Hello.

I have some debts with

1st Credit,

Westcot,

Frederickson,

BLS to name a few

whom (and switched hands between companies), from my Student days.

1st Credit is near 1.6k, the others are around £400 each.

I currently pay back via the Citizens Advice agreements each month.

Pretty much it's going to take 14 years to pay off 1st Credit for example.

They all often send me offers/reductions on the debt if I pay today, or pay XX amount, Westcot notably just started doing this today for a £400 debt.

Would I be wise in potentially sending requests through for the DCA taking control from the original creditor?

Or will I be paying these for 14 years?

Just seen a lot of posts of similar actions and wondering if it would be a possibility, and would their be any implications to me?

trying to understand what you mean here

you've blindly been paying DCA's on a number of debts without carrying out any checks to even see if they are enforceable via the consumer credit act? a dca is not a bailiff and has NO LEGAL POWERS.

can you list your debts please

what type of credit

when you took it out

who was the original creditor

how much owing

who you pay now

defaulted date

Some may well be unenforceable, and you are being cash cowed.

Hello All Figures Here: Appalling and poor decisions in my past, currently set up with CAB whom deal with the account sorting out payment figures every 12 months or so.

1st Credit (Originally from Aqua Default CC) - £ 1678 - Paying Back £8.93 per month

Defaulted 31/07/2013

Westcot (Was Drysden Fairfax -Originally Halifax Overdraft) - £ 502 Paying Back £2.63 per month*

NOTE I Can't find this on my noodle report. it says October 2016 - satisfed, if this is true I've been paying since October to who??

IDEM (Was BLS Collections (Originally Halifax Overdraft) - £1346 Paying Back £7.43 per month

07/05/2013

Frederickson (Capital One CC) - £531 - Paying Back 2.84

Defaulted 05/10/2012

*Note I think Drysden/Westcot are the same? I pay to the same account as Drysden, (Westcot got taken over a few months back) but never had an issue.

no wescot haven't been taken over

they are chasers not debt buyers

so they will have a named client

that's the debt owner.

they are nowt to do with drydens.

and drydens are solicitors they don't buy/own debts

again they'll have a stated client.

looking to me like it might be best to stop all payments

and await the deforestation through you door

and then we'll deal with them as they come on a one to one basis

rather than some stupid DMP provider

that checks NOTHING with regard to enforceability.

dx

I know this will sound ironic being that irresponsibility got me in this position to begin with, but I've been making payments for the past 3-4 years on these, to suddenly stop and just leave them is going to make things worse for myself no and be irresponsible?

Also I didn't mean Westcot had been taken over as a company

- I meant Westcot took over the account from Drysdens

- So Halifax still has the account?

I have a question to this

- the Westcot debt now shows as "Satisfied" on the credit report

- so how do I get confirmation for this?

Because Westcot recently offered me last week to pay it all off reduced.

Yet according to this Halifax say it was settled per the credit report in October 2016.

i would guess that Halifax have sold the debt on.

that would make it now show £0

pers i'd stop all payments to everyone.

dx

Thanks I'll contact them back via a recorded letter and say to Westcot it's been satisfied and I don't owe them anything.

In regards to not paying everyone else what is the benefit for this?

Is this not more damaging to my credit, and won't I be taken to court?

no don't go sending pointless letter tennis

you keep forgetting

all these companies are no powers DCA's

they ARE NOT BAILFFS

once we ascertain if the debts ARE enforceable

THEN we might restart payments.

but as it stands

i'll guess most are cash cow accounts

particularly the overdrafts .

dx

Thanks for the quick replies, I just thought that with the Halifax Debt settled on my credit score, then how have they got any debt for me to pay?

If I stop paying I just dont' want to end up in a worse position than I am now is all and have credit affected further.

it isnt settled unless it says settled. It may ahve just dropped off your file due to its age.

You have to read a few thread to get a feel of how these things work

Right thanks!

I am trying but the threads are so confusing some people send of Requests, some ignore the debt, others make payments. It's confusing

well all those things can happen in your case

however

as its stand

we need to establish a known status quo

the best one is simply stop paying.

those that are ones that need paying will soon become evident

and a few months missed wont hurt them nor you.

as I bet every one of your debts is already defaulted

and some already dropped off your credit file

they cant comeback...

and a debt thats till showing cant be defaulted twice.

so no more 'harm' can be done to your file.

Just wondering when were the two credit cards opened?

It may be worth sending a S78 request for each of those, sometimes they can not comply and it takes the pressure off

Did you have two Halifax accounts? - both in overdraft?

Rather than make a new thread I thought I'd return and post an update and get some actions to proceed further this year as I've not done anything since.

I've checked my report with both credit agencies via MSE Credit Club & Clear Score:

Under Defaulted/Closed Accounts:

*Note why does it say Account Settled?

Isn't that the default date?

Or does it mean they have sold it on,

because for Barclays for instance I pay the Recoveries Team Each Month"

Loan

Barclays £7942.00 Opened 07/10/2011 Account Settled 18/02/2013

Overdrafts:

Halifax Current Accounts (Overdrafts I was paying back both accounts show £0.00

1 Account Opened 06/08/2011 Account Settled 22/03/2013 (Shows last updated 2015)

1 Account Opened 14/08/2008 Account Settled 07/05/2013 (Shows last updated June 2017)

Natwest Bank £1130 Account Opened 26/08/2008 Account Settled 31/12/2016 - Credit File Note - Arrangement (I pay £10 a month - it has defaulted)

IDEM £1258 Account Opened 14/08/2008 Account Settled 07/05/2013 (I'm certain this is one of the Halifax Accounts)

Hoist - £194 - 1 Account Opened 06/08/2011 Account Settled 22/03/2013 (Second Halifax)

Credit Card

1st Credit (Was an Aqua Card) £1586 Account Opened 24/04/2009 Account Settled 31/07/2013

Capital One £499 - Account Started 07/02/2011 - Account Settled 05/10/2012

The actual company I pay to isn't listed on my report but I think it's Drysden

- It amy of changed but I still make the payment to Drysden who must pass it over because it's updated each month on my file

So within essence my credit file is screwed for the next decade or so.

But it seems the advice is to stop paying all these and request documentation from the owners?

As I understand no more damage can be caused to my credit file as they have all Defaulted, so even not paying won't damage it further?

If I stop paying, can I then be given a CCJ or taken to court for any of the above?

as post 13.

dx

All your debts will drop off your credit record 6 years after it has been defaulted.

The default is usually issued [but not always] 3 months after no payment has been made on that account.

So many of the companies should be dropping off your file soon regardless of the date you settled them.

Once you stop paying now, some of those companies will contact you to continue paying.

When they do , we will advise you how to continue from there.

Many of them I suspect will be unable to provide you with proof that you had a contract for that debt.

Those you need not carry on paying until they can provide proof since the Court cannot force you to pay without that proof.

Thus you cannot get a CCJ for those alleged debts.

Where there are outstanding amounts who do have proof of contract those you may have to repay but not before we have had them remove unjustified charges and any PPI that may be included which hopefully should reduce your repayments further.

Your credit file should be looking much better soon and certainly a lot quicker than 10 years and without the danger of getting any CCJs. I assume you do not have any of those to date?

moved to debt self help forum

I have none that's correct, I've been repaying them all small amounts over the years.

so time you stopped then go read post 13

So listening to the above, today is the day I usually make payments and today I haven't made payments on them bar 1 (that's missing from the above) it's an Vanquis Card that hasn't defaulted and I pay £10.30 a month back. As it's the direct owner I'm assuming I continue this and avoid any default action (I've had no charges on the account for failure to pay or anything).

And now I sit and wait for contact from the guys below and update accordingly? I guess

good you are atlast thinking straight

you should have stopped last year.

anyhow.

as the deforestation comes through your door

start a NEW THREAD FOR THAT DEBT in the named forum of the OC.