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garden123

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Everything posted by garden123

  1. If it is automatic does it go back down again automatically as well? I think this might have happened before but previous recent statements were showing min Payment of £15.
  2. Yep - minimum payment seemed to be around 50% of balance!! Correcting this to 70% of the balance!
  3. So then both Natwest and RBS increased the minimum payment due from £15 a month to over £6000 a month! Then the next month told me I have broken the terms of my credit agreement by not paying the minimum amount ( I still paid the £15). Does this allow them to put defaults on my credit record again as they fell off after 6 years at the beginning of this year? I don't want to contact them because then we get all knotted up in the income and expenditure info route!
  4. My concern is that they will start aggressively chasing the debts but do you think it will just continue as before?
  5. I did all the CCA stuff years ago but they all managed to produce them!! Most of my creditors accepted Full & Finals after a couple of years. Only RBS continued to refuse. My Mortgage and Bank accounts are with RBS so not sure if stopping paying all together would be a good idea anyway? Each debt is around the 9k mark.
  6. Hi I have 2 credit card debts with RBS that are more than 6 years in default and so have fallen off my credit record. They are not statute barred as I make monthly payments of £15 each. I have now received letters from Wescot saying that - 'the account has been transferred to us and your account is now being directly managed by us' It lists the arrangement I had with RBS and says 'this is the arrangement we will be managing on their behalf'. I have not been actively chased for this debt for years, I just kept making the low payments. A couple of times in the last 6 years I made low full & final settlement offers which RBS did not accept. What can I expect now that the Wescot have been involved? I don't know where my Truecall machine is now but will I have to find it and plug it in again?!!
  7. Hi, I made a full and final settlement on a credit card debt with Moorcroft for 45% of debt. Now I have received a letter from Robinson Way Ltd chasing an amount that looks like the rest of the balance. I have checked my credit report and the debt is showing as only partially cleared. I can't remember if I got any paperwork from Moorcroft and we have had a chaotic house move since then so if I did it could be anywhere! What on earth can I do?
  8. Thank you, Vint1954 How should we reply to this type of letter? Is the next step the Access Letter?
  9. I got almost the same letter from Barclaycard. It isn't that the debt is old but that I have had the card from before 1985. It has been run perfectly since then until this year when I hit financial trouble. So is the stat-barred letter still applicable?
  10. What should I be suspicious about? That the niceness will not continue or that they may not have a valid CCA? Or something else?
  11. Yes! It is RMA - thank you. Should I go along with this?
  12. I'm sorry if this has been asked in this way before but I have spent days going through the wonderful forums and I still don't know what to do. I have large credit card debts. I have very little income due to business difficulties and I would need to be paying only a token £1 a month to my creditors. How do I proceed? I can see that people are asking for copies of their CCAs but at what stage should this step be taken. Does it cause a 'perfect storm' situation where once you ask the CC companies for CCAs they get tough instead of offering payment plans? Or have I nothing to lose by going down the CCA request route? Do I send them the £1 Payment with a PBS Letter at the same time as the CCA Request Letter? Or is there a specific time to resort to the CCA route? If these questions are answered on a thread I have missed please just direct me to it.
  13. I think they must be - I may have the initials wrong. I will check. Amex seemed to be being really nice & helpful and it was only after the conversation that I realised that they intend to pass it on to another company. I had thought all along that they were talking about a different department within Amex.
  14. I have asked for a payment agreement with AMEX and after going through my PBS they have said that they will pass it to DMA on a 'Regain' agreement. Should I do this or will I be in an even worse position?
  15. Looking back through the paperwork I have, I think that when I remortgaged with them to a new product, they released the charge from the old mortgage but did not put a new charge on for the replacement mortgage.
  16. Thank you so much for taking the trouble to look into this for me. The figures would vary depending on how much we can sell the house for but at a hopefully realistic sale price the percentages would be as follows:- 1st Charge 4% 2nd Charge (Wife) 57% Remainder for me or bank and other unsecured creditors 39% If the bank had a 3rd charge and got the whole remainder it would represent 50% of the debt. My credit card debts are very large as I was trying to support my business and so if the bank only got a proportionate share they would only get 25% of the debt repaid. I had to sign for the charge holders to register their charge, so I assume that I will have signed for the bank to do this when I took out the mortgage even though they didn't do it. So I guess that as soon as they know the situation they will register the charge using the original paperwork. The bank is the RBS.
  17. We have checked with the Land Registry and the bank has not registered a charge. The small creditor is first and my wife is second. My wife can prove financial input but I understand it can look like a deliberate attempt to make herself a preferential creditor but to be honest, it is! The bank involved is also our business bank and it is their actions that have driven us to this state. What I do not know is - if my signing a mortgage agreement gives the bank a prior claim to the properly registered charges even though they have not registered. I know this is a complicated situation but cannot pay for the professional advice that I would normally seek. The thing that I should make clearer is that, in reality, I do not want to run away from this debt but I would be very happy to have the bank in a weak position that would make them come to terms rather than force us into repossession. Our dream outcome is that we sell our house, my wife uses her payment to buy a small house, I pay off some of the mortgage debt and carry the rest forward in an unsecured loan. I know it is a lot to hope for! Thank you for trying to help.
  18. Thank you for your reply. I have had the mortgage for 5 years. Due to business difficulties I am unable to pay my mortgage, tax or credit card debts. The house is in my name only. When a creditor registered a charge for a small amount we discovered that the bank that holds the mortgage had never registered a charge. My wife then registered a charge to try to protect her years of financial input into the household. We are not estranged. It is probable that I will end up being made bankrupt so my question is where does the bank come in order of creditors? If they have not registered a charge are they treated the same as other unsecured creditors? If this is the case then it gives me leverage to stop them taking action as quickly as they otherwise would. Also, the house is up for sale and if by some miracle it sells, does their lack of charge mean that the mortgage with them would not be automatically cleared by the solicitor? The registered charges being cleared first and then the balance being paid to me? The bank then having to pursue me for the debt?
  19. I am unable to pay my mortgage but have discovered that the bank has never registered a charge on my house. Other debtors (including my wife) have registered a charge so where does that leave us?
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