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been with payplan for 12yrs..now advise IVA.

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I was 66 yrs old 2 days ago.

I have been in hospital for 3 weeks

just got out but i have been worried about all my debts (plenty of time to think in a hospital bed)

 

Summary

 

1) I have been with Payplan for 13 years and i have never ever missed apayment.

 

2) I have paid back £19,206.54 and my remaining debt is £52,233.72

 

3) My estimated DMP completion date is 28/04/2055 in which i will be 103 years old.

 

4) Owing to bad health i will not be around that long.

 

5) Payplan keep pushing me to start an IVA which is bad advice as it is not guaranteed i could keep up with the payments.

 

6) All debts are from 2005 and are not reported on my credit file also interest was frozen years ago.

 

7) I have 12 creditors Wescot Credit Services, Cabot, PRA Group Ltd, NCO Europe Ltd, Hoist Finance, Lowell Financial Ltd etc

 

8) Most of these debts have been resold many times.

 

Hoist Finance have sent me a letter offering a 69% discount on a debt which my son has offered to pay on my behalf.

 

I am thinking about offering full and final payments over the next 5 years if i live that long and if i can gather any money together.

 

I have ZERO assets and live in rented property.

 

I will not declare bankruptcy under any circumstances.

 

Can you offer me any advice which would be very much appreciated

 

I am very worried about this and somewhere along the line i need to try and put money away for my funeral.

 

I am very grateful for your help and thank you for your time.

 

 

[TABLE=class: table table-striped table-bordered table-hover]

[TR]

[TH=class: cred_name]Creditor Name[/TH]

[TH=class: acc_no]Account Number[/TH]

[TH=class: amount]Estimated Debt Amount[/TH]

[TH][/TH]

[/TR]

[TR]

[TD=class: cred_name]Cabot Financial (Europe) Ltd[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£5,002.19[/TD]

[TD=class: expand_link][/TD]

[/TR]

[TR]

[/TR]

[TR]

[TD=class: cred_name]Cabot Financial (Europe) Ltd[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£1,075.66[/TD]

[TD=class: expand_link][/TD]

[/TR]

[TR]

[/TR]

[TR]

[TD=class: cred_name]Cabot Financial (Europe) Ltd[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£2,520.76[/TD]

[TD=class: expand_link, width: 10%][/TD]

[/TR]

[TR]

[/TR]

[TR]

[TD=class: cred_name]Cabot Financial (Europe) Ltd[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£3,663.85[/TD]

[TD=class: expand_link, width: 10%][/TD]

[/TR]

[TR]

[/TR]

[TR]

[TD=class: cred_name]Hoist Finance[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£1,084.62[/TD]

[TD=class: expand_link, width: 10%][/TD]

[/TR]

[TR]

[/TR]

[TR]

[TD=class: cred_name]Lowell Financial Ltd[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£3,282.98[/TD]

[TD=class: expand_link, width: 10%][/TD]

[/TR]

[TR]

[/TR]

[TR]

[TD=class: cred_name]Moorcroft Group Plc[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£2,413.83[/TD]

[TD=class: expand_link, width: 10%][/TD]

[/TR]

[TR]

[/TR]

[TR]

[TD=class: cred_name]Moorcroft Group Plc[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£8,226.64[/TD]

[TD=class: expand_link, width: 10%][/TD]

[/TR]

[TR]

[/TR]

[TR]

[TD=class: cred_name]NCO Europe Ltd[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£5,267.35[/TD]

[TD=class: expand_link, width: 10%][/TD]

[/TR]

[TR]

[/TR]

[TR]

[TD=class: cred_name]PRA Group Ltd[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£2,895.64[/TD]

[TD=class: expand_link, width: 10%][/TD]

[/TR]

[TR]

[/TR]

[TR]

[TD=class: cred_name]PRA Group Ltd[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£1,666.09[/TD]

[TD=class: expand_link, width: 10%][/TD]

[/TR]

[TR]

[/TR]

[TR]

[TD=class: cred_name]Wescot Credit Services[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£7,997.31[/TD]

[TD=class: expand_link, width: 10%][/TD]

[/TR]

[TR]

[/TR]

[TR]

[TD=class: cred_name]Wescot Credit Services[/TD]

[TD=class: acc_no]..[/TD]

[TD=class: amount]£7,136.80[/TD]

[/TR]

[/TABLE]

Edited by dx100uk
spacing

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If you kept up the payments on a DMP, why would you not do so in an IVA?

 

Why don't you want to go bankrupt?

 

Bankruptcy is a good option to clear your debt, an IVA is pointless as you have no assets to protect and it will cost you more than the bankruptcy.

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I will lose my rented house......no bankrupts allowed.

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Does your tenancy specifically state no bankrupts or does it say that the tenancy will be terminated if rent arrears are included in a bankruptcy?

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Does your tenancy specifically state no bankrupts.

 

 

YES

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stop paying ALL OF THEM

and send each one a CCA request

 

for 12yrs you've been cash cowed

 

bet not ONE of the debts are even legally enforceable now.

 

stop dancing to DCA and payplans tunes...ITS YOUR MONEY..TAKE CONTROL!!

not let them BLINDLY lead you.


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I have removed all the account numbers from your post

we don't need them

would be nice to see what the original debt was

and who was the original creditor.

 

moved to the debt selfhelp forum

and retitled


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.

 

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Halifax Plc

 

Barclays Bank Plc

 

Alliance & Leicester

 

Capital One Bank

 

MBNA

 

Goldfish Bank Ltd

 

Lloyds Bank plc

 

Royal Bank Of Scotland

 

 

ALL DEBTS 2005 CREDIT CARDS.

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Wow! I bet very few if any will have adequate CCA agreements for those accounts. Get some CCA requests off and don't pay a penny more to those who cannot come up with the relevant paperwork


Any advice given is done so on the assumption that recipients will also take professional advice where appropriate.

 

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The Wescot and Cabot ones stick out like a sore thumb - they only usually buy debts that have no hope of being enforced via the courts. Have any of the debts actually been through a court in the past?


Any advice given is done so on the assumption that recipients will also take professional advice where appropriate.

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

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If I have been helpful in any way - please feel free to click on the STAR to the left!

 

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When sending CCA requests is it ok to send a cheque for £1 rather than postal order?

 

I presume they should be sent by recorded delivery.

 

Thanks for your help very much appreciated.

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no!! read why in the CCA posts.

no need to waste money

all you need is free proof of posting from any PO counter and 1st class.


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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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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Youre being cash cowed hard. Chances are you owe NONE of that.


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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dx100uk many thanks for all the links which i have now read.

 

I have just purchased 13 x £1 postal orders and will print out the forms and send them off on Monday.

 

I will keep paying Payplan until i receive replys from creditors and will let you know the outcome.

 

I have not been in good health and could not tolerate the stress of debt collectors banging on my door also receiving threatening letters.

 

dx100uk it is very good of you to take out your spare time to help me and i thank you and everyone else who has replied.

  • Haha 1

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a dca door stepper IF they ever did come are totally powerless.

 

for wescot, nco and Moorcroft

send the CCA request to their stated clients from their letter ..not directly to them.

 

pers id just stop paying PP now.

 

you'll soon get the flurry of deforestation thru you letter box

then we can deal one by one.

 

if you don't know the clients as above, then don't bother with a CCA to wetcloths NCO or Moorcroft

just stop paying. and you'll soon know who needs it to be sent too.

 

cant find the thread at present

but there was one chappy that was paying those 3 for the SAME DEBT...turned out he was +£400 in credit..got the lot back+interest.


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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This is the info off Payplan website for NCO EUROPE

 

Newman & Co 16/02/2005

Newman & Co 16/02/2005

Newman & Co 16/02/2005

DO NOT USE - NCO Europe Ltd10/03/2005

DO NOT USE - NCO Europe Ltd08/05/2012

NCO Europe Ltd 09/08/2013

American Express 20/07/2015

NCO Europe Ltd 21/07/2015

American Express 08/10/2015

NCO Europe Ltd 08/10/2015

 

 

This is the info off Payplan website for MOORCROFT ACCOUNT 1

 

 

MBNA 16/02/2005

MBNA International Ltd 16/02/2005

Wescot Credit Services 26/07/2007

Arrow Global Limited 10/02/2017

Wescot Credit Services 10/02/2017

Arrow Global Limited 23/04/2018

Moorcroft Group Plc 23/04/2018

 

 

This is the info off Payplan website for MOORCROFT ACCOUNT 2

 

 

Goldfish 16/02/2005

HFC 16/02/2005

Goldfish Bank Ltd 14/06/2005

Wescot Credit Services 17/06/2005

Arrow Global Limited 10/02/2017

Wescot Credit Services 10/02/2017

Arrow Global Limited 23/04/2018

Moorcroft Group Plc 23/04/2018

 

Who do i send CCA request to.

Edited by dx100uk
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so

 

AMEX card...looks to be still owned by the OC

 

MBNA card - now with Arrows

 

HFC Goldfish card - now with arrows.

 

 

just stop paying NCO for amex..await their letter..no need to CCa yet

 

 

2*CCA to arrows re goldfish and MBNA cards.

(goldfish HFC CCA agreements don't exist they were shredded years ago]

 

MBNA CCA returns rom arrows are typically unenforceable cut n paste jobbies


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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This is the info off Payplan website for WESCOT

 

 

Royal Bank Of Scotland 16/02/2005

Natwest/RBS 16/02/2005

Wescot Credit Services 29/07/2016

Cabot Financial (Europe)25/07/2017

Wescot Credit Services 25/07/2017

Cabot Financial (Europe)18/12/2018

Wescot Credit Services 18/12/2018

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sorry what does that mean?


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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Wescot Credit Services

 

The original owners were RBS.

 

I presume i send cca to wescot.

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Wescot do not buy debts and therefore not the creditor...only chase....CCA request to RBS

 

 

Andy


We could do with some help from you.

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