dmp for my son

[Undercover Elsa]

Re: dmp for my son

Got that thanks

Yes it's definitely a Default Notice. Was there a 2nd sheet, and did they enclose a copy of the OFT debt guidance?

Anyway, we're getting there now. That's what we've been waiting for, so the interest will now stop.

They should be writing to your son again shortly to confirm the account has been terminated, then they'll start asking/begging for payment.
Let us know everything they send.
Might be an idea for your son to do the Nedcab I&E form in readiness, then at the right moment I'll do him a letter to send with it

Link: North East Derbyshire Citizens Advice Bureau

[Spent2much]

Re: dmp for my son

I've sent you my direct email address

Got that thanks

Yes it's definitely a Default Notice. Was there a 2nd sheet, and did they enclose a copy of the OFT debt guidance?

Anyway, we're getting there now. That's what we've been waiting for, so the interest will now stop.

They should be writing to your son again shortly to confirm the account has been terminated, then they'll start asking/begging for payment.
Let us know everything they send.
Might be an idea for your son to do the Nedcab I&E form in readiness, then at the right moment I'll do him a letter to send with it

Link: North East Derbyshire Citizens Advice Bureau

Thank you , yes a copy of the OFT was included

[Spent2much]

Re: dmp for my son

17/05/2013 Mercers

none payment as a result they may send and agent to his address.

doorstep threat .

shall i send the doorstep visit template for this ? , this is my home not my son's .

thank you

[Undercover Elsa]

Re: dmp for my son

Hi Hun,
Yes, I'd send that in your son's name

Have they sent anything demanding the full balance yet? (showing it's been terminated)

Elsa x

[Spent2much]

Re: dmp for my son

Hi Hun,
Yes, I'd send that in your son's name

Have they sent anything demanding the full balance yet? (showing it's been terminated)

Elsa x

Hi,
They haven't sent anything demanding the full balance no

[Spent2much]

Re: dmp for my son

\just an update here,
my son has received a statement from barclaycard , attached was a leaflet saying

you have failed to make the minimum payment and we may take legal action.

Mercers debt collection agency is now dealing with your account .

[Spent2much]

Re: dmp for my son

a rather late update , my son just told me about this letter he received .

9/07/2013 from Mercers

As you have failed to contact us or bring your account up to date, you now need to pay us the amount due(shown above). This payment is due within 7 days of the date of this letter.

If you are unable to pay the full amount due, we may have other payment options that could help you.

Please call the above number to make a debit card payment or to discuss other options available to you .

Its important that we tell you that if you don't contact us or make a suitable repayment agreement, the following could happen.

An agent may call at your home address to discuss repayment of your debt.
You ability to obtain credit, including mortgages , could be affected.

We are confident that we can help you and we may be able to prevent further fees being charged on your account each if we can reach a suitable repayment arrangement.
We must make you aware that we may transfer monies that you hold with us in a Barclay current, savings or other account o reduce or repay in full the amount you owe us in accordance with your right to set off.

[Spent2much]

Re: dmp for my son

update

06/09/2013 Barclaycard
Formal Demand for payment
you have not responded to the Default Notice you were sent by Mercers Debt Collections Ltd, payment of the outstanding balance shown above is now due in full. Please not (this is their spelling mistake not mine ) that we will no longer send monthly statements to you .

If you had payment protection insurance, it has now been cancelled and no more premiums will be collected from your account.Credit Reference agencies
This Formal Demand is a legal document. We are notifying you of our intention to file a Default at the credit reference agencies. We always let CRA know when a customer has failed to meet the terms of the Formal Demand for payment and the payment has not been made. This may affect your ability to get credit from other lenders.

CRA are licensed through the OFT, under the CCA 1974. They give factual information to financial organisations to help them with lending decisions, such as confirming an address is correct and occasionally preventing fraud.
They do not give an opinion on someone's financial status.

If you do not make a payment or reach an agreement with by 8 September 2013 , we may pass your account to a specialist collections company in your area and a local representative may call at your address to arrange repayment of this debt.

You need to be aware that we may transfer money that you have in a Barclats current, savings, or other account(s) to reduce or pay off the amount you owe us. Your terms and conditions clearly state that we can do this if we need to.

To stop any further action you must call us as soon as possible .

[Undercover Elsa]

Re: dmp for my son

Hi hun,
OK it's time to negotiate.
Could you get him to do the Income and Expenses form on the Nedcab site: http://mymoney.nedcab.org.uk/moneyadvice/quickfs.asp and send me a copy so I can check it and make sure he's claiming everything he's entitled to etc. I'll pm you my email address.
In the meantime, get him to send this to whoever sent that letter (was it Mercers or Barclaycard?):
Re Account Number xxxxxxx
Dear Sirs,
I am in receipt of your letter dated xxxxx regarding the above account.
As I am unable to pay the full amount following a serious reduction in my income, I write to inform you that I will be consulting the CAB and ask that you place the account on hold for 30 days to enable me to do so.
In the meantime I would be grateful if you would supply me with up to date account details.
Yours faithfully

[Spent2much]

Re: dmp for my son

Hi Elsa, thank you for the letter and the advice, does this letter need to be sent by recorded to be signed for or just a normal stamp please ?

[Undercover Elsa]

Re: dmp for my son

Yep, recorded. You can't trust these sharks...

[Spent2much]

Re: dmp for my son

update.

It looks like Barclaycard have completely ignored the letter my son sent to them asking them to hold fire while he gets and income and expenditure sorted from the CAB, instead they have sent this .

02/10/2013 - power2connect

Regarding Barclaycard

We have been instructed by our client to visit your address to discuss repayment of the above debt .

This visit is necessary as you have ignored all their requests to contact them and you have failed to pay your account.

Our visits take place within the following hours -

Monday-Friday 9am-8pm
Saturday 9am-12 noon

Should you wish to avoid the need for a visit you must contact our instructing agent within 72 hours of receipt of this notice.

credit solutions ltd .

Firstly this is my home not my sons so they have no right sending this crap , I am just in the mood for a visit to be honest from these goons as they completely ignored his letter asking them to put the account on hold while he sorts out an income and expenditure .

[Spent2much]

Re: dmp for my son

update
7/10/2013 from credit solutions

OPPORTUNITY TO CLEAR YOUR DEBT AT A REDUCED RATE

We regret that despite our numerous attempts to contact you, the balance on the above account remains unpaid. It maby be that you are experiencing financial difficulties, so in order to assit you in clearing this debt we have undertaken a further review of your account.

Following discussions with our client they have agreed to accept the repayment of a signicantly reduced balance to that shown above, provided that this is paid in one lump sum by a specified date.

If you are not in a postion to take up this special settelement offer, we can agree a mutually acceptable instalment plan to clear your full outstanding balance, taking into account your creent circumstances.

It is important that you act to address your outstanding balance as soon as possible.
therfore . please contact us

should he make an offer now to pay by installments it will only be a few pounds a month though ?

[vint1954]

Re: dmp for my son

update
7/10/2013 from credit solutions

OPPORTUNITY TO CLEAR YOUR DEBT AT A REDUCED RATE

We regret that despite our numerous attempts to contact you, the balance on the above account remains unpaid. It maby be that you are experiencing financial difficulties, so in order to assit you in clearing this debt we have undertaken a further review of your account.

Following discussions with our client they have agreed to accept the repayment of a signicantly reduced balance to that shown above, provided that this is paid in one lump sum by a specified date.

If you are not in a postion to take up this special settelement offer, we can agree a mutually acceptable instalment plan to clear your full outstanding balance, taking into account your creent circumstances.

It is important that you act to address your outstanding balance as soon as possible.
therfore . please contact us

should he make an offer now to pay by installments it will only be a few pounds a month though ?

Was this one UE s2m?

It is ultimately up to you to decide to settle or continue, but I doubt it will be a huge discount.

If you do decide to settle, let someone here write the letter so that you don't inadvertently admit liability

[Undercover Elsa]

Re: dmp for my son

No it's not UE, unfortunately Vint, it's quite a recent card that S2M's son can't pay due to reduced circs, so we've recently got them to default it by not paying, to stop interest. Then wrote saying he was taking advice and asked for 30 days grace, which they ignored.

S2M - that's over 30 days ago now, and in order to negotiate a low payment plan he will need to do an I&E as linked above.
Email it to me for checking if you wish. Or you can just send them an offer of token payment for now but ultimately they will push and push for an I&E, probably sending one of their own which are very intrusive, so in the circs its best to pre-empt with the Nedcab one, in my opinion.

Elsa x