Could you legally write off some debt? Answer below to get started.
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
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For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
Have you missed a Ticketmaster payment? You’re not alone. Every month, over 170,000 people visit our website for advice on topics just like this one.
In this article, we’ll cover:
The steps to take if you have missed a Ticketmaster payment.
What happens when you miss a payment with Ticketmaster.
How to handle debt collectors if your details are sent to them.
We understand how stressful it can be to deal with a missed payment, as some of us have faced similar situations.
But don’t worry! This article will give you the tools you need to handle your situation with Ticketmaster.
Could you legally write off some debt?
There are several debt solutions in the UK, choosing the right one for you could write off some of your unaffordable debt, but the wrong one may be expensive and drawn out.
Answer below to get started.
This isn’t a full fact find. MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.
What happens when you miss a Ticketmaster payment?
You’ll be contacted when you miss a Ticketmaster payment using their “deposit scheme“.
The company will make a second attempt asking you to provide another card, which must be in your name.
Ticketmaster cancels your tickets when you can’t provide an alternative card within 14 days of a due date.
But the company holds onto a “handling fee” for defaulting on Ticketmaster payments. So they refund the amount you’ve already paid.
For example, if you paid the first instalment but failed to pay any others, you should get refunded the amount you originally paid within 14 days.
When you miss a Ticketmaster payment and you choose the Pay in 3 option, the Klarna missed payment rules apply.
Klarna will contact you when your first instalment fails.
After that, they attempt to take the money from your account two times. But they will let you know when. This allows you time to add funds to an account.
If, after two attempts, Klarna still can’t get the payment, they roll the missed one over to your second instalment. Then, when you can’t pay the next time, Klarna gives you a few days to add funds to your account.
However, if the payment fails even after two attempts, the amount gets rolled over to the final (third) instalment.
Klarna tries a further two times when the third instalment fails. This third instalment would include all the missed payments, so it could add up considerably.
When all attempts fail, you’ll be asked to pay the total outstanding amount.
Alternatively, your details could be sent to a debt collection agency for debt recovery. Klarna should let you know when they are forwarding your account to a debt collector.
Bear in mind that when you default on your Ticketmaster payments whilst on the Pay in 3 option, you may not be able to use any Klarna Buy Now Pay Later services until you clear the arrears.
How a debt solution could help
Some debt solutions can:
Stop nasty calls from creditors
Freeze interest and charges
Reduce your monthly payments
A few debt solutions can even result in writing off some of your debt.
Here’s an example:
Situation
Monthly income
£2,504
Monthly expenses
£2,345
Total debt
£32,049
Monthly debt repayments
Before
£587
After
£158
£429 reduction in monthly payments
If you want to learn what debt solutions are available to you, click the button below to get started.
Will your details be sent to a debt collection agency?
Yes, if you default on a Ticketmaster payment, your details could be sent to a debt collection agency.
This applies whether you used their Pay in 3 option or deposit ticket purchasing options. A default is just that, and a debt collector could be instructed to chase you to recover the amount you owe.
My advice is to avoid this happening by staying in touch with Ticketmaster instead of ignoring their messages. Try to resolve the problem by paying what you owe if you can.
If you can’t pay, try to negotiate a more affordable way of clearing the debt to avoid dealing with debt collectors.
What to do when a debt collector contacts you?
You should know your rights before a debt collector contacts you.
That way, you know what to say and do when dealing with debt collectors in the UK. There are things a debt collector can do, and there are things they cannot. This includes:
They can’t pretend they have any sort of legal authority.
Make you pay more than you can afford.
Force their way into your home.
I suggest you be honest with the debt collector.
Tell them if you’re experiencing financial difficulties. Do not ignore any correspondence they send you. You’ll eventually have to pay when you owe them money, that is, if you accept the debt is yours.
Thousands have already tackled their debt
Every day our partners, The Debt Advice Service, help people find out whether they can lower their repayments and finally tackle or write off some of their debt.
Natasha
I’d recommend this firm to anyone struggling with debt – my mind has been put to rest, all is getting sorted.
No. Once you buy tickets with the company, you can’t cancel your purchase.
Tickets are non-refundable, whether purchased through the Klarna option or Ticketmaster.
Could you legally write off some debt?
Answer below to get started.
This isn’t a full fact find. MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.
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Could you legally write off some debt? Answer below to get started.
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.