Took out an IVA in 2008, IVA failed March 2010. now what?

[Ralph58]

Hope someone can point us in the right direction.

 

We have combined debts of 45K dating back to 2007.

 

Took out an IVA in 2008, IVA failed March 2010.

 

There are 8 separate creditors ranging from current a/c overdrafts, credit cards etc (all unsecured).

 

We have been paying DCA's on some of the debts

but have received letters from other parties asking for funds regarding the same debts.

 

We have stopped all payments. Have checked credit reports and some say assigned, some say satisfied?

 

We would like to find out the true outstanding amounts because we have paid over £3,750 into the IVA

which seems to have gone to their costs and not to the debts.

 

Do we send CCA letters to the DCA's that we have been paying nominal amounts

or do we wait for them to contact us?

Also should we contact original banks regarding PPI claims?

 

We have a mortgage and a secured loan which is about the value of the house so no equity left.

 

Been trying to sort this out for years,

both now have serious health problems and have 10 years to retirement

(if we make it - with no where it live!).

 

Desperate to clear these debts once and for all.

 

Thanks for any advice:???:

[dx100uk]

best idea first is to go get your credit files

 

see what shows.

 

then p'haps list your debts & who owns them here.

 

certainly CCA requests for everything bar bank accounts is a very good idea

 

send them to whomever you are currently paying

 

£! BLANK PO do not sign the letters

 

as for PPI

 

yes an SAR to the original creditor

 

if you have multiple accounts with the same bank

 

then only one SAR is needed.

 

dx

[Ralph58]

thanks so much for getting back so quickly. am in process of getting credit files and will follow up your suggestions, will keep asking questions it that's ok.!!

[dx100uk]

no sweat

 

dx

[Ralph58]

Sorry I have taken so long getting back but this took some time to get all info.

 

Should we only send CCA letters to the companies that have contact us and have chased for payments?

 

We do not obviously want to alert them as we believe one or two may become statue barred (6 years).

 

I have listed below debts.

 

1. Lloyds Current Account defaulted 12/2008.

Debt Assigned Aug 2012 CAIS member,

sold to SP5/TTISPC,

was paying Fenton Cooper £5 per month have stopped payments.

Experian Report Balance Satisfied. Currant balance £3,459

 

2. MBNA loan defaulted 12/2008. S

old to Max Recovery (Eversheds) May 2009.

Was paying Max Recovery then Fairfax Solicitors £5 per month have stopped payments.

Does not show on Experian Report. Current balance £14,898.

 

3. The next two are difficult to work out,

we have had no contact with anyone regarding the accounts since IVA was ceased 02/2010.

 

We believe the accounts may have got mixed up along the way,

these are

A: Goldfish / Barclaycard Credit Card defaulted 10/2008 current balance on Experian report £8,117. and

B: Barclaycard Cashback statement ?

 

Down as credit card/store card balance £6,251.

 

4. Egg/Barclaycard credit card defaulted 09/2008.

Was paying Moorcroft £5 per month have stopped payments.

 

Received a letter on 22/4/14 from Allied International Credit informing account has been assigned to them, and o

n 10/5/14 received letter from Moorcroft informing that account is closed and r eturned to client. Balance £4,016.

 

5. MBNA – credit card defaulted 11/2008.

31/10/08 MBNA assigned and transferred to Max Recovery.

Was paying £5 per month, stopped payments. Current balance £111.

 

6. Alliance & Leicester/Santander – personal loan.

Defaulted 09/2008.

No payments made.

Received letter of notice of sums in arrears 11/2013.

Have not entered any correspondence with them.

Balance £4,583.

 

7. Lloyds Bank Current A/c overdraft.

Defaulted 08/2008.

12/2011 sold and transferred account to SP5/TTISPC

on 30/12/12 SPF charged all of its rights, title and interest in the account in security to Haymarket Financial LLP.

Also receiving letters from Fenton Cooper.

Paid a one-off payment of £5 by mistake on 1/9/13. Balance £2,793.

 

Debts 1 to 3 are my husbands and 4 to 7 are mine

none of these accounts were joint although all of our finances are shared.

 

Unfortunately these debts go back a long way,

many have been loans to clear other debts, overdrafts etc.

 

Unfortunately we were unable to keep up the payments on the IVA.

A bit painful of going into all details of how we got in this mess but can supply info if it helps.

 

Thanks again any help gratefully received

[dx100uk]

who the.. is SP5/TTISPC

 

what I would do here is start a thread for each debt

in the named forum of the original creditor

when/if letters start to arrive for that debt.

 

dx

[citizenB]

If you have been making payments via the IVA up to 2010 then the debts wont be statute barred until around 2016 !

 

Do any of the debts have Payment Protection Insurance attached.

 

Would you know if htere are any default/penalty charges attached to any of the debts ?

[Ralph58]

Hi dx

 

We have a letter that says Lloyds TSB sold and transferred the account to SP5 who are Haymarket Financial LLP and a letter from TTISPC (acting on behalf of SP5 segreated portfolio) PO Box 9674, Nottingham, NG1 5FS. Sent out CCA letters today to Nos, 2,4 and 5.

 

Can't thank you enough, have come from a very dark place and now seeing a little bit of light!

[dx100uk]

http://www.consumeractiongroup.co.uk/forum/showthread.php?244488-Past-Due-Credit-Solutions&highlight=TTISPC

 

sound like a right bunch of lowlifes

[Ralph58]

Hi CitizenB

 

No. 6 Alliance & Leicester definitely had PPI, not sure about the others. As for default/penalty charges we are unsure.

 

As we have had no dealings with Alliance & Leicester, if we pursue PPI with them we are worried that by contacting them they will start chasing us for the debt. We are also worried that if we contact the others about PPI it will just start them all off as they seem to be quiet at the moment.