been paying my debts since 2011.....

[radmm0]

Hi guys

 

I have a number of large loan & credit card debts that I've been paying off by the absolute minimum amount since 2011. 

We lost our business & home and have been renting since. 

 

None of the debts are with the original creditors now, but they have been doing the usual 'pass-the-parcel' merry-go-round for the past 8 years and have settled with the likes of CapQuest, Intrum, Cabot, CDCS, PRA Group, NCO Resolve & Moorcroft!  They also very regularly send 'offers' of settlement with up to 70% discount!

 

Over the years some have been sending irregular 'statements' and most nothing at all.  Every so often some contact me to discuss the repayment 'plan'.  A couple, including NCO Resolve, keep asking for an updated Income & Expenditure sheet and even a list of ALL my creditors + what I owe & pay each of them.

 

I always reply with the same letter or email (never phone calls) explaining my situation and the fact that I pay ALL my creditors the same monthly amount.  However, I never send them an I&E sheet or list of creditors.

 

So, my main question is; Is it ok not to send the requested details, as I was once advised that only a court can ask for them?

 

Thanks & regards.

 

radmm0

 

 

[fkofilee]

Yes its fine - They are not entitled to the information in anyway.

But some people find that sending helps their case.

[dx100uk]

I hope you've CCA'd every single one of the debt owners before blindly paying up?

 

or continuning to blindly pay?

 

dx

 

[radmm0]

 

Thanks as usual guys.

 

CCA'ed them in the early days & they all have an original copy, unfortunately!

 

How & when does a debt become 'statute barred'? 

Would any of my debts qualify as such, as all are more than 9 years old (since I defaulted)?

 

Thanks.

radmm0

[dx100uk]

you've blindly been paying them

running SB to infinity.

 

when did you CCA them?

and who said they were enforceable?

 

cant see any relevant threads of yours containing this info here

[London1971]

Unfortunately a debt only becomes statute barred if it’s 6 years after you stopped paying them.

 

It makes me incredibly angry that people in

Your  situation are not made aware of this by law whenever a DCA purchases a debt.

 

Each time you pay them the SB clock gets reset. That’s why I wouldn’t pay them a penny. Rent, food and bills are your priority. Not this bunch of leeches.

[radmm0]

I guess I have.

 

CCA'ed in 2012

 

Judging by the comments, I need to re-start things & check the CCAs they sent me.

 

We've moved a number of times since losing our home & unfortunately a lot of the earlier paperwork has been stored in relative's lofts & garages.  So, will have get them all back & take a fresh look.

 

Thanks again  DX100uk & London1971 for your guidance.

 

[dx100uk]

it would be much better to forget the past and CCA request everyone you are currently still paying

 

[radmm0]

@London1971 You're absolutely right.  I was advised by the local CAB office all those years ago for our house repossession & personal debt issues.  We were definitely given the wrong advice about the direction to take with the house and had to sell it in the end due to their 'wrong' advice and now realise that we were also given the wrong advice about how to deal with my debt.  Shocking.

 

Does one stop paying all of them?  Wouldn't they have a legal right to take me to court to get 'their' money?

 

I so believe that our Consumer Credit Laws & Private Rental Market are in need of a major shakeup.  The sooner the better!

 

Thanks again for your help.

 

Rgds.

radmm0

 

@dx100uk Will be doing that when I get all the paperwork back from our relatives.

 

Does one send the CCA letter & SAR to:

 

a. the current DCA

b. original Creditor

c. both a & b, or

d. ALL the DCAs involved with each debt & each original Creditor?

 

Thanks dx100uk.

 

[dx100uk]

as I said

you CCA whomever you are paying.

don't wait do it tomorrow

you don't need you old paperwork

the quicker you do it the quicker you can stop paying when any fail the 12+2 working day time limit to comply.

 

sar always goes to the original creditor but i'm not sure of why you need to do that unless you are looking to reclaim penalty charges.

 

dx

 

[London1971]

I'm hearing this about the CAB from others too, I'm just not sure where they come up with this stuff. Yup I know the moral argument about paying back debts etc but surely they must know how DCA's work and that once a debt has been sold on it can be detrimental to pay it back.

 

As for taking you to court, it might happen at some point over the next 6 years, or might not.  Often if they can't come up with a CCA and write to you telling you it's unenforceable. This is why you make sure all of your creditors have your current address so that if you receive a claimform, you will know about it so can defend yourself.  Most CCJ's are issued because the form goes to an old address, judgement by default.

 

To give you an idea though, between me and my wife we had 25 defaulted debts, I didn't pay any of them a penny. We ended up with 4 CCJ's, all of those were avoidable if we had given them our correct address.

[dx100uk]

open