So would your advise to be to just not pay them? Or to just get settlement offers on them?

so what would your advise be? Should I pay I just pay the debt off incase we return to the UK to live within the next 6 years? Or should I just ask them for a settlement figure, I know it will appear on his credit report as partial settlement but his credit rating it really really bad as it is, or should i just not pay it as we dont live in the Uk anymore?

do you think if we just leave it they will write it off? If so how long does it normally take to be written off?

Thanks for your reply, yes the creditors know that we are in Dubai, but they do not know our address or anything like that. The reason they know is because I originally contacted them all and I had to contact them via email, and they were a bit dubious as to send any info via email, so I had to let them know the reason why I could not receive post. What is your or anyone's advise please? Thanks

Hi guys, wondering if you could help/give advice. My husband has a terrible terrible credit rating, he has about 5/6 defaults from different companies and 1 or 2 CCJ'S. We have recently moved to Dubai and I have been trying to get all of his debt in order and set up payments for them all. What I want to know is, is there any point in actually paying these debts if they have already issued defaults and CCJ's now that we live abroad? What would happen if he just doesn't pay the debt? I just think that even if we pay the debt his credit rating is already demolished for at least 6 years... Any suggestions/advice would be much appreciated. He owes roughly £5000 in total for different credit card companies/bank loans. Thanks Guys!

Yes I have moved since the address in which they sent the default to and the CCJ to. What do I need to do to get the CCJ set aside? Yes weightmans did own the debt, so it was them that took my husband to court... What do I do about the default? I have no clue what I should do....

it doesnt say.... thats the strange thing...

Well, the CCJ is indeed from the HFC debt. HFC passed the account to Weightmans in 2010, and they were the company that charged the £147 for the judgement fees, it also went to court and therefore My husband now has a CCJ on his credit file which was issued in april 2010. HFC never mentioned this to me in all of their correspondance.... HFC also issued me with a default in september 2009. Can they issue a default and ccj?

They have responded with this: Thank you for your response. I believe you would still see some benefit from paying a lump sum settlement but accept that this is your decision. HFC would be prepared to accept 10 monthly payments x £50 and 1 final payment of £58.63 to settle your loan. have you considered when you would re commence payment and by what method? Let me know if I can help in this process. I plan to provide you with a final resolution letter (attached to an Email) on Monday 12th December and will of course include the full details of the Financial Ombudsman Service. Should I mention the CCJ???? Also on the credit report it does say Northampton court.

CCJ April 2010 and default September 2010. Nothing else, after that.

Yep the default is also listed.

Oh, last time I made a payment to them was August this year.

So I dont mention it to them?? What do u mean by last in and out?

Can HFC not remove the CCJ?

Finally got one, from checkmyfile... Well well well you were right guys, HFC did issue me with a CCJ........ Funny they never mentioned that... The thing is the CCJ was issued on April 2010, however the default notice was sent out on 18/09/10..... Well I am assuming it is HFC as the balance is the same as the HFC balance. What the heck???????????

I don't know to be honest, they have never mentioned that they have given a CCJ, I will ask them tomorrow though.... Why will they not remove the default guys?

Nope my husband doesn't have a CCJ, they said it was a default.... We will probably be going back to the Uk in a couple of years...

Will do DX, havent been on the phone to them as we live in Dubai now. Just been communication via email. Weighsmans is a solicitors I believe they said the charges were for: £55 for issuing the judgment set by the Court, £22 for entering the judgment set by the Court, £70 solicitor's costs awarded by the Court, Total - £147 They have however said that that they will remove the £147 if i pay one lump sum of £558. I will do the SAR the only thing is there is no postal system here in Dubai so I cant post it and there is no postal lorders out here so i cant send the £10 postal order. Is there anyway of doing a SAR online?

Thanks KurvaFace, I will wait for their reply tomorrow as I am guessing the guy has gone home now, and I will let him know that I want to do a SAR, and see what he says..... Why do they have to be so difficult, why cant they just remove the default and let me pay off the debt???? What will they loose by removing the default?

This is what they wrote about the interest charged: To further clarify the point about the interest calculation. The interest is calculated daily on the outstanding balance and applied to the account monthly on the same day as the repayment is due. The number of days in calendar month therefore have an impact on the amount of interest debited to your account. You will notice that on the first page of your statement you were making payments on the "due date" but the interest fluctuated slightly from month to month due to the different number of days between due dates.. If however you take the period from March 2008 through to October 2008 when you were making the contractual repayments you will see the overall trend of the monthly interest is downwards. For example £12.90 in March compared to £11.30 in October. This is the calculation and assumption that sits behind the original schedule of 48 payments of £21.60. At the point where you were no longer able to make repayments the interest continues to be added and there fore the balance increases. If you look at the interest added on the 1st July 2009 for example it has increased to £12.69. You are correct in observing that there is no interest added to your account after September 2009. This is because one of the main functions of the default notice is to terminate the agreement following a breach of the original contract. We therefore calculate the total amount due under the agreement in this case £673.14. If this amount was paid i.e the breach rectified within 21 days we would be obliged to pay you a rebate and this is shown as well. So at this point £568.85 would have settled your account in full. At this point the original repayment schedule is overridden by the default. HFC terminated the loan agreement on the 8th September 2009 and instructed Weightmans to recover the default balance of £673.14 p. At this point HFC stopped adding interest to your loan as it has been terminated and from this date, regardless of how long it takes to repay, we can only demand a maximum of £673.14 p plus any Court costs that are awarded in HFC's favour. By way of further explanation it may be helpful to look at the period on your statement from March 2010 to August 2011 to gain an idea of the impact that continuing to add interest would have on the balance. During this period you were paying £5 per month via Gregory Penningtons. If we assume that the average monthly interest for this period of £12.75 the balance would have increased by £7.75 p per month i.e £140 over these eighteen months. This would mean individuals in similar circumstances would have great difficulty in ever clearing the debt and the Courts would be overburdened with the work of updating balances. It is therefore important that the balance is crystallised at the point of default. I hope the above is helpful.

If there is a PPI, wouldn't it be stated on the original credit agreement? There is nothing on there about PPI.... The only charges that have been added were £147 for the account being passed to weightmans debt collection, but they have said that they will remove that. And other than that they said they charged interest for everyday that the payments were late.....

lol, no worries. I liked your reply though, I should of waited damn it... well I will wait and see what they say... Thanks for all your help though!

I have replied with this: If the default is unable to be removed then unfortunately I am only prepared to pay minimum payments each month, as there is no incentive of me paying lump sums when my credit rating has already been destroyed by the default you have put in place. I do however invite you to offer me some sort of resolution in order to have the default removed in order for me to resolve the debt I have with your company as soon as possible. If this is not possible please advise of the minimum payments that I should make each month, and please also provide me with the details of the financial ombudsman that you stated I may contact in your previous email. Kind Regards

Yep me too. I think I might just reply and state that if the default can not be removed then I am only willing to make minimum payments each month as paying lump sums are not going to improve my husbands credit rating due to the default that they have put in place.

What should I reply?