The net is closing in...

[Giveitblackmore]

Since my financial situation became difficult in summer of last year you have all been incredibly helpful and in a lt of ways have shown me the way with dealing with credit cards and loans and I now feel far more confident in dealing with these people and I am keeping them at bay succesfully.

 

The reason that my particular house of cards came tumbling down was that my bank Nat West decided to reduce my overdraft by a third which meant I could no longer pay the monthly bill on my NatWest Premier card which meant that I could not pay other commitments and so on.

 

The upshot of it was that I owe the bank a considerable amount which at the time I provided an I&E and an offer of payment in collaboration with CAB. They ignored me until now and are demanding the full amount and have passed the debt to a company called Tenon whom I just received a letter from demanding me to attend their offices to discuss the debt!

 

I am guessing this is just another tactic that I havent seen before and that having made an offer they have to take it or leave it or take me to court?

 

My World is now a very difficult place as the tenant in the house that I rent out has defaulted on their rent and they are refusing to move out at the end of their tenancy. Of course I will start proceedings but this could take over two months as I'm sure you know. I am struggling to pay my own rent and am really at my wits end. I'm startign to think that bankruptcy is the only way to get out of this. Havent slept for days, worried sick IVA is not an option as I owe too much money.

 

I'm not sure if theres any advice anyone can offer me or whether I'm just venting but if anyone has any thoughts I would as always be very grateful.

 

Thanks

 

GIB

[UnitedFront]

How long is left on the tenancy? Depending on the terms of the lease, could you not start proceedings to have the tenant evicted now for breach of contract, in so much as they have failed to pay their rent? Just a thought, someone that knows more will be along soon though.

 

I haven't heard of a DCA asking people to go to their offices; but I sure as hell is hot would not ever take a DCA up on such an "offer"!! Knowing the dirty tricks they employ even when they are on the phone or on someone's doorstep, can you imagine how much worse that would be if the alleged debtor was in the dirty DCA offices?!!?

 

Finally, what debt exactly is it this company are chasing for? And have you made cca requests to all of the relevant debts that you can make this request to (credit cards, loans etc)?

 

Cheers.

UF

[Giveitblackmore]

How long is left on the tenancy? Depending on the terms of the lease, could you not start proceedings to have the tenant evicted now for breach of contract, in so much as they have failed to pay their rent? Just a thought, someone that knows more will be along soon though.

Hi UF - Tenancy ended on 28th December but I agreed to a rolling contract and gave notice on that date. The issue is the lack of funds in the meantime. not sure I can stay afloat!

I haven't heard of a DCA asking people to go to their offices; but I sure as hell is hot would not ever take a DCA up on such an "offer"!! Knowing the dirty tricks they employ even when they are on the phone or on someone's doorstep, can you imagine how much worse that would be if the alleged debtor was in the dirty DCA offices?!!?

I know! I was quite shocked myself - not that I wouldnt relish a little face to face banter!

 

Finally, what debt exactly is it this company are chasing for? And have you made cca requests to all of the relevant debts that you can make this request to (credit cards, loans etc)?

This is for my bank overdraft and charge card which I know is not subject to CCA in the same way as cc's and loans. I have made CCA requests to all of my CC companies and have a file as thick as a whale omelette with their hilarious replies as well as my correspondence - that part of it I'm pretty much ok on (thanks to all the help and advice I've had on here) I have a number of threads Ive started on each creditor since I was lucky enough to find CAG

Cheers UF - GIB

 

Cheers.

UF

 

HI UF - my replies above! GIB

[alfwithhair]

Is this the outfit that asked you to visit their office

RSM Tenon

if so they are licensed Insolvency Practitioners.

Is this debt a commercial debt rather than a personal debt?

Edited January 17, 2010 by alfwithhair

[Giveitblackmore]

Hi Alf,

 

Yes it is them - it is a personal unsecured debt

[alfwithhair]

Hi Alf,

 

Yes it is them - it is a personal unsecured debt

 

what debt are they actually demanding full payment for?

Loan, credit card, overdraft, charge card?

Has the original creditor issued any default notices, termination notice?

Have had any notice of assignment?

 

is there any chance your could scan the letter and post it on here (minum any personal detail)

 

I have not heard of this company chasing personal debt before, they are not a DCA in the true sense. I certainly would not be making any visit to their office to discuss anything.

 

If you can ggive us some more details regard to actual debt they are try to collect we can advise the best course of action.

[spartathisis]

"RSM Tenon is regarded as one of the most progressive and entrepreneurial professional services firms in the UK today." Which means they see a chance to diversify into personal debt recovery! They do list debt recovery as one of their services though.

[spartathisis]

I think I would quite like to go to meet a dca!!!

[Giveitblackmore]

Unfortunately dont have access to a scanner right now.

 

happy to copy the letter here though...

 

I have been instructed by NatWest to contact you in relation to your outstanding debt and arrange a meeting with you to discuss the most amicable way of resolving this matter.

 

In the circumstances I would like you to attend my office on 27th january 2010 at 2pm

 

Would you please contact me by phone upon receipt of this letter to confirm the above appointment or to discuss your circumstances as I believe that I will be able to help you.

 

I was going to write back saying - I made the bank an offer based on a CAB approved I&E - I wont be attending your office - take it or leave it type thing.

 

What do you think?

 

GIB

[palomino]

I was going to write back saying - I made the bank an offer based on a CAB approved I&E - I wont be attending your office - take it or leave it type thing.

 

What do you think?

 

GIB

 

That sounds like the best way forward, although I would write in a very conciliatory tone, I would further add that

1. you are taking advice from the CAB, and having two advisors shows a lack of respect to both.

2. you are having some difficulty with the property you own in that the tenant is not paying the rent, and that you are actively trying to get this sorted out.

3. (as you note) the amount you are offering is the maximum that can afford at the moment. You are however desparate to resolve the situation and will be increasing the amounts repaid as soon as circumstances permit.

[BPRMS]

Hi Curious as to how this went.

I have just had an identical letter from Tenon this week re an RBS account where I was gstands and that ave a pesronal guarantee against a company bank account.

I take it that the advice stands and that I should only correspond in writting.

[coledog]

There seems to be a bit of a trend in that some 'DCAs' are trying to offer DMP services. I have been getting letters from 'Engage' wo are part of Mucky hall, offering to help me sort out my problems - no thanks.

 

As you have already taken independent advice and are following this, I would report this crew and RBS/Nat West, who are responsible for all this, to OFT as I am sure it breaks their guidelines. They are not in a position to offer independent advice, anything they say would be detrimental to your other creditors and this approach is misleading in the extreme

[42man]

If it was me I would write to them stating that I am happy to attend their offices on the date mentioned. I will be charging you at a rate of £50 per hour for my time including travelling time, and also for my fuel, train tickets, meal costs, etc etc. And unless I heard from them within 14 days then I can presume that they have accepted to pay my costs and expenses incurred...