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As everyone who needs to know already knows I am here to help with my OH's run in with the Banksters.
We are intending to follow the UE route shortly if the experts feel it is something we can do but have something we need to sort and are in the process of sorting right now.
In the meantime I am looking at what debts are suitable for what you guys do best. In the scheme of things they arent world beater debts but to us they are. Its all relative.
Anyway to the advice. Niddy has kindly given me the information on CCJ/CO transfers and am content we are where we are at the moment as that is what the law says so not much I can do about it.
Now I want to throw open this account and see if anyone has any idea's on reducing the amount owed of something that actually seems immoral to me. Please do understand I could be saying this as I am too close to it.
The account in question is our MBNA debt. The values are all approx but about right.
Balance of £2800 defaulted summer 2009. Default notice wanted full amount paid. Gave us 17 days to comply.
Got taken to court for £2700 winter 2009. £210 costs added. CCJ awarded. Taken for CO £266 costs added. Total costs £476
Judge awarded payment at £21.50pcm. Optima legal wrote after CO saying if payments kept up to date that was it (kind of them I know)
About 6 months later Optima Legal started asking for more. OH after the meltdown paid up for fear of melting of children and other threats etc. Eventually was paying £50pcm.
This was stopped and reduced back to judgement award this summer due to unemployment.
Debt of £2300 was sold to MFS just as we managed to get the reduction back to the CCJ payments.
All been quiet since.
Neither the CCJ or CO has been registered by MFS. They remain with MBNA
Finally yesterday we recieved the PPI award on this debt. Yes you have guessed it £2700.
This account is such a mess I dont really know where to start. I have an outstanding SAR which would be very interesting if a CCA arrived in it.
Optima spent the intervening 3 years between CCJ/CO and sell up trying to get us to settle at about £400 less than the debt. We couldnt.
When I look at this debt, also knowing MFS will have paid diddly squat for it, it somehow seems immoral that someone who missold us an insurance policy have a charge on OH's property for a similar amount to the policy.. A CCJ that wrecks OH's credit and a debt that now belongs to another company for less than the amount of the missold Insurance.
And the courts have been complicit by awarding against the dirty filthy debtor thus securing this debt which didnt exist in the first place but was an missold policy with court costs added on.
You couldnt make that up if you tried but there it is. It feels now with the money in our hand that someone has come along and just demanded a couple of grand and the court has said yep there you go a judgement against you because a bank wouldnt lie.
Finally before anyone asks OH was not in a position to challenge this when it happened back then. Am sure everyone will understand this from our own dark days.
I would be grateful to anyone's advice on where they would go with this.
Obviousy UE is a no go because of the CCJ. And that was why I was originally very interested in how these things are traded. But like I said earlier I accept Niddys explanation that this is a no go.
Sorry for the length of the post just trying to put in everything I felt was required for you guys to comment.
Thanks
We are intending to follow the UE route shortly if the experts feel it is something we can do but have something we need to sort and are in the process of sorting right now.
In the meantime I am looking at what debts are suitable for what you guys do best. In the scheme of things they arent world beater debts but to us they are. Its all relative.
Anyway to the advice. Niddy has kindly given me the information on CCJ/CO transfers and am content we are where we are at the moment as that is what the law says so not much I can do about it.
Now I want to throw open this account and see if anyone has any idea's on reducing the amount owed of something that actually seems immoral to me. Please do understand I could be saying this as I am too close to it.
The account in question is our MBNA debt. The values are all approx but about right.
Balance of £2800 defaulted summer 2009. Default notice wanted full amount paid. Gave us 17 days to comply.
Got taken to court for £2700 winter 2009. £210 costs added. CCJ awarded. Taken for CO £266 costs added. Total costs £476
Judge awarded payment at £21.50pcm. Optima legal wrote after CO saying if payments kept up to date that was it (kind of them I know)
About 6 months later Optima Legal started asking for more. OH after the meltdown paid up for fear of melting of children and other threats etc. Eventually was paying £50pcm.
This was stopped and reduced back to judgement award this summer due to unemployment.
Debt of £2300 was sold to MFS just as we managed to get the reduction back to the CCJ payments.
All been quiet since.
Neither the CCJ or CO has been registered by MFS. They remain with MBNA
Finally yesterday we recieved the PPI award on this debt. Yes you have guessed it £2700.
This account is such a mess I dont really know where to start. I have an outstanding SAR which would be very interesting if a CCA arrived in it.
Optima spent the intervening 3 years between CCJ/CO and sell up trying to get us to settle at about £400 less than the debt. We couldnt.
When I look at this debt, also knowing MFS will have paid diddly squat for it, it somehow seems immoral that someone who missold us an insurance policy have a charge on OH's property for a similar amount to the policy.. A CCJ that wrecks OH's credit and a debt that now belongs to another company for less than the amount of the missold Insurance.
And the courts have been complicit by awarding against the dirty filthy debtor thus securing this debt which didnt exist in the first place but was an missold policy with court costs added on.
You couldnt make that up if you tried but there it is. It feels now with the money in our hand that someone has come along and just demanded a couple of grand and the court has said yep there you go a judgement against you because a bank wouldnt lie.
Finally before anyone asks OH was not in a position to challenge this when it happened back then. Am sure everyone will understand this from our own dark days.
I would be grateful to anyone's advice on where they would go with this.
Obviousy UE is a no go because of the CCJ. And that was why I was originally very interested in how these things are traded. But like I said earlier I accept Niddys explanation that this is a no go.
Sorry for the length of the post just trying to put in everything I felt was required for you guys to comment.
Thanks
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