£15k Debt, 7 Creditors, Can I Get It Reduced If I Pay In Full

[dx100uk]

though a CCA return that maybe compliant with the act does not mean its an agreement that will stand up in court

[mystic_bertie]

Ok thanks for your advice, i will update my address with the creditors.

I have the default dates and they have all passed the 6 years term on my credit file.

So does that mean these are all statue barred?

I was in Scotland so the limit is 5 years.

 

I read in Step change website regarding the 5 years 'extinguished' debt in Scotland and it also says it can start from when 'The last time you wrote to the creditor acknowledging that you owed the debt' .

I dont know if that applies to me.

Also i was making token payments up until 1 year ago.

 

 

Barclaycard (originally Barclaycard credit card) = £2972 / default date 11/02/11

RBS Natwest cards (originally Ulsterbank credit card) = £2216 / default date 28/09/10

Moorgate Loan services (originally MBNA credit card) = £2997 / default date 31/01/11

Moorgate Loan Services (originally MBNA credit card) = £2555 / default date 31/12/10

LLoyds Bank (originally Bank of Scotland overdraught) = £2005 / default date 13/12/10

LLoyds Bank (originally Bank of Scotland credit card) = £1959 / default date 24/12/10

Link Financial Outsourcing (originally barclaycard credit card) = £904 / default date 10/12/10

 

though a CCA return that maybe compliant with the act does not mean its an agreement that will stand up in court

 

Ok many thanks for clearing this up

[dx100uk]

can't be sB'd if you've been paying.

 

the CCa served two purposes

update address

and strict proof line.

[mystic_bertie]

So rather than post every time i receive different threat letters, what ones should i worry about, actual court action?

[Bazooka Boo]

A court claim YES defo!!!

 

When was the last time you paid these token payments?

AND who was getting paid?

 

A written acknowledgement of owing a debt will reset the clock yes, as does token payments.

 

Have you been receiving 'statements of account' each year for each of the debts?

[mystic_bertie]

Ok i will act swiftly if i get threatened with a court claim. I hope that never happens.

 

I paid them last roughly last April 2016. It was through Step Change. ALl of my creditors were getting £1.

 

I have not been getting statements of the debt.

[dx100uk]

Yea just come straight here

 

You'll get all manner of clever letters

Which if you read them carefully and properly

Don't actually say they WILL be doing anything they threaten

 

The golden rule is..........

 

A DCA is NOT a BAILIFF

And never ever can be

They have absolutely no legal powers whatsoever

Other than what you or I have

 

The same goes for any doorsteppers from them

[mystic_bertie]

Thanks for your helpful reply. I can relax a bit now i know how to handle the threats.

[mystic_bertie]

I have received a letter from Moorcroft saying that a representative will call on the 4rth of next month it will be a MR H Nicely. Should i answer the door or should i pretend i dont live at this address?

[Old Cogger]

Maybe he be Nicely to you are they real ,

tell them to shut the gate on the way out and have phone in your hand to call the police (or Mafia) if they do not leave forthwith!

[mystic_bertie]

Ok i will do that, many thanks for your advise.

I dont have the Mafia's phone number so it will need to be the police.

[Bazooka Boo]

I have received a letter from Moorcroft saying that a representative will call on the 4rth of next month it will be a MR H Nicely. Should i answer the door or should i pretend i dont live at this address?

 

IMO, if they ''DON'T'' turn up on the fourth, then make a complaint, and ''IF'' they do turn up, make a complaint.

 

Complain to your local MP. Ask them to look into the use of threatening language designed purely to intimidate alleged debtors in their own home.

 

I'd make sure I was in on that day, and I'd be ring moorcr@p every hour demanding to know why their powerless gopher hasn't arrived yet.

 

In essence, there is absolutely diddly squat one of their officious members of the public can do, tell them to jog on, as for pretending not to live at your address, what in gods name do you think that will achieve?

 

Nothing, don't be scared of these clowns, they are the ones running scared, because the public are getting savvy to their idle threats and hot air.

[mystic_bertie]

Well its 4.20pm and no sign of Mr Nicely so far.

 

I am afraid im very very busy,

i dont have time to harass these idiots the way i would like to,

im dealing with other things in life that stresses me,

 

 

i get worked up too easily and so i try to avoid talking to these numpties on the phone.

It not the same because you're not really allowed to swear any more ha ha.

 

I will take the advice given and ask them to leave and stop trespassing.

[Guest]

4.55, any sign of a crap rep?

 

how about invoicing them for the wasted time spent at home waiting for them

[renegadeimp]

Lol "mr H nicely" Suuuuure. bet that guy doesnt exist.

[mystic_bertie]

Lol "mr H nicely" Suuuuure. bet that guy doesnt exist.

 

I think you are right because he never turned up. Maybe they are giving me a false sense of security ha ha.

 

4.55, any sign of a crap rep?

 

how about invoicing them for the wasted time spent at home waiting for them

 

Good idea. I will also bill them for the tea and biscuits i had waiting for MR Nicely he he.

[London1971]

 

 

 

now i want to buy a house and this has happened.

 

Good folks of CAG please advise

 

Your credit file sounds like a thing of beauty compared with mine, and I'm somehow getting a mortgage.

 

If you have a decent deposit, that will go a very long way to helping.

 

Here is what I have learnt,

 

1.Mortgage companies care about how good you have been in the last 12 months more than, cr*p that happened 5 years ago.

 

2. You might have to wait a few months after the default before you are eligible for the mortgage, no big deal house prices are stagnating anyway.

 

3. Pay day loans are the most toxic barriers to a mortgage, you will need to bay them off to be eligible, then wait for a further 3 months.

 

4. You will have to pay more interest than the average Joe, but still better than flushing it down the loo paying rent.

 

5. Deposit, Deposit, Deposit. This covers up a multitude of sins. If you can put down 20% you are hardly going to run off to Brazil at the first sign of trouble!

 

Hope this makes you feel better

[mystic_bertie]

Many thanks for your reply and it does make me feel better to know you are getting a mortgage so well done. I can only manage about 10% deposit at the moment, i could get more but it would mean selling my car and i dont really want to do that right now.

 

Im a self employed contractor and so it looks like im needing to find a mortgage broker anyway so hopefully they can advise how the default might affect any application i make.

[AndyOrch]

Unlocked

[dx100uk]

I have created 2 new topics one for each BC debt with link

 

 

 

 

please now post on those threads with any releveant updates to each from now on

 

dx

 

 

 

[mystic_bertie]

Many thanks dx.  Am i right in thinking they are not taking any further action at the moment? ;) Thanks 

[dx100uk]

which debt post on the right thread please

 

dx

 

[mystic_bertie]

I apologise i just seen you had replied on the new posts you have made, i never got a notification, thanks, i will reply on there.

[christinereyes]

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Edited March 30, 2020 by BankFodder
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