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<blockquote data-quote="vishamacharya" data-source="post: 29297772" data-attributes="member: 564005"><p>If you don't pay:</p><p>1. It will be automatically recorded in CRIB. This is automated.</p><p>2. They will send letters after letters</p><p>3. They will send debt collectors to come to your property. Debt collectors can't enter your property without your permission.</p><p>4. Debt collectors will shout outside your house saying you have to pay your bill</p><p>5. Your guarantors (if any) will be asked to pay</p><p>6. Debt collectors can also contact your office (this is illegal but they do it anyway)</p><p>7. Debt collectors can also contact your friends and family (this is illegal but they do it anyway)</p><p>8. The bank can take you to courts</p><p>9. If the courts rules, they can seize your property</p><p></p><p>What you should do:</p><p>1. Write to the bank and tell them you can't pay</p><p>2. Ask them to convert it to a loan or a settlement plan</p><p>3. If the bank is not helpful, go to the financial ombudsman and ask to agree on a settlement plan</p></blockquote><p></p>
[QUOTE="vishamacharya, post: 29297772, member: 564005"] If you don't pay: 1. It will be automatically recorded in CRIB. This is automated. 2. They will send letters after letters 3. They will send debt collectors to come to your property. Debt collectors can't enter your property without your permission. 4. Debt collectors will shout outside your house saying you have to pay your bill 5. Your guarantors (if any) will be asked to pay 6. Debt collectors can also contact your office (this is illegal but they do it anyway) 7. Debt collectors can also contact your friends and family (this is illegal but they do it anyway) 8. The bank can take you to courts 9. If the courts rules, they can seize your property What you should do: 1. Write to the bank and tell them you can't pay 2. Ask them to convert it to a loan or a settlement plan 3. If the bank is not helpful, go to the financial ombudsman and ask to agree on a settlement plan [/QUOTE]
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