Jump to content


debt and bankrupcy help


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 762 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

  • Replies 132
  • Created
  • Last Reply

Top Posters In This Topic

hello ,

advise what to do .

 

got a letter today from shoosmiths llp solicitors instructed by bos to recover balance outstanding,

 

Saying the balance is our responsibility and its important that a mutually acceptable payment is agreed at an early stage.

 

saying our client wants a reasonable resolution and should we be unable to pay in full other options are available which will enable us to resolve our liability as soon as possible.

 

want us in the first instance to call them but enclosed is expenditure form and payment proposal for full and final

asking to state the full amount we wish to offer in f&f and other option monthly payment offer.

 

dont want them to be checking this site so lets say the outstanding balance is 40k,

we want to offer 10% is it likely they will accept?

 

should we also do the income and expenditure ?

 

also states we can email them.

 

help please

Link to post
Share on other sites

so this is the overdraft?

 

might be a lot better if all these debts get their own thread

 

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... 

Link to post
Share on other sites

ok sri

 

so they 'appear' to be offering a discount.

 

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... 

Link to post
Share on other sites

They will want to see your personal financial situation. If they consider that income could net them more by way of an instalment plan, they might well refuse a F&F offer :(

 

Did you speak to National Debtline ?

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

Link to post
Share on other sites

Best of luck :)

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

Link to post
Share on other sites

  • 4 weeks later...

Yes, they must send you a Notice of Assignment (either them or the original creditor) . You could test the water at 25%, but you would need assurances that any balance will not be sold on for someone else to have a go at pursuing.

 

If you are not sure they are the owner of the debt, then send the attached letter.

 

[ATTACH=CONFIG]45449[/ATTACH]

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

Link to post
Share on other sites

CitizenB has given you the way forward,it is a good idea to include in the letter a small paragraph along the lines of" you are also required to advise me as to the amount paid for the debt"

 

They are not required to do this,and will give the excuse that it is commercially sensitive data,however they may just slip up and tell you.We are aware it is as low as 4p in the £ and the average appears to be 7p in the £

 

Good Luck

 

FS

Link to post
Share on other sites

are you desparate to settle it.

it wont go off your cra file for 6yrs if you do.

 

if its mostly penalty charges then

your stance should be very very low.

 

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... 

Link to post
Share on other sites

  • 3 weeks later...

Have tried to settle with most creditors as want to do the right thing

, letter today from Barclaycard loan,

 

we req f&f on a £6k loan and we recd a letter today,

 

we write to advise we are prepared without prejudice to accept £1.500 in full and final settlement of the debt provided payment is made by 10/09.

 

can anyone advise if this letter is okay as im happy to go ahead with this if it is.

Link to post
Share on other sites

have you got all the statements?

 

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... 

Link to post
Share on other sites

then there must be penalty charges and ppi to reclaim

 

that will be the discount they are offering?

 

could be more there under a reclaim than what they are offering.

 

if you do F7F

just make sure you stipulate they remove ALL negative markers [late/over etc]

 

and mark the debt SETTLED, not PARTIAL SETTLEMENT.

 

as that wont make any diff to your cra file if they don't.

 

I know it sounds weird

but why do you want to pay this?

 

need a clean CRa file?

 

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... 

Link to post
Share on other sites

Thanks for reply DX,

i just want to to do the right thing, not interested in my credit file as have no intention of ever repeating the debts .

 

I take it we should write back asking for it in writing that they mark the debt fully settled on credit file and remove negative markers?

 

The letter does say they would accept f&f settlement of the debt is that not enough ? k

Link to post
Share on other sites

no its not enough

 

basically it would be a waste of the money

 

if it were not marked settled and markers all removed.

 

i'm sure we've travelled this road before

 

its all very well 'doing the right thing'

 

but who says you ACTUALLY owe all this money

 

I bet you don't.

 

if they are offering a discount

 

that means there is something WRONG with the debt.

 

no big institution would offer a discount

when they have the full power of the courts to force you to pay.

 

tell us the story of the loan

 

and pers i'd be getting that credit file too

 

what is the status of this debt on there?

 

something smells here big time

 

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... 

Link to post
Share on other sites

Hi , sorry for delay in reply,

checked noodle report and debt showing in default,

 

this was a refinanced loan and we owe the money,

 

we asked for f&f and advised it was to prevent bankrupcy,

 

we have sent letter asking for account to be marked settled in full and just waiting on a response.

 

Thank you

Link to post
Share on other sites

so this was a refince loan what was the previous debt?

 

this could have charges/ppi that were rolled over and had even more charges & ppi add

 

could be lots to reclaim here

might wipe the debt.

 

you really should be sending Barclays an sar.

 

what is the default date please

 

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... 

Link to post
Share on other sites

  • 2 weeks later...

sorry for the late reply,

 

there is no ppi or charges on the barclays account,

 

we sent a letter and they have failed to respond although letter was signed for,

 

we have until today to pay,

called barclays and they say the letter they sent was stating they were accepting a full anf final settlement

and the account would be marked as partially setl. ted and that this was normal

they also stated account would not be sold on . should we pay?

Link to post
Share on other sites

IMHO NO!!

 

they have offered a discount, so there is something WRONG with the debt

you need to find it

 

you need to SAR Barclays

 

they paperwork you show indicates this was a refinance of a previous debt.

 

you need to be sure that had no PPI or PENALTY charges first.

 

as for the marking of partial settlement.

 

if theres not previous default on the cra file

then you are resetting the 6yrs clock on the cra file

 

and a PS is just as bad as a default.

 

so will scupper any financing plans for a further 6yrs [if there is no default date already showing]

 

ideally you should press for it to be marker settled, and all neg data removed.

 

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... 

Link to post
Share on other sites

  • 5 years later...

Hello,

In 2013 we sold our home with a shortfall of over 37k.

We had an arrangement in place with Shoesmiths through the Halifax and had continued to pay £40 per month .

 

In March this year the Halifax wrote to us and advised they had transferred the debt to Moorcroft group , No reason and no missed payments .

We have continued to pay Moorcroft at same amount .

 

My question

is there is nothing on our credit file and mortgage shows closed and nothing showing anywhere for the shortfall .

We will be long dead before this is paid !

Will we need to pay this for the rest of our lives or is there a time limit ?

 

We have also been paying monthly payments to CSL AND lowell for debts that are no longer on our credit file ,

Can we stop paying ?

Many thanks in advance for any help .

Much appreciated .K

Link to post
Share on other sites

  • dx100uk changed the title to cabot and full and final on old barclays loan
 Share

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...