Announcement

Collapse
No announcement yet.

CCAs and Settlements

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

  • Greybeard
    started a topic CCAs and Settlements

    CCAs and Settlements

    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

  • Diana Mayhew
    replied
    Originally posted by Greybeard View Post
    • Barclaycard/Goldfish Credit Card
    • 2005
    • 7K
    • 2012
    • DMP £70/mth
    • Defaulted (over 6 years)
    • Link
    05/02/19 CCA requested
    05/02/19 All PAYMENTS STOPPED
    29/03/19 Received 12 letters! with a statement for a 6 month period in each to cover the last 6 years.
    29/04/19 No further contact and no credit agreement received
    02/10/19 Letter received from Link saying Barclaycard have confirmed they are unable to comply with CCA request so currently

    That's good to hear, especially since you were considering a F & F settlement with Link earlier in the year.

    Never underestimate the power of a s77-79 CCA Request

    Di

    Leave a comment:


  • Greybeard
    replied
    • Halifax Credit Card
    • 1991
    • 9K
    • 2012
    • DMP £80/mth
    • Defaulted (over 6 years)
    • Lowell-managed by Moorcroft Debt Recovery
    05/02/19 CCA request sent
    05/02/19 All PAYMENTS STOPPED
    29/04/19 Letter received from Moorcroft stating that Lowell are unable to provide a copy of credit agreement so that's a bonus! They're asking me to call them to arrange a payment plan though because they believe the outstanding balance to be 'correctly due'.
    Filed and ignored


    31/07/19 Letter from Lowell saying that they are unable to provide copies of agreement or statements due to the amount of time passed.But they still consider the balance to be owing.

    Leave a comment:


  • Greybeard
    replied
    • MBNA Credit Card
    • 2009
    • 3K
    • 2012
    • DMP £30/mth
    • Defaulted (over 6 years)
    • PRA
    05/02/19 CCA requested
    05/02/19 All PAYMENTS STOPPED
    14/02/19 Statements received
    25/02/19 Copy of credit agreement received which Niddy says is enforceable. Letter asked for me to make contact within 10 days but have so far ignored it and no contact has been received from them either which is interesting as they would appear to have provided everything under the CCA request.

    29/04/19 Still not heard anything from PRA and have not paid anything for 2 months now.

    09/09/19 LBC received
    01/10/19 SAR sent to MBNA

    Leave a comment:


  • Greybeard
    replied
    • Barclaycard/Goldfish Credit Card
    • 2005
    • 7K
    • 2012
    • DMP £70/mth
    • Defaulted (over 6 years)
    • Link
    05/02/19 CCA requested
    05/02/19 All PAYMENTS STOPPED
    29/03/19 Received 12 letters! with a statement for a 6 month period in each to cover the last 6 years.
    29/04/19 No further contact and no credit agreement received
    02/10/19 Letter received from Link saying Barclaycard have confirmed they are unable to comply with CCA request so currently

    Leave a comment:


  • traceyjedison
    replied
    Thanks for this thread

    Leave a comment:


  • Diana Mayhew
    replied
    Originally posted by Greybeard View Post
    Thanks Di,

    Literally about to leave to get the train so I'll contact you on my return.
    Enjoy your holiday, and we’ll be in touch when you’re back.

    Put PRA out of your mind until then.

    Di

    Leave a comment:


  • Greybeard
    replied
    Thanks Di,

    Literally about to leave to get the train so I'll contact you on my return.

    Leave a comment:


  • Diana Mayhew
    replied
    Originally posted by Greybeard View Post
    I'll be back by Thursday and have 30 days.

    That’s fine - email me before you go if you have the time.

    Di

    Leave a comment:


  • Diana Mayhew
    replied
    Originally posted by Greybeard View Post
    • MBNA Credit Card
    • 2009
    • 3K
    • 2012
    • DMP £30/mth
    • Defaulted (over 6 years)
    • PRA
    05/02/19 CCA requested
    05/02/19 All PAYMENTS STOPPED
    14/02/19 Statements received
    25/02/19 Copy of credit agreement received which Niddy says is enforceable. Letter asked for me to make contact within 10 days but have so far ignored it and no contact has been received from them either which is interesting as they would appear to have provided everything under the CCA request.

    29/04/19 Still not heard anything from PRA and have not paid anything for 2 months now.

    I assume that PRA’s Letter of Claim is for this ex-MBNA credit card?

    Ive had a quick look back through your thread and I can see that it was assigned to Aktiv Kapital before PRA so they would need to prove both assignments.

    Di

    Leave a comment:


  • Greybeard
    replied
    I'll be back by Thursday and have 30 days.

    Leave a comment:


  • Diana Mayhew
    replied
    Originally posted by Greybeard View Post
    Hi All, so the day before I go on holiday and what should come through the letterbox... LBC from PRA no surprise really I'd been expecting it.

    Some advice on how to proceed please. Debt is £2950 and I have been sent some statements (just those relating to PRA) and a credit agreement that Niddy said was enforceable.

    TIA

    Send me an email using di@joannaconnolly.co.uk

    You have 30 days to reply to a Letter of Claim so it's not urgent unless you’ll be on holiday for a month.

    Di

    Leave a comment:


  • Greybeard
    replied
    PAP?

    Leave a comment:


  • The Tech Clerk
    replied
    0330 053 9340
    .
    Ring Di since you have PAP and pretty urgent that you are going away?

    Leave a comment:


  • Greybeard
    replied
    Hi All, so the day before I go on holiday and what should come through the letterbox... LBC from PRA no surprise really I'd been expecting it.

    Some advice on how to proceed please. Debt is £2950 and I have been sent some statements (just those relating to PRA) and a credit agreement that Niddy said was enforceable.

    TIA

    Leave a comment:

Who's Viewing Thread: 1 (0 members and 1 guests)
Working...
X