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Numerous Unsecured Debts of six figures/ CCA Requests ?

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Hi Guys

 

New to the thread but need advice please.

 

I have several debts which I have been making nominal payments to for years. the debts run into six figures.

The total outstanding is substantial.

All of my debts are in my name.

They are all unsecured debts as they are on credit cards, bank overdraft and a bank loan.

I had to get the money to try and keep my business afloat.

 

All the debts go back to 2003.

Most of them have changed hands whereby companies have bought the debts of other companies. 

As a result of these debts we lost our house and have been in private rented accommodation since then.

 

For years I have just been paying nominal amounts but never missing a payment.

Unfortunately I am now starting to get pressure of a debt collection agency who have recently took over my largest debt which was to a bank.

 

They have asked me to contact them to try and arrange a new payment amount, or alternatively to contact them whereby they may be able to give me a settlement figure.

 

As the debts go back before 2007 can I ask them to supply me with a copy of the original terms and conditions?

 

Any help would be gratefully received.

 

 

 

 

 

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Hi and Welcome to CAG...... I have amended your thread title.

 

If you could do a quick list of whats owed to who and amount and date of agreement and last payment date and type of debt...we can take it from there and you  can create a new thread for each debt as it progresses.

 

Regards

 

Andy


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Hi

 

Thanks for the response. Here is my list with figures rounded:

 

Capital One Bank £10500

Barclaycard £10500

M & S Bank £6000

Lombard £2000

Monument £4000

MBNA £22000

Natwest £44000

Natwest Loan £10000

 

Total £109000

 

A friend used to help me with these, unfortunately we lost contact so am on my own with this.

 

They are all from 2003. I still make a monthly payment to each one and have done so throughout.

 

People have advised me in the past to go bankrupt however I did not want to put my family through that

as losing the home was bad enough.

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Are they all still with the Original Creditors or have any been assigned to a DCA.....actually sold not just collecting on behalf?


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 OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

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Most have been sold on to other companies.

 

The Natwest Bank one has been passed to a DCA

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so thre only one that's not coveredby the consumer credit act is the NW OD?

whats the M&S bank debt an OD TOO?

 

 


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 MS Bank was the old Marks & Spencer charge card.

 

The Natwest Loan has not been passed to any other party.

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