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    • The gaming giant is offloading the Venetian in a $6.25bn deal to invest in Singapore and Macao. View the full article
    • ok best shot..   you need to reply to that letter of claim.   for debt covered by the consumer credit act:   send a cca request along with the completed form:   NOTE ONLY USE THE ATTACHED FORM below DO NOT USE THE FORM SUPPLIED BY THE DCA IN THEIR PAP LETTER!! DO NOT USE OR GIVE THEM YOUR EMAIL/PHONE NUMBER. USE ROYAL MAIL 1st class - get free proof of posting from any PO counter   box D tick   I dispute this debt because ..i refer you to our previous communications and my previous respond to your previous Letter of Claim. i am over 50yrs and have deferred as required to meet the age write off.    box I tick   I also require you to supply the following..   All signed agreements Copies All my deferment sent to either yourselves, the SLC or the SAAS to date. Copies of all communications bothways in whatever format to/from Erudio, Capquest, yourselves and Me A copy of the any Default Notices A copy of the Notice of Assignment A complete set of statements detailing exactly how the sum you allege is owed has accrued detailing: All Transactions. Any additional charges, be them by the original creditor or you xxxx the debt purchaser or any predecessor DCA. Details of all contractual interest added by whom and on what date. List of ALL Payments made toward the Agreement   no need to do the financial statement etc anything else or send anything else bar the above do NOT give them your phone nor email PRINT your name never sign the form   staple the £1  PO to the CCA request and send it to the debt purchaser return the completed PAP form below to the solicitors that sent it to you attain free proof of posting for BOTH at any PO counter 1st class mail will do. recorded is a waste of money   reply form PAP.pdf
    • There's more support for many in the Budget, but for some it still falls short. View the full article
    • no you are kidding me...   they can't be that thick surely... could be game over if they've faked it.   can you attach it to a private msg to me please.  
    • The original pdf did bring up txt boxes where my details were, it wasn't as if it was a photocopied document with my details embedded and I do find it awfully convenient it appeared the very next day after the case meeting.   The address was the same as it should have been, but ive only recently moved, this case was already in motion during my move.   Can I then just argue the authenticity of the CCA  at the next meeting? Explain that when put into a editor my personal details and only them pop up as carefully placed text boxes whereas the rest of the form looks photocopied??
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    • I sent in the bailiffs to the BBC. They collected £350. It made me smile.
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    • Hi @BankFodder
      Sorry for only updating you now, but after your guidance with submitting the claim it was pretty straight forward and I didn't want to unnecessarily waste your time. Especially with this guide you wrote here, so many thanks for that
      So I issued the claim on day 15 and they requested more time to respond.
      They took until the last day to respond and denied the claim, unsurprisingly saying my contract was with Packlink and not with them.
       
      I opted for mediation, and it played out very similarly to other people's experiences.
       
      In the first call I outlined my case, and I referred to the Contracts (Rights of Third Parties) Act 1999 as the reason to why I do in fact have a contract with them. 
       
      In the second call the mediator came back with an offer of the full amount of the phone and postage £146.93, but not the court costs. I said I was not willing to accept this and the mediator came across as a bit irritated that I would not accept this and said I should be flexible. I insisted that the law was on my side and I was willing to take them to court. The mediator went back to Hermes with what I said.
       
      In the third call the mediator said that they would offer the full amount. However, he said that Hermes still thought that I should have taken the case against Packlink instead, and that they would try to recover the court costs themselves from Packlink.
       
      To be fair to them, if Packlink wasn't based in Spain I would've made the claim against them instead. But since they are overseas and the law lets me take action against Hermes directly, it's the best way of trying to recover the money.
       
      So this is a great win. Thank you so much for your help and all of the resources available on this site. It has helped me so much especially as someone who does not know anything about making money claims.
       
      Many thanks, stay safe and have a good Christmas!
       
       
        • Thanks
    • Hermes and mediation hints. https://www.consumeractiongroup.co.uk/topic/428981-hermes-and-mediation-hints/&do=findComment&comment=5080003
      • 1 reply
    • Natwest Bank Transfer Fraud Call HMRC Please help. https://www.consumeractiongroup.co.uk/topic/428951-natwest-bank-transfer-fraud-call-hmrc-please-help/&do=findComment&comment=5079786
      • 33 replies

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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Thanks dx, will get that off soon. Will be interesting to see the figures they come back with. In the meantime any suggestions on what to do with capital recoveries.

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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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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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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...

Well surprise surprise, capital recoveries have accepted that I continue with my current payments and will review in 6 months. Nothing forthcoming from my sar to paratus as yet.

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