newbie help

[george82]

hi everyone i had started a post in another forum and advised to post individually in each section

 

as it stand i owe close to 10k on my barclaycard as i lost my job in jan of this year ive had the card for many many years.

 

always paid

always clean

now ive hit bad times they're lumping it into me.

 

at this moment i have no way of paying this debt off and im wondering what my options are as i have approx 20k of other debts

 

im paying token payments but i need to know what to do next all the information on here is mind boggling.

 

should i ask for a copy of my cca.

 

ive never had ppi so thats not an option for me.

many thanks for all/any replies

[havinastella]

Hi again George.

 

A request for your CCA would be the best way to go. If they can't find the original, it'll give you better bargining power.

 

Have a look in the library section, there are also some letters about stopping interest and lowering payments.

 

Jogs

[george82]

hi thanks for quick response what bargining power will it give me i know that sounds silly and i know the debt will never be written off. ive been looking into a trust deed but dont know if this is a good way to go. its all such a mess thanks

[slick132]

Hi George,

 

See this Article about getting the interest and charges stopped while you are in Financial Difficulty - http://www.consumeractiongroup.co.uk/forum/content.php?557-Letter-for-an-application-for-consideration-for-hardship

 

Although a CCA request may only be of limited use, it's worth doing for the £1 fee.

 

[citizenB]

Have posted some information on one of your other threads

 

Also, you need to establish if there is any PPI that might have been mis sold or if there are any charges that can be reclaimed.

[george82]

So if I ask for my credit agreement and a true copy cannot be supplied where does that leave me just with a better position for a full and final settlement I'm reading so many things my head is fried with it all I really need to sit down and focus on 1 card at a time I can't believe I got into this much s**t

[slick132]

Hi George,

 

Sending off a CCA request now may buy you a little time at a time when you can most use it.

 

If they're unable to produce a proper credit agreement in response, it may put you in a stronger position if you come to negotiate on a F&F Settl't. However, that would probably be many months from now, perhaps longer.

 

Regardless of whether you make a CCA 1974 request, you should use the Article I linked above, to get BC to stop adding any interest and penalty charges to the a/c.

 

You can do the same for other Credit Card and/or bank a/c's but deal with these separately in the appropriate CAG forum.