Debt: Is it ok to show-up to the financing firm after 9 months of non-payment?

I had a loan to this certain financing firm but was out of the country for almost 9 months now. Now that I am back, I was thinking of showing-up but I am scared of the consequences since they have sent me loads of demand letters & solicitor letters.

Any advice? NO silly replies please. Thanks!

1) You need to go talk to them, regardless of your reason.

2) Next time you leave the country, let them know. You may not be punished as severely.

You are better of contacting the loan agent then ignoring it. This has already damaged your credit and the only way to get it back on track is to pay off the debt. Go to the loan office, the worst that will happen is that you guys will come to a payment agreement and get things worked out.

Check your credit history first, then contact them, especially if they have black marked you.

They'll be quite chuffed that you got in touch because at the end of the day, they want their money.

I can't be on the mortgage agreement or get a joint account because this happened to me! Really inconvienent for paying bills, hire agreements and bank accounts.

they will always be glad to hear from you as long as your going to pay. its not like they are going to shout at you for not paying.

if they have already sent the matter off to the court and a debt collector then forget it as the debt is no longer the financing companys problem and they can't do anything about it as the debt will have been passed on.

If you intend to pay off the debt, they will welcome you with open arms.
You may be able to negotiate a lower settlement if you are able to pay in full. Otherwise, keep in mind the accumulated interest .

We don't have debtor's prison any longer. There's nothing to fear.

How much do you owe compared with your assets?
If you own a house say you haven't got a lot of choice but to go to them. Say you were called away on a family emergency or some other tale.
However try and negotiate away any penalties. Just pay the interest.

In the end they will be happy to see you ( your not running away with their money after all)

Don't go out after dark.... :)

No, get in touch with them. They'll probably negotiate terms with you. Pay it out and fix your credit.

you definately need to go see them.

put yourself in their position, if you lent a mate money and they went away for 9 months without telling you, then avoided you when they got back, you would probably break their legs.

If on the otherhand they sought you out, explained their problem and made an agreement to pay you back, you would be more lenient.


A finance company cannot break your legs but can issue court proceedings.

as above