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30K of old debt


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Hi all

 

Need a bit of advice

 

 

I've self managed what was originally £50K of unsecured debt to 7 Companies,

 

 

some debt has been written off and a couple with 20% settlements (I drive a hard bargain)

 

 

I still owe approx £30K paying between £1 & £15 pm

 

 

now these all slowly reaching 6 years £25K over & £5K with a year to go

 

They are all falling off my credit ratings which is great

 

 

but my Q is what shall I do with them? offer a 10-20% settlement??

 

Any and all advice is appreciated

Edited by Jaffa__
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can you list the debts and whom you now pay?

 

 

ever sent a CCA request upon the debts to check there legality?

 

 

dx

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

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Have you gone the route of checking if there is PPI or default/penalty charges on the accounts ?

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Nope never sent a CCA Request but will do that

 

break down of debts

 

12K Barclaycard / Wescot / Cabot - CCA request

£8K Santander MKDP - cant be egg - but CCA request is a must !!

£8K Lloyds / cant remember - find out!!

£2k JOHN lEWIS

 

lewis was a store card...whos got this not.

 

urm..how long have you been paying these off?

 

looks like we've rescued another cash cow from the DCA's milking parlours here folks........

 

 

 

 

dx

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

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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CCA that cabot one asap. I guarantee they wont have the right paperwork for it. I bet they also offered a discount or youve had a couple DCA's asking about it too.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Reclaim all charges/PPI, get those CCA's off and youll prob wipe at least 2/3's of that debt off within the next 14-21 days

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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