Help With Moorcroft Please they want more money

[MW2]

Hi and thanks for taking the time to read this.

 

I have been paying a credit card debt for just over 18 months now at a rate i can afford

 

up until OCT 11 never had any hassle over it, that was until Moorcroft took over.

 

I have now been getting constant letters telling me how much they will except( nearly 4 times what i have been paying) each month.

 

Although they originally stated they were happy for my previous arrangement to continue,

they have asked for an I.& E form to be filled in to which they got a short sharp reply along the lines of get stuffed!!

 

Is there some thing i could send them to tell them to be happy with what they are getting?

[BRIGADIER2JCS]

Hi, they have no right to I&E data, you are

in charge not them.

A colleague here on the forum has an excellent

reply to such demands.

''Dear Cur or Madman,

With refence to ACC. No. xxxx and your recent

correspondence, I really must thank you for reminding

me I need to do my I&E satement and now having

done so I find that due to the cuuent financial climate

I must reduce my monthly payment from £xx per month

to £x per month effective immediately.

[MW2]

Hi and thanks for the reply, i might just give that letter a try as they are starting to get right up my nose!!

[jed2004]

Hi,

 

Will you please answer these questions then I might be able to help?

 

1) Who was the previous creditor?

2) How much did you pay before?

3) How was this amount arrived at?

4) Do you have other debts and if so are you in arrangements with them?

 

I suspect you will still need to provide an I&E for them though, and if this is done right you will end up paying the same as before.

 

 

Why do they need to provide a I&E??? They have no right to this, I have been asked for this from many dca's and I have simply told them No, I tell them what I am paying and it's never been more than a couple of pound if they are not happy tough, Not one of them has done anything about it. Apart from their usual threats!

[BRIGADIER2JCS]

Hi,

 

Will you please answer these questions then I might be able to help?

 

1) Who was the previous creditor?

2) How much did you pay before?

3) How was this amount arrived at?

4) Do you have other debts and if so are you in arrangements with them?

 

I suspect you will still need to provide an I&E for them though, and if this is done right you will end up paying the same as before.

 

Hi IzzaCon as a very new user here do you have prodfessional experience

in this matter??

 

BRIGADIER2JCS

Site Team.

[twoman]

DCA Brig......DCA!

[BRIGADIER2JCS]

Hi IzzaCon as a very new user here do you have prodfessional experience

in this matter??

 

BRIGADIER2JCS

Site Team.

Post unapproved

[IzzaCon]

Hi

 

You are right, they are not obliged to provide an I&E but my understanding in this case is that MW2's objective is to maintain his monthly payment at the same amount as with the previous creditor. If that is the objective, then a simple I&E showing that the monthly payment is the most MW2 can afford, it is likely to be accepted by Moorcroft.

 

If there are other objectives, they can be dealt with differently.

 

To answer Brigadiers question, yes I have professional as well as personal experience. I am certainly not a DCA and I do not work for any creditors. The posts I make on here are my personal opinions based on my knowledge and personal experience and are intended only to help if I can.

[citizenB]

Ok, if there was an arrangement already in place with the OC and the DCA is now attempting to renege on the arrangement then it might be worth having a read of the following :

 

http://www.consumeractiongroup.co.uk/forum/content.php?840-Stop-your-bank-or-lender-breaching-their-instalment-agreement

 

This kind of unfair treatment is a common story on the Consumer Action Group forum. It is unfair for the creditor to renege on the instalment agreement. It is also highly unprofessional of any debt collection agency to buy debts where there is an instalment agreement in place.

 

 

I have quoted just one comment from the article linked above, so please do take the time to read ALL of it.

[dx100uk]

andcheck your /cra file

 

hope this debt shows?

 

dx

[MW2]

Hi and thanks for all the input.

 

The fact is when moorcroft took over the payments they sent me a letter stating the monthly payments would continue as before and yet they have done nothing but try to up the payments since!!!

 

They will have to be happy with what they are getting because they won't get no lordotic me!!

 

Wont get no more that should be !!

 

OMG today after paying my normal monthly payment i receive a letter stating i have failed to pay the agreed monthly payment amount

( i didnt agree to pay it,

i even have a letter from them stating they are happy to continue the payments i was making)

 

and unless i send them the difference which is an extra £80+ they might advise their clients to commence legal proceedings!!!

 

Are these guys for real!!!

[babydoll0141917]

Just ignore them..

And pay what you are paying..

 

I had the same from Moorcroft,,,

Never got into no agreement with them.

 

.Had them letters for over 2 years..

then all of a sudden had a letter this year saying they will except my £1 per mth

Just file under ignore

[MW2]

Can honestly say they are getting on my nerves.

[babydoll0141917]

I know that feeling very well I just ingnore all DCAs!! The only time I wont is if I get a summons! Mine has been going on 4 yrs now ,and all I get is threats..They can all Threat right Off

[dx100uk]

instead of keep focusing on these hamster bedding letters

 

get the cra done

 

dx

[MW2]

Got to laugh.....

Every month I make the same payment and a couple of days later get a letter from these morons telling me I'm behind with my agreed?? Payment.

 

But at least the amount they are now willing to accept has come down this month!!!!!!

Yipee

 

Lowlifes have sent me a nice letter telling me they will not contact me again until such a time as they have my agreement, could be a long wait then!!

[babydoll0141917]

I got the same ..just file under ignore..they do give up eventually..spech when they realise you havent come into an agreement with them but offered them £1.00 per month ..took them 2 years to except my Proposal.. then the letters stopped IDIOTS