Lloyds credit card - offered a DCA a full & final settlement figure .

[tiaposy]

I offered a DCA a full & final settlement figure for a debt to Lloyds credit card.

 

They have written asking for a full breakdown of what I earn/what I pay out each month

Do I have to fill this in?

Do they ever check these?

They want to know where I work too, which I know will result in numerous daily phone calls!

 

Shall I just return the form, with the chq for the amount I offered and see what happens?

 

Thanks

[kurvaface]

They are a debt collector.

 

They have no power whatsoever.

 

Would you give your child's personal data to a paedophile? - Then don't give your's to a DCA!

 

Are there any unlawful charges on this account.

 

Have you checked your credit file?

[victoria_siempre]

Hi tiaposy

 

kurv is bang on. Offering a F&F implies you have some funds which whets their appetite for more; F&Fs are tricky beasts and require a lot of research and a judgement call.

 

x

 

v

[BRIGADIER2JCS]

Please don't try to ''force''

an F&F by sending a payment

before you have reached an agreement

with a creditor this can go very wrong

very easily.

[brokebutnotbeatn]

All that will happen is that they will cash the check and continue to pursue you for the rest of it.

[tiaposy]

Hi GuysThanks for this. Can I claim back the £12.00 charges also? There may be PPI which I am currently pursuing.I haven't checked my credit file (head in sand moment!)How can a F&F settlement go wrong?Thanks

[victoria_siempre]

Hi again

 

Reclaim the PPI + interest if applicable which is easy. Reclaim the charges which is harder but doable.You do need to have a good read around this wonderful self-help site..

 

F&Fs are tricky and often fools' gold. Unless its watertight they will take it as a part payment and sell the balance (plus further charges) on. In any event, your credit file is likely to be adversely marked so the F&F has dubious merit unless you are seeking to forestall some more unpleasant action, like a charging order on a property that has significant equity.

 

This is all a very strange game to which there are no 'right' answers; you can learn by reading other threads.

 

x

 

v

[kurvaface]

Check your credit file.

 

Despite the worry you might have about the state it may be in, this is more than outweighed by the sense of empowerment you will feel when you finally are able to see your whole financial picture. It will not be as bad as you think and I promise you will feel more confident about how to handle things by doing so

[tiaposy]

Hi

 

My hubby has received a letter from a DCA about a debt to Lloyds for a credit card. Is there any way to find out wether this is over 6 years old (which I am sure it is) without acknowledging the debt?

 

Thanks

[filrobbo]

Yes send Lloyd's a sar

[tiaposy]

Hi. Will that say when they last contacted him?

 

Thanks

[dx100uk]

firstly get your hubby's credit file see below.

 

2nd send the DCA a CCa request.

 

adapt the following text to YOUR details.

.

DO NOT SIGN THE LETTER!

.

get a £1 BLANK Postal order

.

write on the back.

for statutory £1 CCA FEE ONLY.

NOT FOR ACCOUNT PAYMENT

.

leave the payee BLANK

.

post the two off by 1st class post, get proof of posting from PO counter - ITS FREE!!

.

they have 12+2 WORKING days to comply.

.

.

firm demanding money

 

street,

 

town,

 

county

 

postcode

 

 

 

Dear Sir/Madam

 

 

 

Account/Reference Number 12345678

 

I do not acknowledge any debt with your Company or Associates

 

This letter is a formal request pursuant to s.[77/78/79]

[***DELETE AS NECESSARY FOR YOUR TYPE OF ACCOUNT***

77/78 - everything bar HP agreemwnts, 79 for HP]

of the Consumer Credit Act 1974.

I require you to provide me with a true copy of the credit agreement relating to the above account,

together with any other documentation the Act requires you to provide,

including a detailed statement of the account.

 

I expect you to comply fully and properly with this request, within the statutory time limit.

You are reminded that should you fail to comply with my request, the provisions of s.77 will apply.

 

If it is your view that you are not the creditor, s.175 of the CCA 1974 applies in the case of a simple assignment,

and places a duty upon you to pass this request to the creditor.

In the case of an absolute assignment, you are a creditor as defined by s.189.

If you contend that you purchased the rights but not the duties of any agreement,

you are reminded that s.189 of the Act is clear that an assignment is of both rights and duties.

 

Your attention is drawn to ss.5(2), 3(b),6 and 7 of the Consumer Protection From Unfair Trading Regulations 2008 (CPUTR).

 

I enclose a postal order in the sum of £1.00, which is the statutory fee.

Note that these funds are not to be used for any other purpose

 

If you are unable to comply fully and properly with this request,

you should confirm this in writing at the earliest opportunity,

and certainly within the statutory time limit for compliance, and return the fee.

 

We look forward to hearing from you.

 

Yours faithfully

 

Mr A N Other [PC print yourname - do NOT sign it!]

[filrobbo]

Thats much better.