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Link offering 50% settlement

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Hello all - my first post, and Id really appreciate a little advice.

 

I had a letter from Link offering 50% off my 3 accounts with them as partial settlement.

The accounts would then be closed with no further monies owed.

The debts are over 6 years old so not on file.

 

I have been in discussion with them about closing the accounts for a while.

Im not working due to health issues, and payments have been frozen for about 2 months.

My partner has offered to pay from her savings.

 

I offered 65% but they came back with the 50%.

 

Its not a huge difference but its still alot to us.

It would be so good to get rid them off my back, but now Im wondering if I should just hold fire and stick to my original offer.

Any thoughts much appreciated.

Edited by dx100uk
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who says you owe anything at all.

have you sent them a CCA request for each one?

if they are debts regulated by the consumer credit act?

 

hope you are not talking to these fleecers on the phone too..?

 

what are the debts?

when did you take them out?

who was the original creditor?

 

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Thanks for getting back so quickly 🙂

 

The debts are 4700 to barclaycard, and 2k to Co-op loans.

 

I have been taking to them on the phone, yes

- I really wasn’t aware that was not a good thing to do 😳

 

The debts are quite old,

taken out originally 8-10 years ago,

and defaulted about 3 years ago.

 

I last paid link around 2 months ago,

I was paying a very minimal amount.

 

I have no idea if they were regulated debts with the consumer credit act I’m afraid.

 

Maxine x

Edited by dx100uk
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well stay off the phone

never talk to a fleecing DCA

they ARE NOT BAILIFFS

and have

ZERO LEGAL POWERS.

 

send a CCA request for each debt.

 

shame they blindly had you paying till recent and running the Statute barred clock to infinity .

they could have been resolved years ago.

 

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Which I’m assuming means I don’t have any other option but to accept their offer?

 

I’m sorry, but what will sending them a CCA request do?

 

What do I do with the information when it comes back?

Edited by dx100uk
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Look at it as being brainwashed by someone.

You've only had input from a DCA

They will say anything on the phone to get you to pay

As i bet you never recorded the calls did you?

So the questionable one sided information is all you believe

The original creditors sold your debts on for about 15p=£1

 

As yourself this question...

Why didnt Barclaycard or the co-op take me to court and crush me?

Urm..possibly because they no longer have the signed agreement?

 

So ..


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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No, I didnt record calls, had no idea that was recommended...this is all totally new to me..

 

I have looked into the CCA request

- am I right thinking if they cant supply the original agreement then its null and void?

 

I guess my worry is if they DO have the original agreement, they will take back the 50% offer?

 

Im a bit too fragile to cope with drawn out legal threats and wranglings :|

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Look on the bright side.

If they had the original agreements themselves they would not be offering you such large reductions .

 

Erm if they could produce them all which is highly unlikely, included among the figures would be inflated charges and probably their dodgy PPI fees that can all be reclaimed.

That's even before you get on to asking for any reduction for a quick settlement.

 

And bear in mind that even if you they accept your payment as full and final there is nothing to stop them passing on the remainder of the debt to another dubious debt collector.

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safe to say with Link , if they hold anything..

and To be honest, very few Barclaycard CCA's are ever enforceable anyway.

 

lets see but don't get caught out on believing anything told to you over the phone..they LIE..sorry but that's the most honest truth.

 

get the CCA requests running

drop all phone comms now

if they ring again.

state writing only put the phone down

ignore security questions ..don't engage them anymore.


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Just to back this up, Link are rubbish. I ignored them for 10 yrs, nothing happened and my debt is long since statute barred, and gone from my Credit File. All I have is a pile of threat o grams from way back that I shall soon be feeding to my bonfire.


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Be aware that link are the biggest fleecers going. They will say and do anything to try and get money on a lemon debt, and from your replies, youre walking right into their trap.


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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On ‎2‎/‎19‎/‎2019 at 12:38 PM, dx100uk said:

I found these articles too about Link Financial- ugh what a horrible piece of vermin. He's chasing my deceased father for debt he may/may not have had from 2006.

 

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