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    • n244 is the imp one please we need everything inc exhibits but not statements. dx
    • the first dn was void as it only gave 14 days not accounting for postage time so you didnt get it with 14 days remaining hence the 2019 one. pop up on the bulk court website detailed on the claimform. [if it is not working return after the w/end or the next day if week time] . When you select ‘Register’, you will be taken to a screen titled ‘Sign in using Government Gateway’. Choose ‘Create sign in details’ to register for the first time. You will be asked to provide your name, email address, set a password and a memorable recovery word. You will be emailed your Government Gateway 12-digit User ID. You should make a note of your memorable word, or password as these are not included in the email.  then log in to the bulk court Website .  select respond to a claim and select the start AOS box. .  then using the details required from the claimform . defend all leave jurisdiction unticked  you DO NOT file a defence at this time [BUT you MUST file a defence regardless by day 33 ] click thru to the end confirm and exit the website .. get a CCA Request running to the claimant . https://www.consumeractiongroup.co.uk/topic/332502-cca-request-consumer-credit-act-1974-updated-january-2015/ .. Leave the £1 PO unsigned and uncrossed . get a CPR  31:14  request running to the solicitors [if one is not listed send to the claimant] ... https://www.consumeractiongroup.co.uk/topic/332546-legal-cpr-3114-request-request-for-information-when-a-claim-has-been-issued/ . .use our other CPR letter if the claim is for an OD or Telecom Debt or Util debt]  https://www.consumeractiongroup.co.uk/topic/332546-legal-cpr-3114-request-request-for-information-when-a-claim-has-been-issued/ on BOTH type your name ONLY Do Not sign anything .do not ever use or give an email . you DO NOT await the return of ANY paperwork  you MUST file a defence regardless by day 33 from the date on the claimform [1 in the count] .............. there is not harm in filing our DN late SB defence now too. alternative whereby claimant intimates SB date=defaulted date and that has been registered months after the last payment . 1 The Claimant's claim was issued on dd/mm/yyyy.  2.The date last payment made was the dd/mm/yyyy   3.The Default Notice was issued dd/mm/yyyy and served several months after the initial breach thus the cause of action delayed by X months and the Limitations period prolonged to 6 years and X months which in effect allows the creditor to stop time running and the creditor having effective control of when a limitation period begins or even starts to run.  4.Therefore the Defendant contends that the Claimant's claim so issued is a claim in contract and is statute barred pursuant to the provisions of section 5 of the limitation act 1980. If, which is denied, the claimant contends that the Defendant is in breach of the alleged contract, in excess of 6 years have elapsed since the date on which any true cause of action for breach accrued for the benefit of the Claimant.  5.The Claimant's claim to be entitled to payment of £x or any other sum, or relief of any kind is denied. dx  
    • Just a quick note to thank you for the reminder. Me and Mrs Mycathasfleas found a use for an exercise mat and lay on our backs watching it. 
    • Thanks for clarifying that DX! I deferred last in 2015. I will upload the defence pdf shortly. 
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After13 defaults, i am paying £1 per month to each credit card, what happens after 6 years?


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Hello, this is my first ever post!!!! I am looking to clarify some information i have heard please if anyone can help.

 

I got into and am still in a big financial mess due to long term ill health and not being able to work.

I had 13 credit cards and 4 bank accounts that all defaulted about 2 years ago. They are with all the main institutions... Halifax, RBS, MBNA , Barclaycard, HSBC etc. I have standing orders set up paying them all £1 per month, as advised by the debt charities i spoke to. All have frozen interest and charges, and have not sold on the debt due to my ill health.

 

This is what i want clarity on please:

1. After 6 years, I understand all info relating to those cards disappears from my CRA files, but what happens to any debt still left unpaid? Does this just get written off? Clearly at the rate of £1 per month, in 6 years, only £72 will have been paid off of each card!

2. is it a good idea to continue paying £1 per month for all this time?

 

Thanks you all in advance.

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Hello,

 

Thanks for your email.

 

My situation is a lot more complicated that just this, but i didn't want to confuse things.

The credit cards are the one area I have 'dealt' with for now, with the £1 per month payments... so i wanted clarity on that first please if anyone knows.

 

The total debt on these cards and bank accounts is approx. £130,000.

 

(I have Residential house and 4 buy to let properties, so 5 mortgages in total, but the monthly income from these does not cover the monthly mortgages, and overall all combined together ( total property values minus total mortgages), there is a huge amount of negative equity.

I have no earned income due to ill health.).

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This is what i want clarity on please:

1. After 6 yearslink3.gif, I understand all info relating to those cards disappears from my CRA files, but what happens to any debt still left unpaid? Does this just get written off........

re this question. no, they dont get written off after 6 years. its only the recorded default that goes.

 

130 is alot at just 1/mth. at some point they'll prob start going further to claim back.

is there any missold ppi/packages to be claimed back?

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Hi,

 

Unfortunately there is no missold PPI

 

ok

need to take stock.

maybe due to ill health they might do something, eg write off, wld need a letter to request that. but, as there is property...?

another option is to consider cca requests to see what documentation they have. if nowt else to lose, maybe worth doing?

have you been to the likes of the cab/nat debtline?

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hmmm... forgive my ignorance, what is the purpose of a CCA request?

....

 

to see what documentation they have. if they dont have any required documentation/cant satisfy a cca request things maybe different in yr favour.

have a read around threads, see what you think

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Ok i will look.

Thank you so much for your help.

 

Do you think requesting this will annoy the card companies who for now are accepting this £1 per month?

I dont want to rock the boat, til i work out what i can do....

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The bigger picture - (I have Residential house and 4 buy to let properties, so 5 mortgages in total, but the monthly income from these does not cover the monthly mortgages, and overall all combined together ( total property values minus total mortgages), there is a huge amount of negative equity.

I have no earned income due to ill health.).

They class this a business debts i believe, where do i go please to get help with this?

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you have your own ppty, which may be subject to if the situ arises.

what are the accounts, business or personal?

are the other ppties under a separate company?

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Do you think requesting this will annoy the card companies..

 

 

it shouldnt do, is a stand alone statutory right. if such a request results in adverse action, then shld be a reason for complaint.

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Ford,

My residental property in has a little bit of equity- maybe 20000. 2 of my buy to lets in England also have a bit of equity, say 30000.So i maybe have 50000 equity in total.

I have 2 great tenants. i am paying these 3 mortgages, no arrears. The rent on these 2 buy to lets covers all 3 mortgages. If i just had these i would be fine.....

 

However the big problem is i have 2 buy to let properties in Scotland... these are with lenders closed to new business so on 4.85%, cant remortgage as there is negative equity of a large sum ( in region of 100000 each property), and of course, I have 17 defaults. The mortgages alone are 2500 per month and although fully rented, the there is a huge shortfall per month of over £1000 per month... i would love to get rid of these, but i cant ...All owned in my name, no limited companies.

 

I did struggle to carry on paying these, which accounts for alot of the huge credit card debt...

Its a mess...

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Ford,

My residental property in has a little bit of equity- maybe 20000. 2 of my buy to lets in England also have a bit of equity, say 30000.So i maybe have 50000 equity in total.

I have 2 great tenants. i am paying these 3 mortgages, no arrears. The rent on these 2 buy to lets covers all 3 mortgages. If i just had these i would be fine.....

 

However the big problem is i have 2 buy to let properties in Scotland... these are with lenders closed to new business so on 4.85%, cant remortgage as there is negative equity of a large sum ( in region of 100000 each property), and of course, I have 17 defaults. The mortgages alone are 2500 per month and although fully rented, the there is a huge shortfall per month of over £1000 per month... i would love to get rid of these, but i cant ...All owned in my name, no limited companies.

 

I did struggle to carry on paying these, which accounts for alot of the huge credit card debt...

Its a mess...

 

ok. try not to worry.

your ppty (ie poss charging orders if a ccj) maybe in issue in the long run. but that seems a way off for now.

have you consulted the cab/national debtline?

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Yes i went to see CAB in person. Spoke to national debtline, and business debt line last year, cccs...

Its complex they all say... as it is treated as Business debts ( outside of remit of CAB, NDL)

Also with 2 of the properties in Scotland, it is further complicated.....

 

The mortgage company for the Scottish properties have not yet repossessed... I am in huge arrears. Lender is the TMB, based in England.

The reason they have not yet repossessed is due to huge admin cock-ups on their part, which have bought me time... eventually they either will, or i have to try to sell myself, but either way there will be a shortfall over over 200,000 - if not more .... 270000 if dont get mcuh for them

 

So with the credit card debt and this, it will be well over 330,000 i owe, maybe 400000.

 

So... i dont know what to do.

I apparently cant do a dmp as i have no disposable income....only income is the bTL income..

Same with IVA at present.... #The only light as the end of the tunnel is a possible lump sum IVA as my parents may be willing to give me some money to do this...

Does you or anyone else know much about these, and also if there is any way i can save my English properties!!!

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does sound tricky. dont know what you shld do either. though am thinking of bankruptcy, but dont know your full circumstances.

surprised the cab etc cant help you!

if your illness is permanent, the creditors might take that into account and be able to do something?

yeah, no point in a dmp if no income.

imo, without your parents.

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I know is a toughie but.... Have you checked Noddle to see what the current state of your CRA is through Callcredit?

Who are the CCs with? Original Creditors or DCAs?

 

Can you list all the creditors below and how much is owing to each?

Yes this is tough, but I think that we can truly understand how bad it is.

Also we wont judge you, we are here to help :)

 

We could do with some help from you.

 

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

 

**Fko-Filee**

Receptaculum Ignis

 

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