Drysden Fairfax financial statement

[Still Waving]

I agree with Roger - flesh this out so that we are fully aware of the history and current situation.

I would just add that as you are making regular payments, I suspect that the creditor will not entertain a low F&F, and will probably counter with a much higher figure. Best to find out how strong a hand you/they hold first.

[Roger]

A very happy new year to you all.
Apologies for length in getting back, so much going on over last few years....utter chaos.
So recap on previous post....
We never received any paperwork following our requests for copy of agreement.
Both of our credit files are clear now, but still have a couple of debts still paying through Drysden.
My debt was originally with MBNA enforceable debt, went into default 2012 at the sum of £2300.
Debt currently stands at £1400, paying £10.00 per month.
I would like to get rid of this and thought of offering a full and final settlement.
Any advice on how much i should offer?
Many thanks as always
Steve

Hi Steve
We corresponded 2020!
Sainsbury and Arrow featured then. First I have heard of a debt with MBNA!

Well a good starting place would be to send a SAR to MBNA to see what DATA they now HOLD on You and this DEBT.

At the same time it will assist you and AAD if you could create a Diary Entry for this MBNA debt

Type of account -
Date commenced -
Approx balance -
Date last paid -
Are you on arrangement or not paying -
Account owner -

[stuffthebanks]

A very happy new year to you all.
Apologies for length in getting back, so much going on over last few years....utter chaos.
So recap on previous post....
We never received any paperwork following our requests for copy of agreement.
Both of our credit files are clear now, but still have a couple of debts still paying through Drysden.
My debt was originally with MBNA enforceable debt, went into default 2012 at the sum of £2300.
Debt currently stands at £1400, paying £10.00 per month.
I would like to get rid of this and thought of offering a full and final settlement.
Any advice on how much i should offer?
Many thanks as always
Steve

[Joanna Connolly Solicitors]

I will most certainly ask for the CCA and will request from Arrow Global Ltd....
Thanks again you guys, i will update as soon as i have any to feedback.

Three quick questions:

Have Arrow Global complied with your latest CCA Request? It looks like your previous CCA Request was sent to Sainsbury’s in 2011 and you believed the credit agreement they sent was enforceable (unless I’ve misunderstood your first post).

Has your OH heard anything more from DrydensFairfax solicitors?

Are you still paying £10 per month to either of them?

Di

[stuffthebanks]

Hope so Roger,
let you know how it goes, and thanks again

[Roger]

Hi Di,Roger,
The London address and Arrow Global Ltd was on the notice of assignment.
Fortunately Roger this is the only debt my OH has.

Steve

Remember that the CCA1974 legislation has changed over the years! Your OH CCA is 2003 (17 years ago)
I am not an expert but Arrow may well have a headache providing a EN here!

[stuffthebanks]

Hi Di,Roger,
The London address and Arrow Global Ltd was on the notice of assignment.
Fortunately Roger this is the only debt my OH has.

Steve

[Roger]

Does your OH have any other Debts which she is currently making monthly payments for?

[Joanna Connolly Solicitors]

Hi Diana,
Its Arrow Global Ltd on the letterhead, London address, and registered in England and Wales.
No luck on that front.

It doesn't matter what it says on the letterhead nowadays - all that matters is what was on the Deed/Notice of Assignment.

Di

[stuffthebanks]

Hi Diana,
Its Arrow Global Ltd on the letterhead, London address, and registered in England and Wales.
No luck on that front...

Thanks for taking time to reply Diana.

Steve

[Joanna Connolly Solicitors]

I will most certainly ask for the CCA and will request from Arrow Global Ltd....

Is the current owner Arrow Global or Arrow Global (Guernsey) Ltd which lacks FCA authorisation?

DrydensFairfax may live to regret asking your OH for that financial statement

Di

[stuffthebanks]

Hi Roger,Nightwatch,
The information given is most gratefully received, and fully appreciated.
I have forgotten so much of the useful help and advice given over the years on this forum, you guys have helped nudge my memory.
I will most certainly ask for the CCA and will request from Arrow Global Ltd....
Thanks again you guys, i will update as soon as i have any to feedback.

All the best

Steve

[nightwatch]

just checked my diary for my Sainsbury account, mine was sold to cabot, CCA sent, received some T&C with your right to cancel in the middle of the photocopy, Cabot said that I now had all the information I needed and wanted a payment or they would consider court to recover the debt.
Sent T&C received, it was passed to FIRE, next desk along,
Sent SWID to Fire, passed back to original desk, account on hold while they requested more info from Sainsbury's

This was March 2014, still awaiting paperwork

[nightwatch]

Hellooooo .

you say the agreement sent did not get checked out to see if it was enforcable or not, nor was it a formal CCA request (£1.00 fee)
so I would do as Roger says and send one off.

Will be interesting to see what you get back.

As for income and expenditure form's, this is to see if you can afford to pay more, but you don't have to fill it in, If you do only your wife's income should be on it as it is in her name not joint.
I used to just reply with " my curcumstances have not change since we last communicated, so my payment will remain the same". OR if they were being snotty " I have had a change in curcumstances and I am having difficulty in keeping up payments, so I will have to reduce payments to everyone to £1.00 per month until I can return to work"

[Roger]

A very good morning Roger,
A big thank you for your reply to my question.
It's been a long old time since i started my journey to sort out debt issues.
This account was assigned to Arrow global in August 2011,assignment letters received from Arrow and Sainsbury.
A request for the SAR including the CCA was received November 2011, sent from Sainsburys bank..
All of that information received has not been checked by someone who knows what they are looking for.
Westcot services were appointed by Arrow to manage the service of the account, which then went over to Drysden Fairfax in 2012.
Is it still Niddy who checks agreements etc.?
Cheers Roger.

This is #Di's quote (extracted from another Diary)

And was/is it Arrow Global Ltd or Arrow Global (Guernsey) Ltd.? It matters since Arrow Global (Guernsey) Ltd. isn't authorised by the FCA ..

This is from #NW

Some times, but not always, a DCA will pass on or ask the original lender for the paperwork,
Sometimes a DCA will say as they are not the owner of the account, you must contact the original lender, Arrow always used to do this, which was confusing as they were the owner as they had bought it,

Niddy still checks CCA's
BUT you say ".. A request for the SAR including the CCA was received November 2011, sent from Sainsburys bank.." It was Assigned August 2011!
I would send Arrow a CCA request plus £1 to Arrow! The Owner! send copy to Drysden Fairfax (without comment).

Wait until you receive the CCA before asking for a SAR(GDPR) from Sainsbury!! lets see what comes back after 17 years