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  1. I had a £25k loan taken out almost 10 years ago, was paying almost £400/m regularly and had only apx £8k left to pay. Was suddenly not in the position to make the monthly payment and have instead been paying £40/m. I had discussed my circumstances with them and I guess - although they were not happy - they must have realised that with all the interest payments over the years I had pretty much paid off the original debt they seemed to have accepted the nominal monthly payment for the last year+. However, with Christmas, bad weather and sickness I completely forgot to make the November and December £40 payments. And now Westcot DCA has reared its head chasing me For the last few weeks I have been receiving texts and calls (unanswered by me) from Westcot. I did not know why they were trying to contact me so ignored them. today I received a red letter from Westcot : Important - Notice of Debt Collection - for the whole amount (8k) outstanding. I quickly went on line and made up the 2 months and this months payments so that I am back up to date with the normal nominal payments. But what should I do now ? Do I completely ignore Westcot ? And write to Halifax again - say circumstances have not changed, the payments were missed due to oversight, and I need to continue the nominal amounts ? Or should I try to negotiate with them to try to clear the debt with an offer (which I might have coming in within the next month or so) of apx £1k ? For what it is worth, Halifax has frozen the total - no added interest - so all the nominal amounts have been reducing the balance. I really do not want to get battling with dcas now.... Anyone's help is much appreciated.... Thank you.
  2. Good day ! I have a very old debt with Hsbc and really need some help, please. I had 2 accounts with hsbc - set up start 2003. A business account - which was simply me trading as XXX. Had a healthy Turnover and with an agreed unsecured o/d of £3k. And a personal account, again healthy with an agreed unsecured o/d of £500. The Business Account was closed end 05. Owing nothing. I continued to trade only using my Personal Acc. Between my business and property rental I had enough healthy flow of income for Hsbc to increase my o/d to £25k by start 2005. The o/d was an "On-demand Form"; Unsecured. However, during 2005 I started to have financial problems and ended up owing the whole o/d amount of £25k. By the end of 2005 Hsbc wanted to transfer my o/d into a Managed Loan Agreement. They sent the papers, but I never signed. So then Hsbc handed over the whole debt to a DCA, Metropolitan. I paid them a nominal monthly amount for 3 years. Then Hsbc wrote, start 09, saying they had assigned the total debt to CL Finance. Again I have been paying a nominal monthly amount for almost 5 years. In total I have paid back apx £4k to these DCAs. I missed a couple payments this year. CL have just written demanding immediate payment of the £20k and threatening Court Action. What can I do ? The debt is unsecured. I do not have the ability to clear the outstanding o/d amount. Would be most grateful for advice. Many thanks x Anyone ?? Can I send a template letter to CL Finance ? Like a SAR ? What form do I send into CL to see if the unsecured overdraft is enforceable ? Many thanks for advice
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