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Nationwide Loan/ARC DCA

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Morning CAG members,

 

Wonder if you could give some advice please. I split from my wife last year and took all the debt in my name with me (which was roughly half) - unfortunately I wasn't able to keep up on any repayments as I'm not on a massive salary and now have to rent privately and pay all bills from one wage now.

 

I explained everything to my creditors and so far so good. However, I received a letter from Nationwide in regards my loan which stated;

 

"We recently identified an issue with some of our arrears statement" goes on to apologise for their error and says "in light of this error we will not pursue court proceedings to recover this debt"

 

Further on it then asks if I want a "Notice of Correction" added which states that "Please note that this default relates to an agreement which the creditor considers to be unenforceable."

 

Should I get this added to my credit file and due to my financial situation can I stop paying this?

 

They've passed this onto ARC who have been sending me letter and called my place of work and recently sent me an income/outcome form to see what I can afford to pay. I informed them that i had a letter saying this loan was unenforceable and no legal proceedings will be pursued.

 

They informed me that no legal action will be taken but they've been asked to collect payments by Nationwide.

 

End of the day, do i have to do as ARC require, or can I just ignore this debt? If I can it would help me greatly as this is my biggest debt and am currently off my work with mental health issues.

 

Thanks in advance for any advice.

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YES add that to your credit file AND STOP paying them.

 

You can completely ignore ARC, however, lodge a formal complaint with the FCA regarding their use of intimidation calling your place of work.

 

IF they are so dumb as to continue with this intimidation then you will seek financial recourse off them.

 

Keep a diary of events regarding everything, if you send them any correspondence then obtain ''proof of posting'' which is free from the PO counter.


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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What other debts do you have and do you want any help with them?


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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