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Please help - Enforceable Agreement

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I am asking for advice on here as I am not sure what to do next..


So far it has gone like this:


Took out loan in 2003

Defaulted in 2004

Last payment Jan 2009

Default has dropped off credit record in 2010

Lowell Financial bought debt in 2009

Requested CAA in 2010

Have been sent an enforceable CAA


So I cant go down the unenforceable route, what should I do now?


- What would requesting SAR do? Would it make any difference?

- Should I send a statement of affairs and offer monthly repayments?

- What are the chances of them taking it down the route of taking it to court?

- I havn't made any payments to Lowell Financial so far as I wanted to make sure that they were the true holders of the debt. It turns out they are and have an enforceable agreement so if I offer to pay them all I can afford per month will they still try to take me to court?


As the default has dropped off my credit record I am scared about them applying for a CCJ which will ruin my credit for another 6 years and I dont have the money to pay the debt in full if they do apply for a CCJ.


Thank you for any help or advice, I'm just a bit worried at the moment and they said I have 21 days from the date they sent me the CAA to respond with my repayment details.

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Post up the CCA let us judge if it is enforceable.

Subject access request means you would be supplied with any info they hold on you, it would show any unfair charges that you may reclaim.

Is there any PPI on the account that can be reclaimed.They would be stupid to take you to court if you was paying what you could afford, a judge wouldn't look kindly on them.

Post up CCA remove any personal identifiers, we will go from there

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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