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puma85

Negotiating debt payback MMF & old Sunny PDL

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doesn't matter who/what you pay

 

the defaults are there for 6yrs.

 

DONT GET SPOOFED

 

IMHO I would NEVER EVER pay MMF anything

 

dx


please don't hit Quote...just type we know what we said earlier..

 

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Yes dx I agree, but just trying to get the payment history updated on credit files from 8 to something more likeable.

 

It really is scandalous how they can just ruin peoples lives in such a simple but effective way, for some of us 6yrs is an awful long time and financial situations change but poor credit ratings sadly dont.

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Acceptable or not the Credit Files Must be an accurate picture of the conduct of an account,

if such an account has been in default for 8 months then that's what must show,

making payments after a default has been place (especially when these are lower than that required to satisfy the default)

do not affect the fact that the account remains in default of the terms of the agreement.

 

The DCA/debt purchaser/ original creditor cannot be blamed for a debt being defaulted due to non payment,

a lower payment than that contractually required is a default on the terms of the agreement


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Staggering response from such a learned and respected member as yourself,

 

whilst I agree that expecting to just walk away from ones debts is totally unacceptable,

what I do find questionable is that the way these companies have been set up for one purpose to prey on those of us who at the time found ourselves in great difficulty and not really in position to start going over the fine detail of a contract.

 

My point is that I am more than happy to repay the loan and reasonable interest

but having now seen the change in attitude towards these companies supported to some extent by the FCA for example I refuse to repay fees made up to clearly line the pockets of bottom feeders like MMF.

 

After all they wouldn't even exist if we hadn't struggled to repay these things.

 

In my own case my financial situation has changed considerably for the better in 3 yrs and I can now afford to buy a new car or house

 

but am denied this because of the antiquated credit file system aided by the likes of MMF.

 

6 years is a long time to be punished over a few hundred pounds and stops many of us from finally breaking free of the debt cycle.

 

It would help if the whole CRA system was looked at and 6yrs reduced to say 3 in minor cases.

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you are missing the point.

 

its nothing to do with MMF.

 

getting a good marker for that 'month' does bugger all to help you

or your rating.

 

if the debt has got a default in the debt summary

 

its there for 6yrs paid or not.

 

and will kill your credit rating.

 

dx


please don't hit Quote...just type we know what we said earlier..

 

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Staggering response from such a learned and respected member as yourself,

 

 

whilst I agree that expecting to just walk away from ones debts is totally unacceptable,

what I do find questionable is that the way these companies have been set up for one purpose

to prey on those of us who at the time found ourselves in great difficulty and not really in position to start going over the fine detail of a contract.

 

 

My point is that I am more than happy to repay the loan and reasonable interest

but having now seen the change in attitude towards these companies supported to some extent by the FCA

for example I refuse to repay fees made up to clearly line the pockets of bottom feeders like MMF.

After all they wouldn't even exist if we hadn't struggled to repay these things.

 

In my own case my financial situation has changed considerably for the better in 3 yrs and

 

 

I can now afford to buy a new car or house

 

 

but am denied this because of the antiquated credit file system aided by the likes of MMF.

 

 

6 years is a long time to be punished over a few hundred pounds and stops many of us from finally breaking free of the debt cycle.

 

It would help if the whole CRA system was looked at and 6yrs reduced to say 3 in minor cases.

 

 

It's not the CRA system it's The Limitations Act, The DPA/ICO/FCA laws and regulations.

 

 

 

Jotty I cannot see why or what it is you want to achieve, as dx100 has said quite succinctly " it's nowt to do with MMF".

 

 

The CRA file is accurate it seem and up to date and your " dislike" of it will not assist you or change the facts.


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I sent MMF a CCA request a couple of weeks ago, regarding a debt passed on by sunny.

 

I have received the following...

 

[ATTACH=CONFIG]55332[/ATTACH]

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Whilst they are in default of your s78 request then they should not be allowed to obtain a judgment should they issue a claim against you.


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2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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I received another letter from MMF.

 

[ATTACH=CONFIG]55403[/ATTACH]

 

Whats my best course of action? Deal directly with Sunny? (I have sent a CCA, but no reply yet).

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In their letter that you posted up on 12th January they say they will put the account on hold for 30 days whilst they attempt to obtain the CCA..

 

I would make a formal complaint (head your letter as such) to their Head/Registered office - send it via tracked method.

 

The basis of your complaint is that they have failed to comply with your legitimate s78 request and at the same time, they had written to you advising that whilst they were attempting to obtain this from their client, they would place your account on hold. (Enclose a copy of their earlier letter).

 

As neither the 30 days or the s78 has yet arrived, you do not understand the point of their latest letter which is quite intimidating !

 

 

 

Hope this helps..


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

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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Well I should really pick this up again.. I still haven't heard from MMF about the CCA. Other than an email offering 35% discount.

 

What can I do now, it looks like they don't have the CCA at all.

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Well MMF wont actually have a copy unless they have requested this from the original lender.

 

As already advised, until they comply with your s78 request, then they should not be able to obtain a judgment against you should they decide to issue a claim.

 

Are you making payments to the account, on the basis of the letters being received from MMF, I guess not.

 

Have you sent a CCA request to Sunny ? If not, perhaps you might want to try that. Although the general consensus is, you have made the request, it hasn't been complied with - don't chase them.


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

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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Yes I wrote to sunny too, they returned the £1 fee and told me it had been assigned to MMF.

 

So if I don't do anything about it will it just remain as outstanding on my credit check? I'd prefer to get it marked as settled if I can.

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I've sent them a letter.

Lets see what happens.

 

-----------------

Edited by citizenB
removed letter which has been drafted by another forum.

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Interesting letter, did you draft that yourself ? :)


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

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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That seems a template letter off some debt site. I may be barking up the wrong tree but there is no longer a criminal offence for failure to comply with a CCA request. It is also 15 days, not 12 as well.

 

You cannot demand the payments made as the debt sill exists, it is just they cannot enforce. To do so will be unjust enrichment. The same goes with the Data protection act . When the agreement was signed by yourself you allow them to process your data. That is if you are saying this is not your account and ID Fraud??

 

I am a newbie myself to this forum but always ask for advice first, that letter makes you out to be a pillock in the eyes of Motor mouth

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In which case, I am going to have to remove the letter - we don't post up documents / letters / articles without giving credit to the original drafter and we don't credit other forums when we have our own template letters.

 

Sorry about that, but those are CAG rules.


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

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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