"Hi I work for a Debt Agreement administrator. There are 3 ways to end a debt agreement, you pay it out in full, you can apply to have the agreement terminated (however interest backdates from the start of your agreement), or you can offer to make a…"
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what should I do about this debt?
My daughter decided to opt out of a course with an education department. We have a debt now & it's been passed onto debt collectors. She's only 17 and the bill is in her name! I don't want a bad debt over her head at such a young age!
I signed the form so my daughter can do course. I asked ed dept. to put it in my name & withdraw funds from my account, there was insufficient funds so it went straight to debt collectors. I didn't know you can go into bank and ask for an overdraw! I've agreed to pay them by BPay, which will leave me NO money. What do Fat Cats suggest I do please?
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Replies to This Discussion
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Permalink Reply by Di on -
hi again! two months later - no reply! from anyone! I shall give you an update. One more payment to go, thank goodness! The debtors have told me that if I keep the payments up, my daughter will not have bad credit. Please everyone think & think again before getting into such issues!
Latest Activity
Cliff Mearns replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"Ben, let's not lose the loop. How financiers view bankruptcy is not relevant to the discussion of an individual's capacity to pay something. Bankruptcy is being utilised as a means of evading debt obligations. "
Bankruptcy ben replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"I agree with the setiment however in reality there's nothing to encourage an individual to make a payment with a Debt Agreement! While technically it's different most financial companies regard it as the same as bankruptcy."
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