Getting myself out of debt

[Timewilltell]

Perhaps as your last payment was 2018 it’s only 4 years? I would expect them to pipe up towards end of 5 year but who really knows what or if these think?

[debrag]

Perhaps as your last payment was 2018 it’s only 4 years? I would expect them to pipe up towards end of 5 year but who really knows what or if these think?

Sorry yes last payment was June 2018, default August 2018. Am I now not in my 5th year, just?

[Still Waving]

Sorry yes last payment was June 2018, default August 2018. Am I now not in my 5th year, just?

I think it's a case of glass half full or half empty. Either you are in your fifth year, or you have just completed four years. You are working towards 6years plus one month from (it appears) August 2018. Well done on the current milestone - just over two more years to keep following the advice.

[debrag]

I think it's a case of glass half full or half empty. Either you are in your fifth year, or you have just completed four years. You are working towards 6years plus one month from (it appears) August 2018. Well done on the current milestone - just over two more years to keep following the advice.

6 years 1 month is September 2024? So basically in my final 2 years?

[Still Waving]

6 years 1 month is September 2024? So basically in my final 2 years?

Sorry - is this the five minute argument, or the full half hour?

[debrag]

Debt 4 JD WIlliams

Opened:	June 2013
Type:	Catalogue
Current Balance:	£1740
Last payment:	£1.00 | July 2018
Last fill payment:	December 2017
Arrangement:	DMP till May 2018
Status:	Default 15/11/2018
Owner:	JD Williams

2018
March - Payment arrangement confirmation for Payplan's DMP, not longer using them.
July - Received arrears letter and fact sheet from FCA
August - Received letter stating they haven't received payment from Payplan etc etc I have an overdue payment of £78.16. Will it carry on like this forever or will they eventually default?
August - Payplan agreement finally cancelled by JD Williams
October - Default noticed recieved
November - Received letter to say JD Williams has sold my debt along with a notice of assignment letter from Debt Managers (Services) LTD who have been sold the debt, they now act as data controller.
December - new credit report shows default date of 15/11/2018
December - Letter received from Debt Managers LTD. Outstanding balance of £1742.18. Pay in full or contact for a repayment plan.
December - Another letter received from Debt Managers LTD. Outstanding balance of £1742.18. Pay in full or contact for a repayment plan.

2019
January - Reply received from my CCA request. Account referred back to JD Williams for a copy of my CCA. Fee is no longer needed for this application. Account on hold.
April - CCA received. No signature or x appears.
May - Received 'we may consider taking action letter'
May - Received another contact within 14 days or we will assess your account with a view to commencing court proceedings.
May - Received 'urgent response required' email. Alerting me to my account being transferred to Debt Managers Ltd and asking for payment.

2020
August - Letter received from Debt Managers. A reminder to pay. No you have to pay by x date.
August - Letter received from Debt Managers. "We are looking to progress this to our external partner Restons Solicitors"
October - Letter received from Restons Solicitors.
November - Letter received from Restons asking me to fill in a financial statement online. Have given me till 13th November then they will issue a letter of claim.
November - Receiving the same letter as emails now

2022
October - Received welcome letter from Intrum who are now the owner of the debt not Debt Managers Ltd. I am still to deal with Restons.

What are Intrum like to deal with?

[Still Waving]

Persistent but beatable.

[Timewilltell]

What are Intrum like to deal with?

like that annoying fly that buzzes around your head when you are sweating!
I have ignored from the day they took over and all I ever get is a letter offering me 80% discount each month!
I shall wait a little longer then swot them like the annoying fly they are!

[debrag]

like that annoying fly that buzzes around your head when you are sweating!
I have ignored from the day they took over and all I ever get is a letter offering me 80% discount each month!
I shall wait a little longer then swot them like the annoying fly they are!

I've not received anything since the initial correspondence.

--

Still can't get my head around SafetyNet Credit. Creditkarma has it opened but delinquent, clearscore has it as 'in arrears' - missed payments since May 2019. Will it fall off one but not the other eventually? They are now in administration, does that help my case at all?

[Pat]

I've not received anything since the initial correspondence.

--

Still can't get my head around SafetyNet Credit. Creditkarma has it opened but delinquent, clearscore has it as 'in arrears' - missed payments since May 2019. Will it fall off one but not the other eventually? They are now in administration, does that help my case at all?

My understanding is that unless it has been defaulted it will remain as a live account. Did they ever send you a DN? If so I would raise a dispute with the credit reference agencies. You could always raise a dispute and say that according to ICO guidelines these should have been defaulted in a 'reasonable' time and 4 years is not reasonable and see what they say.However, it might be better to leave that action for a while - until after June 2025

[debrag]

My understanding is that unless it has been defaulted it will remain as a live account. Did they ever send you a DN? If so I would raise a dispute with the credit reference agencies. You could always raise a dispute and say that according to ICO guidelines these should have been defaulted in a 'reasonable' time and 4 years is not reasonable and see what they say.However, it might be better to leave that action for a while - until after June 2025

Yes not wanting to do anything to reset the SB clock. No DN ever received.

[Pat]

Something else that may be useful to know, was it a fixed term loan i.e. to be repaid by a certain date or revolving credit like a CC. I know some firms did revolving credit so you had a credit limit which they kept upping. The second would need a DN, not so sure about the first.

[debrag]

Update on countdown to 6 years from default, some late payments were before this. Debts 2 & 10-14 are no more. SafetyNet is the one that isn't actually defaulted.

[debrag]

Something else that may be useful to know, was it a fixed term loan i.e. to be repaid by a certain date or revolving credit like a CC. I know some firms did revolving credit so you had a credit limit which they kept upping. The second would need a DN, not so sure about the first.

It was revolving credit like an overdraft.

[Pat]

It was revolving credit like an overdraft.

In which case it will definitely need a compliant S87(1) Default Notice and all the other notices the CCA requires.