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Need to sort out my Debts


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Hi everyone 

 

I’ve come into a bit of money and have decided to pay off most of my debts from my credit report.

I’m just after a bit of advice on how best to go about it.

 

I’m hoping I can do a full and final payment offer with most of them.

I’ll pay the full amount if I have to, but mainly want as much as I can paid off on the report so I can start building up my credit rating again. 

 

I checked credit karma and can find the following on my report. 

 

 

Capital One Credit Card 

£156.52

 

Vanquis Credit Card

£355.00

 

Ocean Credit Card 

£318.00

 

Instant Cash Loans

£492.00

 

NatWest Current Account

£468.00

 

British Gas - Gas Account 

£712.00

 

British Gas - Electric Account

£819.00

 

 

Now I can pay off the credit cards and payday loan happily. But the NatWest account is only overdrawn because of a package bank account fee. 

 

I told NatWest I didn’t want it anymore and they told me they will put me to a normal account. But they then charged me again the next month for the package account. I refused to pay because I didn’t want it and had already asked them to remove the account. 

 

But they kept charging me overdraft fees and that’s why it’s now £468.00. Surely I shouldn’t have to pay if it was there fault for putting me overdrawn. 

 

I can afford to give British Gas £90 a month to pay it off. But would that be enough to get an arrangement to pay on the credit report? And do you still get a bad point even if it’s an arrangement to pay? 

 

Any help would be much appreciated 

 

Andrew

We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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are all these defaulted?

are all these enforceable?

but it wont improve your score if they are defaulted

that's there for 6yrs regardless..

 

yes pay the util bills off

 

as for the OD ..if its made of their charges then stuff 'em.

id rather go on a holiday with the money..

i

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

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All of them except the Capital One card I’ve been paying that off over the last 3 months so it just saying late payment 4 months not defaulted. 

 

I believe they all are enforceable except the NatWest since it was their fault the overdraft fees have been added that put me in the red with them.

 

I want them to cancel the debt and remove it from the report since I never spent any money and they shouldn’t of been charging me for the PBA after they said they’ve cancelled it. 

 

And I know I can’t get rid of defaults but I don’t want anymore adding I just want to settle as much as I can as quick as I can so I can have a good credit rating again. 

 

I am right in thinking the credit report is a points base system where you are minus a point for each default you have each month and plus a point for each month your up to date? That’s why I just want to pay the debts of quick why I have the money so I can just get plus points each month and improve my credit score. 

 

 

We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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what you believe is enforceable and what IS should be 2 differing things check then each one , I will guess they are all PDL's?

 

the defaults you have will be killing your score

and regardless to paying a defaulted debt off, it does NOT improve your score nor remove the default.

 

as for running monthly markerson non defaulted debts, I very much doubt that's is having any effect upon you present credit worthiness or not.

 

so you do have existing/old defaults to run to 6yrs still showing at all?

 

if so I wouldn't rush to settle anything bar the utils debts. and are these still with BG or sold on.

you have time to do a deal with each lender....

the fact they might not have enforceable paperwork could knock £100's of a settlement

 

take your time

research properly

 

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

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Share on other sites

Hi dx100uk

 

Im not sure what you mean by are they all PDL’s currently none of the debts are chasing me or sending letters. 

 

And are you saying that even if I settle the debts so no more new default are being added. That won’t improve my credit score? If it takes 6 years for a default to be removed isn’t it better to have no more added to it? 

 

Also how can I find out if the debts are  enforceable. Do I need to write to the credits to find out what paperwork they have? 

We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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List your debts

OC

Type of debt

when taken out

current owner

defaulted date

Outstanding sum

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

Link to post
Share on other sites

Hi dx100uk

 

He is the information you asked for.

 

OC: Capital One 

 

Type of debt: Credit Card 

 

When taken out: 29/10/2017

 

Current owner: Capital One 

 

Defaulted date: Hasn’t Defaulted 

 

Outstanding sum: £156.52

 

———————————————————————

 

OC: Vanquis

 

Type of debt: Credit Card 

 

When taken out: 21/05/2018

 

Current owner: Vanquis

 

Defaulted date: 31/05/2019

 

Outstanding sum: £355.00

 

———————————————————————

 

OC: Ocean 

 

Type of debt: Credit Card 

 

When taken out: 09/09/2018

 

Current owner: Ocean

 

Defaulted date: 07/06/2019

 

Outstanding sum: £318.00

 

———————————————————————

 

OC: Instant Cash Loans T/A Payday Express

 

Type of debt: Payday Loan

 

When taken out: 22/01/2014

 

Current owner: Instant Cash Loans T/A Payday Express

 

Defaulted date: 04/06/2014

 

Outstanding sum: £492.00

 

———————————————————————

 

OC: NatWest

 

Type of debt: Current Account 

 

When taken out: 05/08/2003

 

Current owner: NatWest

 

Defaulted date: 30/04/2016

 

Outstanding sum: £468.00

 

———————————————————————

 

OC: British Gas

 

Type of debt: Utility Gas Account

 

When taken out: 01/08/2015

 

Current owner: British Gas

 

Defaulted date: 06/09/2018

 

Outstanding sum: £712.00

 

———————————————————————

 

OC: British Gas

 

Type of debt: Utility Electric Account

 

When taken out: 01/08/2015

 

Current owner: British Gas

 

Defaulted date: 06/09/2018

 

Outstanding sum: £819.00

We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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Ok good

Id pay everything off bar the OD and the PDL

Esp the utils mind

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

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Share on other sites

I’m not sure who you mean by the OD and do you want me to see if the PDL is enforceable or not pay it at all?

 

And what should I do about the NatWest? Surly there’s a case getting it wiped if the charges came from them charging me for a PBA that I had told them to close and they said they had. Also am I paying the credit cards back in full or trying to get a reduced settlement?

 

Thanks

Andrew 

We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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OD = overdraft. 

 

Ignore that for now

 

Doubt cards will negotiate any

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

Link to post
Share on other sites

Right okay so I should just pay the credit cards off and set up a repayment plan with British Gas. 

 

So what do I do with the NatWest and PDL? I’m assuming I’ll need to make a complaint with them to sort this all out. 

 

Thanks 

Andrew 

We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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3rd time...

Pay off the util bills 1st

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

Link to post
Share on other sites

Why them first? I’ve not heard anything from them for years and there not chasing me. I was thinking of paying them £90 a month so it says arrangement to pay on the report until it’s paid. Then If i pay of the credit cards I can get them back and get more points each month. Wouldn’t that be better for the credit rating. 

 

Thanks

Andrew

We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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Also I’ve just been looking at my bank and the default date for the British Gas is wrong. The last time I made a payment to them was the 03/04/2017 so the default should of happened on the 03/10/2017 not the 06/09/2018. Who do I need to complain to for this to be updated? 

 

Thanks 

Andrew 

We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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Current property utils debts?

Dx

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

Link to post
Share on other sites

Ok low payment offers then.

but get them to sort that default s. First!!

 

id clear the cards yes

 

 

can you go IRL complaint about the pdl?

 

 

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

Link to post
Share on other sites

Well If I pay British Gas £90 a month they’ll be paid off in about 17 months. That’s a long time but if it’s gunna effect my credit rating until November 2023 why bother paying it off early? 

 

Ive worked out too the PDL default will be 6 years old on the 22/01/2020 so is there a point even doing anything with it? If it gets removed after 6 years does that mean I won’t have to pay it back? 

 

Thanks 

Andrew 

We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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default dropping off on its 6th birthday

which removes the account and any DCA 'duplicates' of the same account from your file

doesn't mean the debt is not necessarily still owed no.

 

you are slowly realising the idea now of my earlier initial comment and its wider implications 

'go have a holiday'.....

 

there might well be otherways...such as for example again of using an IRL complaint for the PDL one..to counter the effects on you these debts have a p'haps strengthen your bargaining pot to good effect for future credit.

 

but yes ofcourse you need to consider where prevention of further credot file damage maybe mitigated by settling some of the other 'happy to date' credit or debts on your file

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

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