Reached the Point Where I Cannot Go on Shoring things up......

[Tingy]

It still doesn't tally - we are both talking about the Credit Reference File and the first post clearly says it has been explained to me that this will go down on my credit file as a 'partial settlement'and yet in post #4 it says satisfied will be put on the file. There is a big difference between the two so the OP needs to find out which it is.

[sequenci]

Hi there, this is worth a read:

 

http://www.consumeractiongroup.co.uk/forum/entry.php?202-Full-and-final-settlements-A-guide-for-the-rest-of-us

[victoria_siempre]

Welcome back seq

 

I think dx properly characterises a less than full F&F as fool's gold.

 

x

 

v

[scoobysnaxx]

Hi, I am on a payment plan with Barclaycard (Bal was over £10,000 now £9,000) they have put me on interest free.

 

Prior to going on the payment arrangement with them I did write to see if there was still an agreement going back as far as 1978 …

.Barclays were unable to provide a CCA.

 

However, I guess I have acknowledged the debt by going on the payment plan.

 

Prior to this Barclays upped the C/L WITHOUT my asking OR SIGNING anything over the years.

 

My question is:

- Can I still put the account in dispute and stop paying?

 

I have just had a call from a company calling themselves DWS Claims who told me that I should not be paying them anything…etc. that I have a claim for compensation.

 

Personally I think it’s all too late.

 

Any thoughts/advice greatly appreciated!

 

Regards

[citizenB]

Hmm, you really should not be listening to claims companies that tell you such things. This site is littered with people who have.

 

What compensation do they believe you should be entitled to ?

 

If there are charges or payment protection insurance which might have been mis sold, then you can claim these back.

[scoobysnaxx]

Thanks for your reply citizenB!

 

They basically wanted £250 upfront. They stated that I should not have to pay ANYTHING on this account as B.card should never have upped my credit limit without my signature. They said they could get the WHOLE amount cleared. Also, I would receive at least £1700 compensation.

Sounded tooo good to be true! Probably is!

[dx100uk]

pers i'd check your cra file

then

get an sar off to barclaycard

 

 

has there been a period of 6yrs whereby you did not use the card or write to them about it was there?

 

dx

[citizenB]

Thanks for your reply citizenB!

 

They basically wanted £250 upfront. They stated that I should not have to pay ANYTHING on this account as B.card should never have upped my credit limit without my signature. They said they could get the WHOLE amount cleared. Also, I would receive at least £1700 compensation.

Sounded tooo good to be true! Probably is!

 

 

I rather suspect that you have been misled. Credit card limits were universally increased and unless the terms and conditions radically altered, then there would have been no need to obtain a further signature from you.

 

Please tell me, you havent paid these people £250.00 ?

[scoobysnaxx]

No, I have not paid anything to them...thought I'd check here first!

 

The card was used right up until my husband suffered a heart attack and we had to cancel our holiday. We are separated now...which has an aweful lot to do with the debt we have accrued.

I cannot go boring you with the details of how this debt came about ..suffice to say there is a sad story behind it.

 

Thanks for your advice!

 

Just wondering whilst I've got your attention.

 

I have received a letter informing me that one of my credit card debts has been sold to Moorcroft debt recovery...anyone know what this means for me?

(I will start a fresh thread if this is the wrong place to ask! )

Many thanks!

[dx100uk]

can you check these debts show on your cra file please.

 

dx

[citizenB]

have received a letter informing me that one of my credit card debts has been sold to Moorcroft debt recovery...anyone know what this means for me?

(I will start a fresh thread if this is the wrong place to ask! )

Many thanks!

No it is ok to stay here for the moment

Has it actually been sold/assigned to Moorcroft or have they simply passed it on for collection ? There is a difference.

Do you have a payment arrangement with the original creditor ?

You might want to have a read of the following

The following has recently been brought to my attention and could prove very useful. Especially now the OFT guidance specifically states it's an Unfair practiceto ignore a cashflow budget!

If you are experiencing difficulty in repaying your debts, CASHflow is a way for you to negotiate affordable repayments with your creditors. Before you can use CASHflow, you must have spoken to one of the free advice agencies licensed to offer CASHflow to their clients. The advice agency will start by talking to you about all of the options available, and can help you to decide if CASHflow is the right one for you.

If you decide to use CASHflow, you will be provided with all of the tools you need to be able to complete your own financial statement and negotiate offers of repayment with creditors yourself. This will enable you to stay in control of your situation, but still have support from an adviser at any stage if you need it.

You can contact a local advice agency to check if they offer CASHflow. You can find a list of free advice agencies that are near to you by searching for a money adviser in England or Wales, Scotland, or Northern Ireland.

Alternatively, you can call National Debtline on 0808 808 4000

CASHflow: http://www.cashflow.uk.net/

National Debtline: http://www.nationaldebtline.co.uk/

https://www.mymoneysteps.org/

xx

It is actually quite important how you arrived at the point where you are struggling to meet your financial obligations. If your bank/creditor is unsympathetic or fails to treat you fairly when in genuine hardship there are consequences for them.

After you have perhaps read what I have posted above, then you might want to have a read of the BCOBS articles in my signature - they are highlighted in green.

Just yell if you dont understand or require further advice.

[scoobysnaxx]

Quick reply! Sorry!

 

The Moorgate letter which arrived Friday states

“ has been purchased by Britannica Recoveries S.a.r.l acting in the name and on behalf of it’s compartment Mortlake (Britannica-Mortlake)

and welcome you to Moorgate Loan servicing Ltd. “ Moved to them from 30/1/12

 

The missed payment were genuine errors not actual missed payments.

I have been paying my husband a/c also as he more or less had what I'm sure was a nervous breakdown.

He eventually took over his own a/c and somehow MY dd got cancelled by whatever he did.

MBNA never gave me the impression that this was ever going to happen..

 

.what do it mean?

Thank you!

[citizenB]

Ah right, so it wasnt Moorcroft who actually purchased the account.. It does look as though you have been advised correctly of the assignment.

 

It simply means that Barclays have written the account off their own books and the account now belongs to a "new owner".

 

DX has suggested that you obtain a copy of your credit files this will show if the debts are being recorded/defaulted or even if they are on there at all.

[scoobysnaxx]

CitizenB

***DX has suggested that you obtain a copy of your credit files this will show if the debts are being recorded/defaulted or even if they are on there at all.***

 

I will get onto to obtaining this information. Just wondering what the relevance of this is though?

 

Thank you so much for your reply!

 

x

[citizenB]

DX explains the relevance in post # 4

[scoobysnaxx]

Ok..thanks!