Awakening sleeping dogs!

[price2pay]

I am extremely grateful to this site for making me face up to my debt crisis and taking the first step in opening up a stack of 'debt style' letters that have been delivered to my address for just over a year now. I am particurlally grateful to the forum members, Renegadeinmp and Wintry for the support with the two previous threads I have started.

 

I would like to pay off my debts which are PDL's, utility bills, credit and shopping cards. I have defaulted on all of them and some are a year on this status. I still cannot make payments to the debtors because I don't have enough to live on, but I will start to have a surplus in about four months time.

 

The issues for me now are:

Should I wait for four months without any correspondence to the debtors? They have waited probably over a year without any correspondence back to them so far.

 

One of the debtors Capital One Credit Card has written a letter to me explaining that my account is no longer being managed by a debt collection agency and been returned back to Capital One. I am confident to prioritise paying this debt back but i dont want to get in to a situation were they refuse my offer of payment and renew debt collector tactics.

 

Advantis Credit have sent me two separate letters , one with a debt that I recognise because the originators name and ref number are on the letter but on the other letter they send an originators name which I don't recognise and I dont remember the amount owing stated either! I want to correspond with Advantis in four months time rather than seeking clarification at this stage.

 

The letters I receive are generally from debt collection agencies asking me to make contact and tend to end with a home visit threat. I have managed to maintatin life by moving address and changing my bank account card details. Therefor I would be more comfortable in responding back and confirming new details and payment in four months time. Do I need a third party like the CAB to record my decisions so far?

[BRIGADIER2JCS]

No just keep all the letters you receive and do

not discuss any of the debts on the phone.

 

Keep a seperate folder fo each debt.

[citizenB]

That is interesting that Capital One have said the account has been returned to them. Was there PPI on it do you know ?

 

If there is, then you should be thinking if it was mis sold if so, then it can be reclaimed.

 

Do you know if there are any default/late payment charges added to any of the accounts - you will be able to reclaim those.

[price2pay]

I have to get to grips with the whole PPI thing CitizenB!

Not sure if I have been missold any on my debts , but I note you have useful links on your reply , so I will read and update post soon.

Cheers!

[dx100uk]

the util bill needs to be your first priority by far

 

dx

[price2pay]

Thanks DX,

I have moved into 'All included in Rent' accomodation , therefor I am paying off bills for my last accomodation, which in my circumstance are not priority

[price2pay]

I have to get to grips with the whole PPI thing CitizenB!

Not sure if I have been missold any on my debts , but I note you have useful links on your reply , so I will read and update post soon.

Cheers!

 

Just had a quick rammage to see if I could find my Capital One agreement and i cannot find it at the moment, but looking through another credit card agreement, ( I have two credit cards) I notice I do have some sort of PPI on it. It's my fault for not noticing it earlier as the 'terms for review' finished a few months ago. But then the credit card company seem to have contacted me with a third party to collect the debt without reference to the PPI. I am jus waking up to all of this, I have been overwhelmed with debt and other work/home stress.

I will take a breather from the finances today, but theres always a weight off my shoulders everytime I use this site!

[renegadeimp]

If you arent sure whether a debt has PPI or unfair charges attached, then you could always SAR the original creditor. It costs £10 for each SAR you make, but if you think there are charges or PPI on the account, it's well worth the tenner.