Aged Debts

[tedney]

Hello Fellow Caggers

I got into debt in 2008 and with help from the CAB created a plan to repay the many creditors so much a month.

I have had a few threads on here over the years, about some particular creditors, which helped me too.

I had one CCJ which resulted in a small monthly payment which I am still paying.

I also had a charge put on my property by another creditor, which has now been paid and the Land Registry charge lifted.

 

Currently apart from the CCJ payoff,  

I am left with paying

4 credit cards,

1 debit card and

1 loan

all of which I have been paying the historic nominal sum monthly.

The CCJ was obtained by Link, who regularly send requests to increase the monthly payments which were agreed by the court!

The debit card and 2 of the credit cards have been “sold off” to DCA’s, the loan and the remaining 2 credit cards payments are still being made to the original issuers.

I receive regular statements from these issuers, but not from the debit card issuer and the sold off credit cards.

I am moving from the address that all the creditors currently have.

I still cannot afford to repay all creditors in full.

My question is:

If I advise all creditors of a change of address, do you think they will now chase for full payment?

Should I only advise the original creditors and not the DCA’s?

Should I advise Link of the change!

Should I stop paying some or all (except the CCJ)?

Would any changes show up on my credit files?

None do at the moment.

Thoughts and advice would be welcome.

Thank for reading!

t

[dx100uk]

you MUST update everyone.

not sure why you are paying a debit card debt - i will assume you mean you have a bank account Overdraft the card was linked too.

pers id stop paying everyone bar the judgement CCA.

then await the deforestation to your new address.

and keep us updated from there on each debt.

all you've done is blindly run the statute barred date to infinity.

and been cash cowed blind as well

 

dx

 

[tedney]

Thanks for your input DX.

The debit card was an Amex not attached to anything.

I will follow your advice and stop, and advise all of change of address,

I have a PO Box number at the moment for surface mail, as I have yet to move into new accommodation.

I will provide the Box number to all parties, including Link with the CCJ.

Am I correct that I have to advise the court of this change too?

Thanks again

Another question please?

Do I send change of address to the original creditors, to whom I have been paying, or the DCA’s who chase? Thanks

[AndyOrch]

Depends if the debt has been assigned and the OC is no longer connected.

[tedney]

Thanks Andy.

Forgive my naivety, not sure if debts have been assigned or not.

I am paying the original creditors, with the exception of Link with the CCJ.

I get statements from most of the original creditors, with the exception of the Amex charge card (sorry not debit as previously stated)and Amex credit card.

I have had recent correspondence from Amex stating that they have “Referred to External Collections Agency”.

I get offers to repay from AIC for both the Amex charge and debit cards. I am paying Amex not AIC, AIC letters reflect my payments to Amex.

I had 2 credit cards from NatWest, a Mastercard. (originally ACCESS when taken out!) and Visa.

I pay NatWest for both, but only the Mastercard is being chased by a DCA, I get monthly statements from NatWest for the visa, but not the Mastercard.

The remaining loan and credit card are both Barclays products, and they send regular statements for both, which reflect the payments.

do I send change of Address to Barclays, AIC and NatWest, and Westcot who are ”working on behalf of Cabot Financial Europe Ltd - RBS” for the NatWest Mastercard account and not Amex, even though I have been paying them?

Thanks

[dx100uk]

the debt OWNER.

AIC/Wetcloths, dont buy debts

but the likes of CABOT do.

 

 

 

 

[AndyOrch]

You can always check your credit file and see who the named debt owner is.

[dx100uk]

probably defaulted and removed years and years ago..never to return.

 

looks like only bought debt is cabot.

the rest are still with the oc's?

 

dx

[AndyOrch]

I'm not referring to a default marker.....if Ted is making payments it should still report on the credit file.

[dx100uk]

surely if a default notice was issued more than 6yrs ago the debt cannot now show ...??

[tedney]

None of the debts are showing on my credit file, they have not shown for years.

I have always paid to original creditors, never to others, so even though Amex writes “ accounts have been passed to a specialist agency who will contact you (sic) shortly regarding the options available……… to address the outstanding balances” (This was sent in 12/2021)

I should stop paying and write to Amex not AIC, who have only written to me about the credit card not the charge card since then, although they were writing to me about both accounts before the 12/2021 letter from Amex

Interestingly both the NatWest credit cards, even when they were current and being used, never were included on any of my credit files, not even when they were defaulted!

The Cabot bought account is being paid directly to the OC NatWest.

[dx100uk]

AIC dont by debts

write to their stated client.

have you ever had any statements from anyone??

esp cabot 

3 hours ago, tedney said:

Cabot Financial Europe Ltd - RBS” for the NatWest Mastercard account

i doubt anyone will have signed agreements from when you took all this aged credit out now.

 

dx

 

[tedney]

Hello again dx

Amex have not stated AIC or anyone as client they just sent a “Notice of Referral to External Collections Agency” and within the text of the notice

“This account has been passed to a specialist agency who will contact you (sic)……” No one other than AIC has contacted me about these accounts.

Two notices were sent, one for the charge card and one for the credit card. Both had balances indicated there in.

Before the notices received in 12/2021 I had correspondence from AIC about the both accounts, and after the notices I received 1 letter about the credit card from AIC, nothing about the charge card. So I am assuming that I write change of address to Amex?

No statements from Amex, Wescot/Cabot, and Link/CCJ. Only statements from NatWest Visa - monthly, and Barclays - card and loan, 1/2 yearly.

All accounts opened pre 1990 at least, Amex in 1977!

[dx100uk]

an OC does not have a client dca, other way around 

#write to amex the debt owner.

 

as for the others

if you want to send a cca request where applicable do so.

no-one will have agreements of that age.

= no debt!

 

dx

 

[AndyOrch]

19 hours ago, dx100uk said:

surely if a default notice was issued more than 6yrs ago the debt will not now show ...??

 

Correct if a default notice was issued...not all OC issue default notices or assign debts some mark accounts with AP

[tedney]

Thanks for that dx.

Does it matter that I may have requested a CCA many years ago, and perhaps received one/some back then?

Apologies, but please clarify “ an OC does not have a client DCA” I don’t understand, sorry!

Thanks Andy, but please explain “AP” ?

[AndyOrch]

AP = Payment Arrangement which can stay on file and be reported way past 6 years.

[tedney]

Thanks for the explanation Andy, there are no such arrangements showing on my credit files.

 

[AndyOrch]

Good, all things to take into consideration with debts....you cant always presume a default notice was issued or whether its been assigned or not or whether its still showing on your credit files or not.

[Nicky Boy]

Thread re-opened.

[BankFodder]

We have just received a report from you giving an update. 

Will you post the update on the forum and not in the report so that we can all see it and help 

Thank you

[tedney]

As Post #2 on this thread, I have taken action on each account.

I am still waiting for some responses.

I have been advised by most that they cannot provide the card agreements.

It has taken some providers a very long time to respond!

Natwest Visa have stated that the agreement is "unenforceable" but if they "do not receive the required payments as requested on the monthly statements" (yes they are still sending monthly payments, albeit to the wrong address!) "we (sic) may take such action as is legally permitted to pursue the outstanding debt"

Any comments and/or ideas please as to what action might be expected?

Thanks

t

[lolerz]

No CCA = No Pay.

NatWest is nothing more than an idle threatogram. They MAY take action (Hint: Without a CCA they will lose).

Ignore until/unless you ever get a letter of claim, then come back here.
 

[dx100uk]

number of debts now that are unenforceable must be mounting up.

how much £PCM have you stopped paying now in total and how much total debt does that effectively wipeout till they comply (pigs might fly too!!)
 

[tedney]

Stopped paying total £67.35 pcm. on 5 debts

Still paying £21.03, on 2 debts,

1 of which is under CCJ.

Debts wiped until comply = £18,436,

this excludes debt that was subject to Charge on house.