Full and Final Settlements, please help

[Akasha8uk]

I have significantly reduced my debt over the last 12 months.

 

This time last year i owed just over £10K

 

now due to writing to my creditors about interest being added and PPI reclaims etc I now owe just over £4000.

 

I have claimed PPI on all where possible and again used this money to reduce the debt.

 

I have checked all debt is enforceable etc..

 

I am currently in a position to pay off the outstanding debt,

 

I have received some inheritence which I really want to use to finally be debt free.

 

I'm moving home and this would be an ideal time to pay everything off and start again.

 

After reading quite a few posts over the last 3 hours I don't feel any further forward because as you know F&F's are pretty much individual.

 

Breakdown of creditors and debt outstanding:

Lloyds overdraft - 188.10 currently with APEX

Black horse loan - 2879 currently with Marlin/ME IV

Lloyds Credit Card - 1200 currently with moorcroft

Orange - 51.06 currently with moorcroft

Orange - 39 currently with moorcroft

 

I have just under £3000.

 

All account have defaulted and I was paying via a DMP but decided to go it alone and disputed the biggest accounts.

 

The credit card was originally over £6k but due to complaining about excessive interest and charges applied this has been significantly reduced to £1200

same with the overdraft which was originally just over £600.

 

Where do I go from here?

 

I work full time and so does my husband but 50% of our wages go towards repaying debt we have never had a holiday and going out for meals is a very rare occasion.

 

What should I be offering these creditors and who should i be offering it to?

 

All debt is owned by the DCA and they are constantly offering discounts if I repaid as these accounts have been defaulted for sometime.

 

Any advice would be greatly appreciated x

[dx100uk]

urm..

 

if they are offering a discount on any debt

 

there is something WRONG.

 

you've done ppi you say

 

then what is it?

 

have you got the statements for these?

 

also do ALL your debts SHOW on your CRA file?

 

dx

[Akasha8uk]

yes had all PPI from these.

Had all statements checked for charges and interest etc all claimed on hence the lowered amounts

and yes they all appear on my CRA file

except for the 2 orange accounts which don't show as moorcroft they remain as Orange

and the amounts differ which i've emailed them about a ton of times but they don't seem to get the gist of what

I'm trying to say and the

 

Lloyds credit card doesn't state moorcroft on the CRA file is states lloyds

same with the overdraft it doesn't state Apex it states Lloyds.

 

Moorcroft has offered quite substantial discounts in the past for the credit card.

 

Should I be making offeres to the companies who appear on my CRA file?

 

What happens if I pay the DCA and not the debt owner?

[dx100uk]

yo should be paying whomever is the OWNER of the debt on the CRA file

 

cut out ALL the DCA's

 

never ever PAY a dca

and never ever talk on the phone.

 

 

the discounts, were these made before you reclaimed?

but have not been offered since.

 

IF and a VERY big IF you F&F

 

you MUST MUST MUST ensure these things are a COMPULSORY condition:

 

the owner must mark your cra file SETTLED not PARTIAL SETTLEMENT.

ALL negative data [like late markers, defaults] are REMOVED.

NO third party are ever allowed to chase the balance

 

if they WON'T do those 3 things

you might as well BURN the money for all the good it will do you.

 

never ever F&F to a DCA.

 

dx

[Akasha8uk]

thanks for the advice!

 

with regards to the Black horse debt

 

this has been sold to ME IV

 

they are recorded as the owner of the debt on my credit file,

 

I received a letter about a year ago from black horse stating ME IV were taking over the account. So should the F&F be sent to ME IV?

 

Yes all discounts were offered after the reclaims.

 

I think they just want rid of me know and I them.

[dx100uk]

if you have had discounts AFTER reclaiming

 

there is still something wrong with the debt

 

you need to check the reclaims & the CCA

 

why not start a new thread in the named banks forum

 

post up what you have done

 

then we'll dissect it.

 

do that with the BH loan too!

 

dx

[Akasha8uk]

a little update,

 

I did F&F lloyds for the credit card and overdraft

I only offered 30% and this was accepted

so thats £56 for the overdraft and

£360 for the credit card saving me a total of £972.

 

I just want rid of them so I'm happy to pay that.

 

The lady at the bank rang me and told me a letter is in the post confirming their acceptence of the settlement figure and they agreed to the terms i set out.

 

The 1 company I have had trouble with is Marlin Financial Services/ME IV

- the only offer they are willing to accept is 95%, where do i go from here?

 

Marlin have never offered a discount and they are not budging.

[dx100uk]

what is the debt with marlins?

 

have you ever sar'd the OC?

 

sent marlins a cca?

[Akasha8uk]

what is the debt with marlins?

 

have you ever sar'd the OC?

 

sent marlins a cca?

It was a personal loan with black horse and marlin bought the debt about 18 months ago.

 

I haven't cca'd or sar'd them. I know the cca I'm looking for a copy of the original credit agreement which I can easily compare to my original copy but what will I be looking for in the sar?

 

I keep my own spreadsheet detailing

payments made and balance left which

matches the 6 monthly statement they send out so I know there's no extra charges being added.

[dx100uk]

see if they have the cca

 

don't ell them you have it though?

 

dx

[Akasha8uk]

If they Don't have it, what then? Make them whistle? If they do have it I.'ll just have to suck it up and keep paying?

[dx100uk]

lets see.

 

dx

[Akasha8uk]

OK CCA sent to marlin today recorded delivery with £1 postal order included. by my calculations they have till the 3rd of June. Hope to report back then!

[Akasha8uk]

CCA request ignored, postal order cashed!Next stage - Failure to Comply letter just printed and ready to post out today. How long do I give them? Then what's my next move?

[dx100uk]

ball is in their court to find the cca

 

until they do

 

stop payments.

 

dx

[Akasha8uk]

payments already stopped, its frustrating becuase I have managed to clear all my debt barr this one and they are infuriatingly slow at any and everything.....no doubt on purpose so consumers just give up and pay!I'm moving house in 3 weeks and don't want to give them my new address so wanted this sorted by then, if it's not should i update them?

[dx100uk]

are you not getting mail redirected then?

 

dx

[Akasha8uk]

I suppose so, althoughI intend on informing all relevant conpanies of new address just didn't want those idiots knowing my new address

[dx100uk]

well sadly your cra file updates and voters will quickly inform them

 

if they bother to chase you that is.

 

 

ideally you don't need to give them an excuse to file a ccj to your old address

and I know they'll try hoping you wont defend

even if they have no cca

 

dx

dx

[Akasha8uk]

I have attached the Credit agreement, I personally can see no wrong with it.Any advise would be greatly appreciated

[dx100uk]

too much pers info and barcodes showing

 

follow this:

 

set your default scan page size to A4 less than 300DPI [150 will do]

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

'

BUT......

ENSURE: remove all pers info inc. barcodes etc using paint program

but leave all monetary figures and dates.

*********************************************************

{DO NOT USE A BIRO OR PEN OR USE SEE THRU TAPE OR LABELS]

try www.pdfescape.com TO BLANK STUFF,

*************************************************************

or

DO IT IN MSPAINT.EXE or any photo editing program

goto one of the many free online pdf converter websites ...

http://freejpgtopdf.com/

..

if you have multiple scans/pics

put them in a word doc FIRST and convert that to PDF

or use www.pdfmerge.com

 

convert existing PC files to PDF [office has an installable print to PDF option]

..

 

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

try and logically name your file so people know what it is.

though dont use full bank names or CAG in the title

i'e Default notice dd-mm-yyyy TSB

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

.

dx