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50% Settlement offer from ARC on Nationwide OD - worth it or not?

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I will write to Nationwide and see what they say - What should I be asking?

 

Post #17...even consider asking for a bigger discount as you are cutting the middle man and they wont have to pay them commission.


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Hi again - I finally got registered on Noddle (had some issues with some of the info to verify) and can now see the details of this debt (way clearer than clearscore!)

 

It turns out this Nationwide debt IS in default and here is what it says on Noddle:

 

Account start date

10/07/2012

 

Repayment frequency

Monthly

 

Date of default

15/10/2014

 

Default balance

£ 1,945

 

So what does this mean for my situation with the offer? Since the default was 2.5 years ago should I be asking for a bigger discount than 50%? Or just ignore it altogether and try to make it to the 6 year mark so it is SB?

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sar time

 

 

dx


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You get ALL details of your account. It could be substantially large so be prepared to spend time going through it. Youre looking for the reason They sold the debt on, and why theyre offering a massive settlement figure.

 

I dont think arc buy debts either, so if thats true, you can ignore them completely. Theyre just trying to spoof you into payign them money. If they dont buy debts then they wont have a right to offer a settlement figure, then say " if you pay we'll negotiate for you" or similar.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

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Okay great thanks

- will see what I get back.

 

 

In looking through the Noddle report I can see that I actually have several other accounts that I thought were past the 6 year from default stage, but turns out the default date in some cases was a couple of years later.

So they are not SB.

 

 

Should I write to all of them with the SAR to see where I stand?

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Can you list the debts and who noddle says the owner is with. Dates too if possible. Youll be better off starting a new thread for those though, so it doesnt get muddled up with your current issues.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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1St Credit (Finance) Limited £ 780

 

01/03/2017

 

Default

 

Account type

Credit Card

 

 

 

Account start date

12/01/2011

 

Opening balance

£ 780

 

Repayment frequency

Monthly

 

Date of default

13/10/2011

 

Default balance

£ 780

 

Pra Group Uk £ 4,400

 

28/02/2017

 

Default

 

Account type

Credit Card

 

Account start date

13/01/2009

 

Opening balance

£ 4,400

 

Repayment frequency

Monthly

 

Date of default

31/08/2011

 

Default balance

£ 4,400

 

Cabot Credit Management Group Limited £ 662

 

28/02/2017

 

Default

 

Account type

Credit Card

 

Account start date

23/08/2010

 

Opening balance

£ 662

 

Repayment frequency

Monthly

 

Date of default

21/06/2011

 

Default balance

£ 662

 

Hoist Portfolio Holding 2 Limited £ 889

 

01/03/2017

 

Default

 

Account type

Bank

 

Account start date

17/07/2009

 

Opening balance

£ 874

 

Repayment frequency

Monthly

 

Date of default

02/05/2012

 

Default balance

£ 874

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first 3, CCA to all. Last one, is that Credit card, or overdraft? Hoist sometimes put the wrong account type on it


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Most of these were credit cards to start out with - I think I know which is which from the paperwork I have on file somewhere but theres a Virgin, Aqua and Capital One in there somewhere...

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those that are close to defaults 6th year where the debt drops off your file

I question sending a CCA request

don't kick 'em if they are not chasing you...

 

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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Yes thats my concern too, as I haven't had communication from some of them for years.... The only one actively pursuing me is the ARC one which I will be following up on... I am learning a lot frm this Noddle account though so that was a great tip!

those that are close to defaults 6th year where the debt drops off your file

I question sending a CCA request

don't kick 'em if they are not chasing you...

 

 

dx

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