Getting myself out of debt

[debrag]

Cabot/BPO/Aqua

Opened:	03 Sept 2014
Type:	Credit card
Current Balance:	£175
Last payment:	£5.00 | June 2022
Last full payment:	2019
Arrangement:	Not paying
Status:	Defaulted December 2019

2022

June Letter from BPO to say that Cabot has asked them to contact me about a settlement offer. A discount of £44.85 (what a joke).
Are BPO collecting for Cabot or something? Cabot have another account of mine worth £630 but it hasn't been sent to BPO. I'm not going to do anything, I was paying each £5 a month but have stopped this month to wait on getting very low F&F offers down the line.

[debrag]

6 years & 1 month eng/wales but 5 years scotland, remember scots get the better toss of the coin!

After six years, the defaulted debt will be removed from your credit file, even if you haven't finished paying it off.

I don't have a default date just delinquent being reported every month. CAG said those accounts go after 7 years, I just wanted to check.

[The Tech Clerk]

6 years & 1 month eng/wales but 5 years scotland, remember scots get the better toss of the coin!

After six years, the defaulted debt will be removed from your credit file, even if you haven't finished paying it off.

[debrag]

SafetyNet Credit which I haven't listed before have reported my account as delinquent. Last payment was September 2019, is it 7 years from October 2019 that it will be removed from my credit file?

Been looking at my default removal countdowns and soon to be under 2 year for two of them and 3 years for others

[debrag]

Debt 1: Natwest Loan £4889 | Being sent to Westcot | Part of DMP | DMP statues of credit report | ----> Default/ended, end date 2024
Debt 2: Natwest OD £1248 | Being sent to Westcot | Part of DMP | DMP statues of credit report | ----> Default/ended & zero balance, end date 2024
Debt 3: Very £767 | NCO dealing | Account still open | Part of DMP | ----> Default, end date 2024
Debt 4: JD Williams £1740 | Account still open | Part of DMP | ----> Default, end date 2024
Debt 5: Lloyds cc £457 | Minimum payments | £25 a month
Debt 6: Marbles cc £656 | minimum payments | ----> Default, end date 2025
Debt 7: Capital One £103 | minimum payments | ----> £20 a month
Debt 8: Capital One £167 | minimum payments | ----> Paid off
Debt 9: Aqua cc £167 | minimum payments | ----> Default, end date 2025
Debt 10: Barclaycard £389 | minimum payments | ----> Paid off
Debt 11: ARC (David Lloyd) £582 | £1 a month arrangement to pay| Doesn't appear on credit report at all but stopping paying membership July 2016 | ----> not on reports
Debt 12: Lantern (QQ) £481 | IRL + SAR claim/request sent it | Had originally agreed to £2 a month repayment plan | ----> Not on reports
Debt 13 Credit Resource Solutions (Trugym) £86 | Sent back to OC | Default on credit report | ---> Not on reports
Debt 14: Credit Resolution Services (Lending Stream) ? | Sent back to OC | Default on credit report | ---> Not on reports

Debts 1 to 4 are on a dmp/token payments due to not being able to afford minimum payments
Debts 5 to 10 I can afford minimum payments and have these paid off next year with a little extra
Debt 12 Fall of credit report May 2018, they first contacted my in Jan 2018
Debts 13 to 14 are due to fall of credit report November 2018 & March 2019.

So whats the next step? Lantern have already sent me all data via the SAR request.

Just updated my first post.

[Roger]

I may have looked at different credit reports for July & December I don't remember.
May 2018 + 6 years is 2024

Whoops! Sorry YES!
Doesn't look as if they issued a Default Notice before closing the A/c!

The Notice of Arrears is a different animal!
"..
April - closing of accounts letter, payment proposal form attached, ignored
June - Closing of OD facility letter
June - Notice of arrears in compliance with CCA 1974
June - You have fail to comply letter received
.."

You can normally look back at reports with CRA's. But its curious this what 4-5 month delay and nothing in the Post!
Doesn't change the recommendation Wait; Do Nothing; Make Notes for your own records!

[debrag]

".. You just have to wait and see BUT always record (for your benefit) changes to Accounts/Debts that date 21st July 2021 for instance might become a crucial evidence if other dates for closure and or Assignment are later revealed! .."
Is this the same whose status changed on 21st July 2021?
So the status has been updated (presumably by Nat West) to default/ended?

I surmise that nobody has written to you over this! You are simply monitoring your Credit Report! So 5 months without any communication is good news!
Again make a record of this latest change and its date!

On Dates it looks as if you are close to Statute Bar around Est. June 2022 ( May 2018 + ( 6 years plus 1 month)) what 7-8 months!!
That's not long and time to sit on your hands DO nothing at this stage. Certainly do not write, phone!!

Wait and see!!

I may have looked at different credit reports for July & December I don't remember.
May 2018 + 6 years is 2024

[Roger]

".. You just have to wait and see BUT always record (for your benefit) changes to Accounts/Debts that date 21st July 2021 for instance might become a crucial evidence if other dates for closure and or Assignment are later revealed! .."
Is this the same whose status changed on 21st July 2021?
So the status has been updated (presumably by Nat West) to default/ended?

I surmise that nobody has written to you over this! You are simply monitoring your Credit Report! So 5 months without any communication is good news!
Again make a record of this latest change and its date!

On Dates it looks as if you are close to Statute Bar around Est. June 2022 ( May 2018 + ( 6 years plus 1 month)) what 7-8 months!!
That's not long and time to sit on your hands DO nothing at this stage. Certainly do not write, phone!!

Wait and see!!

[debrag]

Hi debrag, is there any update on your CCA requests?

I don't remember sending one I haven't heard anything since that Moorcroft letter in 2020.

[debrag]

Debt 2 Natwest OD

Opened:	January 2016
Type:	OD
Current Balance:	£1248
Last payment:	£1.00 | July 2018
Last fill payment:	n/a
Arrangement:	DMP till May 2018
Status:	Default 31/10/2018

2018
March - Collections letter, i+e attached, ignored
April - closing of accounts letter, payment proposal form attached, ignored
June - Closing of OD facility letter
June - Notice of arrears in compliance with CCA 1974
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 - loan interest has been paid off the OD, balance is now £799

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.
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

2021
October - checking credit report I see this account is closed and satisfied 21st July 2021
December - Marked as default/ended on credit report with a balance of £0. Has this been sold on?

As above: Marked as defuault/ended on credit report with a balance of £0. Has this been sold on?

[debrag]

Debt 1 Natwest Loan +OD

Opened:	August 2016
Type:	Loan
Current Balance:	£4889 -> 5667.01
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.
September - Received multiple letters from Moorcroft stating they have been unable to agree a repayment plan.
November - Discount offer letter received from Moorcroft.

2021
December - Marked as defuault/ended on credit report with a balance of £4888. Has this been sold on?

As above: Marked as defuault/ended on credit report with a balance of £4888. Has this been sold on?

[Roger]

I am curious really as you have that Debt 1 with Nat West. Presumably this still appears on your Credit Report?
Sometimes the Original Lender lumps Debts together and sells them on!

You just have to wait and see BUT always record (for your benefit) changes to Accounts/Debts that date 21st July 2021 for instance might become a crucial evidence if other dates for closure and or Assignment are later revealed!

[The Tech Clerk]

would normally pan out as sold on.

[Matty B]

Does this mean that it is closed for good or just sold on? I haven't heard from anyone about this.

I think it probably means the debt has been sold on. I also think it can take quite some time if ever for the new owner to start reporting. It can also take some time for them to get off their backsides and tell you.

It would be lovely to think it had just been closed but they even sell debts on that they know are unenforceable or have a ccj in their favour so I would expect the worst while hoping for the best.

Of course it can be in your favour if they sell it on.

[Roger]

I presume this is Nat West entry for this O/D Debt ->2 and the closed and satisfied 21st July 2021 was entered by them?
What was the outstanding balance at that time?
If it had/has been sold on I would have thought you would have heard by Now!

What about the other Nat West entries? Are these still there?

I would simply wait and keep a watchful eye!

Make certain you have a copy of that entry for your records/Diary
I use the [PrtSc] button to create a screen dump which can be stored with my copies of all correspondence on my debts.