Jump to content


BankFodder BankFodder

  • Tweets

  • Posts

    • Theres the Bloomberg report, Standard and Poors analysis, The bank of Englands Report .. not one of which estimates the cost at less than the 180-250M a week it roughly costs depending on whats included.   That Bloomberg amount is pretty middle of the road, and is roughly what I've been seeing as only disputable by zealots - it could be FAR more.     So putting that in perspective, if there is no further damage to the economy, and no further loss/reduction in business/growth, and adding in a small amount of interest on that loss (money has to come from somewhere and we are already further in debt than we have ever been) - it will be in the order of 50 odd years before we even break even .....   Of course, Rees-Moggs entirely unsupported middle finger in the air estimates of about 2050 when we will see some benefits would effectively require a MASSIVE boost to the UK;s 'profitability' - although no-one seems to be able to define any sources for that profitability other than perhaps connecting the climate destroying hot air coming out of Rees-Moggs gob directly to a wind and steam power station.      
    • Do you have any images of the WMF items? If you do then you could post them on this site.
    • yes I did that, not much auction only stuff but I will check from time to time
    • By the way, do you realise that you can put in an eBay search and localise it within X miles of a certain postcode. This should cut down the problem of having to search hundreds of advertisements every day. At the moment, a search for WMF cutlery within 50 miles of the postcode only produces six hits. Very manageable
    • In order for us to help you we require the following information:- [if there are more than one defendant listed -    Name of claimant: JC International Acquisition    Date of issue – 17 January 2020     Particulars of Claim   What is the claim for – the reason they have issued the claim? the claimants claim is for the sum of 125.00 been monies due from the defendant to the claimant under a non regulated telecommunications agreement originally between the defendant and Talk Talk telecom limited under account reference xxxxx. The rights benefits and title the agreement have been assigned to the claimant on 03/04/2014. Notice of the above mentioned assignment has been given to the defendant    What is the total value of the claim? 268.39   Have you received prior notice of a claim being issued pursuant to paragraph 3 of the PAPDC ( Pre Action Protocol) ? Not too sure   Have you changed your address since the time at which the debt referred to in the claim was allegedly incurred? no   Did you inform the claimant of your change of address? N/A Is the claim for - a Bank Account (Overdraft) or credit card or loan or catalogue or mobile phone account? No (broadband)   When did you enter into the original agreement before or after April 2007 ? After   Do you recall how you entered into the agreement...On line /In branch/By post ? Online   Is the debt showing on your credit reference files (Experian/ Equifax /Etc...) ? NO   Has the claim been issued by the original creditor or was the account assigned and it is the Debt purchaser who has issued the claim. Assigned to debt purchaser   Were you aware the account had been assigned – did you receive a Notice of Assignment? can't remember   Did you receive a Default Notice from the original creditor? Can't remember    Have you been receiving statutory notices headed “Notice of Sums in Arrears”  or " Notice of Arrears "– at least once a year ? unsure   Why did you cease payments? unsure   What was the date of your last payment? unsure   Was there a dispute with the original creditor that remains unresolved? Not that I'm aware of   Did you communicate any financial problems to the original creditor and make any attempt to enter into a debt management plan? No  
  • Our picks

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2347 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts


I don’t ever remember joining CAG but stumbled upon it again recently – wish I’d known about it years ago, the information and support I’ve seen here are amazing.


I’m looking for some debt and DMP help, and would really appreciate people’s ideas and advice on my position. It’s grown pretty long but wanted to get down everything, so to anyone who reads it all a BIG THANKS!


I have had a DMP since 2007 and would like to get these debts cleared off because they’re such a drain, but haven’t been able to contribute that much so the total is still big. I did try for an IVA originally, but that was rejected in June 2007, if it had gone ahead I’d be sorted by now.


These are the details:

1. Abbey Loan, started in September 2006, now with Apex £25,000 outstanding.


2. MBNA Credit Card, opened in 1999, now with Link Financial £13,500 outstanding.


3. Co-op Credit Card, opened in 1989, now with Frederickson £10,200 outstanding.


4. HFC Loan, started in September 2004 still with them £3,800 outstanding.


5. Unsecured loan with NRAM, about £13,000 outstanding. Our mortgage was taken out in 2006 with Northern Rock, now with NRAM, and includes this unsecured part. They’ve stopped the interest on this part, but I’ve tried to keep up the full payments separate from the DMP because I was worried about its association with our mortgage.


The Co-op CC has now come off my credit report, the others are due to by about May 2014, (except NRAM which is not listed as defaulted but a month in arrears) so that’s starting to improve. I haven’t paid for PPI on any of them.


Here are a few questions.

A. Abbey gave us a £25,000 loan but applied all of the interest right at the start instead of on an annual basis, making the initial balance £31685. So even though I’d paid £2,400 the default amount was £29,038. I haven’t seen this way of applying the interest before and if it had been applied monthly or annually I’d have defaulted on less. Is there anything I can do about this, like claim back interest that applied after the default? They didn’t apply any other charges.


B. Is there any possibility of reclaiming any interest (on purchases) that is applied before the creditors accept a repayment offer and freeze interest? I’m not exactly sure when that officially happened, but the Co-op CC appears to have stopped after November 2007 and MBNA CC after December 2007. However the IVA application for example was in June 2007 and between then and November there was thousands in interest on the two CCs. Is there any possibility of reclaiming any of that extra interest?


C. Because I stopped making minimum payments MBNA and Co-op started charging late fees at £12 per month and then when the balance went over limit due to the accruing interest, overlimit fees of £12 per month started. Total fees are about £100 each. Am I right in thinking it may be possible to get these refunded? (Although they are drops in the ocean!)


D. I’ve read of people applying to see the original, signed CA. Some of mine were taken out a long time ago so they may not be able to produce the CA. Have I anything to lose by requesting them and if they can’t what does that mean for me?


E. Many of these questions are a bit hopeful really, it’s just that I haven’t been able to save anything for a full and final payment and I worked out it would take another 27 years to repay all of these at the current rate! So really the main thing is any advice/ideas on anything I can do to avoid being saddled with these debts forever?


Thank you for reading all this. It’s a lot, but I wanted to get all the important stuff in together.


Many, many thanks in advance for your time and advice.


Edited by aliensonline

Share this post

Link to post
Share on other sites

I'm sure you will have read on these forums about making sure that you reclaim any mis-sold PPI. With regard to the £12 late payment fees you may have some joy there but £12 is accepted as being not unreasonable.


By all means send in a CCA request but it I wouldn't rate your chances of this being a route to making your debt unenforceable.


The only solution I know for getting shot of this lot is to go bankrupt.


Another approach successfully used by some is to make full and final offers but you need a reasonable warchest to go about this.


You ask about the Abbey Loan, if this was a personal loan then that's how they work. You borrow 25k, the interest is added to it and you sign the agreement for the principal plus interest with a fixed repayment period. The interest is the first part of the loan that gets paid back so all the payments for the first couple of years pay off the interest. its not like a credit card.


So with total debts of around 65k even getting some charges off lets say reduces it to 60k and thats a long shot then its bankruptcy or you slog you way on paying it off. Presumably you spent it? I've been there mysef but my debts were 90k plus - now all paid off it was tough but now being debt free makes all the years I lived on beans worthwhile

Share this post

Link to post
Share on other sites

Thanks for the quick reply,

Unfortunately it's spent, got to the stage of using one to pay off another and it quickly mounted up. Some is in our house, but we bought just before the slump and it hasn't gone up much. Also I work in the public sector and like many have had no pay rise for most of the last five years.

Thanks again,


Share this post

Link to post
Share on other sites

If link and freds have your accounts, then 90% of the time, it's a bad debt and theres something wrong with it. Also, all those late fee's and charges on your credit cards are penalty fee's and can be reclaimed.


You should start by dropping all your low priority debts to token payments and send off those CCA requests to each company that is chasing you. If they cant provide a CCA that complies with requirements, then it means they don't get a penny out of you. Ever.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..



If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks


Share this post

Link to post
Share on other sites

1. Abbey Loan, started in September 2006, now with Apex £25,000 outstanding. - CCA them

2. MBNAlink3.gif Credit Card, opened in 1999, now with Link Financial £13,500 outstanding. - very def CCA them, link are know fleecers


3. Co-op Credit Card, opened in 1989, now with Frederickson £10,200 outstanding. - CCA them,


4. HFC Loan, started in September 2004 still with them £3,800 outstanding. - def CCA them I bet you have PPI & all manner of other stuff to reclaim - sar too]

adapt the following text to YOUR details.


get a £1 BLANK Postal order

write on the back

for statutory £1 CCA FEE ONLY.

leave the payee BLANK

post the two off by 1st class post, get proof of posting from PO counter

they have 12+2 WORKING days to comply.


firm demanding money












Dear Sir/Madam




Re:- Account/Reference Number 12345678


I do not acknowledge any debt with your Company or Associates


This letter is a formal request pursuant to s.77/78 of the Consumer Credit Act 1974. I require you to provide me with a true copy of the credit agreement relating to the above account, together with any other documentation the Act requires you to provide, including a detailed statement of the account.




I expect you to comply fully and properly with this request, within the statutory time limit. You are reminded that should you fail to comply with my request, the provisions of s.77 will apply.




If it is your view that you are not the creditor, s.175 of the CCA 1974 applies in the case of a simple assignment, and places a duty upon you to pass this request to the creditor. In the case of an absolute assignment, you are a creditor as defined by s.189. If you contend that you purchased the rights but not the duties of any agreement, you are reminded that s.189 of the Act is clear that an assignment is of both rights and duties.




Your attention is drawn to ss.5(2), 3(b),6 and 7 of the Consumer Protection From Unfair Trading Regulations 2008 (CPUTR).




I enclose a postal order in the sum of £1.00, which is the statutory fee. Note that these funds are not to be used for any other purpose.




If you are unable to comply fully and properly with this request, you should confirm this in writing at the earliest opportunity, and certainly within the statutory time limit for compliance, and return the fee.




We look forward to hearing from you.




Yours faithfully


Mr A N Other


Share this post

Link to post
Share on other sites

Many Thanks folks,

Guess I'll send off the requests and wait and see!

Share this post

Link to post
Share on other sites

Totally agree about the CCA requests and looking forward to reading your responses from the various creditors.

Share this post

Link to post
Share on other sites

It has now reached the 12+2 days (I posted the letters on 02/07/13) and here are the responses:


1. Apex wrote on 04/07/13

"Thank you for your letter, in which you have requested all documentation under the Consumer Credit Act 1974 (the Act) with regards to your above noted account. We can confirm that your request is being processed and your account will be placed on hold pending its fulfilment. We will write to you again with an update of our progress or on completion of the required documentation being supplied in line with the Act. Yours sincerely ..."

Nothing since.


2. Link: no response


3. Fredrickson wrote on 15/7/13:

"We have referred the matter to our client and will revert to you as soon as we are in receipt of instructions. In the meantime, we confirm that we have placed the account on hold."

Followed by a letter from Cabot (I didn't know they were involved):

"Thank you for your request for information under the Consumer Credit Act 1974. Cabot Financial currently does not have this information on file However, we have requested the relevant information under section 77 and/or 78 of the Consumer Credit Act 1974 from the original lender. We anticipate that we will be able to provide this information within 40 days. In the event we are unlikely to obtain this information within those time limits, we will write to you again."


4. HFC: no response.


So I'll stop paying and hope that they don't find the agreements.

Any views and comments very welcome.


Many Thanks,


Share this post

Link to post
Share on other sites

A quick update:

Link has sent me a copy of my signed MBNA credit card application form from 1999.



Share this post

Link to post
Share on other sites

ok can I suggest you make a new thread for the MBNA debt

in the MBNA forum off the main forum tab top left of the page




Share this post

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.

  • Have we helped you ...?

  • Create New...