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Debt buster

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About Debt buster

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  1. Olliecat, Paragon will try it on with you, they are by far the nastiest company I had to deal with. Prior to them closing my account they would phone me every single day and made all sorts of threats. The fact remains that without the CCA they will have a very hard tine proving to a court that you owe them anything. I presume you don't have a CCJ from them? Are they putting anything on your credit file. If it's no to both then I suggest you write them a letter calling their bluff. Maybe hint that you are aware they have closed other accounts for not having the paperwork. Tell them you
  2. And a few weeks later they wrote back saying I owed nothing. Strange since they had been phoning me every day demanding payment.
  3. 29th June 2009 Dear Sir/Madam Account xxxxxxxxxxxxx. Account in dispute. without prejudice. Thank you for your letter dated 22nd June 2009 regarding the alleged debt to your company. Please note that I do not acknowledge this debt and will not enter into any further correspondence with you on the matter. Failure to supply a true copy of the CCA. As you are aware, your company are unable to supply a true copy of the consumer credit agreement from Universal Credit, although you have supplied a reconstructed version to comply with a request for a copy. The reconstr
  4. This was the letter Paragon sent me after I fired off a long complaint about my account. Universal Credit / Paragon debt hell: Letter from Paragon Finance (Universal Credit)
  5. The letter says you have not disputed the debt? That's wrong isn't it? Like I mentioned before, I had a huge problem with Paragon and finally got them off my back after they slipped up and told me they didn't have the credit agreement. I'd send a letter back by recorded delivery - Dear Arrow Without Prejudice Thank you for your letter dated 8.07.10, the content has been noted. The debt is subject to dispute for the following reason. Paragon have failed to provide a true copy of the consumer Credit Agreement for the alleged debt. I sent a request to you for
  6. Sorry it's been a very long time since I started this thread. I just wanted to update it as I see a number of other Paragon/universal credit threads still going. I sent the letter and Paragon closed my account, nothing more owing. Full details are in my blog below. http://paragondebts.blogspot.com/
  7. They probably don't have the credit agreement. I too had a loan from Universal Credit, which became Paragon. I run into problems and CAB negotiated a reduced payment, Paragon said they would freeze the interest, I later found they didn't. To cut a very long story, basically they claimed I owed £13k on a £3k loan, even though I had paid £14k back. I got the run around about the credit agreement, and then received a blank agreement with just my name and address. I called their bluff, stopped paying and after a year of Paragon calling me and sending me letters, they finally clos
  8. I'm sure they made some of that up. Freezing interest to add it back later? Who does that? The fact was Paragon agreed to the interest being frozen for however long it took to clear the debt, CAB made the agreement with them, Paragon never kept to it even though I was paying large sums each month and never missed a payment (Barclays did and I managed to clear a debt of £7000 with them). They are really nasty to deal with and make a lot of threats. Of course, without the CCA there was nothing much they could do about it. If anyone knows how I can get some of that money back p
  9. To which Paragon replied - Thank you for your recent letter, I apologise for the delay in responding to you. I have undertaken a full review of your account with Paragon finance and the issues you have raised. As you know, your loan for £6000 completed with Universal Credit LTD, a subsidary of Lloyds TSB, on 27th March 1995. The loan was to be repaid by monthly payments of £142.41 for a period of 7 years. Paragon acquired UCL in March 1998. You made monthly payments of £142.41 on the due date until January 1999 when you experienced financial difficulty. At that time, UCL ag
  10. Dear Sir/Madam Account 0***********. Account in dispute. Without Prejudice. Thank you for your letter dated 22nd June 2009 regarding the alleged debt to your company. Please note that I do not acknowledge this debt and will not enter into any further correspondence with you on the matter. Failure to supply a true copy of the CCA. As you are aware, your company are unable to supply a true copy of the consumer credit agreement from Universal Credit, although you have supplied a reconstructed version to comply with a request for a copy. The reconstructed version i
  11. Thanks for bringing this back up. Paragon had been a real pain to deal with, they called me constantly (sometimes two or three times a day) and made all sorts of threats. As mentioned, I had already paid back a considerable sum of money, £15,000. I discovered that they didn't have the CCA for my debt, and that is what I used against them. I did some research and found that most (if not all) Universal Credit agreements are unenforceable even if they have the agreement, which in my case they didn't. They have written off the debt although I haven't managed to get any mo
  12. A little more background to this. I paid £1 a month for about 3 or 4 months, then £10 for about two years. I then started paying more than the original monthly payments for a number of years, During this time I thought the interest was frozen and presumed I had nearly paid of the debt. I then requested a statement (they charged me £25 for this!). The statement showed the interest had never been frozen and when I was paying £20 a month they had been adding a couple of hundred a month in interest. I then started paying £220 a month to try and clear the debt. In total I paid over £15k to
  13. I had a loan with Universal Credit back in the 1990's, Paragon brought them out. At the time I had an agreement to make reduced payments with all interest frozen. CAB made the agreement. Paragon secretly added interest at around 30% for many years, pushing a debt of £4k to around £28,000. To date I have paid more than £15,000 back, they claimed I still owed another £13k, I stopped paying a year ago. Recently I found they didn't have the CCA and can't legally enforce the debt. They kept hassling me though, daily phone calls etc. Then a couple of months back I sent a le
  14. Also, forgot to add. I cancelled within the 14 day cooling off period that the AA state in writing. The policy renewal divided by 365 x 7 days is £7, not £17.
  15. My AA insurance run out on the 25th June. I attempted to contact the AA to cancel as the renewal was considerably more than other companies quoted. After spending about 20 minutes in a phone queue I gave up and sent an email, which bounced back. I cancelled my direct debit and took a new policy. I tried several more times and didn't manage to get through. Finally today, 5 working days later, I managed to get hold of someone after spending 35 minutes waiting, the first person couldn't deal with my cancellation and I spent another 10 minutes in the queue. Finally I cancelled the polic
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