I understand, I will keep you guys updated if anything changes.

Do you mean I have a slim chance of losing in court as I am still paying them all I can afford?

Also I've renegotiated with my other credit and dropped them down to a certain amount so I can pay Tesco equally.

Shall I just send them this new budget form with updated details of this and mention I will be paying them the new amount monthly?

Or just leave it all and just carry on paying x/month without replying like DX mentions.

99% of original creditors do not do court.

to much to lose with bad publicity they'd rather sell the debt on and reclaim their losses [if ANY] through their insurance, tax reclaim and built-in business models that accommodate such 'losses']

if you can pay more then when you can do so.

remember the golden rule..

its YOUR money , you control it ..NOT your creditors.

just pay what you say or move to when you have said and do it.

you don't need their permission.

if a creditor were not to help you [ie refrain from charging interest and levying penalty charges ] then you write again with letter 2 , expressing your displeasure, and drop their payments right down, as they are NOT helping you as they should

dx

Well I guess I can pay more now after negotiating with my other creditor. I will inform them of this.

No need to tell them the balance with the other creditor, right?

Thank you once again.

pers i'd simply pay more if you CAN comfortably..

no need to tell them.

dx

Why pay more? Use that money for something in your life that you need. Or put away for a rainy day. Dont go short to pay more than youre paying others.

Understood, I'm just going to carry on paying what I said I will and I won't be replying to this letter.

Also, I'm moving homes but I have setup a Royal Mail redirection service, shall I inform them of my change of address?

yes and ALL THE OTHERS ON YOUR CREDIT FILE.

as well as any utils etc and don't forget car V5C and Driving licence.

Also I've renegotiated with my other credit and dropped them down to a certain amount so I can pay Tesco equally.

You shouldn't be paying your creditors equally but on a pro-rata basis which means you should split your disposable income between all of your creditors depending on how much you owe each one. The creditor you owe the most money to receives the largest proportion of your disposable income. There are calculators online which can calculate the repayments for you, just search for "non-priority debt calculator".

That makes sense why they've asked for the balance of that account then.

Yes, it probably is, Tesco want to make sure that you are not giving preferential treatment to your other creditor. It will also ensure that you do not have any problems in the future if you become insolvent.

It will also ensure that you do not have any problems in the future if you become insolvent.

Just out of curiosity, can you expand on this please. Thank you.

You should treat all of your creditors fairly, which means making repayments on a pro-rata basis, not doing so can result in a 'preference'. If you become insolvent in the future, Bankruptcy, IVA, DRO, Administration Order, any preferential payments to creditors can be reversed.

As an example, you owe Tesco £10,000, Barclays £5,000 and your brother £7,000. You choose to pay your brother £7,000 and offer Tesco and Barclays pro-rata payments from disposable income. If you then become insolvent, any transactions you have made (within time limits) will be scrutinised. In this scenario, you have made a preferential payment to your brother which can be reversed, leaving your brother liable to repay £7,000. The same applies to all creditors, any preferential payments to creditors can be reversed, resulting in you becoming liable for debts which you may think are already settled.

Hi,

Got it all sorted and paying them on a pro-rata basis for the next few months.

They've also sent me a default notice and said the arrears on my account have to be paid within 28 days.

Is this just generic? Because they have acknowledged that I will be paying them pro-rata.

good they've sent a default notice

and no you don't have to pay the arrears by that date

then it gives them the OK to register a default after that date IF they want too

which is what you want.

as no-matter what now happens..

once the default IS registered

paid or not, paying or not...the account will vanish from your file in 6yrs.

doesn't mean it might not still be owed mind...

Hi,

I've just received another stating I must pay the whole remaining balance in a week, otherwise they will send it to their recoveries department to work out a payment plan or send my account to a debt collector or put a default on my credit file.

I have already agreed a payment plan for 6 months, are these just generic letters or do I need to reply to them?

Thank you.

generic

Ignore them. Theyre automatic and have no human input. You have a repayment plan in place. Stick to it without fail, and if a silly no powers DCA sends a letter , tell them to take a running jump, as a plan is in place, and any further communication by them will be ignored.

Thread reopened.

HB

Hi I hope all is well and wishing everyone a happy new year.

I've just received a letter from Tesco stating that the debt has now been ''passed to their DCA Moorcroft..'' and that I should await contact from them within the next few days.

Shall I still continue paying Tesco? Or wait and see what moorcroft say?

a dca is NOT a BAILIFF

and have 

ZERO legal powers on ANY debt - no matter what its type.

you totally ignore them.

dx

Thanks for the reply dx.

I noticed in another thread you mentioned that the poster should send a letter to the original lender stating that they do not want to deal with a DCA because they are abusive and threatening. Shall I proceed to do the same?

must be old.

dont ..never entertain a DCA in any silly letter tennis.

just gives them some feeling of grandeur.

dx