Can you deal a better final full discount with DCA's like Lowell etc?

[gust]

i cannot see the point in paying a debt with a discount

 

something is wrong else they'd go for the whole cigar.

 

If it were me i'd pay nothing

 

lowells are taking you for a mug.

 

You mit as well burn it tha pay it off.

 

 

Dx

 

agreed!!!

[somethingelseplease]

I did make a point of saying if they didn't offer me a discount then my solicitor was filling for Bankrupcty and would probably wipe my debt clean

 

He had to go speak to a manager about the 50% discount offer

[IdaInFife]

Some people just want to get their feet cleared and get rid of their debts. Sax you MUST get it in writing that they accept your offer as full settlement plus that they or any third party will not peruse you for the remainder.

 

 

 

Also a company not supplying a cca does not make the debt unenforceable gust, suggest you have a read in the legal forum where many companies issue court action where a cca reply

has not been produced

[gust]

 

Also a company not supplying a cca does not make the debt unenforceable gust, suggest you have a read in the legal forum where many companies issue court action where a cca reply

has not been produced.

 

Hi thanks

 

So why have i been told this time and again here? see above #29 as i was told this previously on this forum.

 

I will just stick to my own business then in future. thanks

[somethingelseplease]

Thanks,

 

I will phone Lowells on Monday morning and confirm that they send me a confirmation saying the rest won't be passed on and the 50% is the final and complete settlement

 

I'll post the letter email from one of the accounts tomorrow and let you judge whether it needs more proof of settlement

[IdaInFife]

as in the thread you refer to gust you are being advised that if they do not reply to a cca you can then send an account in dispute letter - no where have you been advised if they don't respond this make the unenforceable.

 

no need to go in the huff...this is an open forum for exactly that reason so we can make a judgement on ALL the info or opinions provided.

 

Sax you can send your own full and final offer wording it correctly

[IdaInFife]

letter J

 

http://www.consumeractiongroup.co.uk/forum/content.php?590-Creditors-and-DCAs-Letter-Templates-Budget-Planner

[gust]

Of course - that was the understanding i got from alot of the help i have received and reading letters etc.

 

apologies if i am incorrect - not in a huff, just stating i will shut my mouth if im incorrect. that is all.

 

this letter i refer to

 

http://www.consumeractiongroup.co.uk/forum/content.php?436-Failure-to-provide-a-copy-of-the-agreement-within-the-prescribed-timescale.

 

[dx100uk]

I did make a point of saying if they didn't offer me a discount then my solicitor was filling for Bankrupcty and would probably wipe my debt clean

 

He had to go speak to a manager about the 50% discount offer

 

no thats juast a std ruse on the phone

which is why you should never really phone them

 

IF and a very big IF you do pay them anything...

 

you MUST make it a condition that ALL negative data is REMOVED from your CRA

& the debt is marked SETTLED not PARTIAL settlement.

 

if you get that in WRITING FIRST, then p'haps go for it.

 

else do not pay them.

 

dx

[dx100uk]

Of course - that was the understanding i got from alot of the help i have received and reading letters etc.

 

apologies if i am incorrect - not in a huff, just stating i will shut my mouth if im incorrect. that is all.

 

this letter i refer to

 

http://www.consumeractiongroup.co.uk/forum/content.php?436-Failure-to-provide-a-copy-of-the-agreement-within-the-prescribed-timescale.

 

 

gust i was going write the same as ida tonight but got beaten.....

 

no CCA does not prevent anyone from ASKING for payment

nor does it stop them trashing your CRA file too.

 

as for this 'un-en' thing.

 

you certainly wont be 100% protected from poss going to court

 

recon agreements, with a clear financial link & statements

have been knwn to be accepted by a judge

'

we dont 'like' the idea of or the ethos of un-en here at CAG

to be frank, thats debt avoidance,

or wriggling out of your debts by a paperwork 'error'

 

we'd rather help deal with actually matter in hand

and see if there is reclaiming to be done or actual wrongs against the consumer.

 

dx

[somethingelseplease]

Ok guys, here is the one and only copy of an account he sent me, out of the 4 this is the only one he sent

 

Is there anything else the letter needs to state??

 

 

Lowell letter.pdf

 

Have removed lowell reference that could be used to identify you.

Edited August 6, 2012 by citizenB
removed personal info

[dx100uk]

post 38

 

there is nothing there at all about how they will mark cra et all

or what about the balanace etc.

 

dx

[somethingelseplease]

How do you mean 'cra et all' ??

 

The balance is there isnt it?

 

The whole balance and the 50% off balance

[dx100uk]

ye but i bet it will be marked partial settlement with just your payment off full balance

thus leaving it open to further colletion.

 

please do as in post 38

 

dx

[somethingelseplease]

I will dx

 

I'll call tomorrow and make sure they send me a letter from each account stating they will remove all negative data is removed and each one marked as settled NOT partial

 

Finally getting these debts sorted out is such a sigh of relief and I thank everyone for their input and help

[somethingelseplease]

There saying the credit report will only state partial settled but the balance will say £0

 

They state the debt will not be sold on

 

After the payment is done then in regards to oft guidelines they will send a letter saying account is settled

 

If they don't I'm entitled to get the Data Subject Access of the call which states Lara Black said "we will definetly not sell this on and the account will be settled"

Edited August 6, 2012 by somethingelseplease

[dx100uk]

then you might as well bun the money.....

 

i wonder why if they are reducing the bal to '0'

they wont mark it as settled?

 

because with no bal its settled...

 

as soon a you pay they'll put the outstanding back and pass it on

 

do not trust them.

 

settle and remove the default and any other neg markers no NODEAL.

 

 

dx

[somethingelseplease]

She stated that the balance on the credit report will be marked as £0 and the account will be settled.

 

Oh I don't know what to do now, I just want this done and dusted!!

 

She read the letter out to me which they send after and it clearly said, the account once paid will be full and final settlement

 

She was saying that for example one account on the credit report will go from balance £685 to £0

 

Lara stated that if they did sell this on and that what she said was a lie it could be brought up in court as all calls are recorded etc

[ims21]

Don't forget, they will say anything on the phone to get money out of you and then that can easily deny it later.

 

With respect, you are putting far too much trust in Lowell. As dx has said...DO NOT TRUST THEM.

 

IF (note the IF) cyou are going to pay then you need the full and correct terms of any settlement arrangement in writing BEFORE you settle, not rely on a letter coming after the event.

 

These outfits run a business model which is purely designed to get money out of people, they have no interest in treating helping you whatsoever.

[dx100uk]

:thumb:

 

dx

[BRIGADIER2JCS]

Hi Saxo, looking in as asked.

 

What do you need? A letter drafted to make the F&F?

[somethingelseplease]

 

IF (note the IF) cyou are going to pay then you need the full and correct terms of any settlement arrangement in writing BEFORE you settle, not rely on a letter coming after the event.

 

What about that letter on page 2? That's the proof they say there sending me which does state 'must receive your £xxxx as settlement' ?

[somethingelseplease]

No Brigadear, It's just a bit of input regarding this situation from you also as I have spoken to you before about things.

 

I understand that I should not make payment until I have it clear in writing that the debt will be 'settled' but Lowells say they will settle the debt (which is stated in the letter page 3) and won't pass it on. Even though the debt is partial settles they can still sell the remainder on, but Lowell are saying they won't and can't send me another letter stating they will mark the debt as settled

 

Can you look at the letter on page 2 please, this is the letter they are sending me in regards to all 4 accounts....

 

I take it from everyone's advice that, that letter doesn't have all the necessary characteristics which tells you the account will be closed and def settled

[ims21]

What about that letter on page 2? That's the proof they say there sending me which does state 'must receive your £xxxx as settlement' ?

 

It doesn't confirm what they will put on the CRA file and it doesn't confirm that they will not sell the balance on.

 

It is not a letter you can rely on in respect of those points.

[BRIGADIER2JCS]

Hi Saxo, The F&F letter Must be explicit in it's demands

 

eg I require written confirmation that :

1. ALL credit reference agency files are marked ''SETTLED'',

given that this a full and final settlement I do not consider

partial settlement is a suitable entry.

2. Any remaining balance will not be sold or assigned to ANY 3rd party.

3.The amount offered is confirmed as agreed between us.