Sorry, am a bit confused. What do they mean when they say, while the activity continues. I got mine for exageratting my income. What would be seen as continuing this?

Useful link. Very hard to get my head round/ difficult to understand..

I find this all very interesting. Defaults are a nightmare. A person who has one pays dearly in interest charges. eg: a standard normal person can expect to pay 4.99% or so and a person with a default or two, maybe 5.99% plus. On a £100,000 mortgage, interest only, the payments would be £415.83/month & £499.16/month. A difference of £85 per month. Whats would be annoying is if it was put there incorrectly. Therefore i would welcome any advice on removal of them. *PLEASE CORRECT ME ON THE FOLLOWING IF NEED BE!* There seems to be 2 methods for removal: Defaults have to be administered correctly, ie default notice served correctly. If not there is grounds for removal. The other is, if a debt you defaulted on was made up solely of unlawful charges, you may also get it removed. The following is my own suggestion, so probably wrong! Lets use an example. A credit card with Limit of £1,000. Balance of £2,000. You then get defaulted on this account for £2,000 Later you find out that 75%(£1,500) is charges, you get refunded. You would think that its a duty of that bank to record information accurately. This default is not accurate, as it should not be £2,000 but actually £500 as the majority of it is unlawful charges. Could it be an argument that information not recorded properly should be removed. Yours opinions are much appreciated on this subject. ALSO IF YOU WISH TO KNOW MORE PLEASE POST A REPLY, AND KEEP THIS THREAD GOING. AS I AM AWARE LOTS OF US ARE EFFECTED BY DEFAULTS. *REMEMBER, REMOVING THEM MAY ALSO SAVE YOU MONEY!!

What a position to be in, my heart does indeed go out to you. You get some good advice on this forum. To be honest i would consult a good solicitor who is gonna act in your best interests. In this case i believe you seek a considerable amount of compensation, costs etc. Its only fair, and before someone says it, don;'t feel bad taking as much as you can from them. Its the banks fault not yours. From what i can gather they did nothing to sort this out. Just wanted the money from anyone who they could bully into paying. I would imagine this has caused you a great deal of stress and inconvenience. Also don't worry to much about your credit file. As the loan isn't yours there should be no effect on your credit file. It may take a while but you will be able to get it sorted in time, also bring your credit file back up to date. But all the best of luck.

Sorry surreyscouse.. Found that thread, typed in 'citi' in search facility, thread: Loan Company Cannot Supply The Original Agreement . Think you followed this thread. It seems this thread shows someone doing this. Am i correct in saying this or was there circumstance different?

Would i be right in saying the following. I have a credit card to mbna, currently £4,000 approx 90% of charges i suspect. Maybe i am of the mark, but i thought i read this on another thread? I know i can get back the charges. But if i requested the original signed agreement etc and they didn't provide within the 30 days would the debt become unenforceable. If the debt was unenforceable, ie there is no debt, would i be right in saying i could ask for all money back i ever paid to them. Don't shoot me down, just thought i maybe picked this up wrong..

All is not lost. As some people suggest, don't just give up that easily. All the mortgage company have lost by the breach of contract is the difference in interest rate. Debate it surely. Don't know your exact circumstances, but look through some other threads, others have succeeded.

Firstly if you make an offer of £50 they shouldn't refuse it, if its all you can afford. As a long term view, if you made the bank an offer and they refused a judge would frown upon this. Put it to them in writing, recorded delivery and keep all letters etc. In the meantime obtain all your statements, and work out the charges then seek a refund. Also note that if your charges made you overdrawn add the interest on to.

WELCOME, Thats correct, but remember to take copies, send your £10 and send by recorded delivery.

To be honest i wouldn't worry to much about that. This happens a lot through various banks etc. The likelihood is, it will never make it to court. Read through lots of threads. There are a few in similar situations as yourself.

To be honest i would be very suprised if the original debts are not yet paid. You will probably find there is enough charges by original creditors and dca's to finish of the payments. But in refunding charges you can only go back six years. If you need address for creditors or dca's someone here should be able to help. Just tell us who they are and we could possibly help. Are you aware that those dca's may not legally be entitled to collect these debts? Look through the threads of debt collection agencies.

Just wondering would this work. ISmall claims limit in ni is £2,000 England is £5,000 If my claim was say £3,500 against nationwide who's registered office in england. Which courts would i use. Also would an english mailing address entitle me to use english court and stay within small claims.

From what i have gathered, When your debts get sold to collection agencies like cabot, its possible to ask for original copy of signed agreementetc. If they don't supply within 12 days , only a court can reclaim the debt. After 30 days it is totally unenforceable! Has anyone actually done this, is this true? If true what steps must be taken to remove debt defaults etc from credit file?

Cabot Are Plonkers..

Indeed You Are..

I RARELY GIVE THIS ADVICE!!! I follow this forum regularly, and supposed picked up a thing or two along the way. Please note: this is purely a suggestion! From what i understand egg are difficult f*****s Firstly i understand many of you are in difficult situations with them. They are spineless, and very ruthless from what i hear. Their counter claims are worrying in part. But, i gather they are counter claiming on the debt you owe. Firstly clear the debt, most of you probably have claimed from elsewhere, so clear the debt. Negotiate with them FOR A REDUCED SETTLEMENT BUT GET IN WRITING but clear the debt. Then pursue the claim as their only counterclaim/defense was the amount you owe them. If its gone so is the counter claim. As you may well ask, why is this? EGG VERY RARELY SELL OF DEBTS...