I need financial advice

I owe several thousand pound on a credit card and the debt was bought by a collections agency. I pay them £10 a month and they have never said it is not enough or not acceptable. Now they have sent me a letter saying I broke the agreement although I am still paying them, and they are demanding the entire amount in one go.

Can they do this? I am really worried. I do not want to fill out an income and expenditure form, and they agreed to this, as I work for a finance company who did not ask me to do a credit check on employing me. I don't want my employer to find out my financial situation.

What can I do? I am worried sick.

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RealMustangGuy · 61-69, MVIP

Can you call an attorney (perhaps called barristers where you are) and ask them your question? They might be able to provide you an answer that might not even require enough of their time to bill you for.

Or as another option, you might be able to find a consumer credit counseling group that might be able to offer you free advice. Don't worry needlessly over this, but do try to find out where you stand legally and what your rights are in your country. The collection agency wants to be paid, and you want to pay them. So hopefully you can find a good compromise that both sides can accept without damaging your reputation.