Overdraft debt with Aktiv Capital

[Gilly35]

Hi,

 

I am just starting out with all of this and I am finding it a little overwhelming

but I wonder if anyone can help me with a debt that I have. I was seriously ill etc

... and was made redundant on medical grounds in 2010.

 

I defaulted on my Lloyds TSB bank account which had an overdraft on it.

 

I now owe them £2282 and I pay £5 per month on a repayment plan.

 

I really want to sort out this debt and

 

the site team said to start a new thread.

 

They have said that I should possible just stop paying AK

but I am not sure what this means.

 

Can anybody help me figure a way out of this debt hell??

[renegadeimp]

Hi gilly. Can you post up as much info on this as you can? it is rare arrow deal with good debts, but we need to know the info so we can see if it would be enforceable or not.

 

ALso, did the banks charges put you in any kind of hardship? As you could have made a hardship complaint to them and get all the charges refunded

[Gilly35]

No problem, I can do that.

 

Do you want to see statements?

 

I was diagnosed in 2011 with a rare illness and I have medical evidence to support it.

 

I was also on benefits from October 2010 and I am pretty sure I have the paperwork to prove this as well, but I will need to check.

 

Please tell me what you need me to give you and I will look it all out.

 

Thank you so much for your help

[Gilly35]

it is rare arrow deal with good debts,

 

What does that mean? Sorry if I am missing something

[renegadeimp]

It means that they normally only buy debts off creditors where theres something wrong with the debt that stops the original owner chasing it. Thats not to say that ALL their debts are like that, but a sizeable majority are. Thats why we always recommend checking out the debt as much as possible before you enter into negotiations to pay it or even admit it's yours.

[Gilly35]

Ah....I have been paying it for a while because I didn't know what else to to. Ok I will get you all the information

[dx100uk]

**you can post up images/letters by this method immediately..you don't need 10 posts**

.

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

but leave all monetary figures and dates.

.

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

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

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

.

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 http://www.freepdfconvert.com/

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

...

YOU DONT have to put a link to the attachment in the msg box..just upload it ..job done

.

dx

[Gilly35]

Hi here is most of the paperwork I have. I couldn't upload it all but it is all along the same lines. I have included the Lloyds TSB correspondence, the first DCA and the current DCA

[sequenci]

It means that they normally only buy debts off creditors where theres something wrong with the debt that stops the original owner chasing it. Thats not to say that ALL their debts are like that, but a sizeable majority are. Thats why we always recommend checking out the debt as much as possible before you enter into negotiations to pay it or even admit it's yours.

 

I think you would do well to understand the mechanics of debt sale and purchase a bit better. This whole 'there is something wrong with the debt line' isn't particularly accurate. Whilst I agree that debts should be investigated I think it's better to try and manage the expectations of what the likely outcome will be - especially in relation to overdrafts.

[dx100uk]

I've removed the attachment as you name is showing on the first page.

 

however , the docs are of no real value sadly.

 

they just show the std OD usage interest etc

there appears to be no significant penalty fees

just a couple of £10 ones.

 

so i'm at a loss as to why they have sold it to be honest.

 

must be that they Lloyds have written it all off and reclaimed the tax.

 

due to your health issues and thus they can never see any real return.

[Gilly35]

Thanks, sorry I thought I had hidden all the information. Ok so nothing I can do about that one then? Just keep the £5 payment. I have been reading about the site and notice something about AP markers. Is there a chance that the longer this goes on they will put AP markers instead of DF on my CRA?

[dx100uk]

you don't want AP

 

that's very bad they never go away

 

when does the default drop off?

 

dx

[Gilly35]

2017

[sequenci]

 

so i'm at a loss as to why they have sold it to be honest.

 

Banks and creditors generally have a policy to sell debts on once the debt has reached a certain age. They do it en-masse regardless of whether or not there is 'anything wrong with the debt' - it's a business decision, plain and simple.

[Gilly35]

So is there a chance that I will get AP markers if this debt goes on?

[sequenci]

So is there a chance that I will get AP markers if this debt goes on?

 

I personally wouldn't think that would be very fair if so. If the debt has been sold on to a DCA it should only really do so once it has defaulted; and if that is the case then they shouldn't be prolonging your misery via the AP route.

 

Hope this makes sense.

[Gilly35]

Thanks sequenci that helps a little. I am sitting here in tears at the moment because I just don't know how to get out of all of this. My life is on hold and I am very anxious about it all. How can I ever begin to repair my credit when I am in no position to clear the debt? We need a house as we are currently in a two bed flat with two children who are differnt sex and have reached an age where it is not appropriate for them to share a room. Also the continuing debt hanging over me is just killing me. I hate it, I have 5k of debt which isn't much but I just can't move forward in my life at all.