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Reader

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  1. Hi we have a loan of £10k that we have been paying for the last 3 years and although we pay £350 per month we are only paying £500 off the loan each year as the charges and interest are nearly as much as what we are paying back. Now we may be in a position to settle the loan early but we had a settlement figure sent to us asking for £11000 to pay off the loan. Is this fair, is there anything we can do as I can't believe that we will have to pay so much back. Thanks Reader
  2. Hi I agree with Andydd. Definitely send a CCA request to all creditors and see what they come back with - post on CAG and we can take it from there. If they do not respond within 12 plus 2 days then they are in default of your request and you can put the account into dispute and stop payments. Personally this is what I have done, it is a very bumpy road but you will get loads of help from CAG. Much better to offer 5 or 10% instead of 25% any day. I CCA'd first then after 5 weeks I sent a SAR request to them all too, to see if I could claim any charges back etc and also again f
  3. Hi Hingis, just a thought but have you cca'd them yet? Are you sure they have properly executed credit card agreements? If they have not got an enforceable agreement some caggers have offered 5 or 10% of the balance as a full and final offer. Better than 25% Reader
  4. Hi Capricorn, yes I have had a few of those letters from different creditors. Note they say "may pursue litigation", just hot air as usual, if they have not got the agreement they are stuffed. I would send a letter back asking for a copy of the agreement via CPR 31.16 and send recorded delivery as they are in effect threatening court action (unless you have already done that). Thanks Reader
  5. Thanks Shadow, I had to read that a few times to sink in;) I get it now. Reader
  6. Thanks both, should I mention that I have been given the money or not say where it is from. I don't want them to think I am rolling in money! Thanks Reader
  7. Hi all, I have cca'd my and my partners creditors and all have no enforceable cca, some have admitted it but some are still wriggling around the fact. However, a close family member has said that they will give me a small sum of money to pay off the accounts as they can see that this is worrying me and having an affect on my health. I am looking to pay off about 5 or 10% of the debt due to an unenforceable cca in court. I have looked on the various threads and there doesn't seem to be a standard template letter for offering Full and Final offers when there isn't a valid CCA.
  8. Hi All, what is the difference if you put "prejudice" on an offer if there is no cca? I am getting confused as some say you can put it and some say don't? thanks Reader
  9. Reader

    Reader V M&S

    Thanks Seriouslyfedup - I like your terminology . I did think they were trying it on, just wondered if anyone else had had that written to them. Reader
  10. Hi thanks for your replies, it is just one side of an application form they have sent with none of the prescribed terms within the four corners of the agreement, which I think seems to be pretty standard from what I have gathered. Currently the FOS are looking into this and as I told them we are struggling with money at the moment, an adjudicator who specialises with hardship cases will be looking into this for me. M&S have continually hounded me regarding this even though they know the FOS are involved. Even via CPR they have ignored my request. Not sure how to proceed wi
  11. Hi all, letter received with the following from a debt collectors with the following paragraphs.... "The Ministry of Justice and the OFT have recently issued a consumer alert, warning people of the risks of being mislead over the enforceability of consumer credit agreements. We therefore strongly recommend you now seek legal advice if you intend to rely any further on the alleged breach of any of the acts that govern this account, pertaining to your liability to our client, as your current understanding is inaccurate. We confirm that a copy of this letter and previous correspondence wil
  12. Reader

    Reader V M&S

    Hi an update. Letter received with the following from a debt collectors with the following paragraph.... "The Ministry of Justice and the OFT have recently issued a consumer alert, warning people of the risks of being mislead over the enforceability of consumer credit agreements. We therefore strongly recommend you now seek legal advice if you intend to rely any further on the alleged breach of any of the acts that govern this account, pertaining to your liability to our client, as your current understanding is inaccurate. We confirm that a copy of this letter and previous corres
  13. I too received a perforated letter telling me that they will call some time. ReaderT
  14. Hi Yorky I picked up this thread from Sellyservis' thread. Perhaps a more experienced Cagger will tell you who to send the CCA request to, I am not sure as I originally CCA'd the banks. It is best to send a CCA as it will determine if they have an enforceable agreement and if they do not send the agreement within 12 plus 2 days then you can put the account into dispute and withhold payments. This will give you some breathing space. Whilst the account is in dispute they should also not add interest. If they do have an agreement well that can be scanned up and someone will have a look
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