payday loans caused me to default on Vanquis/Lowell. credit card

[puma85]

Hi,

 

I've recently had a letter from robinson way, offering to close my account and to record partially satisfied.

 

Ideally I'd like the default completely removed.

 

 

I'd like to know if this is even possible, or is it a waste of my time trying to negotiate this with them?

 

Thanks!

Edited December 23, 2014 by puma85

[scousepie]

Looks like a begging letter.. Haha... They don't have nothing on you... !!!!!

[intend]

Only partially satisfied - would probably sell on the remainder to some other ****** DCA - do not know details but would be tempted to ignore.

[citizenB]

Very unlikely they would agree the removal of the default and would keep updating your file until they were no longer able to due to legislation

 

If you are considering accepting the offer anyway, you should insist on them confirming, in writing, that they will NOT sell the balance to another company for further collection.

 

If they do not agree to this, then I would be very suspicious.

[mikeymack2002]

Since we are talking about Vanquis the chances are it is LOADED with charges and fee and ROP (PPI) maybe sent Vanquis a CCA and reclaim all that you can

[puma85]

Thanks for the replies!

 

the debt isn't that old and I know that the credit card was at -£1500 before it was cancelled. So the offer amount is definitely less than the original debt.

[renegadeimp]

Any discounts from robbers way means its a bad debt and they're trying to get whatever they can from you before you realise.

[puma85]

So what should I do? Are you saying I can challenge them and possibly not have to pay?

[dx100uk]

when did you take the card out please

[puma85]

It was first taken out about 4 years ago.

[dx100uk]

what date is the default please

 

 

dx

[renegadeimp]

CCA them

[puma85]

Date of default from Noddle

 

[ATTACH=CONFIG]55120[/ATTACH]

 

I should have said this earlier, but before the debt was passed to Robinson Way, I had a few letters from Vanquis offering to close the account for the same amount as Robinson way (approx 50%). I'm not sure if i still have them but will dig out if I can.

[renegadeimp]

Very likely laden with charges. Both companies know it.

 

CCA too. Vanquis are pretty lax with paperwork

[puma85]

OK, I'll CCA them . Pretty new to this so please excuse my lack of knowledge on the subject.

 

I found the following template in a different post.... (strangely there isn't anything in the letter templates forum).

 

[removed]

 

Is this sufficient? Do I need to include a line saying 'This account is in dispute.' ?

 

Also, I presume I send this to Robinson way. Do I also need to send it to Vanquis?

[dx100uk]

CCA request

 

 

goes to robbers way

 

blank £1PO

do not sign anything

 

 

dx

[puma85]

Thanks. Letter sent this morning with a blank £1 PO. I'll update this when I get a reply.

[puma85]

I found the offer from Vanquis befre this was handed to robinson way.

 

 

Unfortunately, due to a lack of repayment, your account is getting passed to a Debt Collection Agency. The Agency will request a full balance payment, may add further recovery fees or potentially pursue legal action.

 

As a final opportunity to resolve this, I am able to set you up on one of our lowest monthly payment arrangements and I can still look to reverse the Default in your name.

 

Please note that with all of these arrangements;

 

Interest will be frozen.

Repayments are subject to periodical review.

Setup requires direct contact from you.

1st Payment must be received within 14 days of the date of this email and subsequent payments by the monthly statement due date.

If the initial payment will be outside the 14 days, please call us.

Current Balance: £1750

 

Option 1: Monthly Instalment Arrangement

 

REPAYMENT PERIOD:

24 MONTHS

MONTHLY AMOUNT:

£61.99

BALANCE:

£1487 (85% of the Current Balance)

*A settlement balance may have a negative effect on your credit file.

 

Option 2: Last Chance Settlement

 

REPAYMENT PERIOD:

Within 14 days of this email.

SETTLEMENT BALANCE:

£1050 (60% of the Current Balance)

*A settlement balance may have a negative effect on your credit file.

 

There isn't much time available so please contact me as soon as possible.

 

Email:

[email protected]

Text:

07860 031831

Free phone:

0800 781 9970 (Charges may apply if calling from a mobile)

Our opening hours are:

 

Monday to Thursday

8am to 8pm

Friday

8am to 6pm

Saturday

8am to 1pm

[renegadeimp]

So even vanquis have admitted something's funky with the amount allegedly owed.

 

Note.how they say THEIR lowest repayment plan, when in fact repayment plans are dictated by YOUR financial circumstances. Not whatever arbitrary number they decide.

[puma85]

so should I send a CCA request to Vanquis as well?

 

Would this harm my chances at negotiating a 50% payment to clear the account if everything turns out to be in order?

[dx100uk]

nope sar time

get all the statements

 

 

find out what is wrong

 

 

dx

[puma85]

nothing back from vanquis yet but I did get a letter from Rob Way saying the account is closed.

[dx100uk]

hoho obv trying to fleece you.

 

 

dx

[puma85]

I currently have a default against my name, which I do not ever remember receiving a default notice for.

 

I have written to the DCA that filed the default requesting a copy of the default notice. They have replied stating they are not required produce a copy and they don't keep copies of sent notices.

 

It sounds like they are trying to wriggle out of it.

 

Do I have a case here?

[AndyOrch]

Require more history of whats going on here puma...what are you trying to achieve ? who is the DCA ? Who was the original creditor?

 

Regards

 

Andy