Getting myself out of debt

[Warwick65]

No you shouldn’t have two active defaults. I used to have two for some debts, one that said settled and one with an outstanding balance. It

ight be worth checking the ‘last updated’ date as it could be the OC has been slow updating. I have a live credit card that only gets updated once every 3 months or so

[debrag]

Debt 3 Very

Opened:	December 2016
Type:	Catalogue
Current Balance:	£767
Last payment:	£1.00 | July 2018
Last fill payment:	November 2017
Arrangement:	DMP / Not paying May 2018
Status:	Late payment / Default 02/19
Owner:	Very (NCO) / Lowell

2017
December - NCO letter, 'we are acting on behalf of Shop Direct'

2018
January - Very statement
March - NCO letter, Notice of Sums of Arrears under CCA 1974
March - NCO letter, Total outstanding letter
March - NCO letter, Confirmation of the following payment arrangement (£1)
May - NCO letter - Concerns regarding overdue account
June - Very statement
July - Statement received along with arrears letter and fact sheet
September - Credit limit has been reduced to £850.
October - Received secure letter via email / message on account letting me know 'we appear to have not received your most recent payment' and that I have £401.13 in arrears
November - Received secure letter via email / message on account letting me know 'we appear to have not received your most recent payment', overdue payment is for £426.80.
December - Received secure letter via email ;The Customer Arrears Support Team need to speak to you, please get in touch.' Overdue amount of £450.67.
December - Received secure 'please contact us' letter. 'You are seriously in arrears'.
January - Received statement. Balance £767.73, min payment £493.50, arrears £472.87

2019
January - Default notice received. In breach of arrears of £472.87 to be paid before 30th Jan 2019. Further enforcement action to be taken if not paid. Full balance is £767.73.
Februrary - Welcome letter received from Lowell, along with assignment letter from Very/.Shop direct
May - Received 'your payment is overdue' letter
June - Received a 20% discount offer.
July - Received an overdue payment letter
July - Another 20% off settlement letter received
August - Pre-legal assessment letter and annual statement received.
August - 2nd pre-legal assessment letter
August - Sent CCA request letter
August - Receive a £50 cheque for my complaint ??
October - Received CCA in the post

2020
February - Recieved letter from Lowell about repayment plans, suggesting £30 a month + annual statement.
March - Received offer letter from Lowell of 50% discount. Says I can set up a repayment plan.

Could I get a better offer? How low do you think I could get the monthly payments lol

[debrag]

Debt 1 Natwest Loan

Opened:	August 2016
Type:	Loan
Current Balance:	£4889
Last payment:	£1.00 | June 2018
Last fill payment:	December 2017
Arrangement:	DMP till May 2018
Status:	Defaulted August 2018

2018
March - Collections letter, i+e attached, ignored
April - closing of accounts letter, payment proposal form attached, ignored
May - Formal notice of intention to file a default
June - Notice of arrears in compliance with CCA 1974
June - Notice of refund of interest (£468)
June - You have fail to comply letter received
July - changes to ongoing management of repayment plan, partnered with Wescot, in touch within 14 days to management provider (no longer with them)
August - yearly statement received
September - credit report updated and loan is closed. Account defaulted August 2018

2019
August - Letter received from AIC they are now managing my account on Natwest's behalf

2020
January - Letter received from NatWest to say the collection agent they are now using is Zinc as their previous ones (I assume AIC) couldn't come to a suitable arrangement. I have been sent the same letter for all my 7 accounts! None are active, most were savings accounts and only 3 are on my credit report.
February - Received letter from Zinc balance of £5667.01 (OD & Loan combined). 'Time is running out' letter

Should I try for a very low monthly repayment or ignore till they suggest an offer?

[Joanna Connolly Solicitors]

Should I try for a very low monthly repayment or ignore till they suggest an offer?

Hopefully NatWest will soon assign this amalgamated account to a debt purchaser - ideally one that does not have FCA authorisation to issue legal proceedings

I can't see that you've sent a s77/79 CCA Request for this debt?

I'm not saying you should do that now, but it's important to know the facts before making suggestions as to whether you should, and the timing of this if you should.

Di

[debrag]

Hopefully NatWest will soon assign this amalgamated account to a debt purchaser - ideally one that does not have FCA authorisation to issue legal proceedings

I can't see that you've sent a s77/79 CCA Request for this debt?

I'm not saying you should do that now, but it's important to know the facts before making suggestions as to whether you should, and the timing of this if you should.

Di

So Zinc are not a debt purchaser then, they don't own the debt? I haven't sent a CCA request yet I was waiting for Natwest to pass the account on.

---

With everything going on currently, will DCA/OC chase for payment at these times?

[The Tech Clerk]

default dates???

[debrag]

default dates???

31.12.2019 for all.

[The Tech Clerk]

ah! new defaults then

[Warwick65]

Why did you think the defaults would come off in April? Defaults stay for 6 years from the date of default regardless of if payments have been made.

You say each account has two defaults?
Have they been sold on because if so, the default from the original owner should say settled. Remember however it can take up to 90 days for it to appear correctly. As an example, I recently closed an Aqua account and a Barclaycard account because of the punitive interest rates. Barclaycard is showing as settled but Aqua is still showing as active.

[Roger]

I suggest that you remove your screen dump of defaults obviously they can be identified and traced.
These show NOT a default end date but the date of last update.
I presume that Cabot own these?
However these twin entries (and there are 2 separate debts).
Each separate debt (and its twin) will drop off on the same end date!
Can't tell from this what that date is!
I suggest you do not take this up because this could restart the Statute Bar clock and be seen as acknowledging the debt!
BUT please remove the image!

[debrag]

No you shouldn’t have two active defaults. I used to have two for some debts, one that said settled and one with an outstanding balance. It

ight be worth checking the ‘last updated’ date as it could be the OC has been slow updating. I have a live credit card that only gets updated once every 3 months or so

New report as of today and still two defaults for each debt both updated 31st March 2020.

[debrag]

Debt 3 Very

Opened:	December 2016
Type:	Catalogue
Current Balance:	£767
Last payment:	£1.00 | July 2018
Last fill payment:	November 2017
Arrangement:	DMP / Not paying May 2018
Status:	Late payment / Default 02/19
Owner:	Very (NCO) / Lowell

2017
December - NCO letter, 'we are acting on behalf of Shop Direct'

2018
January - Very statement
March - NCO letter, Notice of Sums of Arrears under CCA 1974
March - NCO letter, Total outstanding letter
March - NCO letter, Confirmation of the following payment arrangement (£1)
May - NCO letter - Concerns regarding overdue account
June - Very statement
July - Statement received along with arrears letter and fact sheet
September - Credit limit has been reduced to £850.
October - Received secure letter via email / message on account letting me know 'we appear to have not received your most recent payment' and that I have £401.13 in arrears
November - Received secure letter via email / message on account letting me know 'we appear to have not received your most recent payment', overdue payment is for £426.80.
December - Received secure letter via email ;The Customer Arrears Support Team need to speak to you, please get in touch.' Overdue amount of £450.67.
December - Received secure 'please contact us' letter. 'You are seriously in arrears'.
January - Received statement. Balance £767.73, min payment £493.50, arrears £472.87

2019
January - Default notice received. In breach of arrears of £472.87 to be paid before 30th Jan 2019. Further enforcement action to be taken if not paid. Full balance is £767.73.
Februrary - Welcome letter received from Lowell, along with assignment letter from Very/.Shop direct
May - Received 'your payment is overdue' letter
June - Received a 20% discount offer.
July - Received an overdue payment letter
July - Another 20% off settlement letter received
August - Pre-legal assessment letter and annual statement received.
August - 2nd pre-legal assessment letter
August - Sent CCA request letter
August - Receive a £50 cheque for my complaint ??
October - Received CCA in the post

2020
February - Recieved letter from Lowell about repayment plans, suggesting £30 a month + annual statement.
March - Received offer letter from Lowell of 50% discount. Says I can set up a repayment plan.
April - Letter received offering a 60% discount

Should I accept this new offer?

[nightwatch]

Hi, can i just ask why you are so keen to pay it off?
you say you received the CCA in October 2019, but you don't say if Niddy looked at it, to confirm if enforceable or not?
that would give us a clue on where to go from here.

[Warwick65]

Should I accept this new offer?

In my opinion, I would say no and just ignore

BUT
you have said you received a response to a CCA request, did you send it to Niddy for his thoughts, if so what did he say?

Another point, when you say you received a £50 cheque for your complaint, what did that say- was it from Lowell? It does seem odd as when Lowell gave me compensation, they just knocked it off the outstanding balance.

It is not up to me to say for definite what you should do and 60% is quite a chunk but I wouldn't - there again, when I used to getthose letters I didn't have the funds to pay so it was irrelevant.


post crossed with NW

[debrag]

Debt 1 Natwest Loan

Opened:	August 2016
Type:	Loan
Current Balance:	£4889
Last payment:	£1.00 | June 2018
Last fill payment:	December 2017
Arrangement:	DMP till May 2018
Status:	Defaulted August 2018

2018
March - Collections letter, i+e attached, ignored
April - closing of accounts letter, payment proposal form attached, ignored
May - Formal notice of intention to file a default
June - Notice of arrears in compliance with CCA 1974
June - Notice of refund of interest (£468)
June - You have fail to comply letter received
July - changes to ongoing management of repayment plan, partnered with Wescot, in touch within 14 days to management provider (no longer with them)
August - yearly statement received
September - credit report updated and loan is closed. Account defaulted August 2018

2019
August - Letter received from AIC they are now managing my account on Natwest's behalf

2020
January - Letter received from NatWest to say the collection agent they are now using is Zinc as their previous ones (I assume AIC) couldn't come to a suitable arrangement. I have been sent the same letter for all my 7 accounts! None are active, most were savings accounts and only 3 are on my credit report.
February - Received letter from Zinc balance of £5667.01 (OD & Loan combined). 'Time is running out' letter
July - received letter to say their collection agents haven't been able to come to a suitable arrangement so my details have been passed to Moorcroft.

So today I received letters for 7 accounts I hold with Natwest. Moorcroft are now dealing with my accounts. It is 2 years into the 6 years for being statute-barred, do you think I will get there? Natwest still hold my accounts and 5 of those 7 accounts are saving accounts so I've no clue why they are being included.

What are Moorcroft like?