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Sir Broke

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About Sir Broke

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  1. Are there any keen legal minds that think there could be a case to answer
  2. the reason i ask is that there seems to be an inconsitent policy amongst creditors with regards to freezing interest. If for example i have 3 debts of £5000 to each creditor and 2 crditors have frozen interest, and the remaining one continues to charge interest, how can i treat each creditor equally if i pay them on all an equal amount each month. Firstly by continuing to charge interest the said creditor is negating the benifit of paying anything towards the debt as it is increasing. Secondly by continuing to pay all creditors in equal proportion i would be treating the creditors that had fro
  3. This may sound far out but given that i have no assets, if wrote to each of my unsecured creditors each month offering them my total surplus income for that month in return for writing some of my debt off and at the end of the month paid the entire amount to creditor that offered the biggest write off and continued until such a point where the debt becomes servicable again. Would that not be considered as treating each unsecured creditor fairly in the eyes of the law? After all i would have given each creditor an equal shot at getting thier money each month.
  4. Court cuts vulture fund's claim | Business | The Guardian This case might be useful to bear in mind for legal or negotiating purposes when dealing with DCA who have bought your debt. In Feb 19 th Last year British court made a ruling that Donegal ltd A vulture fund ( DCA being equivalent for consumer debt) which had claimed $55 icluding interest and charges million dollars from the Govt of Zambia for a defaulted debt of $30m that they bought for $3.2m in 1999 from the Govt of Romania, were only able to enforce $15m. This may be worth referring to when a DCAs starts adding interest an
  5. I think (a) means they can charge interest on interest but not at a higher rate than the interest rate on the unpaid sums. b) I think means that if it was a joint loan they have to take disregard the other partys share of the unpaid sum in order to calculate interest. please can anyone confirm this as I am eager to know and im sure many others are too, also if the debt is sold can the DCA or debt buyer start charging interest of so at what rate?
  6. My point is to never let your creditors know that you fear BR. If they do then that puts you in a much weaker negotiating position, its like a game of poker i guess.
  7. Tell them that unless they stop you will start giving the £25 per month to Natwest instead, PS why would you lose your job because of BR,?here are only certain jobs that you can lose because of BR , namely lawyer , Cmpany Director or MP.
  8. Copied this thread from another forum thought it might be useful.... SB ....Credit Card debt - best way to deal with it? Moderators: Noe, TalbotWoods, Less, Paul76, Yogi Bear Page 1 of 1 [ 13 posts ] Print view Previous topic | Next topic AuthorMessage yozzzzz Post subject: ....Credit Card debt - best way to deal with it?Posted: Wed Apr 30, 2008 4:07 pm Hi, I'm New Joined: Wed Apr 30, 2008 3:50 pm Posts: 2 Afternoon - Thanks in advance for any help or advice
  9. I am at a crucial time of deciding what to do, im just trying to get as much info and advice from as many sources as possible. PM was usd just so wasnt accused of advertising since i was invited to the site by anonomous person etc although i do like their approach. Hope you were not offended and apologies if you were. Anyway check out the thread that i copied from another forum what do you thinK?
  10. Hi there I copied the following thread from another forum which may be of interest to this debate ________________________________________________________________ ForumAll times a ....Credit Card debt - best way to deal with it? Moderators: Noe, TalbotWoods, Less, Paul76, Yogi Bear Page 1 of 1 [ 13 posts ] Print view Previous topic | Next topic AuthorMessage yozzzzz Post subject: ....Credit Card debt - best way to deal with it?Posted: Wed Apr 30, 2008 4:07 pm Hi, I'm New Joined: Wed Apr 30, 2008 3:50 pm Posts: 2 Afternoon - Thanks in advance for any help
  11. I know its not advisable to pick up the phone or talk to DCAs on phone but was wondering if when they phone could ask them for an email address to contact them on?
  12. Now that youve gone through all of that, you might want to post a copy of that notice of discontinuation to the other 9 cc companies and see what they will offer you now. be interesting to see if they change thier tune,
  13. im not sure yet? Just want to know if that whole debt with Nationwide has now been written off for you ?or can they somehow open up the claim again or sell it or pass it onto another DCA
  14. Congratulations, does that mean you dont have to make any payments to that creditor? ie your monthly payments have decreased? why would you decide yo pay them? will this result improve your credit record in any way?Perhaps now you can adopt my suggested strategy of offering them something in return for debt written off?
  15. what is the favourable outcome and what is the worst outcome of going to court?
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