Jump to content


Just sent some Full and Finals off


morgan2003
 Share

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4990 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Well all letters are in the post just a bit of history on a dmp

paying £115 per month. to 7 creditors total owed is about 30k

 

Buchanan clarke wells x2

CL finance (Old HSBC debt)

Cahoot

Capital One

Mint

Tesco Personal Finance

 

Offered them all 30% of value

 

Anybody had any sucsess with any of these companies been on DMp nearly a year now

 

Also what happens if say one company accept do i pay them and just carry on DMP with others

 

cheers

Link to post
Share on other sites

Hi Morgan

 

Looks like you're going down the same route as me. MBNA accepted 30% on a debt of over £20k. However NatWest is a hard nut to crack and turned down 32% saying they would accept 58%.

 

Buchanan Clark and Wells were the most threatening and intimidating crowd I have ever dealt with. They couldn't produce any credit agreement at all, let alone a valid one, so got £0.

 

Good luck with your offers. I expect you will get a mixed bag of replies. I'll be watching your thread with interest.

 

CD

Link to post
Share on other sites

Hi, welcome to CAG.

 

Have you established that the debts are enforceable in the first place?

 

If not you need to send them a CCA letter asking for a copy of your consumer credit agreement. If they cannot comply with your request this will greatly increase your bargaining power.

BANK CHARGES

Nat West Bus Acct £1750 reclaim - WON

 

LTSB Bus Acct £1650 charges w/o against o/s balance - WON

 

Halifax Pers Acct £1650 charges taken from benefits - WON

 

Others

 

GE Money sec loan - £1900 in charges - settlement agreed

GE Money sec loan - ERC of £2.5K valid for 15 years - on standby

FirstPlus - missold PPI of £20K for friends - WON

Link to post
Share on other sites

BCW were prepared to accept a F&F but wanted something ridiculous like 70-80%. Their letters were so threatening and distressing that I questioned their right to collect the debt on behalf of the original creditor and sent them a CCA Section 77 request to provide me with copies of the original paperwork relating to my agreement and any notice of assignment passing the debt to them. That was 8 months ago, I have not heard from them since.

Link to post
Share on other sites

That's how it all starts Cyberdog. I have come to the conclusion that the ones who shout the loudest and make the biggest demands are likely to have an unenforceable agreement - or no agreement at all:mad:. The creditors who were kind to me when the you know what hit the fan are still getting paid - the ones who were nasty have disappeared off the face of the earth after getting CCA letters.

BANK CHARGES

Nat West Bus Acct £1750 reclaim - WON

 

LTSB Bus Acct £1650 charges w/o against o/s balance - WON

 

Halifax Pers Acct £1650 charges taken from benefits - WON

 

Others

 

GE Money sec loan - £1900 in charges - settlement agreed

GE Money sec loan - ERC of £2.5K valid for 15 years - on standby

FirstPlus - missold PPI of £20K for friends - WON

Link to post
Share on other sites

Hiya Thanks for replies

 

Because i pay these creditors every month through cccs on my DMp

 

What would you suggest i do i have never heard of these cca letters and dont fully understand them

 

Thanks

Link to post
Share on other sites

This is a big thread but somewhere in there is a link to 'letter N' which is what you should send them.

 

http://www.consumeractiongroup.co.uk/forum/general-debt/83035-guidelines-requests-original-agreement.html

BANK CHARGES

Nat West Bus Acct £1750 reclaim - WON

 

LTSB Bus Acct £1650 charges w/o against o/s balance - WON

 

Halifax Pers Acct £1650 charges taken from benefits - WON

 

Others

 

GE Money sec loan - £1900 in charges - settlement agreed

GE Money sec loan - ERC of £2.5K valid for 15 years - on standby

FirstPlus - missold PPI of £20K for friends - WON

Link to post
Share on other sites

BANK CHARGES

Nat West Bus Acct £1750 reclaim - WON

 

LTSB Bus Acct £1650 charges w/o against o/s balance - WON

 

Halifax Pers Acct £1650 charges taken from benefits - WON

 

Others

 

GE Money sec loan - £1900 in charges - settlement agreed

GE Money sec loan - ERC of £2.5K valid for 15 years - on standby

FirstPlus - missold PPI of £20K for friends - WON

Link to post
Share on other sites

Morgan, basically under sections 77-79 of the Consumer Credit Act 1974 (which section depends on the type of agreement), you have the right to request a copy of certain documentation relating to the agreement for a statutory fee of £1. There are strict time limits as to how soon the creditor must comply with your request and they are unable to take further enforcement action if they fail to comply. See the section mentioned by Goldlady above for full details. Even if they do supply the agreement, it has to be properly executed to be enforcable. There's lots of information on this site about that, it's helped me immensely :)

 

CD

Link to post
Share on other sites

 Share

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...