ex−gratia offer to CAP1 Help me pls

[carolineiam]

Hi there CAP1 is asking me suddently after years of paying in their reduced monthly payment plan to provide wageslips, account statements etc. In the mean while I am trying to get them to reduce my 1023 pounds debt as a result of an ex-gratia offer to them. I called and offered 25% the guy on the phone said that according to their calculations they will only accept 85% full stop. I am not happy providing them bank statements and wageslips etc I don't really want them to have all this info on me and I am tired. Specially as I never defaulted our payment plan (allready paying 80£ a month) for 4 years now. I rather get rid of them alltogether.

 

Is there any way I can encourage them to accept 15 - 50 % (can get money from relative) ? would stopping to pay their little payment plan motivate them ?

 

I own my home, would not want a bankrupsy order or a charging order (it involves a couple of 100 costs usually).

 

thank you

[Guest Old_andrew2018]

Hi

 

Do you think Catial one have an enforceable agreement, it may well be worth asking for a copy, via the CCA request.

 

Regards

 

 

Andy

[citizenB]

carolineiam.. no you dont have to provide them with that information. Get in touch with Citizens Advice Bureau and ask them to compile a Common Financial statement for you. Then copy and send that to Capital 1.

[Goldlady]

You need to find out if they actually have the right to enforce the debt, particularly if they are getting awkward.

 

Send them letter N from the following.

 

http://www.consumeractiongroup.co.uk/forum/general-debt-issues/20758-creditors-dcas-letter-templates.html

 

They went away after I sent them one - haven't paid them a penny for almost a year.

[Goldlady]

And don't sign anything with your usual signature in case they get inventive.

[carolineiam]

And don't sign anything with your usual signature in case they get inventive.

 

 

Hi there, thanx for the support. I have to sent them a budget every 6 months. It is just that suddently they want tons of paperwork that have details such as my employer name and address, bank account etc

 

I was thinking of defaulting the debt and then renegotiating. I don't know though whether they can add interest +charges on that if i did. I have been in a payment plan with them for 3 years after i told them i could not pay any more and they closed that credit card account.

 

 

Thanx for the help everyone !

[Goldlady]

I presume that they froze interest when you went into the payment plan.

 

I would wait and see if they come up with an agreement. If they don't you will be in a much stronger bargaining position.

[citizenB]

Catching up on my subscribed threads. Do you have an update on this please carolineiam:)