Full & Final on an old DMP

[amateursurgeon]

Hi all,

 

I have been paying off a DMP through Stepchange for several years now, and my estimated completion date is sometime around 2040

 

I'm likely to be a in a position to make an F&F soon due to the generosity of a relative.

 

Almost all of the debts have long been sold onto DCA (Link, Cabot, 1st Credit, the usual suspects).

 

How much should I offer? Total debt is about 50k. Is 20% too high for starters?

 

The DMP is so old that none of the debts show up on my credit file any more, so am I right in thinking it doesn't matter if they mark it satisfied or not?

 

Thanks!

[Old Cogger]

Have CCA1974 agreements for these?? if not send off for copy of CCA1974 in each case and see if they are enforceable because if not you stop paying them

 

sounds to me you may be being cash cowed here when you might not have to continue with these money grabbing scroungers unnecessary???

 

you send a £1.00 Postal Order to the originator of the account, and write on the reverse of postal order for statuary fees use only!

 

they then have 12+ 2 days to supply if not then let us know on here

 

by the way what amounts and to whom you owe these sums and taken out when??

 

Have you been to court and got a CCJ with any of these?

 

why pay these fleecers when you may not have to,

always check out that they have the correct paperwork,

I assume these are pre 2007 agreements etc?

[amateursurgeon]

Nope, no CCJs. I did the CCA1974 thing years ago back when I originally ran into difficulties, I think a few of them didn't have it. At the time a few CAGers were losing in the courts and getting smacked with big legal bills, so that put me off pursuing that avenue, and then there was the Rankines case...

 

The original debts are ages old - some going back to around 2000ish! It's so long ago I don't have details of the exact creditors to hand.

 

The reason I'm keen to do a F&F is so I can close the book on it and move on. I'm growing a business which is taking up a lot of time and energy, along with having a young family. I can't really afford the distraction of getting into a court dispute with them.

 

Amounts are approx (original lender in brackets):

 

Link 12K (MBNA)

Cabot 22k (HSBC, Northern Rock, Barclaycard, Goldfish)

1st Credit £5k (Citi)

Barclaycard 5k (Egg)

Arrow 2k (M&S)

CRS 1.5k

Moorgate Loan Servicing 6k (HSBC)

Edited January 28, 2016 by amateursurgeon

[dx100uk]

Cash cowed on every one

 

IMHO stop paying all of them

 

Get a CCA request off to each one

 

Dx

[amateursurgeon]

Thanks, have been reading up on it, looks like things have progressed since I last looked at this!

 

Am I right in thinking that it's more a case of checking they actually HAVE the agreements these days, rather then their enforceability ( IIRC a lot of the enforceability issues were decided in creditors favour a number of years back)?

[Old Cogger]

certainly has, get the CCAs off recorded delivery, stop paying them save your money put to better use

[ericsbrother]

even if any of them are enforceable they will have paid less than 10p in the £ for the debt so you wouldnt be offering more than that as a starter. Many of these debts will have been bought at 1p/£

[Bazooka Boo]

You DON'T need to be wasting even more money by sending the CCA's recorded delivery.

 

ALL you need is to get 'Proof of posting' which is FREE from the PO counter.

[amateursurgeon]

I have about 50k of debt which I've been on a Stepchange DCA for ages for.

I'm soon likely to be in a position to make a F&F, and I'm about to send CCA requests as it's all ancient debt (but not statute barred).

 

I know I can do all this myself..

but I'm in the middle of getting divorced,

and I need to get this sorted before we can finalise finances.

 

 

My STBX's solicitor will only accept confirmation that it's done and dusted from another lawyer.

Otherwise we're likely to end up in court which will cost far more than the debt would to settle

 

Any recommendations? Preferably one who understands the whole CCA process so I can confirm that it's unenforceable.

[dx100uk]

old and new threads merged.

 

could of been sorted by now if you'd CCA'd lasttime

 

no we don't and cant recommend sols or anyone to help;

 

its dead easy to do

stamps, CCA letters envelopes.

job done.

[amateursurgeon]

Yes, I know

Have been somewhat busy dealing with divorce from abusive partner in the meantime,

hence only just getting around to sorting.

[Bazooka Boo]

Are you still throwing money away at this?

 

Or have you stopped paying them?

[dx100uk]

well?