Hi, I've not been on this site for a while!. Does anyone have any experience with the PRA Group?

I have a balance of £1297.80 from an old overdraft with Halifax/Lloyds TSB.

The original default notice from the Halifax was 17/8/2011.

I have been paying the PRA Group £5 per month as a token payment.

PAR Group have now offered a measly 10% discount in full and final settlement.

I've recently come to an agreement with another DCA and that was nearly 50% discounted .

In the past I have offered to pay 30% of the debt to PRA Group but they have declined.

The debt has been passed from pillar to post so they probably have paid peanuts for it.

Just wondered if anyone can offer any suggestions as to how to tackle them?

Ignore them and stop your £5 pm...your payments are simply stopping the Statute of Limitations on a debt that most probably consists of mainly penalty/interest charges...and not your actual overdraft.

Regards

Andy

and why are you blindly paying your other debts too

a DCA is NOT A BAILIFF!!

they have

NO SUCH LEGAL POWERS.

dx

Oh, I had no idea. So if I stop paying DCAs, they can't do anything?

Have I understood that correctly?

Other debts are relating to credit cards and I have been making token payments to them too!

(Capital One and Moorcroft).

The debts are all approximately 6 years old.

they have no more powers than you or I have

if we think someone owes us money..

and thats issue a court claimform..

list your debts please

original creditor

what type of credit

when you took it out

who you pay now

defaulted date from your credit file.

" Oh, I had no idea. So if I stop paying DCAs, they can't do anything?

Have I understood that correctly? "

Depends on the DCA...we know which will and wont issue a court claim....at the moment your in no mans land paying on the drip to DCAs forever....and they may still issue a court claim even if you continue to pay....by stopping payment and waiting to see if they do issue a claim... will bring it to a halt...and even if they did and you lost...at least your payments from there on will be on a Legal footing.

Andy

Thanks everyone for your replies, it's been an eye opener.

In response to @dx100, here's my outstanding debts:

PRA Group (original debt was an overdraft with the Halifax). Amount owing = £1297.80. Currently paying token payment of £5 a month.

Capital One (credit card). Amount owing £6200. Got credit card in April 2005. First default April 2006. Currently paying token payment of £1 a month.

Moorcroft Debt Recovery (Egg credit card). Amount owing £3500. Not sure when credit card started. First default April 2006. Currently paying token payment of £5 a month

pers i'd stop payments to them all

looks like you are being cash cowed on every one of 'em

who are moorcrofts client?

they only chase debts not buy them.

@dx100uk Moorcroft are chasing the Egg credit card

so their client is stated as egg?

dx

@dx100uk - Yes, that's correct.

Moorcroft Debt Recovery = Egg credit card

PRA Group = Halifax overdraft

Capital One (credit card) = no DCA

Am I within my rights to withhold payments to all 3 (even though Capital One isn't a DCA)? If so, how would I respond when they ask what my reason is for the stopping payments?

Re the Egg debt - this was bought by Credit Solutions Ltd (I can't find a notice of assignment in my records), then passed to Moorcroft Debt Recovery (I can't find a notice of assignment for them either)!

In addition, they have never sent me any annual statements

well forge the PRA debt now that's dead..

CSL don't buy debts neither do Moorcroft.

so if Moorcroft state their client is EGG

then you've

cap1

and

Egg

to deal with directly.

as they are only £1/£5 respectively i'd be paying that direct to the OC

never a DCA.

as long as they will freeze charges and interest.

letter is in the debt collection section of our library