whats the best way to pay a debt off with triton

[Never-In-Doubt]

Re: whats the best way to pay a debt off with triton

Ok basically the governing legislation behind this falls within the scope of the ICO as detailed below and within the attached document.

The attached document is the latest default / cra guidelines. For this exercise we're specifically sticking to points 21-22

Ok, here's the attachment ---> default_tgn_version_v3 doc.pdf

This is how the ICO portray things:

Arrangements to pay

21 An ‘arrangement to pay’
This involves a temporary, short-term (up to six months) arrangement where the lender agrees to accept reduced payments.

The original payment terms will still be shown on the credit reference file and arrears will accrue which will be shown on the monthly status record.

The account will be marked by an ‘arrangement to pay’ marker (which distinguishes the account from one where the customer has behaved less responsibly).

Where such an ‘arrangement to pay’ breaks down, a default may be filed when the total value of the arrears is equivalent to three monthly payments under the original terms.

If a customer fails to return to contractual payments after an ‘arrangement to pay’ has expired, then the lender can file a default immediately, as long as this would not place the customer in a worse position than they would have been in, had they not made the arrangement.

Examples
1. If a customer makes an ‘arrangement to pay’ at a reduced rate but breaks that arrangement by making no payments for three months, the lender should only automatically file a default if

• the total value of the arrears is equivalent to three monthly payments under the original terms, and
• the lender would normally file a default at this stage in the arrears process.

So no default should be filed if the lender normally records defaults when accounts are six monthly payments in arrears and the customer has not yet reached that level of indebtedness, even though he may have missed payments under the ‘arrangement to pay’.

2. If a lender accepts an ‘arrangement to pay’ as an alternative to filing a default, and the customer fails to make any of the agreed repayments, then a default can be filed straight away.

There you go, that's all you need to confirm that there should be NO late payment entries.

[Never-In-Doubt]

Re: whats the best way to pay a debt off with triton

See above - you should at least get £500 compo for this - if nothing else.

In fact you can copy the template I do for this user - it'll be identical except for the dates - unless you want to do one yourself? -

[Never-In-Doubt]

Re: whats the best way to pay a debt off with triton

Now, though, I'd like to use their antics to exact my revenge.

See above - you should at least get £500 compo for this - if nothing else.

[Never-In-Doubt]

Re: whats the best way to pay a debt off with triton

In fact, from Dec 08 you've made regular payments to this debt and so as you have never missed a payment the entries should show a number 1 or a green dot meaning payment on time. The way they hold this agreement against you is by the annotation AP or AR in this case which tells people you're paying but paying an arranged amount.

My argument here is simple, they have registered adverse data against an arrangement to pay which is a direct breach of OFT and ICO guidelines - you should be demanding they remove these entries and follow up with a formal demand to the CRA's prior to complaining to the ICO.

Its wrong, plain and simple. Totally in every aspect.

[CleverClogs (RIP)]

Re: whats the best way to pay a debt off with triton

On those AP markers this should not state a number 6 as that implies default process, an AP should simply show AP or at least show an unclassified (Zzz or U)......

I'm surprised you have let them record so many 6's - least of all they should have and could have defaulted this back in May 2009.

In May 2009, I wasn't as mentally able as I am now and, besides, it hardly mattered. I own my house outright and didn't (and don't) wish to borrow any money, nor purchase a motor-car on HP.

Now, though, I'd like to use their antics to exact my revenge.

Any ideas?

[Never-In-Doubt]

Re: whats the best way to pay a debt off with triton

In other words, typical Triton!

Do not expect those morons to report the status of your account accurately even if you do pay it off in full.

I overpaid my debt to those scoundrels in February 2011. Their response was to mark my account as having defaulted in March 2011:

On those AP markers this should not state a number 6 as that implies default process, an AP should simply show AP or at least show an unclassified (Zzz or U)......

I'm surprised you have let them record so many 6's - least of all they should have and could have defaulted this back in May 2009.

[CleverClogs (RIP)]

Re: whats the best way to pay a debt off with triton

the last £150 loan payment i made to natwest was on 27/04/2006

now i did just see something on the statments

Default notice fee 25/07/2006

That is more than just a bit naughty. It is actually unlawful, as it contravenes - link - section 86E (6) of the Consumer Credit Act 1974:

(6) The debtor or hirer shall have no liability to pay any sum in connection with the preparation or the giving to him of the notice under this section.

I still have to SAR those buggers myself, but I expect I'll find all manner of charges that should not have been made.

[CleverClogs (RIP)]

Re: whats the best way to pay a debt off with triton

1 they have no cca

2 they have sent letters to me saying pay x and the account will be closed, then afew weeks later another letter saying sorry the letter was sent by mistake

3 i have never had any statments to show how much my balance is or payments being made

4 the letters they send me they have no record of

5 they took the DD out on the wrong date and then had the nerve to tell me i was in the wrong

In other words, typical Triton!

Do not expect those morons to report the status of your account accurately even if you do pay it off in full.

I overpaid my debt to those scoundrels in February 2011. Their response was to mark my account as having defaulted in March 2011:

[Groundhog]

Re: whats the best way to pay a debt off with triton

the first one i have says

File Updated for the Period to:

05/06/2011

Status history: 66666666666666666
Summary of payment history:

In the last 36 months of account activity, the number of status 1-2 is 0 and

the number of status 3 is 36

[Never-In-Doubt]

Re: whats the best way to pay a debt off with triton

no i done the online credit expert, only got that about 4-5 months ago

fine that answers that then.

Ok, leave this with me - I'll do you a template to send off before you get up in the morning......

[Groundhog]

Re: whats the best way to pay a debt off with triton

no i done the online credit expert, only got that about 4-5 months ago

[Never-In-Doubt]

Re: whats the best way to pay a debt off with triton

what do you mean "Did you apply for your credit file in the last 3 years?"

Have you seen a copy of your credit file by Experian, Equifax or CallCredit in the last three years? So did you send off £2 for the statutory report say, in 2009?

[Groundhog]

Re: whats the best way to pay a debt off with triton

i have been paying the DCA as listed

14/11/2006 35pm up till
15/09/2008 40pm up till
15/12/2009 47pm up till
14/05/2010 50pm to date

I must point out i have never missed a payment with them

since i have been paying "Try-it-On" they were also puting charges and interest on my account till i pointed it out to them on 27.04.2011 then they refunded me all that


what do you mean "Did you apply for your credit file in the last 3 years?"

[Never-In-Doubt]

Re: whats the best way to pay a debt off with triton

the last £150 loan payment i made to natwest was on 27/04/2006

now i did just see something on the statments

Default notice fee 25/07/2006

perfect so in essence it's almost SB'd as well.... or have you been paying the DCA?

That date is brilliant, that means default was around that time. Did you apply for your credit file in the last 3 years? If so they'll have an archived copy that may show a different default date?

Is that the last payment you ever made or just to Natwest, i.e. are you currently paying into it via Try-it-On?

Tell me more info as I need to be you, so to speak

[Groundhog]

Re: whats the best way to pay a debt off with triton

the last £150 loan payment i made to natwest was on 27/04/2006

now i did just see something on the statments

Default notice fee 25/07/2006