Help!! 45k debt mountain!

[DebtFreeMO]

Ok will do.

Thanks

[DebtFreeMO]

Please advise.

My last credit card payments were made in December 2022. My credit file shows that I have defaulted on all 5 credit cards but I have only received one default notice from Santander. You have previously advised me to ignore Wescot/2F, which I have done. Is it unusual to not receive default notices from my other creditors?  

My MBNA debt has been sold to Cabot Financial. Is this the time now to use one of the template letters? 

Just for clarification, this is where I'm at with my 5 cards -  

Halifax credit card x2 - no default notices received, no contact from any debt management agencies,  no phone calls or texts
Capital One CC - no default notices received, no contact from any debt management agencies, no phone calls or texts
MBNA CC - no default notices received, but debt has been sold to Cabot Financial, advice on next steps?
Santander CC - default notice received, debt being managed by Wescot/2F, ignoring them for now as per your advice

 

My wife's current situation -

Virgin Money Credit Card x2 - no default notices received, but debt has been sold to Intrum UK Finance/ Capquest, advice on next steps?
Halifax  CC- no default notices received, no contact from any debt management agencies, no phone calls or texts
Sainsburys CC - no default notices received, debt is being managed by Past Due Credit Solutions, not sure if sold or just being managed by PDCS, should we engage or ignore?
Halifax overdraft -  no default notices received, debt sold to Cabot Financial, should we send template letter?

I can upload letters should you need to review. 

Bit concerned that I don't have any other default notices. I'm fairly organised with the letters we have received so far and I'm confident that we haven't lost any.

[dx100uk]

typically if a defaulted date appears on your credit file, then you should be issued with a default notice UNLESS it something nor covered by a credit agreement like mobile debt etc.

if its covered by the Consumer Credit Act 1974 then the original creditor must send a default notice giving you 14 days under section 87

wait for cabot to send you a letter of claim on both this and the OD.

2 hours ago, DebtFreeMO said:

Virgin Money Credit Card x2 - no default notices received, but debt has been sold to Intrum UK Finance/ Capquest, advice on next steps?

intrum are nothing to do with Capquest and are not part of the arrows group. who is the notice of assignment from..scan it  to PDF?

2 hours ago, DebtFreeMO said:

Sainsburys CC

if a debt has been sold you'd get a notice of assignment.... PDC dont buy debt and their letters say sainsbury is our client i bet

until you ever get a letter of claim on a debt you dont respond to anyone.

[DebtFreeMO]

MBNA and Halifax have sent a letter of assignment stating 'has assigned all of its respective rights, title, interest in respect of the above referenced account to Cabot Financial effective from 19th July'

We have then received a 'Welcome' letter from Cabot asking us to get in touch? 

Past Due Credit does appear to be part of Sainburys. I'll continue to ignore this one.

Also have received letters of assignment for the two Virgin CC's. Let me scan up the Capquest letter

 

 

The other Capquest letter is worded the same as this one.

Capquest - Virgin CC 19th August-redacted2.pdf

[dx100uk]

PDC are not part of sainsburys just a dca for hire. no dca's are owned by any major retail nor credit companies.

for those that have now been sold on 

sit on your hands till you (ever) get a letter of claim

as long as the OC had the correct address .

as for that letter 

do you not want to kill that barcode and its long number? 

you can read those with a phone camera and an app just like qrcode boxes

dx

 

[DebtFreeMO]

I didn't realise about the barcode. How do I remove the attachment?

If I do receive a letter of claim, is that the point where a token payment is offered? 

Thanks for the advice 

 

[dx100uk]

you dont.... put up a new version i'll swap.

PAPLOC etc...Nope you comeback here for advice as i stated.

 

[DebtFreeMO]

Here's the amended pdf, if you wouldn't mind replacing my original posting. Thanks

I've had two letters through the post today in relation to my Halifax credit cards.

Both have now been sold to Cabot.

At what point can I expect a letter of claim, if ever?

Do they follow a set process for each debt they acquire?

Should a letter of claim be sent at the beginning or is it sent after several attempts to get me to respond?

I'm just trying to figure out what to expect over the next several months.

I will also do more reading up on previous threads and educate myself on PAPLOC.

It's not a term I've heard of before and I assumed my next move was to offer a token payment.

Thanks again for the advice.  

 

 

[dx100uk]

as i said earlier typically you'll get a forest through you door before you get a letter of claim, if that ever happens.

if you hit letter of claim and READ ALL THE THREAD you get an understanding upon how to respond to a PAPLOC

till then simply ignore them.

 

[DebtFreeMO]

ok thanks, dx

 

[dx100uk]

and try and get the moneyback too!

your HR dept should not be blindly stripping money from your wages when they dont know where it is going.

get the payments back from them, not your problem to chase down chaps, they are ones that didit.

ruddy cheek!!

dx

 

[honeybee13]

Thread reopened.

HB

[DebtFreeMO]

Moorcroft are sending a rep round to my house this week.

What is the best way to handle this?

Ignore and not answer the door or engage with them?

I haven't acknowledged anything since I started on this journey and defaulted on my cards in December 2022

[jk2054]

pers id ignore them yep.

 

but dx should be along soon with another opinion

[dx100uk]

a DCA is NOT A BAILIFF

and have ZERO legal powers on ANY debt - no matter what it's type

most doorstepper threats are usually just that.

however if you want a good giggle if they do turn up to collect your doorstep.

get your phone.

film them

do not engage

simply state leave my property now and never return else i'll call police 101.

ideally you should have been reading up during this +18mts sage. then you'd already know.

dx

 

[DebtFreeMO]

Thanks dx and jk.  

I'll just ignore them.

I did check the advice given in other threads but wanted to be sure that was still relevant to my situation. 

Thanks again. Appreciate the support