Hi

To cut long story short,

had a debt around £15k with original lender who assigned the debt to a DCA last summer (2016).

DCA wrote chasing debt

- I replied stating that in my view (formed by reading loads of stuff on internet) debt was unenforceable.

DCA said would look into the matter

almost a year later,

has written saying they would not pursue legal action 'at this time' but would I get in touch to arrange repayment of the debt.

I am assuming (ha ha,always tell my kids never to assume anything) this is as close as DCA will come to admitting debt unenforceable (?)

what would be a sensible course of action to take in respect of their request for me to get in touch re repayment?

Most grateful for any advice and thanks in advance.

It's up to you. It seems that the debt is unenforceable and so if that's the way you want to play it, I would not get in contact with them – but keep all the paperwork.

If you feel that despite the lack of legal enforceability, that you would like to pay it off or part of it off then you should contact them and negotiate a settlement.

Don't forget that even though it may be unenforceable at law, it will still remain on your credit file for six years. However, even if you arrange a settlement or clear it completely, it will still remain as a black mark on your credit file for six years

Who is the OC and who is the DCA? Pointless cloak & daggers.

When did you take this agreement out?

Thnx for reply - OC Halifax - taken out 2004 - DCA Cabot

DCA's are NOT BAILIFFS

they have no such legal powers.

you should never be blindly paying them or thinking of doing so with proof of debt and paperwork ownership.

dx

dx

Enuf black marks all over the place,credit rating shot to bits so don't see much point trying to repay,even if I were in a position to do so - appreciate reply,thnx

Good one,thank you dx

tell us about the debt please

Had a similar situation that you helped me with

- I paid (MUG) Highbridge ,supposedly to take the debt off my hands once and for all,

then they went into liquidation

- pretty much a con really

- not long after

- after Highbridge had had the debt for 2 years or so

- Halifax took up the reins again.

At some point, probably after stream of letters from me, they got fed up and assigned debt to Cabot.

Now Cabot saying they do not intend to pursue legal action,

I see this as confirmation unenforceable, and would not, and in any event, am not able to, talk about repaying.

ever sent a CCA request to cabot?

or just leave it be,.

Cabot dont chase enforceable debts. Get a CCA request off.

Not sure I'm with you renegadeimp - why don't they chase enforceable debts?

Theyre bottom feeders. They take debts nobody else will. Then harass peopel into paying, or if they think y ou wont reply or youre gullible, they try and get a judgement by default so it costs you a small fortune to set aside.

Remember, a very tiny percentage of all debtors even know the basics of what to do if a DCA starts contacting them. Cabot and the rest of them know this very well, and exploit it. Thats why a lot of them use borderline illegal tactics to get money from people, and many debtors are too scared to challenge them. When they do challenge, the DCA simply says " sorry, admin error".

renegadeimp - pls see reply to dx1oouk re CCA - thank you for your time on this -

Understood,what a lowlife way of doing business - would be good to shaft them in return - apologies for language and thanks again,great stuff!

Debt Buying is by far the biggest banking business ....

99% is fake debt

dx

Did you ever hit Shallowfax with a reclaim for any charges/fees they added?

The fact they flogged this on should ring alarm bells, a sum of this amount is usually chased to the death by the banks own in-house collection arm, BOS-Blair Oliver & Snot.

astonishing! and worrying...

Hi Bazooka Boo - no,I didn't hit them for any charges/fees - looking thru my old bumf,it's hard to see where charges might have been added - just total sums owing etc. But thnx for reply.

Also remember, when a debt is sold, the OC double dips. They write the debt off against tax/insurance and get a small payout for it, then get a payout from the buyer too. The buyer might pay maybe 10% of what the total debt is. Some DCA's might pay just 1% if its a total junk debt.

Thnx renegadeimp - there's more to all this than meets the eye!

There sure is. And theres not much regulation surrounding it either. because the bodies that do regulate it seem to be very reluctant to do anything.

Sounds a familiar story!

Good morning - would anyone know the rights and wrongs of this - a debt purchaser obtained my mobile number from some sort of investigatory company - would that be lawful?

Thread moved to the appropriate forum...please continue to post here to your thread.

Regards

Andy