Negotiating Full & Final Payments?

[Wintry]

They wouldn't have done that. The OP must have phoned someone with a similar name (there are lots masquearading as a free service when they are not)

 

Nice one Wintry

 

Oh, and DMPS are generally pretty pointless if you're in Scotland as the Debt Arrangement Scheme is far superior:

 

http://www.nationaldebtline.co.uk/scotland/factsheet.php?page=22_debt_arrangement_scheme

 

Self-negotiation is very empowering too

 

Hi

 

Is the O/P resident Scotland?

 

W

[TF-Destroyer]

Yeah i live in Glasgow area...

[Wintry]

Yeah i live in Glasgow area...

 

 

Hi TF

 

Thank you

 

Useful link here also from CAB Adviceguide Scotland

 

http://www.adviceguide.org.uk/scotland/debt_s/debt_help_with_debt_s/what_options_are_there_for_dealing_with_debt_scotland.htm

 

Best Wishes

 

W

[TF-Destroyer]

Hi Guys,

 

A year and a half ago i entered a DMP with Wilson Andrew for my debts of £7,000,

 

however after paying 2 months worth of payments to them i came to realise they were really taking me for ride,

pocketing £150 out of the £300 p/m i was going to be paying them,

which i though was a joke,

 

so i stopped paying them,

a year and a half later i am still benefiting from being in a DMP,

without actually paying a penny.

 

However i am now in the position where i can pay my creditors off,

and would rather do this directly with them rather than with Wilson Andrews,

as i dont feel like being robbed anymore.

 

Some of my debts are still with the orginal creditors whilst some of my debts have been passed to Lowell Portfolio and Sigma Red.

 

What i wanted to find out was does anyone have any good hints and tips to share when negotiating full and final payments?

 

What sort of discount % should i negotiate with?

 

TF

[dx100uk]

cca request and reclaiming time first!!

 

 

dx

[dx100uk]

http://www.consumeractiongroup.co.uk/forum/showthread.php?433825-Idem-Servicing-Full-and-Final-Settlement-old-MBNA-card&highlight=Full+Final+Payments

[TF-Destroyer]

Hi DX,

 

Thanks for your response to my thread.

 

 

However i was wondering if you could give me a bit more info and detailed help

 

 

i have read the forum up and down on different individuals and how they dealt with settling their debts

however finding it difficult to relate to my debts and settling them.

 

i am getting a loan from a family member to consolidate every penny of debt i have.

I will detail everything below as best as i can for you to look at.

 

However the majority of my debts are registered on the DAS register in Scotland in association with my DMP with Wilson Andrews

who i refuse to pay or let deal with my debts any more as they take me for a ride.

 

 

Will DAS have any effect on me dealing with my debts outside of the DMP by Wilson Andrews?

 

My current debts which are up to date and paid normally are as follows:

 

Capital One: £197 (Up to date, use and pay monthly)

Amigo Loans: £4647 (Up to date always paid on time)

JD Williams: £100 (Up to date always paid on time)

 

******Unpaid Debts*********

 

Provident: £800

Vanquis: £570

Very.co.uk: £2010

Vodafone: £128 (Sigma Red claim to own this, although Vodafone is the owner on my credit files)

Aqua: £343 (Lowell Portfolio)

Peachy.co.uk: £458

Smart-Pig: £700 (Original debt was £300)

My jar: £388

247 Moneybox: £340

O2: £197 (Lowell Portfolio)

BT: £350 (Sigma Red claim this again)

 

1. As the majority of these debts are still with the original creditors can i still negotiate with them?

 

2. What does requesting a CCA do or achieve?

 

3. As a few of these debts are now marked on my credit file as defaulted,

is there any realistic point of paying them?

 

 

I know you should always pay your debts but if you are marked as being defaulted that default will stay even if i pay my debt.

 

4. Most importantly what would you do in my case?

 

Thanks

[dx100uk]

firstly I've merged a good few threads along the same lines with your new one for history.

 

 

sadly, and I am being a bit critical here...

 

 

you appear to have over looked the good advise that was previously given

and went with a fee paying DMC regardless

and as predicted got stung. lesson appears to have been learned ..I hope....

 

 

2nd, you need to send each one of the people you appear to owe money too a CCA request.

 

 

then go get your dredit file

 

 

and tell us

of the list above

what shows there

and the defaulted dates.

 

 

morally, yes, I agree paying off debts by an F&F, which is your current 'want'

is a good idea

but

it'll as the bottom line.

do little to actually 'help' you and your credit rating/status.

prob just waste a whole loan of some else's money...

 

 

so credit file time please

 

 

dx

[TF-Destroyer]

Hi Dx,

 

As previously mentioned in my earlier post, i tired to go with a free DMP, however i went with Stepchange who made my situation worst, subsequently i received an apology from them a few months later. So in the end i went with a fee paying DMP as they were able to quickly get this on the way for me, which i found out was not the best option.

 

As far as the list go every one those mentioned are on my credit file. However BT is not and Sigma Red is not.

 

Defaults and dates are:

 

Smart-Pig.co.uk: 5 December 2013

Peachy.co.uk: 12 August 2013

Provident: 2 May 2014

Lowell (Aqua): 30 May 2014

Vanquis: 8 August 2013

[dx100uk]

ok so whatever you do.

your credit file is shot till atleast 30/05/2020

 

 

unless you are listing the updated default date

and not the one in the debt summary

 

 

so taking that one step further

theres no rush to pay anything off

 

 

p'haps the PDL's are the best candidate

as they'll be the highest interest rate.

I'd still be sending a CCA request to them 1st mind

just to nail your colours to your flagpole

 

 

dx

[TF-Destroyer]

Ok that's fair... What exactly is a CCA and what does requesting do/establish?

[The GodMother]

 

My current debts which are up to date and paid normally are as follows:

 

Capital One: £197 (Up to date, use and pay monthly)

Amigo Loans: £4647 (Up to date always paid on time)

JD Williams: £100 (Up to date always paid on time)

 

 

******Unpaid Debts*********

 

Provident: £800

Vanquis: £570

Very.co.uk: £2010

Vodafone: £128 (Sigma Red claim to own this, although Vodafone is the owner on my credit files)

Aqua: £343 (Lowell Portfolio)

Peachy.co.uk: £458

Smart-Pig: £700 (Original debt was £300)

My jar: £388

247 Moneybox: £340

O2: £197 (Lowell Portfolio)

BT: £350 (Sigma Red claim this again)

 

1. As the majority of these debts are still with the original creditors can i still negotiate with them?

 

2. What does requesting a CCA do or achieve?

 

3. As a few of these debts are now marked on my credit file as defaulted,

is there any realistic point of paying them?

 

 

I know you should always pay your debts but if you are marked as being defaulted that default will stay even if i pay my debt.

 

4. Most importantly what would you do in my case?

 

Thanks

 

 

The unpaid debts l would get SARS for and see how much u borrowed how much charges they have added and negotiate from there eg l borrowed xx you have had payments at xx charges at xx l will pay you xx and will consider the matter closed attatch other t and cs like cant sell on clearing of credit file.

[dx100uk]

click the CCA request link and read

 

 

this was all covered before in past threads that are now merged to this new one

 

 

re read this thread

or use the search top right

 

 

this is a self help forum too........

 

 

dx