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Ecker

Natwest overdraft debt.

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for the OD or the loan?

 

dx

 

 


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For the OD.

 

BTW Natwest only wrote to me about two months ago to say they were passing the debt onto a

DCA. That is the first I have heard on the OD for over 10 years - no monthly/annual statements. As mentioned previously 

I have been making monthly payments throughout the period. Can this be classed as Statue Barred?

 

On the £10k loan they have sent statements around every 6 months or so. I presume this stilll stands?

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own thread created

use this for you NatWest OD debt only.

 

cant be SB 'd as you've been paying it.

 

await all the statements.

 

how much is owed

and when did you take it out please

 

 


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Hi sorry for delay in replying.

 

Stared paying back in 2003 and currently £44000 outstanding

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how did you get a £44k OD 

did you apply for that???

 

dx

 


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Quote

" it got to that level as I was using the OD to keep my business afloat. None of the debt was classed as business loan etc."

 

 

We could do with some help from you.

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Yes, as mentioned I was tapping into it to

keep my business afloat.

 

As previous post, should I respond to the DCA or ignore it?

 

TIA

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Saying I have requested SAR directly to Natwest

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ignore the DCA

they are not bailiffs

and have

zero legal powers

and

don't even own the debt anyway.

 

deal directly with NW


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1 hour ago, Ecker said:

Saying I have requested SAR directly to Natwest

 

Thats none of their business....may as well tell your postman also if you intend to tell MC about making a SAR request.


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I have received SAR documentation now. What is the next step in the procedure please? TIA

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Received the statements now from Natwest but not had chance to go through properly yet.

 

In meantime I have received letter from DCA.

They have said that as they have not received any contact from me they have reverted back to Natwest.

 

They have said to contact them to prevent further debt recovery action being recommended,

their client has informed them they may be able to offer a substantial discount from the outstanding balance.

Stating that if I were to pay an acceptable lump sum within the next 14 days they would not pursue the remaining balance of the debt.

 

I am not in a position to offer them any lump sum ,

however a family member has said they may be able to help,

but their funds are very limited. 

 

Does anybody have any idea of the sort of percentage to the £ may be considered?

 

Any advice would be greatly appreciated.

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why?

 

something smells here 

that sar will be the key...


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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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I've got the SAR and the statements but cannot find anything as such

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Do I continue to ignore DCA letters?

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as said 3 times now

Moorcroft do not buy debts

they only chase for their client

natwest

and anyway no dca has any legal powers they are NOT bailiffs.

 

the balance must be made of a significant level of unlawful OD fees 

that's the discount offered.

 

are there letters to advising you of upping your OD bal and you accepting it?

 


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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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Thanks for that.

 

There are no letters at all about upping the OD or me accepting it.

 

Last correspondence on their file (04/06/2011) says : customer offered £100 on £46k debt saying this is not feasible thus no deal applicable on this outbound call.Customer says he is dealing with third party who will send repayment offer in shortly.

 

 

 

 

 

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You need to allocate a couple of hours to go through those statements, calculating all of the late payment fees, administration fees for sending letters etc, then running it through one of the Spreadsheet tools available here in order to determine interest. Bet that will take the balance down by a fair amount.

 

Based on my experiences with banks (inc Natwest) just keep paying the 100 per month as you have been and ignore anything that isn't a PAP letter.

 

Even if you ended up with a CCJ (they have to win one first), you don't own a home, so there's not really much they can do to you other than a judge looking at your income and asking you to pay probably less per month than you are already.

 

Which is why I don't think this will go beyond strongly worded letters.  

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Many thanks for that. I shall crack on with that over the next few days.

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