3 Letter Process???

[nacro]

Hi

Does anyone know about using the 3 Letter process to challenge personal debts? I have heard this can be very effective?

Many thanks

nacro

[dx100uk]

no that 's FmOTl twaddle

 

dx

 

[AndyOrch]

Thread moved to the appropriate forum.

 

Andy

[Bazooka Boo]

The 3 letter process is something dreamt up by FMOTL, and it is well left alone unless you want to lose hand over fist.

 

There are much easier and better ways in  which to deal with debt, and they are tried and tested.

 

Tell us the story and others can advise you on the correct way to deal with them.

[nacro]

Thanks Bazooka Boo

This is helpful to know...

 

my own situation is that I have written to the two DMC requesting a CCA and Sars both for very historic debts sold by the Banks 6-10 yrs ago...

 

both say they cannot produce the evidence of the sale (DOA) but say I should continue to make my monthly payments as I have been doing for the past 6 years as it is possible these DOA will eventually be found.

 

In the light of this reply I now want to stop making my monthly payments.

Any advice would be helpful

Nacro

 

 

[dx100uk]

they are not DMC's they are DCA's 

and an SAR to them is utterly pointless.

and you will never get to see the deed of assignment

that's a confidential business document not for your eyes.

 

sadly they are having you as a cash cow mostly because you've shown you know nothing about what you are doing by following FMoTl twaddle sites.

 

what are the 2 debts please

debt type

original creditor

amount 

defaulted date

 

[nacro]

Thanks dx100 uk

One is with Cabot originated with Lloyds 2004 and sold to Cabot in 2012 and current value £6500

 

the other is with PRA originated with Lloyds 1983  and sold to PRA  in 2013 and current value £ 7500...

 

.up until I requested a CCA and SARS last year Nov 2018 I have been paying an agreed monthly sum of £110 between them.

 

My own circumstances is that I am 73 yrs retired pensioner and now want to be free of these debts.

 

help and advice welcome

nacro

[dx100uk]

they failed the CCA requests then?

why are you paying anything??

 

dx

 

[nacro]

Thanks....I have stopped payments for the past 4 months but keep getting letter statements of how much I still owe!

Nacro

[Bazooka Boo]

That's perfect,

Simply file those computer generated missives in a drawer, and continue ignoring them.

 

Nothing they can do until they find those ccas.

 

[nacro]

Thanks

Is there any chance they will find the CAAs as these are historic??

nacro

[Bazooka Boo]

If they had them then they'd have sent you them, wait a while and see what tricks they might pull to bully you into paying.

 

Anything pre 07 then it's highly unlikely, you're doing the right thing by witholding payment, this will either force them to give up and resell it in another portfolio of toxic unenforceable debts, OR, make them trawl about in an attempt to find the CCA's.

[dx100uk]

sorry you've been cash cowed for so long.

makes you wonder how many staff got free drinks at the bar or a holiday out of you all these years.

 

1983 not a chance in hell

 

2004 poss what is the debt type?

 

 

 

[nacro]

28 minutes ago, Bazooka Boo said:

If they had them then they'd have sent you them, wait a while and see what tricks they might pull to bully you into paying.

 

Anything pre 07 then it's highly unlikely, you're doing the right thing by witholding payment, this will either force them to give up and resell it in another portfolio of toxic unenforceable debts, OR, make them trawl about in an attempt to find the CCA's.

Thanks again

such a relief to know how these DCAs function....I now believe that after making payments over 6-7 yrs that the original debts (bought at a much reduced rate!!) has been paid off...however time will tell

nacro