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?!!

Hi Garden

Welcome back to CAG.

Check if Wescot have CCA.

Wescot wont own anything on this debt so no chance of legal.

How much is left owing? Do not pay RBS until they can cough up a CCA

Wescot don't buy debts so can be totally ignored

Keep doing what you are

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.

My concern is that they will start aggressively chasing the debts but do you think it will just continue as before?

Its still owned by the OC

On debts like this

We would never recommend stopping payment

As DX says still with OC.

No Action can be taken by Wescot.

Keep paying RBS

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!

a debt can only be defaulted once

Thank you! That's a relief.

6k a month?? Seriously?

Suspect RBS did it automatically and no human input.... They have a habit of doing it,.

Yep - minimum payment seemed to be around 50% of balance!!

Correcting this to 70% of the balance!

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.

I too received a letter in July stating that Wescot were now going to manage my Natwest credit card debit but to keep paying Natwest - I don't have a problem with that arrangement.

I pay Natwest £1 per month, however once per year, at the time of my annual review, my monthly statement from Natwest will show my next minimum payment to be around £4K (around 50% of the o/s balance).

The first time that happened a few years ago I telephoned Natwest to ask what was going on.

They said it was just something that happens when the account is reviewed and just to ignore it.

Sure enough the next statement is back to requesting a minimum payment of £1

Like the o/p above, I've also been unable to get Natwest to accept a f&f and I'm not a home owner.

There was a policy shift fairly recently where RBS sold their non performing debts. I am guessing this is their next stage, farm out the management of debts being paid.

Like you when I CCAd RBS they came up with the agreement but since it's been sold Cabot have failed to stump up the goods. They stopped sending me statements long ago.

There is some discussion as to the best time to send CCA requests but certainly better once the debt has actively been sold on.

Florish did you ever cca NatWest?

Garden, when they came up with the cca paperwork, was it compliant I.e did it have all the prescribed terms, only relevant though if the agreements are pre Apr 2007

Hi fletch, yes I cca'd Natwest 2 or 3 years ago and they managed to produce a compliant cca - at least I was told by someone it was compliant and accepted that.

I'll need to look it out again - it was an application form for a credit card taken out in 1997.

However although they've produced the prescribed terms, I think they're on separate pieces of paper that Natwest also sent to me. I'll have another look tomorrow.