Jump to content

You can now change your notification sounds by going to this link https://www.consumeractiongroup.co.uk/index.php?/&app=soundboard&module=soundboard&controller=managesounds

 

You can find a library of free notification sounds in several places on the Internet. Here's one which has a very large selection https://notificationsounds.com/notification-sounds

 

 

BankFodder BankFodder

 

BankFodder BankFodder


mkb

Cap One response to request for reduced payments

style="text-align:center;"> Please note that this topic has not had any new posts for the last 3974 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Hi

My OH has account from last year which is probably enforceable so no CCA requested but sent I & E with letter requesting them to accept reduced payments. We were on DMP with Payplan but found them pretty useless when it came to correspondece.

 

Letter back today in which they're asking for:

 

Copy of letter showing entitlement to benefits (if any)

Copy of wage slips dated within last 3 months

Copy of bank statement showing income & general living expenses where available

List of other creditors & the amount we owe them

 

All of the above within 7 days & until they receive them OH will continue to receive any due fees & interest on the account. Please continue to make payments whilst we are dealing with the administration of your reduced payment arrangement!

 

Q - what happens if we do not supply the info? Surely they are not entitled to see all this?

 

Q - what should we do now?

 

Problem - we are home owners with probably some equity so not prepared to go BR & need to deal with these & others like them :(

 

d518c149.jpg

Edited by mkb
adding image

Share this post


Link to post
Share on other sites

no they most certainly are not entitled to know ANY of the details they ask for, inc an I/E!!

 

write to them and TELL them they will only be getting £XX for XX mts.

ask if they could reciprocate your goodwill payment by freezing the interest & any charges.

pay them by internet banking every month and DON'T forget.

 

if and a big IF they ever got you to court, the judge would laugh it outthe door & probably LOWER the payment.

 

they know this but are just chancing their arm.

 

on the front of charges & PPI? any to reclaim?

 

dx

  • Haha 1

please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

Share this post


Link to post
Share on other sites

Thanks DX but we probably can't say its a goodwill payment 'cos, assuming the agreement is legally enforceable, we are behind with the payments.

 

We are not prepared to be forced into bankruptcy so we need to reach an 'amicable arrangement'

 

Are cap one likely to take legal action?

 

I'm inclined to do as you suggested on the basis that any judge faced with our I & E's is likely to agree that we are prepared to pay the most we can but is that enough to keep these guys quiet?

Share this post


Link to post
Share on other sites

Will also send SAR to get statements to check for any charges (when we've got a spare tenner!)

Share this post


Link to post
Share on other sites

where is this BK threat coming from?

 

it might not keep them quiet, but, if its all you can afford, then they have no choice

they can threaten all they like, they won't get anymore.

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

Share this post


Link to post
Share on other sites

Sorry DX - probably me just in a tizzy at present!

 

Of course you're right - it's all we can afford so it's all they're gonna get :p

 

Thank you - have tipped your scales :D

Share this post


Link to post
Share on other sites

dx100uk is right, just pay what you can afford.

 

Bankruptcy costs them so it has to be worthwhile for them to reclaim assets etc, and its a long way off.. they still have to default/terminate before issuing any legal proceedings including bankruptcy, and it would more than likely be an outside DCA doing this not crapital one.

 

Be aware tho that crapone will continue to mark you as late and will default you, normally they will pass you to internal DCA's for resolution before sending it outside so to speak.

 

If you are paying I would imagine the internal DCA's will agree to some sort of payment plan. Crapital One will only agree if you supply everything including your mothers shoe size :-(

 

S.


Are You as Anonymous on CAG as You Think You Are? *Link*

 

The CAG is a free help site,should you be offered help that requires payment,please report it to site team.

 

Deal with your debts:

STEP ONE - Dont Panic! | STEP TWO - Priority & Non Priority Debts | STEP THREE - Personal Budget Sheet | STEP FOUR - A SAFE bank Account | STEP FIVE - Dealing with Priority Debts | STEP SIX - Non-priority Debts | STEP SEVEN - Non-Priority Debt-Repayment Opt1 | STEP EIGHT - Non-Priority Debt-Repayment Opt2 | STEP NINE - Perils of Consolidation | STEP TEN - RE-Evaluate Frequently

 

***** SERIOUSLY IN DEBT, DONT KNOW WHAT TO DO, TRY NationalDebtLine's MoneySteps *****

 

 

IMPORTANT: Please take my advice in the spirit it is given and on the basis that I am expressing my opinion, These opinions are not endorsed by CAG in anyway and are offered informally without prejudice or warranty of any kind. These opinions are solely based upon the knowledge I've gained from this fantastic site and life in general. I have NO legal training.

Share this post


Link to post
Share on other sites
Thanks DX but we probably can't say its a goodwill payment 'cos, assuming the agreement is legally enforceable, we are behind with the payments.

 

We are not prepared to be forced into bankruptcy so we need to reach an 'amicable arrangement'

 

Are cap one likely to take legal action?

 

I'm inclined to do as you suggested on the basis that any judge faced with our I & E's is likely to agree that we are prepared to pay the most we can but is that enough to keep these guys quiet?

 

goodwill payment, reduced payment, it matters not.

you are paying SOMETHING on a regular basis, which is ALL the court would ever demand from you.

 

don't fall into this trap of creditors having a 'legal right' to any payment above rent/mortgage/ctax & eating! they don't.

 

as long as you make even a £1 payment, you are being responsible toward your debts in trying to manage them & no court would ever dictate otherwise.

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

Share this post


Link to post
Share on other sites

Thank you - your words are very empowering :)

Share this post


Link to post
Share on other sites

Letter from CrapOne today asking us to complete their I & E form and return within 28 days. When they get this, they will agree a payment plan :smile:

Yeah right - they've already had this!

 

Sent us giro slips to pay with but these slips don't have a tear-off bit as receipt so I don't want to use them.

 

Does anyone have their bank details so I can use internet banking to pay by standing order?

Share this post


Link to post
Share on other sites
Letter from CrapOne today asking us to complete their I & E form and return within 28 days. When they get this, they will agree a payment plan :smile:

Yeah right - they've already had this!

 

Sent us giro slips to pay with but these slips don't have a tear-off bit as receipt so I don't want to use them.

 

Does anyone have their bank details so I can use internet banking to pay by standing order?

 

I make electronic payments direct into the account, I think the details needed are on the back of the statements they send.

 

S.


Are You as Anonymous on CAG as You Think You Are? *Link*

 

The CAG is a free help site,should you be offered help that requires payment,please report it to site team.

 

Deal with your debts:

STEP ONE - Dont Panic! | STEP TWO - Priority & Non Priority Debts | STEP THREE - Personal Budget Sheet | STEP FOUR - A SAFE bank Account | STEP FIVE - Dealing with Priority Debts | STEP SIX - Non-priority Debts | STEP SEVEN - Non-Priority Debt-Repayment Opt1 | STEP EIGHT - Non-Priority Debt-Repayment Opt2 | STEP NINE - Perils of Consolidation | STEP TEN - RE-Evaluate Frequently

 

***** SERIOUSLY IN DEBT, DONT KNOW WHAT TO DO, TRY NationalDebtLine's MoneySteps *****

 

 

IMPORTANT: Please take my advice in the spirit it is given and on the basis that I am expressing my opinion, These opinions are not endorsed by CAG in anyway and are offered informally without prejudice or warranty of any kind. These opinions are solely based upon the knowledge I've gained from this fantastic site and life in general. I have NO legal training.

Share this post


Link to post
Share on other sites

Thank you Shadow - never thought to look on them cos I was trying the numbers on the payment slips (which my bank say has an incorrect sort code!)

Share this post


Link to post
Share on other sites
Thank you Shadow - never thought to look on them cos I was trying the numbers on the payment slips (which my bank say has an incorrect sort code!)

 

No probs... think its in the section listing how to pay.. only thing to ensure is the reference you give is correct for your account number... I've been paying manually this way for four months now... all payments going through fine.

 

S.


Are You as Anonymous on CAG as You Think You Are? *Link*

 

The CAG is a free help site,should you be offered help that requires payment,please report it to site team.

 

Deal with your debts:

STEP ONE - Dont Panic! | STEP TWO - Priority & Non Priority Debts | STEP THREE - Personal Budget Sheet | STEP FOUR - A SAFE bank Account | STEP FIVE - Dealing with Priority Debts | STEP SIX - Non-priority Debts | STEP SEVEN - Non-Priority Debt-Repayment Opt1 | STEP EIGHT - Non-Priority Debt-Repayment Opt2 | STEP NINE - Perils of Consolidation | STEP TEN - RE-Evaluate Frequently

 

***** SERIOUSLY IN DEBT, DONT KNOW WHAT TO DO, TRY NationalDebtLine's MoneySteps *****

 

 

IMPORTANT: Please take my advice in the spirit it is given and on the basis that I am expressing my opinion, These opinions are not endorsed by CAG in anyway and are offered informally without prejudice or warranty of any kind. These opinions are solely based upon the knowledge I've gained from this fantastic site and life in general. I have NO legal training.

Share this post


Link to post
Share on other sites

S O all set up for the huge sum of £1.xx per month - have even set the 1st payment for £2.xx pm :lol:

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...