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Jayney69

BCW Group / Red Castle Recoveries

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I (stupidly) had a payday loan which got passed on to BCW Group / Red Castle Recoveries. I have acknowledged the debt (they have proof of it :sad:). They've written to me again stating they need a response in 7 days so I've written the following:

 

 

"I have taken independent advice and, following this, and a review of my income and expenditure (to which you have no legal right of sight), I am able to offer a token payment of £5.00 until my circumstances improve.

 

Please send me a standing order form so that I may start these payments forthwith."

 

By "independent advice" I mean this website:roll:

 

Is this satisfactory?

 

All charges/interest etc has been stopped.

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I don't see a problem , just wait and see what comes back and post it up.

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Bet they say they will only forward you the bank details after you have sent them an I&E form, but someone else will probably have their bank details..


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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Don't they have to go to court to get I&E form?

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When you took the Payday loan did the company not ask for your bank details? If yes then will the loan company pass them on anyway>

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Don't they have to go to court to get I&E form?

ONLY a Judge can request an I&E form, and ONLY a judge can view it to make an informed decision as to how much your able to pay.


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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PLEASE NOTE - I am not a legal expert, what is stated is my own opinion and from what I have learnt from this forum and my own experiences.

 

DEBT COLLECTION LETTER/SAR/AGREEMENT TEMPLATES ARE HERE - http://www.consumeractiongroup.co.uk/forum/content.php?65-legislation

 

IF WE HAVE BEEN HELPFUL -PLEASE, PLEASE, PLEASE GIVE A DONATION TO HELP US TO CONTINUE HELPING YOU

 

I AM HAPPY TO RECEIVE PM's AND I WILL RESPOND IF I FEEL I CAN ASSIST BUT WHEN YOU DO CAN YOU PLEASE PROVIDE A LINK TO YOUR THREAD ON WHICH YOU WOULD LIKE ME TO COMMENT - THANK YOU

 

IMPORTANT - If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.

Before you decide,consider the users here who have already offered help and support.

Private message facilities are offered for users to communicate issues that are/or could be seen to be inappropriate for posting on the main forum.Site rules explain this in more detail.

If you are approached by private message with a view to asking you to visit another website,please inform the site team via the report icon.

 

Forum rules - http://www.consumeractiongroup.co.uk/forum/forum-rules-please-read/9-forum-rules-please-read.html

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Link doesn't want to work????


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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Sorry about that...it is a link to one of the blogs by Sequenci

 

Sequenci's Debt Diaries

 

 

The great income and expenditure form debate moderated.gifedit_small.png

 

 

3 Comments

by sequenci on 24th November 2010 at 02:54 (1787 Views)

 

The debt section of the Consumer Action Group is always a vibrant affair encompassing a vast array of situations, circumstances, and often many criminally unfair examples of creditor shenanigans. It’s a great place, the sense of community spirit is fantastic – I’m sure the credit industry must view it in admiration and trepidation in equal measure. I particularly love the fact that it is anonymous – and for plenty of our users this is holds significant importance. Debt advice is vital, especially when creditors start ramping up their behaviour. Although there is a reasonably good free advice network in the UK much of it requires either face-to-face or telephone-based assistance, this could, and does, put many people off – debt is a daunting prospect. Facing up to it can be a tremendously difficult challenge for a multitude of reasons.

 

So here is the quandary

The credit industry - including the lenders and collectors, the court system and the debt advice charities all agree that a realistic income and expenditure form is paramount in allowing reasonable offers of payment to be considered. I see members of the forum seem to be staunch advocates against the disclosure of a personal budget, why? I don’t get it. They will be quick to point out that ‘only a court can order the disclosure of someone’s income and expenditure’; of course they are quite correct. The problem lies that no creditor is going to allow an individual to pay a lesser sum on their credit debts unless they can see that the reduced offer is fair and reasonable. They will also want to see that offers of reduced payments are made using a pro-rata system if there are several creditors. The sooner the creditors are presented with a realistic budget sheet the sooner they will prevent things going further – that is a material fact. The debt advice industry has been especially vocal in ensuring that members of the public are allowed a fair and realistic amount of their essential outgoings – and so the
common financial statement
was born. Most creditors are quick to accept offers of payment on the proviso that the budget sheet conforms. Of course you may get the odd creditor that makes things a little more difficult, the key is to be persistent with them.

 

Fancy being sued?

 

Another concern I have is why anyone would want their situation to go as far as court when it could have been nipped in the bud much earlier? It would certainly save a lot of time and money. A court will expect to see an income and expenditure form but they may ignore it – especially if the debtor is a homeowner. Many courts will grant ‘forthwith’ judgments to allow the creditor the opportunity to apply for further enforcement, usually via the charging order route. Who wants that?

 

I honestly feel that acting quickly will allow an individual to get out of debt quicker. If the debts are not disputed and you want arrangements sorted quickly don’t be afraid of the mighty budget sheet.


PLEASE NOTE - I am not a legal expert, what is stated is my own opinion and from what I have learnt from this forum and my own experiences.

 

DEBT COLLECTION LETTER/SAR/AGREEMENT TEMPLATES ARE HERE - http://www.consumeractiongroup.co.uk/forum/content.php?65-legislation

 

IF WE HAVE BEEN HELPFUL -PLEASE, PLEASE, PLEASE GIVE A DONATION TO HELP US TO CONTINUE HELPING YOU

 

I AM HAPPY TO RECEIVE PM's AND I WILL RESPOND IF I FEEL I CAN ASSIST BUT WHEN YOU DO CAN YOU PLEASE PROVIDE A LINK TO YOUR THREAD ON WHICH YOU WOULD LIKE ME TO COMMENT - THANK YOU

 

IMPORTANT - If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.

Before you decide,consider the users here who have already offered help and support.

Private message facilities are offered for users to communicate issues that are/or could be seen to be inappropriate for posting on the main forum.Site rules explain this in more detail.

If you are approached by private message with a view to asking you to visit another website,please inform the site team via the report icon.

 

Forum rules - http://www.consumeractiongroup.co.uk/forum/forum-rules-please-read/9-forum-rules-please-read.html

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Got it.


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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