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Going to default on CC's


act1980
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Hi,

 

well my CC companies have not been co-operating and I am going to defualt with at least one of them if I fail to pay the £900 mininmum payment. They have refused to arrange a payment plan and I cannot afford to pay the £900. :(

 

Can I ask what will happen when I default? Will the interest be frozen? I have heard that they will offer to write off some of the debt if you can make a full payment to clear the debt. Is this possible?

 

I appreciate your help, thank you.

Edited by act1980
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**

Hi,

 

well my CC companies have not been co-operating and I am going to defualt with at least one of them if I fail to pay the £900 mininmum payment. They have refused to arrange a payment plan and I cannot afford to pay the £900. :(

 

Can I ask what will happen when I default? Will the interest be frozen? I have heard that they will offer to write off some of the debt if you can make a full payment to clear the debt. Is this possible?

 

I appreciate your help, thank you.

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Have you requested the agreements yet?

 

Yes, I have done all of that. Been writing to them since January and have heard nothing. They keep treatening to forward my account to a debt collection company.

 

I would just like to know what is going to happen when they do?

 

Thanks.

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if you have sent off the CCA request and they have not responded then send the account in dispute letter.

This should stop then moving it on to the scumbags, and nothing should happen until they come up with the agreements

 

Notts

As a great man once said " All Men Can Fly But Some Only in One Direction"

 

Notts

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if you have sent off the CCA request and they have not responded then send the account in dispute letter.

This should stop then moving it on to the scumbags, and nothing should happen until they come up with the agreements

 

Notts

 

Hi,

 

Thanks for the advise. I have already sent off all of those letters though. I don't have anymore options but to let the account defualt.

 

Thanks.

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Hi, have you got proof of delivery for your CCA Request? If you have, then I would suggest one further letter with a copy of the CCA Request and a photocopy of the receipt by them, of the original request.

 

This will serve to prove that you are not ignoring them, and that they are ignoring your legal request, and that the account is legally 'in dispute' from 12 + 2 working days after proven receipt date.

 

This 'paper trail' will come in very handy as this matter progresses.

Every journey begins with a single step :):)

 

Please note: I have no qualifications in this area - my advice is learned from the wonderful members of this Forum. Thanks to you all for your help.

 

If you have found my post helpful please leave a short message by clicking the star to the left of my profile - Thank You

 

The only person entitled to your Personal Finance details is a Judge not a DCA

 

Move all banking activity to another banking group if you have a dispute - your funds can be used to offset debts within the same group.

Be careful with Banking details (card/account numbers) as these can be used to take unauthorised payments.

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