Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Could not really believe this, but thought I would share it with you -
Have been in dmp for almost a year, but have managed to settle with all but one of our creditors a Full and final payment of 60%.
Egg are the only ones refusing but account has yet to be passed onto a DCA. Anyway, wrote to them and rang them and explained they are the only creditors not to accept and they are the lowest amount approx 1,000. They refused and said it was 'not their policy to accept anything but the whole amount, unless I had a terminal illness', to which the 'person' said - 'so do have you a terminal illness' - didn't know what to say to that so put the phone down in shock
A lot of creditors are really tightening up on full & finals and agreeing to IVAs and write offs. My understanding is that they are basically not happy with the amounts of debt currently being written off...
My thoughts on this is that they get what I offer, when I'm in a position to offer, or they get the nominal payments continuing, I know which I'd prefer if I was in their position! If they don't like the amount of debt being written off, they shouldn't have been such irresponsible lenders in the first place, but I guess they conveniently forget its them that raise people credit limits and entice them with low balance transfers etc. They want it all unfortunately
EGG and full and final settlement
for almost a year, but have managed to settle with all but one of our creditors a Full and final
payment of 60%.
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