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PRA Group MBNA settlement offer

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I have an MBNA debt which was part of my Step Change DMP.

 

After DMP finished the debt was passed straight to PRA.

Ive only just realised PRA are the debt collectors as I saw an email which did not hit my spam box from them.

The original debt was for £3725.

Ive had no communication with them yet.

 

The email stated a reference number, web link, and 65% discount offer if I were to pay by 27th March.

 

Although I don't have spare funds for the reduced amount (1,303), I could theoretically borrow it from a friend who is in no hurry for repayment from me.

 

Is it worth me doing that or should I wait for some sort of postal correspondence from them instead?

 

Im not aware of any other letters from them I think the debt when PRA took it on would have been in late 2016.

The MBNA original is only from 2014.

Edited by dx100uk
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has it not struck you why they are offering such a large discount?

PPI?

penalty charges?

no enforceable paperwork?

 

dx


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I should write requesting the signed loan agreement details?

Is there a link to that legal jargon somewhere for requesting legal paperwork please?

 

Its definitely not PPI as I had no extras on that card, was wise to it by then.

Though it was a very high interest rate from memory.

 

Re penalty charges, do you mean monthly charges for defaults?

If so I dont think I ever defaulted until the very end when my business ended and I had very little income

Edited by dx100uk
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have you moved since taking the card out?

and have not informed MBNA or PRA of your new address?


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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no, but I did work away for a few months last year so its possible some mail didnt reach me.

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not bothered about mail not reaching you...

 

typically these letters are a phishing trip to see if you respond

and if you don't, then they file court papers to the address registered on the agreement

 

but as you've not moved then it puzzles me why they are not leaving it a few more years toward SB date to run up interest they can claim before issuing a claim.


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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So I should not respond?

See if a letter drifts in?

I wonder if I can go to MBNA direct to ask for time to pay and a nominal monthly sum as I was paying on the Step Change DMP

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just ignore PRA. A discount that large means its an unenforceable debt. Dont be scared, and dont be cash cowed


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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nothing to do with MBNA now

its been sold


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 

 

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thanks, I gathered its been sold, but what are my options based on above details please?

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your current option is to ignore. Its a phishing trip and theyre trying to scare you into admitting and paying.


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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thanks you. Ill wait and see if they try a more aggressive approach before responding then.

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bounce the email back and block them


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 

 

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Hi all,

I had some previous that I tried to deal with via Step Change at £1 per month which ran out at the end of 2016. Didn't realise SC only lasted a year so I'm back to square one with the debt.

 

One of those debts was MBNA credit card -roughly £4k- which has now been passed to PRA Group. Having dealt with them before I know how aggressive they can be.

 

So far, I have just received a letter from PRA stating the account summary for one year according to them 18.4.17 to 18.4.2018 detailing no payments from me to them and a balance.

 

This debt started in 2015 ( MBNA passed it straight to debt collection) so it is a relatively recent credit card.

 

PRA state a one off payment is available of £1444.14 to expire on 17.5.18 although it says the credit file would only be marked as 'partially settled' if I did do that.

The offer of a one off payment makes me wonder if they don't have the signed agreement.

 

I cannot afford that at present anyway, and I see no point in 'full and final settlement' if its only going down as partially settled, so I am wondering what my next move should be? I have not responded to them yet in any way.

thanks in advance for you help.

Edited by dx100uk
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Old and new threads merged

Please keep to one thread.

 

Pers i'd follow the advice given previously advised before from post 1 onwards


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 

 

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Sorry? What previous advice? Im not sure what you mean about old and new threads combined? I have not posted about that debt anywhere else.

thanks

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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

spreadsheets 

 

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Ah I had completely forgotten about the email they sent me previously and that Id opened the thread!

 

This is a letter, which is obviously a follow up from them.

 

I should just ignore for now and see if they push towards court as its probably unenforceable?

thanks

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Unless you get a letter of claim or a speculative court claiming ignore them


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 

 

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the final debt I have to deal with has now arrived via PRA Group for chasing me.

Its for MBNA.

 

Long story short-

1. Debt clock started 09/2008

 

2. Got into a mess as my business was closed down by a [EDIT]- did a Stepchange DMP for 1 year from 15/6/2015 which auto ended 1 year later (did not realise it was only for 1 year as not told.)

 

3. Debt for approx £4100 has passed to PRA.

 

4. Had a letter today which is a 'summary' of account payment details for the last year - £0 paid.

PRA not threatening yet, but have sent 'single payment offer in full final settlement' of approx £1440

which is open until end of April.

 

What would be their next likely move be if I don't pay this or make contact?

I have not contacted them at all yet.

I prefer not to pay this giant lump sum as I am living off savings mostly at the moment.

thanks in advance for your advice.

 

Quick addendum- just realised original debt amount was approx £3700 not their amount of £4140 as stated, they have added the rest as fees I guess, which is not stated on the letter.

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threads merged yet again

please keep to one thread per issue.

re read the thread from post 1 now

do as post 19.


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 

 

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Not sure I understand you. I did start a brand new thread for this debt issue. I went in from home page > debt section.

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yo keep making a new thread WHEN YOU ALREADY HAVE ONE REGARDING THIS DEBT!!

dont

keep to the one already started then we don't have to keep merging them...

 

makes a mockery of the people giving advice already

as someone has to repeat it.

 

dx

 


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 

 

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I did not realise I had already started one for this particular debt. When you have so many companies chasing you ,who keep changing their names and tactics, its not always easy to remember what you may have done several months ago. If there is an easy way to do that here then please guide me. I honestly did not know I had asked about this one before.

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just click your username of the left and always check 1st.

 

 


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 

 

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