Dealing with debts, first steps, full and final

[bright_future]

thanks, that seems reasonable as my bank statement shows money going to westcot.

and westcot told me over phone the debt had been transferred, even though I got nothing in writing, and they continue to take my money.

[dx100uk]

sniff sniff

 

I smell a cash cow here

 

dx

[bright_future]

sniff sniff

 

I smell a cash cow here

 

dx

 

In what sense?

Are you suggesting that they haven't passed the debt over to someone else and are pocketing the money themselves?

Are you suggesting the debt isn't enforceable?

 

I do find it peculiar that they say they passed the debt on, but were taking the overhead of taking my money, then passing it on.

I would have thought if they passed it on, they would not want to deal with the admin of handling the money.

It's only £2 a month as well.

[dx100uk]

In what sense?

Are you suggesting that they haven't passed the debt over to someone else and are pocketing the money themselves? - yes

Are you suggesting the debt isn't enforceable? - yes

 

I do find it peculiar that they say they passed the debt on,

but were taking the overhead of taking my money, then passing it on. - who too?

 

I would have thought if they passed it on,

they would not want to deal with the admin of handling the money. - why not, they made money from you

It's only £2 a month as well.

 

dca's will say anything on the phone to keep you paying

 

often on cash cowing accounts they will pass you around

here you have some

this muppet has been coughing quite nicely for years.

 

dx

[bright_future]

just received a letter his morning from westcot.

 

it is confirming the account is being dealt with by credit security.

they have given me a reference number and an 0845 number.

 

what now?

still send CCA to westcot?

still send money to westcot, as credit security havent contacted me directly?

do I contact credit security?

[bright_future]

what I am going to do is send a photocopy of the letter to credit security and the £1 PO to credit security.

(got their address off t'internet)

 

if credit security is account holder, then they are the ones to provide the CCA.

if they reject they are holders, then the letter westcot have written is false.

[BRIGADIER2JCS]

Personally I would wait for credit security to contact you then make a CCA request.

[BRIGADIER2JCS]

what I am going to do is send a photocopy of the letter to credit security and the £1 PO to credit security.

(got their address off t'internet)

 

if credit security is account holder, then they are the ones to provide the CCA.

if they reject they are holders, then the letter westcot have written is false.

 

 

Be very careful that you do not in anyway acknowledge liability for the alleged debt.

[bright_future]

Personally I would wait for credit security to contact you then make a CCA request.

 

if westcot are no longer holders of debt, can I stop paying them?

I dont want to default, or give anyone reason to escalate to make things worse by demanding full balance straight off.

 

also, westcot told me on phone last week that they passed debt onto credit security middle of last year!

I have had no communications from these new people at all.

[BRIGADIER2JCS]

If you do not have CSs details for making payments you cannot reasonably make any payments.

 

I would not be confident that any payment you make now to Wescot will reach CSs.

[bright_future]

If you do not have CSs details for making payments you cannot reasonably make any payments.

 

I would not be confident that any payment you make now to Wescot will reach CSs.

 

ok. that makes sense.

will stop paying westcot as they have sent in writing they are no longer dealing with account.

see what happens.

[bright_future]

ok. first steps taken.

 

CCA requests sent to 1stCredit, Capquest and Moorcroft.

Paid extra 1.70 to get signature at other end.

 

Next step:

1: prep list of original creditors, and prep for SARs.

2: remove westcot from my list of creditors; and await any action from creditsecurity.

 

Am I giving too much info? Should I be more circumspect about this?

[dx100uk]

no too little info.

 

post 4 is perfect.

 

i'd be starting a new thread

for each debt

 

dx

[bright_future]

this is getting surreal.

 

this morning I got a text from Arrow Global offering a "fantastic discount" on my account.

thought nothing of it.

 

But just now got a text from capquest to call them about a "potential offer".

 

its almost as if they are reading this forum and thread!!

 

what do you make of this?

should I call them to see what they say?

is this weakening their case, and they're trying to get out with a lump sum from me?

 

I am perplexed.

[dx100uk]

begging letters

 

they know you've sussed them out

 

dx

[bright_future]

begging letters

 

they know you've sussed them out

 

dx

 

do I ignore them, and let the CCA approach run its course?

or call them up and find out what they're looking for?

 

what's in my best interest?

(if the amounts are low enough, I would be happy to be shot of them. clean slate and all that.

but it would have to be 10-15% on the biggest debts.)

 

are you saying they have sussed my specific identity from the info I have posted?

thats what I was alluding to about being too free about my details.

[dx100uk]

no they haven't sussed you out

 

never ever ring a DCA

 

follow the CCA route

 

that's what has prompted the discounts

 

you've sent a CCA request to them

 

they KNOW its not enforceable

 

so are begging for more money

 

sadly, these actions are a classic sign of you being cash cowed all these years

 

dx

[bright_future]

no they haven't sussed you out

 

never ever ring a DCA

 

follow the CCA route

 

that's what has prompted the discounts

 

you've sent a CCA request to them

 

they KNOW its not enforceable

 

so are begging for more money

 

sadly, these actions are a classic sign of you being cash cowed all these years

 

dx

 

the CCAs cant have prompted the texts, as I only sent the letters this morning; ie, they cant have received them yet.

the only info they could have accessed is this forum!

I feel I am giving too much info here, regarding accounts.

[bright_future]

I am going to stop stressing now.

And stop over-thinking and fussing.

wait for CCA responses.

[dx100uk]

 

dx

[bright_future]

well, a belated update.

 

3 DCAs were sent £1 for CCAs.

 

All 3 responded acknowledging receipt.

(I had checked that the Royal Mail had stored the electronic signatures on receipt)

 

The 3 letters acknowledgements are dated: Mar 1st, 4th and 7th.

What now?

 

PS: meantime, I think I will prep CCAs for Freds, as it turns out they actually own 3 separate debts of mine.

[bright_future]

Actually, how long do they have to reply to the CCA?

 

Its been something like 5 weeks or so since they replied, at the least.

 

What now?

[dx100uk]

they have 12+2 working days only!

 

if they fail that timeline

 

you are quite within your rights to stop payments

until they provide an enforceable CCA

[bright_future]

they have 12+2 working days only!

 

if they fail that timeline

 

you are quite within your rights to stop payments

until they provide an enforceable CCA

 

actually, 2 of the 3 DCAs wrote allowing me to stop payments until they sorted it out, which I thought quite good of them.

 

I am wary of stopping payments, as it is only £1 a month, a small amount for relative piece of mind.

 

Also, there is another thread in this forum berating the debtor for using a CCA

not being fulfilled within 14 days as a reason to stop payment.

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?421323-Link-Financial-response-from-my-CCA-request

 

It is such a slow process, but things seem to be moving.

 

I would like to know a more realistic time-frame for DCAs to respond to a CCA request?

 

The other thread seems to think failure to respond doesn't mean the debt isn't valid, and no reason to stop payments.

 

I acknowledge the debts, as I genuinely ran them up in a time of personal turmoil,

but I think if the originator has written them off,

I would like closure even if a token payment is a price.

 

But I don't want to be beholden to some speculative, parasitic, bottom-feeding, chancers.

[dx100uk]

stopping payment does not hurt you.

 

keeping up payments does

 

the longer you do it

 

the further away sb becomes.

 

dx