Reliable Collections & fashion World debt

[Landrover90]

Hello

 

I have had an account with Fashion World which I got into difficulty with the balance is around £2600.

 

The account was passed on to reliable, who agreed to accept £20 a month

they said that the account would be looked at by their review team,

and I would likely get the interest frozen and backdated from when the £20 started.

 

After a couple of months interest was still being added

so I sent a CCA request to get statement and interest rates from them.

 

They replied in there letter outlining the agreement and stating that the interest was stopped.

 

I wrote back saying that the interest had not been stopped,

they replied saying that they had made a clerical error in saying that the interest had been stopped and that it would not be stopped.

 

My problem here is I am a student now and recovering from long term physical and mental illness.

The £20 goes nowhere near covering the interest and the debt is increasing each month.

 

 

What would you guys suggest I do?

 

someone suggest not paying until they issued a default or sold it on as then there would be no more interest added.

 

Thank you.

[dx100uk]

RC are one of their in house DCA's any how.

 

got all your statements?

 

i bet you have loads of £12 PENALTY fees

 

get reclaiming.

 

cat debts are VERY low priority.

 

tell them they are only going to get £xxPCM for xx mts

as a goodwill gesture

and as a reciprocal GOGW they must freeze int & refrin from levying PENALTY charges.

if they wont

drop them to £1PCM for life.

then pay by your internet banking site

and get reclaiming

 

dx

 

TAKE CONTROL

[Landrover90]

Ok thank you for the quick reply I will write to them and ask them nicely.

 

I don't have many charges perhaps total of £100 do late return charges for sending items back count?

 

Thanks

[dx100uk]

any FEE that is deemed to be a PENALTY

 

dx

[dx100uk]

and you dont ASK

 

you TELL THEM>

 

dx

[Landrover90]

Hi everyone.

 

I wrote to reliable and they wrote bank wanting a letter from my doctor, bank statements and a income and expenditure form.

 

I am rather inclined to tell them to Foxtrot Oscar but the account balance is still climbing every month.

 

what should I do now?

[dx100uk]

no you dont send them that stuff

only a judge can demand such in fo.

 

if they are still levying penalty charges & interest

 

then follow this:

 

your objective here is to get them to accept your offer

but..

.

you TELL [dont ask] them they are only going to get £xxPCM for xx mts as a goodwill gesture

and as a reciprocal GOGW they must freeze int & refrain from levying PENALTY charges.

.

if they wont,

you will drop them to £1PCM for life.

.

as an EXAMPLE>

.dear fleecer

I am currently in financial difficulties and not able to meet my normal monthly repayments.

to show my goodwill, i am going to pay £5 for 6 mts.

.

.

i will update you in 6mts time or before, should my situation change.

.

could you please as a reciprocal goodwill guesture,

.

refrain from levying any penalty charges & freeze the interest on my account.?

.

Should you fail to assist me during a period of financial difficulty, contrary to all the guidelines and codes

issued by the relevent bodies and authorities that govern you and the way you conduct yourselves.

.

i shall have no alternative but to reduce my offer to £1PCM for the rest of the life of the account,

.

.

as your actions would do nothing to help me.

.

i thank you for your time.

..

.The OFT has stated 'it is abasic principle that creditors cannot refuse to

 

accept payments from adebtor. If we receive evidence of a creditor

 

operating a deliberatepolicy of refusing to accept debtor created

 

repayments plans to thepoint where it is causing more detriment we may view

 

this as an unfair businesspractice'

 

 

dx

.

then pay by your internet banking site

.

and get reclaiming

.

TAKE CONTROL

.

or

if you have sent the above and they refuse

then as an EXAMPLE write back........

.

.

i'm sorry, but you have failed to assist me during a period of financial difficulty, against all the guidelines and codes

issued by the relevent bodies and authorities that govern you and the way you conduct yourselves.

i repeat again, the contents of my letter dated dd/mm/yyyy, for want of clarification:

to show my goodwill, i am going to pay £XX for XX mts

could you please as a reciprocal goodwill guesture, refrain from levying any penalty charges & freeze the interest on my account.

.

i will update you in 6mts time or before, should my situation chance.

.

should you fail to help by refraining from levying unlawful PENALTY charges & freeze my interest,

i shall have no alternative but to reduce my offer to £1PCM for the rest of the life of the account,

as your actions are doing nothing to help me.

This is contrary to the rules you should operate under.##The OFT has stated 'it is abasic principle that creditors cannot refuse to

 

accept payments from adebtor. If we receive evidence of a creditor

 

operating a deliberatepolicy of refusing to accept debtor created

 

repayments plans to thepoint where it is causing more detriment we may view

 

this as an unfair businesspractice'

 

 

 

disgruntled account holder

dx

[Landrover90]

Hi everyone,

 

I have had no luck with these letters to fashion world and they have still been charging interest while I have been paying a pound a month. The outstanding balance is now over £3300. Today I have received a default notice from them. What happens from here? do they still charge interest?

 

Many thanks

[Landrover90]

I have received a default notice on a spiraling catalog debt that was taken out online.

Been paying them a pound month for a year.

What happens now?

 

Thanks

[ims21]

Two threads merged on the same issue.

[BRIGADIER2JCS]

The account may well be sold to debt purchaser.