How to put an end to debt profile ! sizeable cash warchest available

[omoeko]

Hi All,

 

There are some debts that I'm trying to deal with, some of these debts have been going on for some time now.However I have a copy of my credit report and a sizeable warchest of around £15k promised.

 

HSBC:

Credit card balance: £3,500,Unenforceable CCA,Defaulted

Loan: Balance = £4,000, defaulted

Bank account = 900, defaulted

 

Lloyds

 

Loan1: Balance = £6,500, Defaulted, taken out in 2004

Loan2: Balance = £7,500, Defaulted, taken out in 2007

Bank account = £2,700, defaulted

Credit card: Balance = £6,300, Defaulted, taken out in 2007

 

Halifax

 

Loan: £6,500 balance, defaulted, pay £1 token sum

 

I have had all the debts passed onto DCA over the years, but now I'm thinking of writing to the actual banks with a F&F, I have done this to the DCA but none has since accepted. Also, there is often confusion on which DCA to deal with as it seems to be getting passed over and over again.

 

Any ideas anyone.

[havinastella]

Are you paying towards all of these debts? Do you have charges on the accounts or PPI?

 

Are any near to being Stat barred?

 

Need lots more info until we can give full advise.

[maroondevo52]

Hi,

 

On the defaulted accounts what was the date of the defaults, regarding the credit cards and loans are there any charges or PPI on these which you could re-claim ?

[omoeko]

Are you paying towards all of these debts? Do you have charges on the accounts or PPI?

 

Are any near to being Stat barred?

 

Need lots more info until we can give full advise.

I have claimed PPI from lloyds, this was what inspired the cash war chest, in fact got about £6k back.

None will be anywhere close enough to stat barred as we have tried to reach a resolution in the past to no avail and sadly this involves letters or token payments.

[omoeko]

Hi,

 

On the defaulted accounts what was the date of the defaults, regarding the credit cards and loans are there any charges or PPI on these which you could re-claim ?

 

PPI claimed with lloyds. The lloyds credit card, how will I know if I had PPI as part of it. I know the loans did as its clear in the agreements.

HSBC credit card def was in 04/2009

HSBC loan: 10/2009

Lloyds account: 03/2010

Lloyds card:09/2010

Lloyds loan:09/2010

Lloyds loan2: 06/2010

 

No payments ongoing for all debts.

Thanks in advance

[dx100uk]

i'm a bit puzzled as to who OWNS each of your debts?

 

if they are still listed as the OC on the CRA file

certainly DO NOT pay any DCA's anything.

 

your key here is the default date of each too

 

list them.

 

i hope your ppi reund included the fact that you might have refinanced each loan with another, if this is the case?

 

as lloyds are favourite for not calculating rollover.

 

dx

[omoeko]

i'm a bit puzzled as to who OWNS each of your debts?

 

if they are still listed as the OC on the CRA file

certainly DO NOT pay any DCA's anything.

 

your key here is the default date of each too

 

list them.

 

i hope your ppi reund included the fact that you might have refinanced each loan with another, if this is the case?

 

as lloyds are favourite for not calculating rollover.

 

dx

The last post above by me lists all the default date as seen in credit file

[omoeko]

i'm a bit puzzled as to who OWNS each of your debts?

 

if they are still listed as the OC on the CRA file

certainly DO NOT pay any DCA's anything.

 

your key here is the default date of each too

 

list them.

 

i hope your ppi reund included the fact that you might have refinanced each loan with another, if this is the case?

 

as lloyds are favourite for not calculating rollover.

 

dx

 

Default date below

Originally Posted by maroondevo52:

 

Default dates in credit file listed below

 

HSBC credit card def was in 04/2009

HSBC loan: 10/2009

Lloyds account: 03/2010

Lloyds card:09/2010

Lloyds loan:09/2010

Lloyds loan2: 06/2010

 

No payments ongoing for all debts.

Thanks in advance

[omoeko]

Anyone please

[dx100uk]

ok so none are near sb then nor falling of through 6 yrs default. 2016 at best there..

 

what is your eventual idea behind this?

 

are you wanting a clear CRAfile?

 

none of your debts look to be owned by any DCA's

so ignore them

 

you could try the OC's

 

but, if it were ME in this situation

 

i'd not go anywhere near them with that money before i'd SAR'd everyone

got every statement i could

worked out if any PENALTY charges & PPI reclaims are available

 

then make my mind up.

 

i'd put the money in a saving account where no bugger could get at it.

 

dx

[omoeko]

ok so none are near sb then nor falling of through 6 yrs default. 2016 at best there..

 

what is your eventual idea behind this?

 

are you wanting a clear CRAfile?

 

none of your debts look to be owned by any DCA's

so ignore them

 

you could try the OC's

 

but, if it were ME in this situation

 

i'd not go anywhere near them with that money before i'd SAR'd everyone

got every statement i could

worked out if any PENALTY charges & PPI reclaims are available

 

then make my mind up.

 

i'd put the money in a saving account where no bugger could get at it.

 

dx

 

My goal is to be free of debts.

What do you mean by OC ?

I have SARd everyone, got the ones with PPI and got paid for it .

Main goal is to be debt free, as ,mentioned got almost 5k from lloyds for PPI, HSBC credit file is unenforceable.

Is it worth writing to the banks directly to settle ? And if so, should that be collective per bank or each debt separate

 

Thanks in advance

[dx100uk]

HSBC:

Credit card balance: £3,500,Unenforceable CCA,Defaulted 04/2009

Loan: Balance = £4,000, defaulted 10/2009

Bank account = 900, defaulted [when?]

 

Lloyds

Loan1 2006?: Balance = £6,500, Defaulted 09/2010, taken out in 2004

Loan2 2006?: Balance = £7,500, Defaulted 06/2010, taken out in 2007

Bank account = £2,700, defaulted [when?]

credit card account, air miles duo accont was opened in May 2007: Balance = £6,300, Defaulted, taken out in 2007

 

halifax

Loan: £6,500 balance, defaulted [when?], pay £1 token sum

 

 

now you have SOO many old threads on these im gonna go away and read up.

 

one thing i've noticed

your two lloyds loans were a refinance

they both had PPI

so i HOPE the calcs will be correct on the PPI refund

 

did you do a spreadsheet?

 

 

gonna go away and merge all these threads where i can and get reading on each.

 

dx

[dx100uk]

it seems like you keep asking the same questions by just starting a new thread each time

 

here is the 156 msgs thread from last year.

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?266769-Debt-payment-tactics-!-Creditors-refusing-my-offers

 

dx

[omoeko]

it seems like you keep asking the same questions by just starting a new thread each time

 

here is the 156 msgs thread from last year.

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?266769-Debt-payment-tactics-!-Creditors-refusing-my-offers

 

dx

I got the PPI calculation right as I went through CAG all the way, there has been a lot as the case is a bit complicated and all I want to do is get out of e debt tangle, reason why I have been asking loads of questions is because there are loads of debts, different players, different people replying. I think all I need is someone like yourself to ask questions for directions.

 

Thanks in advance

[omoeko]

Anyone to advice please

[omoeko]

Anyone for advice on what to do next ?

 

Thanks in advance

[dx100uk]

ok lets start from scratch

 

have you exhusted all the reclaiming on all your debts?

 

like, have you

1. CCA'd everyone

2. requested an sar and got all te statements and checked for PENALTY charges & PPI

3. checked all you debts show on your CRAfile

 

dx

[omoeko]

ok lets start from scratch

 

have you exhusted all the reclaiming on all your debts?

 

like, have you

1. CCA'd everyone

2. requested an sar and got all te statements and checked for PENALTY charges & PPI

3. checked all you debts show on your CRAfile

 

dx

 

I have done all of the above, the ones which has a PPI claim .i.e Lloyds I already got my money back years ago, and in fact it forms almost 50% of the warechest available. Only HSBC credit card is enenforceable, trust me I have been on the forum for over 3yrs and I know how the system works. Please let me know if you need any more info.

[dx100uk]

then thats the only one that needs an F&F then.

 

dx

[omoeko]

If i read correctly, you mean I should only offer f&f for the hsbc credit card?

 

What about the other loans ? I really just want to put it behind me..

[dx100uk]

well either you want our help or you don't - it's simple really.

 

help us to help you

 

or

 

do what you wanted to do before you came here.

 

 

your call.

 

dx

[omoeko]

Hi DX

 

I just sent you a PM, of course I need help and appreciate your efforts. All I'm just asking for here is some clarity or clearness.

 

Many thanks.

[omoeko]

Anyone from advice please ? Need some clarity..

[dx100uk]

my advise and my advise only

it is not endorsed by cag or anyone.

 

"My goal is to be free of debts"

 

whilst the original creditors OWN your debts

getting them to settle for a reduced amount by F&F is unlikely

as you have no PENALTY charges or PPI to bargain with.

 

regardless to if you pay them off [settle] the default of a debt

on your CRA file will still remain until its 6th birthday

 

on that 6th birthday the WHOLE ACCOUNT will vanish..PAID OR NOT.

 

so:

 

do you [iMHO] waste your warchest on this

or

save it / use it for a better life now.

 

my thoughs go with save it.

 

i have seen little evidence in all my years on here

of OC's removing defaults if you offer to settle

 

so:

again IMHO your money would be wasted

as it will not improve your credit rating.

 

now:

 

if a debt get sold on to a dCA

that changes the goal posts

 

many will accept F&F's WITH the priviso that ALL neg data is removed.

 

if or if not you continue to pay your token payments is your choice

however, whilst youare

the oc's p'haps will not sell your debts on.

 

your call

 

HTH

 

dx

[omoeko]

Thanks for response, I get silly letters from DCA offering f&f but not good enough a deal and what's the point of settling 1 out of 6 or so.

Basically I don't care about defaults on credit file etc, just want to be free of being chased. Not that it hurts, just that sometimes you want some peace and quiet, especially when you pass a certain age.