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Offering F&F to multiple creditors. What to do next?

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I am looking for advice on what I should do next regarding my debt. I would like to begin cleaning up my credit report and settle some of the accounts I own (most of which have defaulted). I know that these defaults will remain on my credit file for 6 years but I still wish to clear some of the debt.

 

Here is my current situation:

 

Type of Debt / DCA / Status / Balance

 

 

  1. Overdraft /Moorcroft / Default (30/03/11) / £3274
  2. Mail Order /Lowell / Default (04/01/11) / £1242
  3. Credit Card / Moorcroft / Default (19/10/12) / £706
  4. Credit Card /MBNA / Default (31/07/12) / £1153
  5. Credit Card /Moorcroft / Default (18/07/12) / £7075
  6. Credit Card /Moorcroft / Default (05/10/11) / £979
  7. HP / HFC Bank / Late (2 Payments) / £278

(Moorcroft are currently "acting of behalf" of the original creditor.)

 

I have many issues with this debt. I have sent all OC a SAR request and I am awaiting the documents. I have also sent F&F and CCA requests to each. This is where the problems start. I am almost certain that all will be able to comply with my CCA request at some point.

 

- Moorcroft have not been able to provide a CCA as yet (requested on 31/1/13) for 3 of the accounts but I did get a "reconstituted" copy of my agreement along with a statement of my account and t&C's for one account ( this does not look complete to me?). They did respond to my F&F request on each account. I offered 26% of the debt, they offered 87%. I sent them another letter reminding them of CCA and to reconsider my F&F offer. What should I offer them next?

 

- MBNA have provided me with a) a 'copy of my executed agreements' b) up to date terms & conditions c) copy of my most recent statement (which shows the state of your account). They have not replied to any F&F agreement. Is this acceptable compliance with the CCA request? This agreement has my "digital signature" as it was completed online.

 

- Lowell have not provided me with anything. No CCA (requested on 31/1/13) and not responded to my F&F offer.

 

- HFC have also not provided me with anything. Responded to F&F by requesting proof of income (i.e payslips). Responded to CCA request (sent on 31/1/13) by requesting proof of signature and separate proof of identification before complying and they returned my £1 postal order. I have sent them a letter today (based on a template found here) advising them that I am not required to send this information and asking why they are happy to send statements and other sensitive data to my address but require proof of ID now. Where do I go from here?

 

[Note: all letters are headed "Without prejudice" and state "I admit no debt to your company"]

So, my new forum friends, where should I go from here? Does anyone have experience with these DCA's in particular?

 

I know this is a handful, thank in advance for your help.

 

Sven

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hi wanna

 

you've made the best step already..sar'd the original creditors

 

thatway you can look see for any PENALTY charges and PPI etc etc to reclaim FIRST before an F&F offer.

 

IMHO i would start a new thread in the named forum for the OC as each SAR comes thru or each CCA from a dca related to that OC's debt comes through.

 

it will be better to deal with each sebt in a sep thread

else it will get MIGHTY confusing.

 

now you default issues...

 

sadly unless you can prove that the default [or are they markers?] was SOLELY down to THEIR PENALT charges

you are going to have a hard time getting the defaults removed

 

the only other way is once each ddebt is SOLD to a DCA, you negotiate an F&F on default removal & settled marker ONLY.

 

else, sadly tou will be wasting your money

 

even on a setlled debt, a default in its history, is as bad as a CCJ.

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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Thank you for your response. I will start new threads for each account.

 

This will keep things more organised.

 

So if my accounts are already marked as defaulted on my credit report, you suggest I don't settle the accounts at all? Or offer £1 token payment for life or...?

 

Many Thanks

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wel w need to get the info in first

 

you might not owe some anything.

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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