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Newbie: Info on CCJ's & Debt collection process please


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Hi,I'm currently defaulting on a number of loans and credit cards, I have been out of the country and have not managed to keep up the repayments but I am back and would like to sort out my debt problem. I have been receiving letters from debt collection agencies stating that they will start 'debt recovery proceedings' in 7 days and obviously I'm worried that this will result in a CCJ. Can anyone let me know what the procedure is for such a process and how best to go about negotiating either a final settlement or monthly repayment and whether there are any pitfalls that I need to be aware of, my main concern is that I'll be asked to pay more than I can afford as a couple of the loans are quite large.

 

Many Thanks

Lappers

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Hello and Welcome, Lapper.

 

Can you give some more detail regarding your Loans and Credit Cards, who with, how old, what stage your at with them, who are the debt collectors ect.

 

Regards.

 

Scott.

 
 

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

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Hi Scott,

 

Thanks for the quick reply! The main loan is with Egg for about £10k, currently being chased by Lowell financial and the other is with Lloyds bank for £4k being chased by Debt Management Ltd the credit card is at £2k being chased by Intrum Justitia (no idea who the lender is) and MBNA at £5k being chased by Link Financial - all have been defaulted for about 2 years and I have yet to make first contact with them.

 

Any advice you can provide would be most helpful

 

Thanks

Lappers

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Are you saying that you have had no contact with these various DCA's for 2 years, and it is only now you are receiving letters stating that they will start proceedings in 7 days.

Have you checked that you don't have any CCJ's already

I have no legal training, any knowledge I have has come from this forum, and my own experiences. Always balance up any advice you get with your own common sense.

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I have checked that I do not have any CCJ's as I am signed up with Experian for my credit report - is there another way I can check?

 

I believe I have been receiving correspondence from the creditors and DCA's whilst I have been away to an old address and they have recently started sending them to my new address.

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Lapper, when were the loans ect taken out and were any on-line ?

 
 

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

If you can, please donate to this site.

Help keep it up and active, helping people like you.

If you no longer require help, please do what you can to help others

RIP: Rooster-UK - MARTIN3030 - cerberusalert

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Makes it a bit more difficult regarding CCA's when taken out on-line, are there any charges you could re-claim on them all ?

 
 

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

If you can, please donate to this site.

Help keep it up and active, helping people like you.

If you no longer require help, please do what you can to help others

RIP: Rooster-UK - MARTIN3030 - cerberusalert

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I have the CCA's (I'm assuming by CCA you mean the credit agreement)from when I first took out the loans, albeit packed away abroad somewhere - what would I need to be looking for on the CCA? I have no idea what charges they have added since I defaulted and whether I could claim them back.

 

As I mentioned before I want to clear the debt but really don't know the best way to make the initial contact and how to position myself.... what to offer, not offer, what rights I have vs what rights the DCA have.

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