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Debt assigned to DCA - first dealings with them


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Hi guys

 

I have been in serious debt for about 3 years now.

 

However I changed my life around after receiving some therapy and have been successfully managing dealings with the various credit card companies since day 1 of that 3 years.

 

I have been using a government sponsored scheme to negotiate with the creditors to

 

a)pay them reasonable amounts

b)freeze the interest

 

so I have some hope of getting out of this mess.

 

I have had success with all the credit card companies with both of these points and even paid 2 (of the 5) full and final settlements with the help of my mother-in-law. They accepted 32% in both cases saving me a massive amount of worry.

 

2 of the remaining 3 I have agreements to pay them a token amount until May of this year (having rejected my F&F) but the third one, Opus , have just sold my debt without telling me to a DCA.

 

I have never had any dealings with DCA's but reading some of your very helpful advice on other threads they don't seem a particularly pleasant bunch. I have no argument that the debt exists as I definitely owed Opus and was paying them an amount each month - and having spoken to Opus they say they have definitely sold the debt to the DCA.

 

What I would like to know are your thoughts on whether I should just continue paying these people the same amount I was paying Opus (all I can afford) and whether I should offer them a F&F in my first dealings with them. I just want this to go away and I have this offer of help from my mother-in-law but only up to a maximum 32%. Also are they entitled to see my Income and Expenditure?

 

It's worrying me tremendously. I should mention that I was diagnosed with a neurological terminal disease a few years ago (one of the reasons I got into so much trouble) and have serious mobility problems as a result. However in my own way I fully intend to be around for a while yet smiling all the way (as long as I can get rid of this debt!). My wife is long suffering and completely out of this world. A diamond.

 

I would be really grateful for your thoughts.

 

Cheers

 

bathtime

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1st Credit, let alone a couple of miles from where i live xd.

Typical OPUS and 1st Credit...

 

Challenge first credit to see if they have a CCA :)

 

We could do with some help from you.

 

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**Fko-Filee**

Receptaculum Ignis

 

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There is always a point to this!!! :)

 

IF the DCA doesnt hold a CCA then it cant be enforced in a court of law but they can still try for a CCJ :)

 

Also thought think of it like this. A DCA will normally return it if they dont have the CCA.

Then you continue payments to OPUS :)

Edited by fkofilee

 

We could do with some help from you.

 

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**Fko-Filee**

Receptaculum Ignis

 

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Sorry wasn't meant to be short fkofilee.

 

Opus have said they sold the debt to 1st Credit and I know it exists - wouldn't a CCA potentially just **** them off so they don't play ball as kindly. I know what you're saying , it's just that maybe I'm a bit too honest and want to clear a debt I did incur - not with these people obviously.

 

Thanks .

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There are 2 types of DCA , Debt Buyers & Debt Administrators (Best way to describe them)

 

Lowell Financial are a debt buyer while companies like McKenzie Hall Will just administer.

I think first credit fall under the administration part and will just attempt collection and not Physically "Buy" the debt.

 

Sending a CCA Request is your RIGHT!!!! By Law you are entitled to request these documents.

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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