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Hi

 

I am a newbie to this site and read as much as I canover last few weeks.

 

I am in quite a bit of debt (£40k+) spread over 6 creditors - since 2006 I have had a my own DMP in place paying pro rata to all of them approx 1% of the o/s debt - so quite reasonable.

 

Problem I have is with a Tesco Loan that went to Triton Credit and now with Incasso - they basically want me to pay an increased figure to clear the debt in 5 years - presently it will take me about 8-9 years. If I dont agree they MAY take legal action - I have written to them advising I cant pay more - I owe more to one other creditor and they are being unreasonable - NO RESPONSE to my letters. I have sent them last week a CCA request - will this help?

 

I am worried about being taken to court and getting a CCJ - I am trying to pay back my debts but its getting really difficult - I have read about Unenforecable Debts if CCA cant be supplied - all mine were taken out prior to 2006 so do I have a case? - sorry maybe more then one thread here. Ultimately I have been paying over £4k a year since 2006 to my creditors plus what I paid when I paid in full and would ideally like to not pay anymore as my mental health/family life is rubbish at the moment!

 

Help and advise please - seems there is plenty of it around and its very reassuring!

 

:)

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it is std practice for these 'fake' solictors to demand more than the rest.

 

to be honest, if you are paying what you can NO judge would ever make you pay more and would probably laugh the CCJ out the door or assign a LOWER sum.

 

so's don't worry.

 

as for the CCA's i'd CCA everyone you are currently paying.

 

if you look at the top of this page in the library, the CCA request letter is there

 

i would not pay any attention to the letter its prob littered with the words, if might, maybe, could, instructed etc etc

its made to make you contact them...DON'T!!

 

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.

 

 

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DX,

 

Many thanks that is so reassuring, I will CCA everyone and see what happens - I have written to a couple of them just to see if they will reduce my debt/write off - do you think they will do that out of the kindest of their hearts (if they have one) or will I have to offically do this CCA thing.

 

One of my debts with Egg was passed to Apex Credit - they have been fine but I have since read that they probably bought by circa £6k debt for a lot less - are they 1: able to enforce this debt or 2: accept lower final settlement/write off? I have been paying them £72 a month for about a year now.

 

I wonder if I have much chance of getting my debts written off or reduced substantially - does medical grounds count for anything anymore?

 

I also read that approx 8% of a Loan figure is the banks liability - is there any truth in this?

 

Finally is is best that I continue to deal with all issues myself rather then get solicitors involved or those companiesadvertising help. I am pretty clued up - ironically I am an Underwriter so know a lot about good/poor risks but not so much about the legalities in paying/not paying debts.

 

Sorry if I am rambling - its like a release of pressure, knowing there are people out there who understand!

 

:)

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no worries

 

no dont use these fleecing reclaim co's.

 

just be aware that even if the cca were to prove un-en, it doesn't wipe the debt out - it's not some magic bullet - contrary to wha these reclaim co's sprout.

 

the only thing it does do is prevent them from using the court route to enforce the debt.

 

have you looked at reclaiming unlawful fees &/or p'haps mis-sold PPI?

 

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.

 

 

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Yeah I have been reading about that - I guess if I CCA them and prove its unenforcebale then I could negotiate a reduced amount to pay back?

 

Does anyone know if I can agree to pay back a lower figure but do it over a period of time rather then a one off payment - I have no access to large sums of cash so even if they said pay back £10k I couldnt do it in one hit but could over 2 years.

 

I dont know much about unlawful fees or mis sold PPI - is there any links to that?

 

Are there any links to success stories of reduced/written off debts - just so I can get some ideas on how to go about it?

 

:)

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Yeah I have been reading about that - I guess if I CCA them and prove its unenforcebale then I could negotiate a reduced amount to pay back?

 

why...unless you need info on your cra file removed...i'd ignore them no cca = no pay!!

 

Does anyone know if I can agree to pay back a lower figure but do it over a period of time rather then a one off payment - I have no access to large sums of cash so even if they said pay back £10k I couldnt do it in one hit but could over 2 years.

 

as above. if they have offered a lower one off settlement, thats a good sign they hold no legally binding agreement.

 

I dont know much about unlawful fees or mis sold PPI - is there any links to that?

just use our search

reclaim unlawful charges

there is also a PPI forum with lots of stickys like:

notes for claimants .... to read.

do some reading.

 

Are there any links to success stories of reduced/written off debts - just so I can get some ideas on how to go about it?

 

:)

 

 

 

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.

 

 

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DX - your a star!

 

I am just very very nervous about all of this - if I CCA them and get no reply and stop paying I might end up in the S**T!! I guess from reading some of the links that wont happen - but I guess its the old story of a big company jumping all over the little man!

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i'd not worry too much

 

dca's have no legal powers, and rely on threats to con people into paying things they have no legal requirement to do.

 

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.

 

 

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Received letter from Incasso acknowled my CCA request but still not accepted my offer - I am worried they will just simply send a CCJ request which from previous letter MAY be at the end of this month - should I just sit tight?

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they cant do anything without a valid cca

 

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.

 

 

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Newbie here again.

 

Reading various threads, I have sooo many questions.

 

It seems that I may have some rights against my Credit Card companies for increasing my Credit without me actually asking for it. I have Egg C/Card, Co Op and Natwest Cards from 2000 onwards, when I started heavy use in 2002 they started to increase by Credit - seems as one done it the others followed, thus contributing to my debt problems.

 

Ok maybe I shouldnt of spent it - thats another story.

 

Anyway - I am asking for my CCA's from them but just need to understand a bit more about the above.

 

Sorry if this is posted on wrong Thread forum.

 

Appreciate your help/comments

 

:)

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Anyway - I am asking for my CCA's from them but just need to understand a bit more about the above.

 

Appreciate your help/comments

 

:)

 

Ask away, what do you need to know


If you are asked to deal with any matter via private message, PLEASE report it.

Everything I say is opinion only. If you are unsure on any comment made, you should see a qualified solicitor

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Hi Moby

 

Have you been mis-sold PPI? Have you been charged penalty charges? you can claim them back for at least 6 years with interest.

All templates and spreadsheets are here.

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I dont think I have any PPI on the credit cards, I do on my loans. I currently have agreed repayments in place and all interest has been frozen. To be fair to them they have been quite reasonable

 

I was just wondering if I have any recourse against them for increasing my credit when I didnt ask them too.

 

Egg has since sent my debt to Apex and I am paying them back now - once I have CCA back I will review if they can actually enforce.

 

But from other threads I have read it seems if they have increased by credit level without asking then I can feasible ask for this to be refunded plus interest if so I could considerably reduce my overall debt which is what I am trying to do for all my Credit Card/Loan debts.

 

Thx

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I would write a letter to that effect, you could argue that they didn't even carry out a credit check before rasing your credit limit, but make your you check first. I suppose

at some point after the interest rate was increased as well.

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Thanks, is there a way of checking if they did this without my request? Or shall I just state they did (99% sure on most cases they did) as they wouldnt be able to prove it was me that requested it in the first place!

 

Anyone have any letters on how I should set this out??

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please keep your threads in one place.


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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Sorry, not used to system yet - whats the best way to get a quick response to my query?? Should I close some down and restart them?? Sorry!

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I will merge and retitle for you.


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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3 threads merged


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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Many thanks for the merge - I need to read the notes on how to do stuff I think.

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