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    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

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    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
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    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

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      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
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GMAC, Paratus capital recoveries and a short fall after vol repo.


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Hi, everyone,

my case started in 2006 when i remortgaged with gmac.

I had a well paid job and all was fine.

 

Shortly after this i was made redundant and had to take a much lesser paid job.

I also had a secured loan with gmac.

 

I admit i buried my head in the sand trying to keep the family together but i knew that the inevitable would come one day.

 

In nov 2010 i decided to hand back the keys to the property as all my children were up and gone and i knew the time had arrived.

While all this was going on,gmac had handed over to paratus.

 

In dec 2011 the house was sold well under the value of the mortgage.

At this moment in time i am living between my sisters,daughters and parents houses as i can not afford to rent anywhere.

 

I came to an arrangement with black horse and i am paying £50 per month to clear the secured loan but this is going to take years to clear (i probably wont be here).

I sent a letter to capital securities offering £50 per month for 5 years in full and final settlement but they have refused stating that they will accept the offer for 6 months but then want i/ex updates and to increase the amount as time goes on.

 

Again i will be paying the amount for more years than i will be here!!.

I am thinking about making myself bankrupt but if anyone can give me some advice of any alternative i would appreciate it.

 

Sorry for the long winded post.

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  • 10 months later...

Hi all,

I did a voluntary repossession approx. 2 years ago and the house sold with a shortfall.

 

I have received a letter offering a MASSIVE discount by capital recoveries to clear the balance or increase my payments to £75 but I cant afford to do even that.

 

I have been paying them £50 per month.

 

I have received nothing from paratus informing me of any assignment to capital recoveries.

 

The question I would like advice on is should I SAR paratus and if I here nothing tell capital recoveries the account is in dispute

 

I know paratus alias gmac are a pain to deal with but I need to get some closure on this as I would be paying instalments to them for the rest of my life!!.

 

I have no assets and live now in a rented property so they cant do much in that respect.

 

Any advice would be much appreciated.

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if someone is offering a massive discount

 

this means there is something WRONG with the shortfall amount they are charging you.

 

you need to gather as much info as possible from everywhere.

 

yes an sar would be a very good idea.

 

something smells here

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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nothing they are a dca with no legal powers.

 

what does if anything your cra file say about this shortfall.

 

that sar will be interesting

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

so its been sold to them then.

 

for the min I would.

 

but you need to findout what is going on

 

has the shortfall got a default date on the summary of the debt.?

 

and are you payment reducing the figure

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

Default date is 16/11/2010.

 

The default is with paratus , no mention of capital recoveries on my file.

 

I will check opening balance with amount currently outstanding but im pretty sure the amount is coming down.

 

I will send c/recoveries a letter stating I can not afford to increase payments and will sar paratus to see what they come up with.

 

Will keep updating.

 

Many thanks.

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  • 2 weeks later...
  • dx100uk changed the title to CMAC, Paratus capital recoveries and a short fall after vol repo.
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