Fighting my way out of debt - is a credit report from Experian any good?

[The GodMother]

Well you really have 3 options.

 

1) you can take what debts you know about and pay them off at what they say.

2) you can take what debts you have and offer them a full and final settlement with what ever you want like, not allowed to pass on or chase for hte rest of the amount, data on your credit report removed etc. You must have this is writing so if they do agree to your F&F and terms make sure you have a signature from the company before you go and pay them.

3) you could CCA each and every company and find out if they have a credit agreemnt for you and if they have added any charges by sending them a S.A.R request. Then based on what you get back you can make your offers.

 

If they dont have a credit agreement then you dont have to pay them or you can just put them to the bottom of the pile for a full and final offer.

 

You need to go to the stickys above these threads and one called template letter. For a CCA you will need letter N.

 

This has a £1.00 charge that goes with it and it is best to send a POstal order or a cheque written buy a friend or family member. If you send a cheque from your bank add an extra letter but dont make it to ovboius. DONT sign the letter.

 

The reason i say dont sign the letter or send the po is DCA/ Creditors have been known to get photoshop happy and start copying and pasting on to credit agreements.

 

You will need to send this at least recorded delivery so you can prove it got to them as this is essential.

 

If you have any questions just give us a shout.

 

Chrissi

[The GodMother]

when step three is done you can actually claim back any charges they have put on your account As long as they DONT have a credit agreement this is a way that you can get the balance reuced even more.

 

It would be helpful if you could give us a bit more info on what the debts are as we maybe able to help u more as different debts have a few different rules.

 

If catalogues you would only need to add up the ammount you have in goods. minus the amount of other charges.

 

EG.

late payment fees+admistration charges+p&p+ payments made= deductable charges.

 

good you have recieved and kept - deductable charges = full and final settlement with conditions.

 

When you start to get replys back let us no and we will advise u further.

 

Chrissi

[The GodMother]

Oh the digital signature thing. I have heard about it and there is a few threads on here that say the signature is copied but l can say l have never come across it so l cannot say they if they do or dont.

 

Chrissi