Jump to content

 

BankFodder BankFodder

Search the Community

Showing results for tags 'debt'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • The Consumer Forums: The Mall
    • Welcome to the Consumer Forums
    • FAQs
    • Forum Rules - Please read before posting
    • Consumer Forums website - Post Your Questions & Suggestions about this site
    • Campaign
    • Helpful Organisations
  • CAG Community centre
    • CAG Community Centre Subforums:-
  • Consumer TV/Radio Listings
    • Consumer TV and Radio Listings
  • CAG Library - Please register
    • CAG library Subforums
  • Banks, Loans & Credit
    • Bank and Finance Subforums:
    • Other Institutions
  • Retail and Non-retail Goods and Services
  • Work, Social and Community
  • Debt problems - including homes/ mortgages, PayDay Loans
  • Motoring
  • Legal Forums
  • Latest Consumer News

Blogs

  • A Say in the Life of .....
  • Debt Diaries
  • Shopping & Money Saving Tips
  • chilleddrivingtuition

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


About Me


Quit Date

Between and

Cigarettes Per Day


Cost Per Day


Location

Found 3,001 results

  1. Im in England now but all this debt was created in Scotland, 7 defaults are from 2010/2011, originally the debt was £20k. I have been on 2 payment plans a DPP and a token payment plan through Step Change. After a long period of unemployment i had to sell my house to relocate for work. Im now in a position to clear my debt. I owe 7 different amounts which add up to £15,600. I want to know if its possible to negotiate a reduced settlement figure for each debt. I wanted to do this myself as Step Change seem to have wrong info regarding the amounts i owe, also one guy suggests they might be able to negotiate a reduced amount, another tells me its very unlikely. So i thought i would maybe handle this bit myself. Any tips on how to deal with this ? Has anyone else been successful in negotiating?
  2. Received a letter today from Vanquis and also Lowells together stating my £1900 CC debt has been passed to them CCA Lowells and SAR Vanquis?
  3. Hi! I'm a new user here and this seemed the right category to post this to. Sorry if I was mistaken. my fiance got a letter from Intrum earlier today, trying to enforce a debt of £1529.81 they had purchased from HSBC. My fiance recalls she had paid off - and closed the account - about 8-9 years ago, what at the time amounted to £500. Said account is not present on her credit file (looked up on Clearscore who gets their info from Equifax) and as such no default notices either. Ironically, the 'change of ownership' letter says that they (HSBC) have taken all the necessary steps to reflect the change of ownership on her credit file. Said letter is dated 15/3/2017 and been bundled with Intrum's demand of the debt. Since the debt is - if it's even legit - must be over 6 years old, and she hasn't been in contact with HSBC ever since, we were thinking about outright ignoring the letter. Would that be safe to do so?
  4. received on Saturday a claimform from Lowell stating that despite previous attempts to contact me they have now issued a court claim. The 3 contract was from 2015 from what i can work out. can anyone help please. T he issue date is the 5th december. Cheers
  5. Hi all, I had a 50%/50% mortgage with an ex partner in 2004 - 2006 when we broke up. The property was repossessed in 2007 (I moved out) and was sold at a loss. In 2009 I received a letter from Drydens Fairfax stating that I/WE owed £32,xxx by way of shortfall. I contacted a solicitor and ended up due to circumstances paying £40/month which I have paid religiously for the last 9 years. BY my reckoning I have paid approx £4,500 to them. A low amount for sure, but I have young dependants and being self-employed my finances aren't what you'd call brilliant or consistent. In 2012 I rang Drydens asking if my account was up to date and they said yes, there was no problem, so I continued paying. Up until today - I have received a refund in my bank from them, with the reference of "Archived Ca Account" of the £40 I have just paid. The problem is, I have moved home and never updated my details with Drydens . . actually I moved in 2010.. so I do not know the "status" or anything of the account. My reference number has never worked on their online portal for checking the status of the account, but I figured since I never missed a payment and that I had rang up asking if everything was okay with the account,that it didn't matter much and I've just been getting on with life. My question is - why would they suddenly reject the payment? And what do I do for the best here. I have no contact with my ex, so no idea if she has paid anything toward the debt (highly doubtful!!!) but equally I have no idea if the debt has been transferred elsewhere, or simply written off. I have a hard time believing that they'd write off the remaining £27,xxx but I'm not sure what to do for the best here. I'm now married and have a mortgage with my wife who is worried we'll lose our home because of this - all I want is a peaceful life and have been paying regularly what I agreed to pay. I plan to ring Drydens in the morning but I'm scared it will open up a can of worms. There's nothing showing on my credit file - no searches, no CCJs or anything like that. Any help would be most appreciated. In summary: 2004 - Mortgage starts 2006 - breakup, both moved out. 2007 - repossession due to neither of us paying the mortgage 2009 - Shortfall letter, solicitor contact, £40/m payments start 2012 - Rang up and made sure account was okay - was advised it was fine. 2018 - £40 payment gets rejected and refunded. Thank you.
  6. Name of the Claimant ? Cabot Financial (UK) Limited Date of issue –. 30 October 2018 Particulars of Claim What is the claim for – 1.By an agreement between HSBC Bank PLC & the Defendant on or around 15/09/2014 ("the Agreement") HSBC Bank PLC agreed to loan the Defendant monies. 2.The Defendant did not pay the instalments as they fell due & the Agreement was terminated. 3.The Agreement was assigned to the Claimant. .THE CLAIMANT THEREFORE CLAIMS 1. 7042.65 2. Costs Have you received prior notice of a claim being issued pursuant to paragraph 3 of the PAPDC (Pre Action Protocol) I did receive a notice of claim. It said that there is "no acceptable payment arrangement in place" with Cabot. I didn't not know anything about Cabot. I have checked my bank account and the direct debits have been going out monthly to HSBC which was agreed earlier with the bank. What is the total value of the claim? £7042.65 Is the claim for - a Bank Account (Overdraft) or credit card or loan or catalogue or mobile phone account? the A/c number is a Bank Account but they say Loan? - dx edit When did you enter into the original agreement before or after April 2007 ? The form says 15/09/2014 but it can't be because I didn't obtain any credit after 2013. Is the debt showing on your credit reference files (Experian/Equifax /Etc...) ? I've just checked and it is showing as taken in October 2010 Has the claim been issued by the original creditor or was the account assigned and it is the Debt purchaser who has issued the claim. The claim has been assigned. It is the Debt purchaser who has issued the claim. Were you aware the account had been assigned – did you receive a Notice of Assignment? I don't remember receiving this information. Did you receive a Default Notice from the original creditor? Yes I did Have you been receiving statutory notices headed “Notice of Default sums” – at least once a year ? I can't remember. Why did you cease payments I didn't cease payments. I agreed reduced payments with HSBC. What was the date of your last payment November 2018 - the reduced amount agreed with HSBC Was there a dispute with the original creditor that remains unresolved? No Did you communicate any financial problems to the original creditor and make any attempt to enter into a debt management plan? Yes I did communicate my financial problems and offered an amount which they accepted. Unfortunately I cannot access the debt management plan link here My husband has booked a holiday for us and we leave on Monday. We will be staying with friends for 2 months. Pretty poor timing. I hope I can get as much of this sorted out as possible before I leave. Thanks you for any help you can offer me. I know this might sound strange as I am in financial difficulty personally but I never thought it was fair to burden him with my debt as it was incurred way before I even knew him. I obviously don't want to get a CCJ. I am happy to keep paying the agreed amount. Because the date of the Agreement in the Claim Form seemed wrong I have acknowledged the form and selected that I want to dispute the full amount. I didn't think to check my credit record at the time. It was so stressful just to get the Form. I did this yesterday 13 November 2018. So I believe I have at least 14 more days to respond. Please can you let me know what I should do now? Especially seeing as I won't be here after 19 November. Thank you so very much.
  7. Just received a letter from Santander stating my overdraft has been sold to Cabot The letter states that Notice of Assignment will be forthcoming from Cabot In the same envelope was a welcome letter from Cabot stating the usual things about 'how my experience Cabot will be different' blah, blah, blah. The account was setup in 2005 and the overdraft is approx £5400 The last payments to the account I am aware off would have been Jan/Feb 2013 Not sure what the process is regarding overdrafts and what documentation is required etc to prove in court, so if it's a different ball game compared to a typical credit card or catalog debt then I would really appreciate the heads up regarding what to expect now.
  8. Hi, I have a debt which was with Barclaycard originally back in the 90's, roughly £7k. I got into trouble a few years ago when I was ripped off by an investment company who put me out of business and stole several thousand pounds from me. I was advised to use Step Change in 2016 to sort out 4 debts in total. I was not aware that this system would only last for 1 year ( paying a nominal sum per month to each debt) and that afterwards I would be back to square one. After it ended I was abroad working for a few months and was not receiving my mail. Now I seem to have Link Financial chasing this debt ( who I have heard are very aggressive) I wrote to them at xmas last year when letters caught up with me at last and asked them to provide proof that they can chase the debt. Our correspondence crossed in the post and they had already sent a court claim against me in January, which I acknowledged with the online money claim system. ( I have not put in a defence yet as I was awaiting the response from Link.) Now Link have sent the 'proof' which consists of; copies of payments made via step change, letter from barclays stating account moving to Link, general terms and conditions for the card debt, but no copy of the original signed document for the card. What are my options? Should I specifically request the signed document or do they have enough to take me to court? They are trying to force me "sign the admission" via the court summons "supported by an offer to pay monthly instalments'. Link have already stitched on nearly £1000 for their court fees and other bits. I am not currently in a position to pay anything except a bare minimum as I only have a very small part time wage and some money I have saved whilst abroad to live on. Thanks in advance for your help.
  9. Hi All I failed to pay back a credit card in 2013. In due course the card company defaulted me and posted the default with one or more of the credit reference agencies in October 2013. Lowell bought the debt and the account totally disappeared from my Noddle credit report. It has now reappeared with a single entry showing a default for September 2014 (even though the main body of the report shows the original default date) so in effect bringing forward the default date by eleven months. That means I will have to wait an extra eleven months before the default disappears from my credit report. Any advice on what action to take to resolve this would be much appreciated.
  10. MBNA sold debts that belonged to both me and my husband. Idem bought mine, Moorcroft bought my husbands. I emailed Idem regarding reduced payments that I would make, and eventually they responded agreeing to my reduced amount. However, Moorcroft ignore emails (sent day after day) and they will not reply despite my husband requesting that they not call, but put in writing instead. They call anyway, and to whomever called, I asked them not to call, but to respond to my husband's emails - however, the chap then called my husband's mobile immediately! I got a statement from Idem, and in exactly the same marked envelope (same return address, same statement format) my husband had one from Moorcroft. Does anyone know if this is the same company??? It's really cheesing me off that Moorcroft ignore all the emails. Also, they're sneaky so-and-so's: they are based hundreds of miles away from us, and yet they call the landline using a local number that they must buy to use, to look like they're someone local calling us - idiots! It doesn't take long for me to recognise the number and ignore it. But, they're making me so mad!!! I think I'm wasting my time re-sending the same emails but at least it proves the point that they're ignoring us, dispite contacting them on a daily basis!
  11. Name of the Claimant ? Jc international acquisitions Date of issue – 28th November 2018 What is the claim for – the reason they have issued the claim? 1.The claimants claim is for the balance due under an agreement with talk talk limited dated 11/12/2012 Which was assigned to the claimant on 31/03/2015 and notice of which was given to the defendant on the 31/03/2015 and which is now all due and payable. 2.The defendant agreed to pay monthly instalments under account number xxxxxx but has failed to do so. 3.And the claimant claims the sum of £135.30. The claimant also claims interest thereon pursuant to s.69 county court act 1984 limited to one year to the date hereof at the rate of 8.00% per annum amounting to £10.82 What is the value of the claim? £221.12 Is the claim for a current account (Overdraft) or credit/loan account or mobile phone account? The claim is from a house phone/broadband account. When did you enter into the original agreement before or after 2007? After 2007 Has the claim been issued by the original creditor or was the account assigned and it is the Debt purchaser who has issued the claim. Assigned to debt purchaser issued by MORIARTY LAW. Were you aware the account had been assigned – did you receive a Notice of Assignment? I don't believe so Did you receive a Default Notice from the original creditor? I don't believe so Have you been receiving statutory notices headed “Notice of Default sums” – at least once a year ? Not that I am aware. Why did you cease payments? Not sure What was the date of your last payment? Not sure Was there a dispute with the original creditor that remains unresolved? No. Did you communicate any financial problems to the original creditor and make any attempt to enter into a debt management plan? I don't believe so no.
  12. Hello. This is my first post here, and I was hoping I could pick the brains of this forum for some help. To cut a long story short, I have in the region of £15k credit card debt from MBNA, which has been sold on to PRA, who have started getting in touch for payment. I don't/didn't have any sort of payment plan set up - I stopped paying anything last year because I simply couldn't afford to do that, while also having enough money to feed my family. I'll be honest, I tend to see these DCAs as parasites of human misery, and my main inclination is to pay them as little as I can possibly get away with - but I also don't want, 10 years form now, to have several grand worth of legally enforceable debt remaining round my neck and continuing to affect my health and my stress levels (as it has been doing). I suppose I would like to know what weapons are available to me to fight these people, and what I need to be doing. I know that I should ask for the CCA, and I will do this. If I spot a discrepancy or anomaly there, is my debt automatically unenforceable? Are there any other things I should be looking out for in this regard (either relating to CCAs or elsewhere)? I know that DCAs are likely to be less than fully honest in their correspondence in an attempt to squeeze blood from stone, but I'd really like to know how to spot idle threats and threats that need addressing - any advice on this would be much appreciated too. Finally, a conciliatory tack that I could take that may even be mutually acceptable, is to offer part payment as a final settlement. However, I likely couldn't offer more than 10% of the total debt in order to do this (and this would involve the generosity of family - it's not money I have lying around in my bank account) - can anyone give guidance on whether an offer of that sort of amount h as a chance of being accepted? (And if not, what sort of sum I should be aiming for.) Thanks in advance!
  13. hi all i am writting this on behalf of my wife, she had a large debt with marks & spencer credit card just over £9000, she defaulted on payments and the debt was sold on to Moorcroft who aranged a repayment plan with her of £5 per month, all has been well for two years and now they want her to complete an expenditure form, i emailed them back saying they have no legal right to demand this and will not submit the inforation requested. the online payment facility keeps taking her to the expenditure form page and wont take the payment, their is no CCJ on the account,where does she go from here ? thanks in advance
  14. Loan was with the AA. It was taken out in 2005 I think. Without checking I'm not 100% sure. Unsure about PPI but I have sent them a SAR to check.
  15. Do CLI have any power to raise a CCJ for a debt that they do not own, e.g. a foreign debt?
  16. Hello all... Today I received a notice email from them that someone will visit the above address within 14 days (there is no address listed) This is for a company I got roped into joining online back in 2016 and never received the products for so I cancelled my monthly payments for this company called Enagic. Nothing happened for 3 years until around a month ago when I got an email from CLI telling me that I owed £998 and that they would be chasing me for the debt owed. Same emails as you've had above and they've sent 3 since. I am very worried about this and do not wait debt collectors at my door despite you're reassurance that they can't enforce anything. Is there any actual way they will either come to the door or try to collect this debt? Please note that I do not live at the address I was at back in 2016 and have moved several times since. I am now living with my partner in our first home which we own and moved in may 2019. I got into this business and I do not want to pay for something that I never received and got coaxed into joining with false promises etc. Enagic Europe aren't a UK company and it appears that after 3 years something has been done and CLI are trying to chase me for the debt. What happens from here on out? Do I try and seek advice or just ignore? I've ignored every email they've sent me and as far as I'm aware the only information that they have is my email address.. . Not sure if they've ever sent a letter as I'm not at the address I was at during the time I joined the business. Back in Feb 2016 I was roped into joining a terrible business called Enagic. I was promised thousands of pounds in commission and I'd be coached through the process etc etc etc. To cut a long story short, I made no money and I wasn't coached through anything. Nor did I receive the help I was promised and I spent over £1,000 on FB ads with no success as promised. I cancelled my monthly payments to this terrible business almost straight after and I've never paid since. Nothing was said or mentioned until around 4 weeks ago when I received an email from a company called "Credit Limits International" demanding payment for this debt and they will chase me for it etc. Very threatening and making me very worried. Joining this company put me in debt with another loan for the FB ads (which I am still paying to this day) it caused me to have to put my online business to one side and get another full time job which I am still doing now. I ignored their emails (the only way they have been able to get in touch with me) and today I received an email saying they will visit my house within 14 days to chase the debt on the above address... There was no address written in the email and they've never mentioned my address or phone number etc. What shall I do? I've been reading a few threads from people saying that they had the same and that they can't enforce anything and that they are just a DCA company that sends empty threats in hope that people will pay for something that they don't owe or that they've taken on a debt that most people were unaware of. I've moved house 6 times since I joined the business and I have only lived at my current address for 3 months. I am worried they will visit my home demanding payment for something that has pretty much ruined my life for the last 3 years and I have had no communications with Enagic of CLI since I cancelled these crippling payments to this horrible business. They are trying to chase me for almost £1000. Nothing has been mentioned until August 2019 after over 3 years. Please advise me on what I should do. Thank you all in advance!!! Any advice and reassurance would be appreciated. Also, did anyone actually get a visit from these people? Thank you all!
  17. Afternoon all, I’ve received a ‘formal debt recovery notification’ letter from some outfit called Credit Limits International (CLI), asking me to make payment for a debt owed to the ‘Corpo Di Polizia Municipale Di Firenze’, with regards to the Italian Highway Code. I’m unsure as to what the debt is for - I’ve not received any notice prior to this. It does, however, have a ‘Car reference’ that appears to be a number plate. All I can think of is that my wife and I hired a car during the summer of 2015 - when we got married (!) - in Florence, and perhaps it refers to that (the car was returned to the car hire company without an issue, so I can only surmise I must have committed a speed or driving offence without realising). This is the first time I’ve received a debt collection letter and I’m unsure what to do next. If there was a genuine offence then, as annoying as that is, fair enough - but I’m a tad peeved my first notice is a letter that mentions an ‘enforceable order’ in Italy and ‘prosecution in this country’, plus asks me to cover payment of several high costs - not just the ‘infraction amount’, but also interest, legal and collection costs, bringing the total to almost £400. Any next steps would be greatly appreciated. Many thanks!
  18. My brother in law asked me to pay back a loan of a few thousand pounds after my wife was killed in an accident . At the time I was grieving and vunerable and also embarrassed as I didn’t know about it I started paying him back to date I have paid over half and have decided to stop paying as I had no idea what it was for and didn’t see the money . I’m now being threatened with county court if this happens should I counter claim for the money I’ve paid as there is no proof and I just have no idea what it was for ???
  19. Hi guys, My father has received a claim form Arrow Global Guernsey Limited - MBNA Credit Card debt on the 25th July 2016. See attachment. The debt is old from 2000, however he has offered £1 a month since last summer which he has been doing so. Prior to this he had a debt management company handling his debts. What steps should I take in order to defend him? Under the particulars of claim is states the contract is "dated on or about Feb 25 2000" Does this suggest they do not have the original contract and so there legal basis for the claim? I need to file the acknowledgement of service form soon, however I'm not sure whether I should be ticking the boxes for "I intend to defend all of this claim", "I intend to defend part of this claim" and "I intend to contest jurisdiction" Any help would be appreciated. Thank you Claim Form_Redacted.pdf
  20. Good evening, When i was a lot younger i ran up quite a bit of debt which became unmanageable once i had children and cost of living increased. paid into a DMP for a few months and then defaulted this was in April 2013. I have pretty much ignored all contact as no one was taking legal action. I have had some discussions with Restons over the phone about this debt as i tired to agree a repayment plan. but could not stick to it as it was un affordable to me. Today i have received a CCJ claim from the for a total of £5131.05. The debt is from an MNBA credit card which i took out sometime around 2005/06 i think. The POC on state that the original debt is from MBNA "dated on or about Feb 2007 and assigned to claimant on Dec 2011. It then list the following two items: 19/07/28 Default balance 5151.05 19/09/2018 Pos Refrl CR -20 That is all that is on there. I have done a lot of reading around and am thinking of defending this claim but my head is spinning a bit with all the different threads i've read. Am i right in thinking that they probably dont have the CCA? I don;t believe that they have followed pre-court protocols as i have not received a letter stating they were due to start legal proceedings. Do i need to now request this information under CPRs and then defend the case accordingly? Am i right that if they can not produce the cca they can't enforce the debt? Thank you in advance.
  21. i recently requested a SAR on my lloyds tsb accounts as i needed info on the valuation that was carried out on my home in order to give security for a loan. i have received a copy of the file which included a copy of the valuation, but even though it refers to an instruction letter from the bank to the valuer, the instruction letter is not in the file. it is not even attached to the valuer's report even though in his report he comments 'instruction letter of xxx 2004 attached appendix A' is there anything more i can do to fro lloyds to disclose the instruction letter?
  22. Hi all, I recently CCAed all my creditors in order to try and sort out my finances finally. I have been paying £1 token payments to each, having defaulted on all over 6 years ago. I have moved house a few times since and have lost track of what has happened to them all. having sent a CCA request to Robinson Way, who I originally dealt with for a Halifax debt, I received a strange reply, returning my £1 PO, and saying that "the account is closed on our files, please contact our principal". This was written on a very unprofessional piece of paper that looked more like a memo than a letter! Has anyone got any advise as to how I should proceed with this? The 12+2 days are definitely over. As Robinson Way were dealing with this, is it still their responsibility to respond to my CCA request? Thanks AM
  23. Your good advice please. I received a letter from a DCA titled a’ pre-legal assessment’ on an old credit card debt that the DCA have recently acquired. I suspected this could be nearing SB I checked my credit file and discovered that there is no information about this account on my file prior to May this year! As they are are using the usual vague language i,e, ‘may’, 'being considered’, should I bother to respond to this or should I CCA them or other? Who’s responsibility is it to insure the information on a credit file is accurate and up to date? Would the OC remove this info or what could have happened? It’s all a bit odd and I’m not sure how to respond if at all to the DCA. Regards
  24. Name of the Claimant Lowell Portfolio 1 Ltd Date of issue – 07/01/2019 date to acknowledge 25/01/2019 date to submit defence – 08/02/2019 Particulars of Claim 1.The claim is for the sum of £310, due by the defendant under an agreement regulated by the consumer credit act 1974, for a SD account. An account with reference of …… 2.The defendant failed to maintain contractual payments required by the agreement and a default notice was served under s.87(1)under the consumer credit act 1974. Which has not been complied with. 3.The debt was legally assigned to the claimant on 27.01.2017, notice of which has been given to the defendant. 4.The claim includes statutory interest under s.69 of the county courts act 1984 at the rate of 8% per annum from the date of assignment to the date of the issue of these proceedings the sum of £26 the claimant claims the sum of £340 Have you received prior notice of a claim being issued pursuant to paragraph 3 of the PAPDC (Pre Action Protocol) ?NO What is the total value of the claim? £420 Is the claim for - a Bank Account (Overdraft) or credit card or loan or catalogue or mobile phone account? Catalogue When did you enter into the original agreement before or after April 2007 ? After Is the debt showing on your credit reference files (Experian/Equifax /Etc...) yes to lowell Has the claim been issued by the original creditor or was the account assigned and it is the Debt purchaser who has issued the claim. Debt purchaser Were you aware the account had been assigned – did you receive a Notice of Assignment? No Did you receive a Default Notice from the original creditor? No Have you been receiving statutory notices headed “Notice of Default sums” – at least once a year ? No Why did you cease payments? redundant What was the date of your last payment? cant remember will see if its on bank statemewnt Was there a dispute with the original creditor that remains unresolved? no Did you communicate any financial problems to the original creditor and make any attempt to enter into a dmp - Yes and no ….......... received a claim form yesterday, have acknowledged service. just about to do letters to creditor and solicitors will keep you all updated as i go
  25. Hi, Im looking to get some advice and hope some of the guys on here can help. MY home is in zero equity and we owe aroung 120k with no arrears, the house is only worth around 85k with the current climate, we have other debts which we are in payment plans with several and have defaults on one cc but no ccjs. i have been offered to move into a family home to help us get on our feet. question is will our mortgage company allow us to sell the house and arrange to pay back the shortfall? is this likely or are they likely to say we cannot sell? what other options are available, what would happen if we simply gave the keys back? what would happen if we decided to go bankrupt with the shortfall? can we declare bankruptcy without any ccjs ? we have around 50k unsecured debt and this is taking its toll. moving to family members home would be a great solution for us but not sure how we should approach the morgage lender. all help would be greatly appreciated.
×
×
  • Create New...