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    • if i remember rightly, long ago in one of the first drafts of the old proposed gov't overhauls, there was a listing of recommended 'charges' that inc wrong reg = £20. some PPC's implemented such changes in advance. then later as it looked increasing likely the new code was never going to be implemented after it's 1st review and another set of codes was to be debated they all quietly revert back .......... dx
    • Potentially it may not even get sold on? Just the default left for 6 years then gone? but if it is sold on ill get a letter from the DCA which is the notice of assignment? Sorry what is the different between a default notice and a default cal marker? yes, i may try and work arrangements out with the OCs after the breathing space but I'll see my circumstances then thank you again for all your help and patience, I really appreciate it and apologies If i am too fast or repeating myself.
    • receiving a default NOTICE (forget simple default cal markers) does not mean it will get sold on... OC's very very rarely do court themselves.  if it does you would receive a Notice of Assignment from the debt buyer/DCA.  as for reduced payment if it remains with the OC and they issue a DN, no harm in trying but lets get all your ducks inline first. dx  
    • okay thanks do you know how long it will take for it to get to the DCA or could the OC try and issue a CCJ? even though it's unlikely also for example would the OC agree to a reduction and a small payment over a super lengthy period of time if agreed? Rather than go through chasing apologies again for all the questions, just trying to understand all the possible scenarios.  
    • Currently - "the maximum daily price at 100p / kWh for electricity and 30p / kWh for gas – keep in mind that's a lot higher than the Ofgem Energy Price Cap, so if you can't afford prices to increase further, you're probably better off sticking with a protected tariff such as Flexible Octopus." Octopus Tracker is a product of our labs, available now to customers through our beta programme. Octopus Tracker is a beta product. Some things may not work the first time, and installations and processes may take longer than we'd like. Third party tech like In-home Displays won't always work, and on occasion data issues with smart meters can take significant time to fix or prevent things from working at all.   Copied straight from octopus   Feel free to shove it somewhere else    
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Moneyway - and Alpha Credit Solutions


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I took out a 10k loan with Moneyway in 2014 which is now been paid back through a DMP with Stepchange, I received a letter to say it has been transferred to Alpha Credit Solutions, who are these people and what can I expect next - I literally cant find any info on ACS

 

Thanks

PB8111

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

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did y ou check the enforceability of the debt? FOr a creditor to sell a 10k loan to a DCA is pretty suspicious.

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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Good Evening Renegadeimp.

 

I wouldnt know where to start, in my opinion i borrowed X and havent paid back Y - I would welcome any advise this forum can offer in the next step, despite making numerous payments the debt still stands above 13k.

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

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What does your credit file say?

 

 

Have you got the original agreement for this loan?

 

 

Moneyway IS a trading name of Secure Trust Bank, who have recently sold a portfolio of unsecured personal loans to Alpha Credit Solutions, so this will be the reason for the sale.

 

 

http://www.iii.co.uk/alliance-news/1513876730656020000-3/secure-trust-bank-sells-portfolio-of-unsecured-personal-loans

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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throw the morality card out the window

this was car finance yes?

what happened

tell us the full story.

 

prime or alpha are based abroad and typically buy unenforceable agreements credit for

and then fleece people for the whole sum

they are a Debt buyer with ZERO legal powers

and NOT BAILIFFS

 

what others debts are you paying blindly to DCA's thru stepchange

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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thank you for your responses.

 

The Moneyway was a personal loan sold in 2014 - i do have the credit agreement which i can dig out if need be.

 

Also repaying a Zopa loan through DMP - originally amount with Interest 15k, now down to 8.5.

 

Paying Link Financial for OD on Halifax and HSBC

 

2k owed to Capital one for 2 x credit cards.

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

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Link

Stop paying them

If they are both OD's you are being cash cowed blind!

 

Hope you dmp is not with a fee paying fleecer too??

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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DITTO!!

 

 

DUMP paying Link for an overdraft, you need to reclaim ALL of the fees/charges including interest first.

 

 

Same for Cr@p1, reclaim all of the fees/charges, then drop them down to to £1 a month for the life of the debt. How did you manage to run up two debts 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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II had two credit cards with C1 - i think one of them was through a broker which ended up being Crap1.

 

Need to find a template to send for the charges and interest and fees etc if anyone has a template.

 

Will get them a letter sent off, need to do the same with Alpha as well if they have the credit agreement etc

 

Just checked and my barclaycard CC - £1100 is with a Cabot financial?

 

The debt peaked at 45k and managed to get 10k of it paid off but if im being fleeced blindly then i need to start getting some letters sent ASAP dont I,

 

Ive told Stepchange this month that i am receiving legal advice so wont be making this months payment until Ive had some replies...

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

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Leave the charges for now

 

Bar link

 

Send everyone you are paying any of these debts anything on a cca request

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Thank you, ill get them sent over the weekend

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

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Letters sent at dinnertime - see what we get back, thanks for helping and im sure i will need help with advice once i get the responses.

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

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Letters sent at dinnertime - see what we get back, thanks for helping and im sure i will need help with advice once i get the responses.

 

 

Excellent well done, did you get proof of posting by any chance, or just posted 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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Just posted them, but i am a patient man - if i dont get a response all the letters are saved on my desktop so ill send them again recorded

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

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