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cvj1
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Have overdraft with Natwest that I cannot afford to repay.

 

Had phone call with them threatening to pass the account over to their collections department.

 

This is not something that worries me (credit smashed to pieces already due to repossession a few years ago).

 

Just wondering if once it has been passed to their collection department is it then possible to offer a nominal amount (from family member) as a settlement figure,

 

I'm looking at 50-60%.

 

Any info would be appreciated

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how much of this is PENALTY charges

 

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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and when was YOUR last financial transaction?

 

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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Hi Dx

 

I'm pretty sure the last transaction (me putting money in) was over 6 months ago. There has been two direct debits (totaling £25) still being taken out. Thanks

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Whatever you do don't speak with them on the telephone, from my own personal experience I can tell you it will come back to bite you on the bum. They will agree to things which they will later deny, and the chances are that even if they say they record calls they will conveniently not have a recording of the calls you may later query.

 

Rob

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An original creditor will not accept less than the full amount.

 

Once it is in debt collection (their in house collectors) it seems that 75% of the balance to 50% is achievable.

 

Before you offer, you may want to check that they have the T&Cs and interest rates correct. You will need to do a CCA request (to the DCA) for this. You should claim all the unfair/illegal charges back before doing a F&F offer.

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