Reduced settlement offers?

[dx100uk]

really

that must be why we have hundreds of threads

where this has been done.

 

paid an F&F and then they comeback for the rest outstanding.

 

even bryan carter takes people to court for it.

 

so............

 

dx

[victoria_siempre]

Hi Eduin

 

I have my Equifax report in front of me which says:

 

Supplementary flags:

 

GONE AWAY

DEBT MANAGEMENT PROGRAM

PARTIAL SETTLEMENT

etc.

 

x

 

v

 

PS Sorry dx, posts crossed

[Eduin]

I have my Equifax report in front of me which says:

 

Supplementary flags:

 

GONE AWAY

DEBT MANAGEMENT PROGRAM

PARTIAL SETTLEMENT

 

Id be very interested to see a scan of that then, Ive seen a lot of credit reports in my time but never seen partial settlement noted anywhere.

[victoria_siempre]

Equifax Credit Report Explanatory Leaflet

 

x

 

v

[Eduin]

really

that must be why we have hundreds of threads

where this has been done.

 

paid an F&F and then they comeback for the rest outstanding.

 

even bryan carter takes people to court for it.

 

Doing something illegal (as the issues I've seen reported here) doesn't make individuals achieving F&F invalid.

[Eduin]

Equifax Credit Report Explanatory Leaflet

 

There would be a difference between something stated in a explanatory leaflet and what is actually recorded on a credit file.

[victoria_siempre]

But DCAs (and some OCs) flout the law with apparent impunity; as you would know if you were at the receiving end.

 

Over and out.

 

v

[Eduin]

But DCAs (and some OCs) flout the law with apparent impunity; as you would know if you were at the receiving end.

 

Over and out.

 

v

 

They don't do so without impunity. Its hard to explain just how heavily regulated the industry is to someone outside of it. 100% call recording, clients who class an unjustified complaint as a black mark against an agent/DCA, instructions to accept any repayment offer even when you can prove the debtor is lying, etc, etc, etc. There is no impunity in the industry.

 

Of course, there are rogue agents (most collectors earn less than £18k pa with a couple of hundred bonus every odd month) and rogue agencies (who get fined and/or closed down). The banks withdraw business from DCAs all the time based on failures of compliance which are treated incredibly seriously.