot of small pay day loans.

I had a self managed payment plan with all companies until I started to complain to Financial Ombudsman and stopped payment to most of them. I am paying now just a few payday loans but only small or token payments.

When I couldn't pay I was so scared and felt like a criminal despite I had payed them a lot of money. Reading this forum gave me confidence but I am still a novice so please understand me. Any advice is more than welcome.

Kind regards
Caesar

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