Hello carl123,

Welcome to the Trust-Deed forum. Sorry to hear about the effect of the interest on this debt.

Mark or Kevin may have some ideas on how it might be addressed when they next get chance to visit the forum.

Do you have any other debt?

Hi carl123

There may not be much you can do about the interest I'm afraid - they are probably entitled to charge it. Did they raise a court action at the time? Also, when did you last make a payment to this debt?

hi kevin
they did raise court action in 2002 i returned ccj forms and have been paying payments up to date the payments would never have payed the debt off it has now got over 3000 pounds of interest on it can i write to them to remove the interest with an offer of increased payments on the original amount

quote:

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Originally posted by carl123

hi kevin
they did raise court action in 2002 i returned ccj forms and have been paying payments up to date the payments would never have payed the debt off it has now got over 3000 pounds of interest on it can i write to them to remove the interest with an offer of increased payments on the original amount

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any advise[:0]

It must be worth a shot trying to make an improved offer to them if they will write off some of the debt. Do you have any other debts? If so it might be worth considering a trust deed, or maybe a payment programme under the Debt Arrangement Scheme, as interest is automatically suspended under these solutions.