I hope I'm posting in the right place.
I have about £40k in unpaid debts (cards, loans etc).
They are pretty much all over £5k and nearing the 6 year since default time frame...
The first is into the final 12 months now... Capquest... £11k, they own the debt.
Ive been expecting collection efforts to step up as the SB line approaches with them all.
The situation is that I could pay these but call me morally bankrupt... Id rather eat you know what at this stage.
If any of the so called creditors look into me they'll see that I'm worth chasing.
Having nearly got to the 6 year since default period
I won't allow a judgement to show for another 6 years.
How likely are they to try and get one?
With debts over £5k is small claims not an option for them and will it cost them more to take this to court?
My question is this.......
They are offering obviously settlements for less.
Capquest 40% of £11K...
Id hate to ignore all this and end up having to pay the full amount as they take it to court....
How likely are they to do this?
If they do will they still take a settlement when proceedings have commenced?
(Hence nothing to lose by waiting).
Companies in question are:
Intrum Uk Ltd
Cabot Credit Management Group Ltd
Aarrow Global Ltd
I just notice as I type that Capquest are not noted on my credit file and must be part of Arrow Global....
They have also made subtle threat on their latest letter with the wording
"Our additional enquiries have indicated that you are a homeowner at the above address."
Most of the defaults were around 2014 for agreements taken out 2008 -20012.
In Northern Ireland so PAP doesn't apply I think.
Any advice appreciated.