Good morning all,

I've been with Eurodebt for 179 months, yes over 14 years and yes I know I've been pretty stupid.

I can't remember exactly who the original creditors were but it was credit card companies.

Having got myself in a mess when I was not paid for work completed I borrowed on cards to keep me going,

much of the debt rocketed with the addition of interest and PPI's,

I claimed back the PPI's but I was still in debt and struggling,

foolishly it seems now ended up with Eurodebt.

I've just been blindly paying this each month,

there is no realistic chance of me paying this off,

I'm paying £71 per month, to three companies

CapQuest,

Cabot Financial and

DLC

I can't remember who the original creditors were but I think these have changed hands more than once.

What can I do?

Advice gratefully received!

So you have a DMP with Eurodebt paying 3 debts ?

Can you list the 3 debts. E.g original creditor, type of debt ( credit card, loan type, current account overdraft), year you took out the account with the original creditors

Are you receiving regular statements showing the debts reducing ? Any interest still being added ?

How much in fees are Eurodebt deducting from your monthly payments ?

Good morning,

I must apologise it seems the company is Moneysave but I'm pretty certain it started out as Eurodebt.

I cannot remember the original creditor but it would have been credit cards Cap1, MBNA, or monument possibly.

I have been receiving regular monthly statements for the last four months. Moneysave are taking £35 with £36.05 showing as distributed to creditors. the balances are exactly the same on the first statement as they are on the most recent received a few days ago they are;

Cabot 1702.97

CapQuest 3870.56

DLC 47799.38

Cabot are showing as still charging interest but I've just noticed the totals for the balances are the same for the last four months..

To add to that the years these cards would have been taken out would be late 90's early 00's, the first disbursement is showing as february 2004.

dump them now

simply stop payments

get an sar running to them

there might be an F&F pot sitting around to reclaim.

bet your debts have been sold on again and again..

around their DCA mates

here you have some, we've had holidays and parties on him enough now

no dca will get cca's for cards that old.

on the cabot debt get an sar running to the original creditor.

once you confirm they terminated the card, go get that interest back off cabot

ruddy fleecers

dx

OK, Thank you for this, but just so Im clear I send a SAR to Moneysave/Eurodebt?

If I stop paying them Moneysave/Eurodebt are the DCA's then going come after me and if so how do I deal with them?

I'll try and find the original creditor for Cabot and send them a SAR.

What about CapQuest and DLC will they at some point threaten court?

Re the debt, yes I believe they have been sold multiple times!

we'll deal with the dca's as you get their letters

sar the DMP Co.

sar original creditor of the debt cabot now own.

have you moved / changed name since taking these out?

if so have you informed the DMP Co. each time?

make sure you read the full sar link and all its posts

OK thank you very much, I'll do that now.

The original cabot creditor was Cap1 and looking at some old paperwork it looks like it was originally sold in 2006 to NCO collections?

No I haven't moved so all my details will be accurate.

I'll keep you updated as and when letters start arriving! Many thanks.

Is that DLC debt of over £4700 a mortgage related debt i.e a shortfall debt after repossession.

If it is then you have to be more careful and we need more info.

It is different to a credit card debt.

Ah apologies that was a typo I hadn't noticed its £4799.38 and is either a credit card or credit agreement.

Good.

Stop payments.

SAR to Moneysave. ( Ask for a complete record of all payments they have processed and information they have on file regarding each debt).

You may get letters from Cabot, Capquest, DLC, but don't worry about these. But never ignore any court claim at any stage if one was ever issued. Come here for advice. These debts are so old now and you have paid much more than these DCA's would have bought the debts for. So every chance you might never have to pay any more.

OK, all done, will report back as soon as I hear anything. Many thanks.

Good morning,

the Cabot debt was Santander and they have acknowledged the SAR.

Moneysave/ Pentagon UK Ltd have sent a SAR request response form, which includes the requirement for two proofs of identity, (photocopies are ok apparently).

I didn't sign this one just printed my name,

they are asking that i return the form signed with the relevant information and they will then respond to my request,

is this normal enough for me to supply said information?

My mistake I mistook Debt management company for debt collection so didn't sign.

Many thanks.

send em a copy of your ctax bill

Ok will do, many thanks.

Good morning,

So the first letter from Cabot arrived yesterday, noting that I was no longer using the debt management company and giving me a 14 day hold, the letter was dated 18th September.

The final line was 'If we do not hear from you or your chosen debt advisor then we will continue to try to contact you through our normal collections team..'

Good let 'em arm wave

Will do!

Good morning,

a reply back from Santander saying they confirm they have located an MBNA account and have given me the address to write to, so presumably I will start again with MBNA?

Moneysave told me it was a Santander account,

are they or were Santander and MBNA linked?

Depending on your reply I will send a SAR off to MBNA tomorrow...

Early abbey cards were by MBNA

Ah ok, I'll send one off to MBNA tomorrow, thank you..

Good afternoon,

Well this is interesting.

I've had a reply from Santander this morning in which they state the accounts they have located is a retail store card, I have never owned a retail store card. However they have provided one copy of 'An application to open an account', dated 15/02/02.

All the details on the form are correct, current address at the time (which is the same as now), previous address plus contact details and signature, the only oddity is the first box which states my name and address isn't my handwriting and looks like its been written in a different pen. The other boxes are my handwriting, Curious...

well that would be a GE money store card then with?

dx

Ah yes on closer inspection it says GE Capitol Bank and the box marked 'Hawkshead' is ticked. I don't recall having any store cards least of all Hawkshead nor do I recall or indeed have anything with GE capitol bank on it...The handwriting is still puzzling me though!

Good afternoon,

today brought forth confirmation of SAR received from MBNA and a letter from Capquest on the same lines as the Cabot letter i.e you have a 14 day hold we will continue our collection activity on or after 26th October.

i'm assuming the same as Cabot, file and wait?

Many thanks.