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Clearing my DMP with Full & Final Settlement

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Hello CAG,

 

Firstly can I say thank you to you all for your time and effort put into this site,

if it wasn’t for yourselves I personally wouldn’t of been able to reclaim just under £3k for myself

or of helped at least 20 of my friends all reclaiming tens of thousands back in unlawful Bank charges.

So a massive thank you from myself, family & my friends.

 

Now I find myself in a slightly more technical and difficult situation & in need of direct help.

 

Before the last recession I was self-employed, earning very good money.

I bought a property to do up, utilising the interest free cards that were being thrown at myself.

And then came the recession and boom......sod all work and on the dole!

 

 

I contacted the CCCS in Sept 2009 who did there magic resulting in myself using one of your template letters

& sending to my creditors, advising of my debt management plan & offering £1 pcm as a token payment

with all interest charges to be suspended.

All agreed and have been making the £1 payments to date.

 

My current situation is.

 

A&L - sold to CAPQUEST - £8300 owed - £2900 settlement offered to myself in 2010

M&S - £1300 owed - £400 settlement offered to myself in 2010

RBS - Letters from Robinson Way - £3200 owed - No settlement offered.

Bank of Scott - sold to CABOT - £4900 owed - £2700 settlement offered to myself in 2010

Barkley Card..Letters from CABOT - £7100 owed - £2800 settlement offered to myself in 2010

EGG - £1300 owed - £400 settlement offered to myself in 2010

 

Now with me nothing is simple.

 

EGG, I have heard nothing from them in the last few years & on a recent check with Experian nothing is shown.

I therefore cancelled my £1 pcm payment on Aug 2015. As of yet have not received anything from them.

 

Barkley Card,

Now as stated back in 2010 I was contacted by a very understanding and helpful account manager

offering the £2800 settlement figure. Due to my situation though I had to pass on this offer.

 

 

Now back in 2011 & 2015 I did an Experian check and the balance shown on both reports is £2800.

Though the letters from CABOT show the original £7100 figure!

 

Now my business is starting to slowly pick up again

I would like to clear my credit file and improve my chances of getting another mortgage.

I am in no means capable at the minute of paying out £12k.

Seeing as all these offers were made 6 years ago should I negotiate a better deal for myself?

 

Any help would be hugely appreciated, thank you in advance.

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the defaulted dates are the key here

 

 

when the default reaches 6yrs the whole account vanishes

so they wont affect your rating after those dates.

 

 

paying a defaulted debt or a debt that is no longer showing , does not improve you rating ..

 

 

poss time to send each a CCA request?

esp if you are blindly paying a DCA and the accounts are pre apr 2007.

 

 

looked for PPI too?

 

 

dx


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

 

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Thank you for your quick reply.

 

when the default reaches 6yrs the whole account vanishes so they wont affect your rating after those dates.

 

So what your saying is after 6 years from the default date the whole debt is written off and should be removed from my Credit Report ?

All the above debts were defaulted before 2010 looking at my Credit Report.

 

poss time to send each a CCA Request esp if you are blindly paying a DCA and the accounts are pre apr 2007.

 

What would the CCA request show to help me? And what is the outcome if the debts were pre 2007?

 

Looked for PPI too?

 

I never took out PPI for any of these cards.

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no I did not say the debt is written off.

the account is removed from the CRA files..

 

 

here is what the ICO say:

 

 

All references to a defaulted debt must be removed from your credit files after 6 years

has passed from date of default, whether paid off or not.

.

{the WHOLE ACCOUNT WILL VANISH, never to return}.

.

{however, this does not mean the debt itself is not still owed

consider a CCA request.}

.

This is so that someone who continues paying something

- even after 6 years from default

- should not be at a disadvantage to someone who pays nothing after default

and ends up with a clean file after 6 years.

.

NOTE: {the bracketed text is not ICO guideline but my advise]

 

 

...............

 

 

if whom you are paying has no signed agreement

then why are you paying them blindly........

 

 

dx


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

 

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Ah I see now, well my last CRA report was from May 2015, when my default dates were within the 6years still. I shall get another and have a look to see if they have gone.

 

Then after that a CCA request to all of them possibly ?

 

Thank you very much

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CCA request the sooner the better!!

 

 

no enforceable agreement = no pay the fleecers!!

 

 

dx


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

 

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Just Checked my CRA and all outstanding debts gone..........wooo hooooo.

 

Now time to improve my score.

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score should be ok

is it not?

 

 

dx


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

 

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Yes score of 889 now.

 

CCA requests now being printed. Will post back hopefully after 2wks with good news ?

 

Spergen

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14 working days...


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

 

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