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Should i offer full & final payment? how much?


tracyno1
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Hi,

Just looking for some advise, i have a debt with natwest. it is made up from overdraft, visa and loan. They have an enforcement order on my house which was done around 4 years ago, i paid £100 per month for a year then (long story) payments stopped.

No payment or correspondence has been made from me for 3 years

I start uni in september and plan to use some of my bursary to pay of the debt.

i owe £5100.

How much should i offer them, bearing in mind my bursary is £2K and with no other income for the next 3 years this is there only chance of getting anything from me in the foreseeable future.

 

Any thoughts?

Edited by tracyno1
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you'll need to pay whatever is left to pay on the order.

 

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... 

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Thanks for the reply.

 

Why is that, is it because there is an order on our house?

Sorry it's a charging order,

don't know if thats the same as an enforcement order.

 

I have a letter from them asking for my incoming/outgoing

and it says "our client has informed us that, in return for a lump sum payment in the short term,

it may be prepared to accept less than the sum set out above in settlement of the sum outstanding from you"

 

Does that make a difference do you think

 

Thanks

Edited by tracyno1
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who sending this?

 

I thought you had a ccj etc going by the old threads?

 

no-one can vary a court order

 

who have you or were you paying?

 

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... 

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Share on other sites

so some little tike got you to pay them

£100PCM on a charging order.

 

WHO?

 

you don't have to pay anything

it gets paid when the house gets sold [if ever]

 

somethings not right here

 

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... 

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Share on other sites

Shoosmiths,

 

i was paying them directly.

 

It was them who have sent me the letter today.

 

i'd rather it wasn't taken when we sell the house which is one of the reasons we haven't moved house.

The charging order was made in 2008, with the interest frozen.

 

I would rather pay a percentage of the debt than the whole £5k coming of the sale of the house and it's knowing it is still on the house unsettles me.

Edited by tracyno1
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so it was shoe's that got the CCJ/CO?

 

have you been getting regular statements?

 

its very rare to see a claimant offering a discount on a court order.

 

something is not right here.

 

I take it this is the joined loan/OD/credit card debt?

 

that's not right for a start!!

 

they all come under differing parts of the CCA

and cant be merged to one 'debt'

 

I wonder if there are avenues of reclaiming

like penalty charges or PPI

that you've never looked at?

theis could be the discount

 

there could be more there than the whole debt?

 

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

Yes they got the ccj.

we missed two payments so they went for the co.

 

I have never had any statement from them,

no letters ever show the amount owed,

i had to phone them today to find out the balance owed.

 

yes its a joint debt although the loan was in my husband name only.

 

I did reclaim charges a few years ago from the current account.

 

i have no paperwork for the loan so not sure if it had ppi,

 

Thanks for your help

Edited by tracyno1
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urm..

 

did you ever send NW an sar

 

you need to start digging here.

I wonder if any of this money HAS actually come off the CO balance!!

 

somethings no right here.

 

shoe's [if they WERE THE CLAIMANT]

 

would never offer a discount on a court order.

if it was all legit

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... 

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Share on other sites

might of been an idea years ago

how the hell do you know

you've not been fleeced blind here

 

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

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