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  • #1

    DCA Change in circumstance

    I agreed with a DCA to pay an amount, however my circumstances have changed and I can no longer pay them this amount. so i am paying £30 instead of £100. They sent me a letter threatning court action because i have not stuck to the arrangement, is this right? i thought only the original debt owed to company can take me to court, and i also thought that as long as an amount is being paid then its ok.

    Debt for £3698 remaining to lloydstsb loan, paying debt managers, threat from Russel Aitkins.
    Tags: action, april, arrangement, court, court action, dca, debt, dmp, house, letter, letters, lloyds, loan, managers, mortgage, owed, paid, pay, questions, threat
  • #2
    Re: DCA Change in circumstance

    When did you take the loan out ?

    Was it pre April 2007
    I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

    If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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    • #3
      Re: DCA Change in circumstance

      Originally posted by Monty View Post
      I agreed with a DCA to pay an amount, however my circumstances have changed and I can no longer pay them this amount. so i am paying £30 instead of £100. They sent me a letter threatning court action because i have not stuck to the arrangement, is this right? i thought only the original debt owed to company can take me to court, and i also thought that as long as an amount is being paid then its ok.

      Debt for £3698 remaining to lloydstsb loan, paying debt managers, threat from Russel Aitkins.
      So did you inform them that your circumstances had changed, and why?

      I would point out to them that taking you to court would be a fruitless exercise as they would only be awarded the maximum you could afford and thats what you are offering them now.

      Couple of questions first before you go firing letters off:

      1) When was the loan taken out?
      2) Are you on a DMP?
      3) Do you own your own house/have a mortgage? If so is it joint?
      "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."

      The consumer is that sleeping giant.!!


      I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

      If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

      Comment

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