Lloyds Credit Card - valid CCA, then settlement offered.

[allets]

Just an update on this continuing saga.

From the previous postings on this topic, re letter from Lloyds, then a reply to them, letter from SC & M and a reply back to them, see below:

 

Another demanding letter appeared through the letterbox today from MHA Collections.

 

Do these people ever give up? Or is it a tactic which mainly pays off for the people who do not know of this forum?

I am sure though that as more and more of the general public find out about this forum, it just creates a larger and larger headache for the OC's and DCA's.

 

This is the reply I am sending to them, which is what I sent to SC & M, obviously amended with new address and date, etc.

 

2009-02-26 SCM reply to my offer letter.pdf 2009-03-25 LLoyds debt MHA letter.pdf

[allets]

As a further note, I forgot to mention, I asked for my CCA on 19 March also.

[allets]

Hello fellow Caggers.

I sent for and received a valid CCA for my credit card back in March.

Surprise surprise, because it was valid, it was received in the specific timescale, with all the details correct. Now if it was invalid, I would still be waiting for it (like most of the other creditors I am dealing with). Anyway I digress.

Yesterday I received a full and final settlement offer without prejudice of £4,700 ( I owe them just over £9,000) provided I pay it within the next 10 days.

I am currently paying them £25 per month as arranged for the next 6 months.

It does seem tempting but as I can't afford do pay this, then I will be declining the offer.

Does this seem a good deal and would there be any strings attached?

Could I make them a lower offer? If I could manage to wittle them down to 10% I might be able to manage to pay that.

What do you think?

 

Regards,

Allets.

 

Bump

[natalie]

Well you havent got anything to lose by putting forward a counter offer have you?

 

I would try it and see what they say.

 

Write them a letter telling them you cant afford £4,700 but could pay the debt off if they were willing to accept a f and f settlement of £1,000 (or whatever you can afford). Alternatively you will continue to pay £25 and you dont see your financial position changing in the foreseeable future.

 

Remember to add the condition that it is removed from your credit file too.

And make sure that you sound confident and in control and give them a deadline to respond to you or the offer will be withdrawn.

[FTMDave]

Open.

[allets]

An update to this long running debacle.

 

I CCA'd the current DCA ( IDEM) back in May 2022 as with other debts and increasing gas, electric, etc I was struggling to pay the monthly payment to them.

 

Nothing was heard after the deadline for a response, so I left it at that.

 

I received a letter from Hoist Finance stating that they had taken over the Debt from IDEM and should resume payment to the account.

 

I then replied back to them (Hoist Finance) that I request a copy of my CCA, this was at the end of October.

I received a reply on 12 November 2022, stating that they will contact me when they can provide me with a response.

 

Sure enough I got a reply yesterday along with a copy of my CCA. 

 

All the details seem correct along with my signature and date ( see attachments).

obviously I have deleted all information, but everything is crystal clear on the document I received.

 

How do I proceed with this?

 

If anything, it has given me a break from payments since June, but I was hoping for a better outcome.

Regards,

Allets.

 

hoist CCa return.pdf

[dx100uk]

that's not a CCA ...it's an application form that does not have all  the required prescribed terms etc to make it a CCA .

 

shame you assumed 13 yrs ago that was enforceable, you've been a nice cash cow to various DCA all theses years, no wonder they sold it on, here you have some free money, this mug has been coughing up nicely to use for 13yrs...

 

dx

 

[dx100uk]

FWIW a set of T&C's are NOT a replacement of the prescribed terms which must appear within a CCA regulated agreement.

 

that CCA is an application form devoid of all the necessary prescribed terms

 

you've been had, wrongly assuming it met enforceability....cash cowed.

 

dx

 

[dx100uk]

thread tidied

[allets]

Would you advise writing to them, pointing out their errors, or ignore them, seeing as they should know their errors.

Regards,

Allets.

[dx100uk]

god no do not ever tip them off.

 

dx