CCAs and Settlements

[Roger]

Hi Everyone,

New here and first post.

I've been on a DMP for over 6 years now, all defaults have dropped off my credit file and actually have an 'EXCELLENT' credit score!

Currently have around 20K of 34K original debt remaining and have got settlement offers from the 3 creditors totalling 11K

Sat here with CCA letters in hand and can't decide if I should go that route or just pay off the debts? (I have that option)

Would replies from CCAs that were UE give me a chance of getting better settlement offers?

Current offers are reductions of 50%;30%;28%

Don't want to risk trashing my credit file again as looking to remortgage.

Help much appreciated, TIA

They can't put those defaults back on your credit file!
You have paid off 14k what over 6 years?
DCA's pay penny in the pound for debts in other words for 34k they paid say 3.4 k. They have made 11.6 k from your charity payments (no doubt at considerable financial hardship)
The Original Creditor can claim tax relief against Bad Debts.
The only loser here is yourself both as a taxpayer and as an individual.

Irrespective of whether they are EU or not this will not now effect your Credit File.
What are you waiting for?

For each of these remaining debts please provide the following information for each account:

• Type of account (credit card/loan)
• Date commenced (ideally before Apr 2007)
• Approx balance
• Date last paid (approximate date you last made a FULL payment)
• Are you on arrangement or not paying
• Status (default/in arrears/up-to-date)
• Account owner (who is writing to you, a DCA or the lender)

The Diary approach means that meaningful advice can be given on this site against the information which has already been provided.

Send CCA 77/78 requests using AAD template PLUS £1 by Recorded Delivery
I use Postal Orders and either photocopy or even photograph the Postal Order (evidence of the Fee)
The CCA Request is your Legal Right under the Consumer Credit Act.
Whilst this request is outstanding they cannot take you to court.

[Greybeard]

Hi Everyone,

New here and first post.

I've been on a DMP for over 6 years now, all defaults have dropped off my credit file and actually have an 'EXCELLENT' credit score!

Currently have around 20K of 34K original debt remaining and have got settlement offers from the 3 creditors totalling 11K

Sat here with CCA letters in hand and can't decide if I should go that route or just pay off the debts? (I have that option)

Would replies from CCAs that were UE give me a chance of getting better settlement offers?

Current offers are reductions of 50%;30%;28%

Don't want to risk trashing my credit file again as looking to remortgage.

Help much appreciated, TIA