garden123
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If it is automatic does it go back down again automatically as well? I think this might have happened before but previous recent statements were showing min Payment of £15.
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Yep - minimum payment seemed to be around 50% of balance!! Correcting this to 70% of the balance!
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Thank you! That's a relief.
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So then both Natwest and RBS increased the minimum payment due from £15 a month to over £6000 a month! Then the next month told me I have broken the terms of my credit agreement by not paying the minimum amount ( I still paid the £15). Does this allow them to put defaults on my credit record again as they fell off after 6 years at the beginning of this year? I don't want to contact them because then we get all knotted up in the income and expenditure info route!
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My concern is that they will start aggressively chasing the debts but do you think it will just continue as before?
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I did all the CCA stuff years ago but they all managed to produce them!! Most of my creditors accepted Full & Finals after a couple of years. Only RBS continued to refuse. My Mortgage and Bank accounts are with RBS so not sure if stopping paying all together would be a good idea anyway? Each debt is around the 9k mark.
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Hi I have 2 credit card debts with RBS that are more than 6 years in default and so have fallen off my credit record. They are not statute barred as I make monthly payments of £15 each. I have now received letters from Wescot saying that - 'the account has been transferred to us and your account is now being directly managed by us' It lists the arrangement I had with RBS and says 'this is the arrangement we will be managing on their behalf'. I have not been actively chased for this debt for years, I just kept making the low payments. A couple of times in the last 6 years I made low full & final settlement offers which RBS did not accept. What can I expect now that the Wescot have been involved? I don't know where my Truecall machine is now but will I have to find it and plug it in again?!!
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Hi, I made a full and final settlement on a credit card debt with Moorcroft for 45% of debt. Now I have received a letter from Robinson Way Ltd chasing an amount that looks like the rest of the balance. I have checked my credit report and the debt is showing as only partially cleared. I can't remember if I got any paperwork from Moorcroft and we have had a chaotic house move since then so if I did it could be anywhere! What on earth can I do?
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Thank you, Vint1954 How should we reply to this type of letter? Is the next step the Access Letter?
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I got almost the same letter from Barclaycard. It isn't that the debt is old but that I have had the card from before 1985. It has been run perfectly since then until this year when I hit financial trouble. So is the stat-barred letter still applicable?
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What should I be suspicious about? That the niceness will not continue or that they may not have a valid CCA? Or something else?
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Yes! It is RMA - thank you. Should I go along with this?
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I'm sorry if this has been asked in this way before but I have spent days going through the wonderful forums and I still don't know what to do. I have large credit card debts. I have very little income due to business difficulties and I would need to be paying only a token £1 a month to my creditors. How do I proceed? I can see that people are asking for copies of their CCAs but at what stage should this step be taken. Does it cause a 'perfect storm' situation where once you ask the CC companies for CCAs they get tough instead of offering payment plans? Or have I nothing to lose by going down the CCA request route? Do I send them the £1 Payment with a PBS Letter at the same time as the CCA Request Letter? Or is there a specific time to resort to the CCA route? If these questions are answered on a thread I have missed please just direct me to it.
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I think they must be - I may have the initials wrong. I will check. Amex seemed to be being really nice & helpful and it was only after the conversation that I realised that they intend to pass it on to another company. I had thought all along that they were talking about a different department within Amex.
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I have asked for a payment agreement with AMEX and after going through my PBS they have said that they will pass it to DMA on a 'Regain' agreement. Should I do this or will I be in an even worse position?
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