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    • Future Comms issues. Read more at https://www.consumeractiongroup.co.uk/topic/416504-future-comms-issues/
      • 3 replies
    • This is a bit of a lengthy one but I’ll summerise best as possible.
       
      THIS IS HOW THE PHONECALL WENT 
       
      I was contacted by future comms by phone, they stated that they could beat any phone contract I have , (I am a limited company but just myself that needs a business phone and I am the only worker) 
      I told future comms my deal, £110 per month with a phone and a virtual landline, they confirmed that they could beat that, £90 per month with a phone , virtual landline  they also confirmed they would pay Vodafone (previous provider) the termination fee. As I am in business, naturally I was open to making a deal. So we proceeded. 
      Future comms then revealed that the contract would be with PLAN.COM and the airtime would be provided by 02, I instantly told them that this would break the deal as I have poor 02 signal in the house where I live as my partner is on 02 and constantly complaining about bad signal
      the salesman assured me he would send a signal booster box out with the phone so I would have perfect signal.
      so far so good.....
      i then explained this is the only mobile phone I use for business and pleasure, so therefore I didn’t want any disconnection time in the slightest between the switchover from Vodafone to 02
      the salesman then confirmed that the existing phone would only be disconnected once the new phone was switched on.
      so far so good....
      • 14 replies
    • A shocking story of domestic and economic abuse compounded by @BarclaysUKHelp ‏ bank complicity – coming soon @A_Gentle_Woman. Read more at https://www.consumeractiongroup.co.uk/topic/415737-a-shocking-story-of-domestic-and-economic-abuse-compounded-by-barclaysukhelp-%E2%80%8F-bank-complicity-%E2%80%93-coming-soon-a_gentle_woman/
      • 0 replies
    • The FSA has announced large fines against DB UK Bank Limited (trading as DB Mortgages) - DeutscheBank and also against Redstone for their unfair treatment of their customers.
      Please see the links below for summaries and full details from the FSA website.
      It is now completely clear that any arrears charges which exceed actual administrative costs are unfair and therefore unlawful.
      Furthemore, irresponsible lending practices are also unfair and unlawful.
      Additionally there are other unfair practices including unarranged counsellor visits - even if they have been attempted.
      You are entitled to refuse counsellor visits and not incur any charges.
      Any charges for counsellor visits must not seek to make profits. The cost of the visits must be passed on to you at cost price.
      We are hearing stories of people being charged for counsellor visits for which there is no evidence that they were even attempted.
      It is clear that some mortgage lenders are trying to cheat you out of your money.
      You should ascertain how much has been taken from you and claim it back. The chances of winning are better than 90%. It is highly likely that the lender will attempt to avoid court action and offer you back your money.
      However, you should ensure that you receive a proper rate of interest and this means that you should be seeking at least restitutionary damages - which would be much higher than the statutory 8%.
      Furthermore, you should assess whether the paying of demands for unlawful excessive charges has also out you further into arrears and if this has caused you further penalties in terms of extra interest or any other prejudice. This should be claimed as well.
      If excessive unlawful charges have resulted in your credit file being affected, then you should take this into account also when working out exactly what you want by way of remedy from the lender.
      You should consult others on these forums when considering any offer.
      You must not make any complaint through the Ombudsman. your time will be wasted, you will wait up to 2 yrs and there will be a minimal 8% award of interest and no account will be taken of any other damage you have suffered.
      You must make your complaint through the County Court for a rapid and effective remedy.

      http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/120.shtml
      http://www.fsa.gov.uk/pubs/final/redstone.pdf
      http://www.fsa.gov.uk/pubs/final/db_uk.pdf
       
      http://www.fsa.gov.uk/pages/consumerinformation/firmnews/2011/db_mortgages.shtml
      Do you have a mortage arears claim to make? Then post your story on the forum here
      • 0 replies

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HI

 

I have 3 outstanding accounts with Lowell. Totaling approx £3000. They are quite old accounts but not statue barred.

 

I called today and offered to repay 40% of the total amount in order to help repair my credit file and clear these off. It would be on a repayment plan over 15 months.

 

They agreed to this but advised that the debt will be marked as partially satisfied on my credit file and this doesn't look good on a credit file. I imagine there is some element of truth to this but obviously not as bad as unpaid!

 

Is partially satisfied a bad indicator for potential new credit lenders i may use in the future?

 

Thanks

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Discount means unenforceable debt.

 

Basically theyre saying "we know we could never enforce this if you are smart, but we hope you arent, so we're calling your bluff"

 

I mean come on. They agree to settle at a discount on a debt you likely never have to pay, but they still want to place negative markers on your file?

 

Also NEVER call a DCA. Youve been here for years, so should know what not to do by now. Why on earth are you negotiating repayments with a DCA anyway? Have you sent a CCA request to them to check if they even have the correct paperwork?

 

Lowell are bottom feeders.


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

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wherever did you get the insane idea to ring a DCA?

you've been on CAG 10yrs and don't know they are totally powerless and NOT BAILIFFS???

 

so they have sent you the signed agreements for these accounts that legally gives them the right to even write to you??


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Doh! how do you even know they are enforceable? What are the debts?


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sorry for the late reply. The reason is that i want to clean up my credit file.. im trying to apply for a morgage and lowell are destroying my credit file. at least if i start a payment back it will start to repair my credit. that is the only reason im negotiating with them

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not sure where you are getting the idea paying anything will improve your credit score

if a debt is defaulted

its there for 6yrs paid or not paying or not. and the whole account will vanish on the defaults 6th birthday regardless.

 

that is the ONLY way your score will even improve.

 

so what are the defaulted dates please on all 3?


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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sorry for the late reply. The reason is that i want to clean up my credit file.. im trying to apply for a morgage and lowell are destroying my credit file. at least if i start a payment back it will start to repair my credit. that is the only reason im negotiating with them

 

As dx said. No idea where you heard that, because it is 100% not correct.


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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It will still show on credit files as a default, and Lowell might sell the remainder of the debt on to another bottom feeder


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 OTHER

 

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

 

The bailiff: A 12th Century solution re-branded as Enforcement Agents for the 21st Century to seize and sell debtors goods as before Oh so Dickensian!

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sorry for the late reply. The reason is that i want to clean up my credit file.. im trying to apply for a morgage and lowell are destroying my credit file. at least if i start a payment back it will start to repair my credit. that is the only reason im negotiating with them

 

Find a good mortgage broker, you will need to show them your credit file as part of the application process, it will shatter all your preconceptions of what does and doesn't affect a mortgage application.

 

I can tell you 100% from experience, some crappy 4 year old default from Lowell, has zero bearing on any mortgage offer you might receive, and that offering to pay them is literally chucking money away that you would be better off using for a deposit on a house.

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For a prime mortgage youd be wrong, unless you can show proof the default is paid, or is being paid at a rate acceptable to the mortgager.

They want YEARS of clean and consistent credit history in order to lend.

 

Infact, many major lenders wont even tell you why you have been refused a mortgage application now.

They say its to combat fraud and attempts to circumvent their lending criteria and systems.

Edited by dx100uk
quote

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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in short, your actions will make things worse rather than better

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For a prime mortgage youd be wrong, unless you can show proof the default is paid, or is being paid at a rate acceptable to the mortgager. They want YEARS of clean and consistent credit history in order to lend.

 

Infact, many major lenders wont even tell you why you have been refused a mortgage application now. They say its to combat fraud and attempts to circumvent their lending criteria and systems.

 

Agreed,

 

That's why, at least in my circumstances, I was better off paying 150 a month more for a sub prime mortgage, as it was still way less than the amount I was flushing down the bog in rent. Plus I will own the house outright in 20 years whatever happens, and not need to pay rent in retirement.

 

In a few years when all my defaults are statute barred and off my credit file, (depending on house prices) perhaps i can remortgage at a better rate, but at least I have got onto the property ladder now.

 

Also bear in mind, any payment the OP makes to an old default is restarting the Statute barred clock, he's better off making sure they all have his current address details, just in case a claim form comes through, ignoring until then.

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sorry for the late reply.

 

Appreciate all your input.

 

I was under the impression that if i started to pay these back, that my credit score would increase, therefore have a better chance of getting accepted.

I will take your advise and continue to ignore them.

I've started receiving alot of letters from them again, albeit because i made contact!

Edited by dx100uk
spacing

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The only way it will increase is when the defaults vanish after 6 years of being on your file.


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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