dca's and intrest charges

[ricky1]

hello

 

i have been sent today a letter from blair oliver and scott re a hlaifax credit card that i have havenot paid for other reasons etc

 

what i would like to know is now the account is with BOS does that mean halifax will no longer charge me intrest on the account??

 

Thanks

[mrmarmite]

no they wont BUT some DCA's have been known th charge 8% interst, 1st thing you need to do is send a CCA request with £1 postal order by recorded delivery to BOS template letter on this site some where, make sure at top of letter is says !I do not acknoledge this debt"

[rory32]

BOS are Halifax's in-house debt colectors. It is highly likely that they will continue to charge interest of some sort.

 

As previously stated send them the CCA request. Do not sign the letter.

[mrmarmite]

rory just thinkin about a barclay prob and mercers.

will BOS ask for some dosh and send it back to halifax? like mercers do

 

ricky1, is this a case of you just can't afford the payments any more/finance prob that you can resolve.

 

if prob you can resolve in time WRITE to BOS do NOT telephone and explain you having some probs and enclose a token payment.

 

if can NO longer afford payments again WRITE letter explaing it yet again enclosing token payment, in both cases "request" that you will only communicate by letter NOT telephone.

 

as rory has said (soz i didnt know) BOS an inhouse DCA so could well charge interest, most external DCA's don't charge interest but there are some that do

[rory32]

will BOS ask for some dosh and send it back to halifax?

They usually don't send accounts back as they are part of the same group, but sometimes they do.

 

As mrmarmite states enclose payment with any reduced offer of payment. Once they bank the payment they have legally accepted your offer even if they then send you a letter saying it's not enough. Banking of your payment is legal acceptance.

[mrmarmite]

i only thought bout it coz mercers asked for token payment and said they pass back to barclay card, I only guess it coz so b-card can dump more chrages on account

[ricky1]

its not that i cant afford it etc,

 

the account was ment to have been on a repayment plan etc were they agreed not to charge me any charges or intrest,

 

i stuck to my plan with a standing order for each month but they didnt,

 

so the start of the year i called them complained to just get ignore so i have chosen to stop paying them untill they respond

 

i have request in the past from halifax the cca and for my statements they have sentme my agreement which is correct as i changed my signiture after singing that agrement

 

but have not seen my statements as of yet.

[mrmarmite]

ok. so in effect "no payment" they have now responded good.

WRITE letter to them, TELLING them that you will continue to pay £xx.xx pm. make notes of cheque numbers (in case needed for future use ) me personaly would run risk of them not charging interest and charges, as they are a DCA they can only charge a MAX of 8%. should they attempt to charge you thats easy, take em to court and claim em back with the 8% interest you are LEGALLY entited to charge. put in letter that you will maintain regular monthly payments of £xx.xx. as said before NEVER phone them, dca known to go back on telephone agreements just to squeeze a bit more dosh outta you, simple don't let them, at end of day they only a business, they are not the law. they have no rights to demand anything, take stock and CONTROL. do not let yourself be dictated to. i been down this road several years ago. got worried and stressed and panacked, not any more,

[ricky1]

cheers for the help

 

will see what they play at first, they have sent me a letter saying contact them, but like hell am i phoning them

[Varangian3]

 

so the start of the year i called them complained to just get ignore so i have chosen to stop paying them untill they respond

 

Ricky

 

Don't ever do this. If they go for a CCJ that will be to pave the way so that they can get a Charging Order placed on your property, meaning that if you sell your house they can get full payment from the proceeds, regardless of how little they paid for the debt.

 

To get these things through the court they will try to claim that you have been uncooperative, and in my case the courts accepted this without a shred of real evidence. This is why you must always deal in writing and never on the phone. Always pay something each month, even if this is a token £10. Keep records of everything and make sure that you have clear documentary proof that you have corresponded and that you have maintained regular payments. This will be powerful evidence if they ever take you through the courts.

 

Hope this helps

 

V.

[ricky1]

cheers m8 the best part is they cant take my house as im rentingfro the local housing,

 

i will be writing back to them telling them they might want to responed to the letters with there reff number they have supplied, and see how iget on

 

all i want is them to stick to there agreement of not charging me intrest, so now its with temthe DCA i wanted to know if they will still chearge me intrest