Hoist finance ex Barclaycard account.

[Stivani]

Hi was hoping someone could give me some advice on debt relief orders. I am struggling to pay my credit card each month and i am considering applying for a DRO.

 

Been doing some reading on them and i think i qualify. One thing that isn't clear from what i have read though is the £50 disposable income after paying your bills every month, most months i have this or less.

 

But what i'm wondering is can my monthly outgoings include the monthly payment i make to my Credit card?

 

Thanks in advance for any help.

[AndyOrch]

http://www.consumeractiongroup.co.uk/forum/showthread.php?411439-Debt-Relief-Orders-(DROs)-A-brief-guide-accurate-September-2015

 

The above may be of interest Stivani

 

Regards

 

Andy

[dx100uk]

Tell us about your debts

Don't get a chain around your neck just yet

[Stivani]

Hi thanks

my debts are all consolidated in the last year on one credit card, Barclaycard.

 

The balance is now over £6500 and i'm struggling to pay the minimum payment every month, some months i have been short and had to borrow from family.

 

I'm currently on limited means as i look after my Mum.

[dx100uk]

Did you reclaim everything before paying them off and check they were enforceable first??

[Stivani]

Hi yes i sent a two SAR's a few years ago and reclaimed £500-600 in charges, there was no PPI if i remember and as far as i understand they are enforceable as they both had my signature on file.

[dx100uk]

ok,

but imho I would not go for a dro for a mere £6500.

[Stivani]

I know where you're coming from, but i've considered it for a long time and if i do decide to do it it won't be a decision taken lightly. I understand it has an affect long term.

 

But i have just been servicing this debt for a few years and it hasn't shrank.

My circumstances aren't likely to change soon so i'm leaning towards it being my only real option.

[dx100uk]

well id stop paying now for 3 months and get a default on your credit file

as knowing Barclaycard they mark it AP if you don't and they never go away....

 

 

I know slick132 will see this and help later

[AndyOrch]

I know where you're coming from, but i've considered it for a long time and if i do decide to do it it won't be a decision taken lightly. I understand it has an affect long term.

 

But i have basically just been servicing this debt for a few years and it hasn't shrank. My circumstances aren't likely to change soon so i'm leaning towards it being my only real option.

 

There are a lot more easier ways to dispense with it rather than a DRO

[Stivani]

Hi how does having an AP on my file compare to a default?

 

Also if i don't pay for 3 months won't they sell the debt to a DCA, and if they do does that make things more difficult with a DRO?

 

Thanks for this advice.

 

i'm open to other ideas, are there other methods you could suggest i look into?

[dx100uk]

selling to a DCA would be better and they'll default you too if they do that..

the AP markers are not a default and are worse than a default as they never go away, they remain on file for upto 12yrs and wil kill any chance of credit just like a default

but unlike a default..as a default will VANISH along with the whole account from your file on the defaults 6th birthday

paid or not paying or not.

 

 

doesn't mean the debt is not owed mind

but atleast it will be off your file and not hurting your future credit from then on.

[Stivani]

Ah i see thanks for the advice, i will probably go that route then.

[dx100uk]

Which ever way you go

Its going to look bad on your credit file

 

The quicker a default gets registered the quicker it falls off

[Stivani]

Thanks

[Stivani]

Hi hoping for some advice please.

I had a Barclaycard that for various reasons i couldn't keep up the payments on.

 

They issued a default on this debt in early 2018, the debt was passed to Robinsonway and then disappeared off my credit report.

 

A few weeks ago it reappeared under the name of Hoist with a new default date much later than the original one.

 

Can they do this?

 

Thanks in advance for any help.

[dx100uk]

no they can't

 

if Barclays issued you a default notice and sold the debt on and you have had a notice of assignment telling you about the sale to hoist, they cannot change the registered defaulted date.

 

fwd hoist a copy of the BC DN to hoist along with a letter giving them 14 days to correct their error or you will open a serious complaint with the ICO and be seeking financial compensation.

[Stivani]

Hi thanks for the information,

i have a few further questions i'm hoping you can help me with.

 

The default from Barclays disappeared from my credit report a few months after the default was issued.

I did get a letter to say Robinsonway would now be handling my account but i never received any correspondence to say it had been transferred to Hoist.

Should i have?

 

Also if i send a letter to Hoist to correct the error.

Am i in some way acknowledging the debt that could affect me down the line?

 

Thanks bye

[AndyOrch]

Quote

The default from Barclays disappeared from my credit report a few months after the default was issued. 

 

That was 2018...how long did not appear on your credit file  ?

 

Andy

[Stivani]

 

Not 100% sure but from memory it was over a year at least. If i had to guess i would say 15-16 months.

[AndyOrch]

So it had a break and you in effectively gained an extra clear 15-16 months on your CRAs and now reappeared Oct19...as long as it only appears for 6 years in total I wouldn't worry about it.

 

Andy 

[Stivani]

Hi i'm looking for some advice on a recent letter i got from Hoist. The nice people there as they always seem to do have got in contact with me again just in time for Christmas to inform me they are now collecting on a defaulted Barclaycard account from a few years ago.

 

The letter is almost identical to one i received from Robinson Way two years ago also around Xmas. The debt was for around £10,000 and the last payment on it was in the first few months of 2018. In the past they have offered me 25% discounts but i haven't heard much from them for the last 2 years. 

 

I would like some advice on why some more informed members here and would appreciate any help offered on the following questions.

 

Why they have suddenly got in contact again? Are they fishing?

 

If the debt was enforceable would they have taken me to court by now?

 

Would they be likely to accept a full and final settlement on this of around 10-20%?

 

 

[dx100uk]

3 threads merged on same card.

 

they want you to give you free money for the staffs xmas drinks  bill.

[Stivani]

 Apologies if I should have posted in my older thread instead of starting a new one.

 

do you think they are just trying it on to see if they can get anything?

 

I had started thinking after almost 3 years they would have taken me to court by now if it was worth their while.

 

Don’t know if I’m way off the mark on that one though.

 

 

[dx100uk]

hey you wouldn't have been able to post there anyway...

 

they'd have to issue a letter of claim 1st.

 

if you ever get one from cohen or one of their other papertiger solicitors come back here and tell us..

 

as for you comment on...trying it on..thats all DCA's can ever do

sadly 99'9% of people are utter mugs!