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Although the internet has had a huge effect on the way we shop for goods and services, catalogues are still frequently used to buy items and spread the cost over time. In the short term, these make certain purchases more affordable – but many are surprised by the often high-interest rates.
Potentially, even though you’re making the minimum payments on your debt, the total amount can actually increase. This can place some families in a position where clearing the catalogue debt seems like an unlikely prospect indeed.
Missing a catalogue payment usually leads to an initial response from the provider. Should payments continue to be missed, your account will likely be deactivated and the organisation may take action to recover the sums owed. This can involve debt collection agencies or bailiffs.
If bailiffs come to your door, it can be an extremely stressful experience. However, it’s important to remember that you aren’t powerless and have rights. For example, in the case of collecting catalogue debt, the bailiff is not allowedto force entry into your home.
Therefore, if you don’t want to let them in, you can just talk to them through a locked door or window. You don’t need to pay them on the doorstep, and you don’t need to open the door. Eventually, they’ll normally leave if you confirm the actions you’re taking to resolve the issue. Some individuals just choose to ignore them.
However, this is not a long-term solution. If you continue to ignore bailiffs, additional fees may be added while the catalogue debt will remain unpaid.
Falling behind with catalogue payments can certainly be worrying. Between the ever-growing debt and the concerns about what the company might do, it can seem like there’s no escape. Fortunately, you can contact us for a no-obligation, free conversation about what your next steps could be.
Catalogue debt is classed as non-priority. Although it may seem like a priority to you, this just means that it could be resolved as part of a debt management plan. Alternatively, for larger sums, an IVA (individual voluntary arrangement) could be a better option.
Regardless, we have more than 15 years’ experience helping people with their debts and catalogues are certainly something we hear about frequently. You are not alone and you’re not the first person to find themselves in this situation.
To help us find the best solution for you, simply complete the application form and one of our specialists will be in touch to discuss your circumstances. Alternatively, you can call us today to speak with one of these experts straight away.
NationalDebtService.co.uk is an independent website created to help users find a solution to their debt problems. Our service is free to use and you are under no obligation to accept any of the recommendations you receive. An IVA (Individual Voluntary Arrangement) is subject to acceptance.
Debt write off applies to unsecured debts and on completion of an IVA. A debt write off amount of between 20% and 80% is realistic, however the debt write off amount for each customer differs depending upon their individual financial circumstances and is subject to the approval of their creditors.
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At National Debt Service, we do not give advice. On completion of our form, we will introduce you to one of our authorised IPA regulated companies. We use the contact details you have given us on the form to make this introduction. A debt advisor will contact you by telephone. During that telephone call, the debt advisor will discuss your options in more detail. During this call, and other subsequent communications, you will be dealing with a debt solutions partner and not National Debt Service. We may receive commission from the company we introduce you to.
Free money help and advice can be found at the MoneyAdviceService.org.uk