Over 6 years of paying off debt, what happens next?

[Tunde]

I thought so too, thanks. I am going to write them saying they either send me a standing order form or I continue paying directly to the original creditor. Thanks.

[citizenB]

Their only aim is to get you on the phone.. of course they can send you a standing order slip - in fact they normally attach them to their statements.. silly sods!

 

Unless and until they provide you with these details then you can only assume that they have no right to the money and continuing to pay via the original creditor seems the right course of action.

[Tunde]

Thanks citizenB

[brokebutnotbeatn]

I haven't read the whole thread so forgive me if I misunderstand. however, based on what you have written it would be fine to pay Apex; just make sure the money you pay is coming off the total owed. Up to you however as different people play it different ways.

[Tunde]

I want to pay too but will just like them send me a standing order form so I can have something in writing for my records in terms of which account I am paying into. I think that is fair enough. Thanks for your input, very much appreciated.

[brokebutnotbeatn]

well, until the send you the appropriate details keep paying the OC and do not speak to Apex on the phone. Just keep resending them the letter you first wrote requesting details and manually cross out the date and rewrite it and get proof of posting over the PO counter (its free).

[Tunde]

Thanks a lot guys for your help.

They have both (APEX and WESCOT) agreed to send out the details to me in writing.

Thanks a lot for your help.

 

I have also been able to open a cash minder account with the Co-operative bank,

I need to deal with the overdraft with Halifax as I understand I can't tackle that problem if I still have a current account with them.

 

Does anyone have a letter template I can use in dealing with the overdraft from Halifax?

what I will like them to do is allow me to make regular payments every month without interests.

 

Thanks a lot for all your help.

I am a lot better off than 8 months ago when it all looked like there was no hope,

if not for the help I got on this forum,

my life and that of my family would have been a nightmare.

 

 

I cannot thank you guys enough.

[brokebutnotbeatn]

Tunde, go into a local branch and see if you can come to an agreement in person regarding the overdraft. Sometimes face-to-face is better; but if you do, make sure you get it in writing that you can then refer to if needed.

[Tunde]

Thanks brokebutnotbeatn, I will do that tomorrow and hopefully I can have a positive outcome. Thanks for your quick response.

[brokebutnotbeatn]

If you don't get a good outcome write to them outlining why you went in, what the (unacceptable) result was and how stressed you are about all of this. Get proof of postage which is free over the post office counter. It will help you amass material for a Formal Complaint down the line. Note they may not freeze the interest at zero, they may just reduce it, or they may refuse point blank to do anything of course other than come to an arrangement to pay back slowly...

[Tunde]

I am off work tomorrow so I will be able to go into my branch. I will post updates here after meeting with them.

[intend]

Hi Tunde, Glad you feel much better than awhile ago, Like you this site has been a godsend - I now don't worry about the debt and just get on with life, like many on this site.

 

Intend

[Tunde]

Hello all, it's been a while.

 

I have been away with little access to the internet.

A few developments: Halifax sent me a £25 cheque because of my complaints about how they treated me when they passed the accounts to Apex and Wescot.

 

Apex are yet to send me the account details for me to make payments directly to them so I keep paying the original creditor.

 

I cannot thank you guys enough,

I was even able to take my wife out to watch a film this week!!!

 

Not done that for about 2 years!

 

Thanks a lot.

[citizenB]

Hello Tunde, this is some good news then.

 

Enjoy your excursion to the cinema

[intend]

Good news - I too got a check for £25 for my complaint on how LTSB handled account - I insisted on a paying in book, just rec'd, the less the banks have my cash the better.

 

Keep going and things will get better.

 

Intend

[Bazooka Boo]

Excellent Tunde, glad you were able to spend their money on something enjoyable.

[Tunde]

Hello everyone, just a note to say thanks for your help. Life is a lot better and I have not missed any payment. I am very grateful and would love to give something back to this forum, how can I do that? I don't have a pay pal account.

 

Please let me know. Thanks a lot to everyone who helped, even my health and blood pressure is so much better. God bless you all.

[Word-Soup]

Thank you, and everyone else who has given you advice.

I have just read the thread through and I have hope now.

 

I have been battling and just about keeping my head above water for months.

This forum is amazing. Excellent.

[Tunde]

Hi all,

Thanks a lot for your help here, much appreciated.

 

My situation is that I had defaults on my credit cards and loans years ago (about 8 years ago),

it got to a point I could just not cope with the increasing percentage of interest they kept adding to the credit cards.

 

With the help of this forum, I was able to enter an agreement with the creditors and they froze the interests.

I have been making these payments since then without missing any, started out with about £24,000, now down to about £6000.

 

I wanted to find out what happens now that the agreement is over 6 years and how that should affect my credit rating.

Is there anything I need to do that can help with the credit rating?

 

I recently got a new credit card from COOP bank (it was a surprise!),

I have been using it and paying back before payment due date.

Is there anything else I can do or should do? 

 

Thanks a lot.

 

[dx100uk]

well the agreements being over 6yrs are immaterial. (i assume you mean payment agreements not the credit agreements?)

any default reaching it's 6th birthday removes the whole account paid or not paying or not from you file

 

you have running credit so thats good..

 

i will guess you mean..how else can i improve my score?

 

 

[Tunde]

Thanks a lot for the reply, yes I mean the payment agreement, if the default still appears on my file, how can I get it removed? 

Yes I mean how else can i improve my score.

 

Thank you.

[dx100uk]

All your debts should have been defaulted years ago when you arranged all the reduced payments

(i've merged your old thread here for history)

 

.

 

dx

 

[Tunde]

Thanks, that means it should no longer be on my file, right?

How do I get it off my file if it is still showing?

Thanks a lot for your help.

 

Tunde.

[dx100uk]

what are the defaulted dates of the debts on your credit file?

they should all have been defaulted within 3-6mts of you starting your reduced payment scheme 8yrs ago.

as those were the ICO regulations at the time.

 

[Tunde]

Both are Link accounts, inherited from Barclaycard, this is all it says on the file..........

 

Details of Account - LINK FINANCIAL (BCRD) 
Type - Credit Card/Store Card
Account started
26/06/1998
Current Status - Up to date
Entry code - C3

Details of Account - LINK FINANCIAL (BCRD) 
Type - Credit Card/Store Card
Account started
19/04/2000
Current Status - Up to date
Entry code - C4