GDPR Cookie Consent by SimpleServe Privacy Script Getting myself out of debt - AAD Consumer Forum

Announcement

Collapse
No announcement yet.

Getting myself out of debt

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • 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

    Comment


    • Originally posted by debrag View Post
      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

      Comment


      • Originally posted by debrag View Post
        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?

        Comment


        • Originally posted by debrag View Post
          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
          Legal Disclaimer

          I am a Litigation Executive at Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at di@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. Our initial advice is always free.

          Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

          Comment


          • Originally posted by Diana Mayhew View Post


            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?

            Comment


            • default dates???
              I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

              If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

              Comment


              • Originally posted by The Tech Clerk View Post
                default dates???
                31.12.2019 for all.

                Comment


                • ah! new defaults then
                  I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

                  If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

                  Comment


                  • 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.

                    Comment


                    • 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!

                      Comment

                      Working...
                      X