Hi there. I'm currently in debt with several companies, including NatWest, Capital One, and Tesco Bank. NatWest is my biggest creditor and I also have a mortgage with them. I've been doing my own debt management plan for about 5 years so far and am currently paying £1 a month on all of my debts due to a drop in income (I'm currently a part-time student and do freelance work so my income varies). Some of them have been passed to debt collection agencies, including the NatWest debts. I'm (finally now the market is good) selling my property so I can wipe the slate clean and start again. I'm going to need some of the money from the sale to put a deposit on somewhere else to live so I won't have the full value of the debts. Having spoken to NatWest, they seemed to imply they could try to force me to use the full amount from the sale to clear my debts (which would leave me with nowhere to live). They also told me I should negotiate a settlement directly with them, even though the debt collection agents have told me I should negotiate with them. What I'd like to know is: Do I make my offer of a settlement to my creditors or the debt collectors? Can my creditors force me to use the full amount from the sale on my debts, or am I entitled to use it to put down on a new home? Is there a post/guide with advice on the best approach to take when making an offer for settlement? Am I right in my understanding that I should get somebody else to actually make the settlement payment in order to protect myself from any further action?

Hi hello everybody, This is my first post here on CAG forums. I was wondering if anyone has any help and advice as to how I should now proceed, made a CCA request to Cabot financial the debt that I have with City financial after much time several letters from Cabot apologising for the delay and a letter to them putting the account in dispute, today a big envelope of paper work arrived including some old statements pages and pages of terms and conditions, and in the letter that they have sent with this paperwork it says and I quote this paragraph from their letter Not withstanding the above please find enclosed all the relevant information following your request for information under section 77-78 of the CCA. We can confirm that we have provided they reconstituted true copy of your credit agreement, which for the avoidance of doubt complies with the consumer credit act (cancellation notices and copies of documents) regulations 1983 and therefore complies with the obligations set out under section 77-78 of the CCA. Obviously being a reconstituted copy it does not contain my signature or a signature of the original lender. It states in the letter from Cabot that they purchased the debt from Citi financial on the XXXX date, but they have failed to provide in all the information sent the deed of assignment. I am looking for some advice as the best way to proceed, I have previously contacted Cabot with a view to making a full and final settlement offer (funds coming from my father to make full and final offer to all the other debts I have only enough money to offer about 28%) this offer was refused they can bet with a counter offer of just over 50% this was all prior to requesting the CCA the advice I am looking for is how to make a further offer full and final, Clearly if Cabot at the original consumer credit agreement signed by both parties and containing all the prescribed terms they would have sent it and not gone to the trouble of getting a reconstituted true copy of my credit agreement can anyone please advise as to what the next best course of action is in making a full and final offer. If anyone please help I'm sorry if this post is long winded and if you want to scan and post up any letters or the agreements, please let me know. Thank you very much