Watertight repayment schedule ?

[catquest]

If a DCA offers a small monthly repayment on a relatively large credit card debt ( previously defaulted )

 

is there any way of making this legally watertight so that they ( nor any future debt purchaser )

 

can ever ask for more than the agreed monthly amount

 

( assuming the schedule is adhered to ) ?

[Guest]

a Time Order maybe one?

[SabreSheep]

I would instead look at doing a full subject access request with an aim to see if there is any credit card charges such as late payment or over limit fees and any PPI

[filrobbo]

How legal is this debt have you asked for a credit agreement or is there any unlawful charges or mis sold PPI on debt, there most be something wrong with debt if it's been sold to DCA. Could you please tell us more about it.

[filrobbo]

You could well be getting cash cowed

[Bandit127]

To answer your question.

 

Yes. They will probably not mention the "temporary nature" of you agreement when you set this payment up.

 

They will come back in 6 months saying the agreement is over and insist the former amount is no longer enough.

 

They will probably ask you for double and set up all sorts of hoops for you to jump through if you do not agree.

 

A full income and expenditure statement.

 

Refusing to accept that.

 

It will go on.

 

Such an experience of greed and bullying by a DCA was the reason I started looking in to the actual rules and legalities.

 

Not their own made up ones.

[Guest]

cat

if you're not disputing anything, and are accepting things, then a TO cld rubber stamp things. a TO does have weight. to answer yr q.

but, as bandit suggests, they cld try disagree with that. now, or in the future. then up to a J upon app'n.

[dx100uk]

what is the debt all about please

 

i'd never be paying a DCA without certain legal checks first being carried out

 

dx

[catquest]

TO is not worth the trouble.

Offer of low repayments is clearly a trick to set the SB clock back to square one and admit liability, and could possibly be construed as a new agreement causing a new entry in credit files.

So best to ignore. No CCA, but the Frost v AG case made me worry.

[Jam_Buttie]

It's YOUR money... YOU make the rules. Not them.

 

However, I'd CCA/SAR anyway.