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dellnasnoods

Debt Help Required Please

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Looking for some help please.

 

Due to being made redundant in 2016 I fell behind with my debts and am looking for some advice on how to deal with it.

I'm self employed now but don't make near enough to clear these debts or pay more than currently paying.

 

My wife works so the mortgage is up to date as are all other household bills, its just debts I have personally ran up in my name only.

 

All debts are unsecured and I have been making monthly payments for the last couple of years and also accepted discounts on a few that have been partially cleared and no longer due.

 

Outstanding Debts are as follows.

 

Creditor Debt Collector   Debt Type   Settlement Offer 15/10/19   Monthly Payment
American Express Allied International Credit   Credit Card £2,889.04 £1,428.02   £11.00
Argos Lowell   Store Card £2,697.00     £8.00
Barclaycard Robinson Way   Credit Card £2,308.87     £7.00
Capital One Fredrickson   Credit Card £3,092.71     £11.00
Creation Consumer Finance Lowell   Loan £12,654.00     £40.00
RBS RBS   Overdraft £6,394.77     £20.00
RBS RBS   Loan £24,556.00     £78.00
TSB Moorcroft   Credit Card £4,716.98     £15.00

 

I have not got any more than 50% early settlements on other debts I cleared

and am wondering if I can push for more discount and what do I need to write to the debt collectors.

 

Will the RBS accept a request for early settlement as no debt collector is involved with them.

 

I don't have the funds to pay off all debts but family have offered to help if I can get better discounts.

 

Any advice would be greatly appreciated.

 

Many Thanks.

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Payments plans set up ? Paying directly ?

 

You could write explaning your current self employed earnings position and ability to afford repayments. You could ask them, that if you were able to borrow a sum from relatives or friends, how much as a full & final settlement would they be willing to accept. 

 

They are quite big debt amounts and they will probably know you have equity in property. So they might want to play a longer game.

 

 

 

 


We could do with some help from you.

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Hi and Welcome to CAG

 

 

Creditor Debt Collector   Debt Type       Monthly Payment
American Express Allied International Credit   Credit Card £2,889.04     £11.00
Argos Lowell   Store Card £2,697.00     £8.00
Barclaycard Robinson Way   Credit Card £2,308.87     £7.00
Capital One Fredrickson   Credit Card £3,092.71     £11.00
Creation Consumer Finance Lowell   Loan £12,654.00     £40.00
RBS RBS   Overdraft £6,394.77     £20.00
RBS RBS   Loan £24,556.00     £78.00
TSB Moorcroft   Credit Card £4,716.98

 

 

The ones I have marked in red above (Assigned Debts)you need to send a section 77 (Loan) and 78 (credit card) requests.

Follow the instructions in the following link...

 

 


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

 

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pers id be sending a CCA request on every debt listed here bar the OD

 

who even says they are even enforceable??

 

dx

 


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Better to deal with the DCA ones first which have been assigned...baby steps first post.


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

 

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Thanks, I'll get on to that and post an update.

 

I pay the agreed monthly payment on 1st of the month, should I hold this back for now?

 

Cheers

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No...not until they respond to your requests...if they can comply we will advise further.


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

 

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They have 12 +2 days to comply from receipt of your requests.


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

 

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

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Depending upon who owns the debts that have been assigned can make a big impact as well. Lowell tend to be OK as in they can legally issue claims but the likes of Link I believe and cabot financial (uk) are unlicensed and don't like defended claims. So sometimes it depends on exactly who owns the debt. I had several Cabot Financial (uk) debts with proper copies of signed agreements go statute barred .

 

I am sure Andy will know some of the legal arguments 


Any opinion I give is from personal experience .

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both link and cabot are covered by the relevant group owners' licence.

 


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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I don't think that is necessarily true but I can not post any relevant links on here. My belief is that certain debt purchasers are busy restructuring their debts so they are owned by regulated companies. 

 

I know just because one lawyer lost on that argument, I think another solicitor won and at a level that makes it binding. Sadly they were not reported 


Any opinion I give is from personal experience .

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Well the first couple of replies in, any advice on these?

 

Cheers

 

 

docs1.pdf

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Well both are goodish news. They have received and passed on. Now it’s a waiting game. I think it was disingenuous or RW to say they had to cancel your arrangement but there again it stops you having to do it. 
 

Just as an aside, I would also obscure the amount as we know these people trawl these sites and dates and amounts would mean they would be able to connect the dots. 
 

There was a relatively recent case where a debt purchaser put a whole thread into their witness statement. 


Any opinion I give is from personal experience .

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ive redacted your docs properly now

as we advise NOT to use a felt pen as we can see straight thru it!!

 

they've used CAG threads for years.

doesn't help them.

 

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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The other problem with felt tip pens, if they are the originals and then have to be put in front of a judge ...
 

I think in the case I mentioned, they tried to use the thread as proof of admitting the debt. Remember LiPs can be very seriously disadvantaged if it gets to court. Depends on the judge and if they put anyone up 


Any opinion I give is from personal experience .

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On 01/11/2019 at 18:01, dx100uk said:

 

 

ive redacted your docs properly now

as we advise NOT to use a felt pen as we can see straight thru it!!

 

they've used CAG threads for years.

doesn't help them.

 

dx

 

thanks

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Two more replies from Lowell, see attached.

 

Are they saying that I don't have an agreement with them! do they own the debts, is this why they are obtaining the agreements from Argos and Creation?

 

Thanks

051119_Low_Arg_Cre.pdf

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Whomevwr owns any debt

Must hold an enforceable agreement

so thats why they've asked the OC that sold them the debts for them.

 

Please start reading up.....u

 

once they fail 12+2 working days to provide it

you stop being fleeced by them by stopping payment s


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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Remember they do not need to provide a signed copy just a copy of what you would have signed. They also need to provide all relevant T&Cs at inception and default along with a signed statement of what you owe. If the debts were pre April 2007 they need a bit more to enforce.

 

But remember there is a lot more to unenforceability than just the agreement 


Any opinion I give is from personal experience .

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to be compliant with the CCA they could use a reconstruction, but it still must contain all the prescribed terms and as above all relevant T&C's sets.

 

if the agreement was signed prior to the changes in the act late 2006 which became effective APR 2007, they must produce the signed agreement, the change are not retrospective.

 

An deemed enforceable agreement under the CCA, reconstructed or otherwise, does not mean it is necessarily enforceable in a court of law...that is an entirely different matter.

 

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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The debts are all post 2012.

 

Thanks

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so most likely online tickbox agreements then?

they didn't post anything to you to sign?

 

 


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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credit cards would have been done online, creation loan done online, bank done in branch.

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well you know what to expect now.

 

online  stuff is a bit diff to wriggle out of using paperwork errors

but lets see.

 

as for the bank

you would have signed the agreement

so that needs to be forthcoming.


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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