Best way to approach DCA for payment plan

[dortmund 1]

I'm finaly in the position to start the process of saving for and then buying a house.

However, I have a few old debts hanging around my neck that i'd like to get rid of.

 

None of the DCAs are really chasing me, and none have given me a part settlement offer in over a year.

Whats the best way of going to them to set up a payment plan?

 

For example, one of them sent me aletter over a year ago with a 60% off offer.

Obviously this was only valid for 28 days, so its no longer valid; but i was thinking of giving them a call and saying im no able to take them up on their offer.

[brassnecked 1,861]

How long have you had them debts and what are they for, have you acknowleded them or paid anything on them recently?  Don't go paying a DCA willy nilly, and a part payment won't improve your Credit score in any way.  Is the one that sent you a part offer on a debt that is nearing 6 years with no payment? and which DCA's are you talking about?

[dortmund 1]

Yes, been giving them both a £1 payment since 2015.  They've both responded to a CCA request at some point

Edited April 13, 2020 by dortmund

[brassnecked 1,861]

So you are paying £1 a month  on them, could you list the debts and the DCA please? When were they originally taken out and wat date were they defaulted?

[dx100uk 9,636]

who says the CCA returns were enforceable?

 

a DCA is NOT A BAILIFF

and have

ZERO legal powers on ANY debt.

 

dx

 

 

 

[brassnecked 1,861]

We need detrails of the debts and dates taken out

[dortmund 1]

Lloyds CC £2800, Wescott

Virgin CC £3400, Moorcroft/Arrow Global (No notice of default supplied by DCA yet). Moorcroft offered £1300 in Feb 2019

 

Both taken out in 2013, both defaulted in 2015, paying £1 ever since.

 

Edited April 16, 2020 by dortmund

[dx100uk 9,636]

Lloyds card still owed by Lloyds so pay them directly ignore wetcloths totally

 

can we see the cca return from arrows for the MBNA card (PDF only read upload)

[London1971 1,100]

On 13/04/2020 at 23:13, dortmund said:

Yes, been giving them both a £1 payment since 2015.  They've both responded to a CCA request at some point

Hey there not criticising you but who gives out this advice to keep paying off DCA's, even if it's just £1 per month. It's just about the most damaging thing anyone can do in your situation. All you are achieving is running out the statute barred clock to infinity. Is it other web sites? the CAB?

 

In my opinion DCA's should have to clearly explain the rules on Statute Barred upon buying a debt.  

[dortmund 1]

CAB advised me to reach out to the banks and set up a £1 repayment plan and freeze interest until im in a better situation financially.

 

The Lloyds CC, the £1 payment goes directly to Lloyds, not Wescott.

Same with Virgin, payment goes to them, not Arrow/Moorcroft.

 

I'll look into the PDF upload. Not to good with PCs and wil ave to borrow a mates scanner. Not sure i can do that with Covid and that.

[Bazooka Boo 3,036]

Can you take a photograph of it with your phone or camera and then upload to PDF that way?

[dortmund 1]

Just had an alert from Credit Karma about a search on my account. I've logged on and can see Link Financial have done a hard search on me. I do have an account for them on my file.

 

Are they allowed to run hard searches on me without consent from myself?

[dx100uk 9,636]

yes , they inherited the rights from the original creditors whrn they sold the debt

can't hurt you anyway

 

whats the debt all about

i've merged and old thread of yours

re-read from post 1

they are not list?

 

 

[fkofilee 1,341]

All DCAs do soft searches. What is the entry type - Can you paste it here from Credit Karma?

[dortmund 1]

Different debt entirely, hence the new thread.

 

This was a soft and a hard search.

 

Soft- Affordability

Hard-  debt collection search

[fkofilee 1,341]

You have rights to complain about the hard search 

 

all DCAS DC Searches should be soft searches only and should be only visible to you, the CRA and the DCA. This situation contravenes that and is an error. Id raise a formal complaint with them.

 

 

[dx100uk 9,636]

32 minutes ago, dortmund said:

Different debt entirely, hence the new thread.

 

This was a soft and a hard search.

 

Soft- Affordability

Hard-  debt collection search

the thread is about yours debts not 'a' debt

 

i was simply pointing you that to date there is no debt here you've indicate before was anything to do with link.

i wonder if one of them has now been sold on?

or do you know what debt they have already.?

 

if they own a debt now, they are entitled to search your file soft or hard.

 

[dortmund 1]

So they are entitled to do a hard search, but I've got rights to complain about it?

[dx100uk 9,636]

not if they own a debt .....do they?

do you know what debt this is they are chasing, have they or the OC written to you of recent about this debt?

[dortmund 1]

They own the debt yes. They write to me every year with a statement.

[dx100uk 9,636]

hey got there

can we continue the teeth pulling...for information then?

 

what is the debt type and who was the original creditor?

when did they buy it?

when did you last pay it?

is it defaulted on your credit file?

[Bazooka Boo 3,036]

Tumbleweed .......

[dortmund 1]

Debt type, credit card

They bought it about five years ago

last paid it two years ago

Default drops off in one year

 

I've let it run a few months now, and they are doing a hard and soft search at around the same time every month. They've done it in Jan, Feb and Mar.

[dx100uk 9,636]

can't hurt you.

is this the MBNA card one?

 

dx

 

[dortmund 1]

Can i go to them to ask them to stop running hard searches? Can I get them removed via Transunion?

This is the MBNA card yes, sold to Link many moons ago.

12 month left to go on my credit file, so one last ditch attempt to get me to contact them no doubt.

 

Im applying for mortgage in 4 weeks, thats the only thing that worries me.

Edited March 24 by dortmund