onesteptoofar UE Diary

[Never-In-Doubt]

Re: Full and Final Settlement Letters

Hi Niddy,

Apologies i've been away from the internet for a few days.

This sounds like a plan. Each time a debt has been passed to a new dca i've always followed the cca route. As things stand of those who currently own the debts, only Wescot have produced something that looks watertight.

I have sent Moorcroft (Lloyds Loan) a cca request, then a reminder but have had no response. Likewise with Call credit (Lloyds Credit Card) and Apex (Cahoot loan) no contact at all following cca requests.

I'll track down the cca's and pop back online later this evening.

Hiya

Try and get the CCA's and email me them to never-in-doubt@live.co.uk and i'll check them out.....

after you've sent the reminders don't send anything else til you've heard from us yea? May be best to summarise events to date then see where to go next.

[onesteptoofar]

Re: Full and Final Settlement Letters

Hi Niddy,

Apologies i've been away from the internet for a few days.

This sounds like a plan. Each time a debt has been passed to a new dca i've always followed the cca route. As things stand of those who currently own the debts, only Wescot have produced something that looks watertight.

I have sent Moorcroft (Lloyds Loan) a cca request, then a reminder but have had no response. Likewise with Call credit (Lloyds Credit Card) and Apex (Cahoot loan) no contact at all following cca requests.

I'll track down the cca's and pop back online later this evening.

[Never-In-Doubt]

Re: Full and Final Settlement Letters

I think we should still do the CCA route, if i've not had a look then i'm not certain but usually there is always something wrong - even if not, you blag it til they threaten court then back down and haggle a F&F offer....

Its part of the longer process, but it does work... quite effectively. Your credit file is already shot (I presume) so nothing to lose, worse case they'll issue court papers at which point you defend them (with outr help - postal not in person) and then back down and agree a repayment schedule....

its worth a go, no?

[onesteptoofar]

Re: Full and Final Settlement Letters

Hi Niddy,

Apologies for not being clearer.

I've already been down the unenforceablity route but have received valid cca's for all barring a Cahoot loan. The Lloyds credit card produced a cca via a sar request which arrived months after any correspondence direct from Lloyds, whilst the account was being passed around dca's.

The f+f route appears to be the best option given my position with share money in the future, unless i'm missing something?

Once a valid cca has been produced i thought that was that, so to speak?

I have been unemployed since spring 2009, have no regular income and have only been making token 1 pound payments for a long period for all debts that have produced a cca / barring the Lloyds credit card that didnt produce the cca until randomly in July (sar request was back in March/April).

[Never-In-Doubt]

Re: Full and Final Settlement Letters

Hiya

Have you considered going down the unenforceability route with these? Before making F&F offers, being your credit file is already knackered - why not just consider UE and see what that brings, assuming we can get a few sorted that way that would leave you more funds to pay F&F into the enforceable debts....

have a read here: ---> viewforum.php?f=13 and if you're happy to go ahead, complete a diary as detailed here: ---> viewtopic.php?p=6789#p6789

I'll move the thread later, if you decide to follow the UE route - before freaking out at the idea, take a read though some of the UE Diaries found here: ---> viewforum.php?f=49

[onesteptoofar]

Hi folks,

I'm looking to try and settle up some outstanding debts with full and final settlements. I am currently unemployed but expect my fortunes may change later in the year, so am looking to try and get my current debts out of the way asap.

Here are the amounts i am looking to try and any circumstances for each.

Lloyds account - 2700, currently paying 1 pound per month. There has been 2780 in charges over the years but my hardship claims via the ombudsman fell on deaf ears at the start of the year. I have offered 1300 which was refused. Debt currently still with Lloyds.

Lloyds Credit Card - 13500, no payments made since Sept 09 when no cca was produced. Debt was passed from Lloyds > SCM > MHA > BLS > Debt Managers > Call Credit... Out of the blue a cca was received in July '10 following a sar request from months earlier. Any ideas on how best to try and settle this, was thinking of going in at 3300, given over 9k of the balance can be attributed to interest over the years!! There is 465 worth of charges which i have never claimed back as i am not sure how this would affect my non-acknowledgement of the debt, whilst waiting for the cca. Should i try to claim these? Would i claim them from Lloyds or Call Credit if so?

Lloyds Loan - 7500, currently paying 1 pound per month. Valid cca was produced. Debt was passed from Lloyds > SCM > MHA > BLS > Moorcroft. Have sent an offer for 1820 but expecting this to be refused (offer of 1300 was refused 4 months ago)...fingers crossed its accepted.

Nationwide Loan - 7500, currently paying 1 pound per month. Valid cca was produced. Debt was passed from Nationwide > KPR > Wescot. Have sent an offer for 1820 but expecting this to be refused (offer of 1300 was refused 4 months ago)...fingers crossed its accepted.

Cahoot Loan - 9200, no contact for nearly two years. No cca produced. Waiting for four more years before its statute barred


Can anyone recommend a suitable letter template to ensure that once i receive the dca's response this will be the last i hear from them?

Are there any templates out there to negotiate based on the outstanding balances being made up of excessive charges / interest in the case of Lloyds?

Once i can finally agree a settlement figure i'll post the reponses on here to see if there're adequate. Obviously i won't be sending any money before i get their agreements checked in writing from you guys.

Problem area and reason for my urgency for f+f's.

I worked for a company previously and through a save as you earn scheme have acquired shares which in theory are worth over 50k. However, as the company is still privately owned the shares are simply a certificate which cant be bought/sold until the company eventually floats.

My issue is that unless i can settle up my debts prior to the company float, debters would expect the full payments for outstanding balances....which would wipe out almost all of the share money, after taxes.

The aim > To settle the debts asap through f+f's for as little as possible whilst i am in my current situation. Essentially unemployed and skint....but potentially with a large lump sum when/if the company floats. I can raise 10000 through family and friends.



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