Jump to content


poundland

Full and final settlement - can I still offer?

style="text-align:center;"> Please note that this topic has not had any new posts for the last 406 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

I have a couple of debts I am paying monthly to dca' s , balance on each about £550. I have some money coming to me. Even though I am repaying by arrangement, could I still make a full and final settlement offer to clear them?

Share this post


Link to post
Share on other sites

why?

what are the debts please?


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

spreadsheets 

 

Share this post


Link to post
Share on other sites
why?

what are the debts please?

 

One is Mail order the other is Barclaycard

Share this post


Link to post
Share on other sites

More infobplease. You should always think hard about a debt owed to a dca. Very rarely they're ever enforceable


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

Share this post


Link to post
Share on other sites
More infobplease. You should always think hard about a debt owed to a dca. Very rarely they're ever enforceable

 

The debt to Studio I have been paying for about 2 years at £50 per month. There is a balance of about £550

 

The Barclaycard debt I have been repaying at £25 per month for about 10 months. The balance is about the same.

 

They both appear on my credit report. I just want rid of them now, I have a chance to knock a hole in both.

Share this post


Link to post
Share on other sites

Are you sure the debt balances are fair and accurate ?

 

If not, get hold of statements from studio and Barclaycard.

Also ask the DCA's for statements of what you have paid them.

 

Perhaps charges and interest applied are unfair or wrong ?

 

You don't want to be handing more cash over, before you have investigated what you owed originally was fair/correct and the repayments are therefore fair/correct.


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

Actually I have started an irresponsible lending complaint against Studio.

I have had several cases upheld by the FOS recently which date to the same time as this so I may just hang fire against them and keep paying off.

I made an SAR to Studio who haven't sent it to me within the timescale they said they would. Still waiting.

 

Barclaycard I was just paying the minimum payment each month by DD but it was over limit and the charges piled up.

I stopped paying to make it go into default and prevent interest and charges accruing further.

Stupidly I ignored their letters and they did reduce the balance but I continued to ignore until it went to a DCA.

I think they still own the debt.

Share this post


Link to post
Share on other sites

I would.have sent a cca request. I've a very strong suspicion you're being cash cowed hard.


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

Share this post


Link to post
Share on other sites

So what happens then?

Is it unenforcable if they cannot comply?

Who do I send it to?

Sorry but not come across this before.

Share this post


Link to post
Share on other sites

Send each dca you are paying a cca request

 

Never blindly pay a dca


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

spreadsheets 

 

Share this post


Link to post
Share on other sites

Why?

I know how much I owed.

Do you mean it could be unenforceable?

I'm sorry I am confused.

Its all on my credit report.

What will happen if I stop paying?

Share this post


Link to post
Share on other sites

we haven't said stop paying...yet!!

but if they don't hold enforceable paperwork..then you are being cash cowed.

 

throw the morality card out the window


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

spreadsheets 

 

Share this post


Link to post
Share on other sites

No I get that.

I shan't stop paying but please, in laymans terms, what do you mean by cash cowed?

I think I know but can you be a bit clearer.

I am new to this.

Share this post


Link to post
Share on other sites

Cash cowed means you are willingly giving them money for no reason.

Just because you morally owe it doesnt mean you legally do.

 

DCA's buy debts for 10p in the pound and then try and chase you for the full amount. T

hey rarely have the paperwork needed to enforce the debt and they do NOT care about law or regulation.

They will do anything to get money from you.

  • Confused 1

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

Share this post


Link to post
Share on other sites

Thankyou for clarifying. If the payments to the DCAs appear on my credit file what happens then?

Edited by poundland
spelling

Share this post


Link to post
Share on other sites

In terms of what?


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

spreadsheets 

 

Share this post


Link to post
Share on other sites

If the debt is unenforcable do I stop paying? If so , will it affect my credit record?

Share this post


Link to post
Share on other sites

I would expect your debts are already defaulted and/or not showing now anyway?


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

spreadsheets 

 

Share this post


Link to post
Share on other sites

Both debts show on the credit record.

One as payable to the DCA (Cabot, but The Studio account shows as closed and satisfied) and

the Barclaycard shows as a default with reducing balance,

I pay a DCA for that one but it doesnt show.

Share this post


Link to post
Share on other sites

If cabot have the account CCA them asap.

They dont chase enforceable accounts.

They are bottom feeders.

 

Which DCA do you pay for the barclaycard?


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

Share this post


Link to post
Share on other sites

A debt is removed from your file on the defaults 6th birthday paid or not paying or not

Makes no diff

Once its gone it cant return


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

spreadsheets 

 

Share this post


Link to post
Share on other sites

Bet its link or robbersway for hoist


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

spreadsheets 

 

Share this post


Link to post
Share on other sites
If cabot have the account CCA them asap. They dont chase enforceable accounts. They are bottom feeders.

 

Which DCA do you pay for the barclaycard?

 

moorcroft

Share this post


Link to post
Share on other sites

Moorcroft dont buy debts. Pay barclay card direct . Not their pet sheep who try and add on charges.


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

Share this post


Link to post
Share on other sites

Okay, I've just checked my credit report which says I pay my account to Cabot but my Direct Debit is to Mortimer Clarke.

I am now confused.

Who do I send a CCA to?

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...