canfords diary

[canford]

After years of struggling i'm finally taking the unenforceability route.

I've sent my first CCA requests this morning. I have checked my credit file and listed each account individually. I'll update as the CCA requests come through.

Hopefully Niddy can help out with checking my CCA's? ;K7

My aim is to try to straighten out my credit file through unenforceability, but if the debts are enforceable I'd like to try and get the payments down to the minimum possible...to give me a chance to negotiate f+f's sometime down the line.

Great job on the site update btw.

[canford]

Re: canfords diary

HSBC Loan
20k - Taken July 2005
CCA request sent - Awaiting reply
Outstanding balance - 9000
Last full payment made - June 2010
DCA - Still with HSBC
Current Status - Making regular payments, varying from week to week, currently 5 months behind

[canford]

Re: canfords diary

HSBC Credit Card
5k - Taken April 2005
CCA request sent - Awaiting reply
Outstanding balance - 700
Last full payment made - Account upto date
DCA - Still with HSBC
Current Status - Making regular payments, varying from week to week, currently upto date...though have been paying the minimum for two years

[canford]

Re: canfords diary

Barclaycard
13k- Taken June 2005
CCA request sent - Awaiting reply
Outstanding balance - 13k
Last full payment made - Sept 2010
DCA - Still with Barclaycard
Current Status - Making regular payments, varying from week to week, currently upto date

[canford]

Re: canfords diary

American Express
2.5k - Taken Dec 2007
CCA request sent - Awaiting reply
Outstanding balance - 2.5k
Last full payment made - Oct 2010
DCA - Still with American Express
Current Status - Making regular payments, varying from week to week, currently upto date

[canford]

Re: canfords diary

Credit File


Lloyds Current Account - 5k overdrawn
Status - Satisfactory
Start date - Dec 2006
Struggling to meet payments, bank have stopped increasing my overdraft and are requesting I repay...

HSBC Loan - 9k outstanding
Status - 5 months late
Start date - July 2005

American Express - 2.5k outstanding
Status - Satisfactory
Start date - Dec 2007

O2 - Balance of £130 Settled Sept 2010
Status - Default
Default Date - September 2009
Start date - Nov 1996
Settled the account as soon as i realised it was overdrawn...
Question - Is there any chance i could get this default removed?

O2 - £0 outstanding
Status - Satisfactory
Start date - June 1999

Natwest Current Account - £0 outstanding
Status - Satisfactory
Start date - Jan 2002

Natwest Current Account - £0 outstanding
Status - Satisfactory
Start date - April 2004

Royal Bank Of Scotland - £0 outstanding
Status - Satisfactory
Start date - Nov 2001

HFC Bank plc - Credit Sale - £0 outstanding
Status - Settled
Start date - June 2006

HSBC Bank plc - Current Account - £0 outstanding
Status - Settled
Start date - April 2007

Orange - Daughters Mobile Phone... - £0 outstanding
Status - Default
Default Date - August 2009
Start Date - Oct 2007
Settled the account as soon as i realised it was overdrawn...
Question - Is there any chance i could get this default removed?

Lloyds TSB Bank plc - Settled - £0 outstanding
Status - Satisfactory
Start Date - May 2007

Lloyds TSB Bank plc - Settled - £0 outstanding
Credit File still showing as , but I settled this account with a full and final settlement (about 50%) last year...
Status - 4 payments late
Start Date - March 2006
Question - Should I send a letter to try and get the credit file updated with Satisfactory / Settled?

HSBC - Credit Card - £700 outstanding
Status - Satisfactory
Start Date - April 2005

Barclaycard - Credit Card - 13k outstanding
Status - Satisfactory
Start Date - June 2005

Natwest Credit Card - 3k outstanding
Status - Satisfactory
Start Date - Nov 2004

Natwest Credit Card - 3k outstanding
Status - Satisfactory
Start Date - Nov 2004

[Never-In-Doubt]

Re: canfords diary

Hiya

Ok, regards to your debts - you need to be looking to send a CCA to each and every credit related account meaning you cannot CCA mobile phone or other utilities, nor can you CCA bank accounts (overdrafts) - otherwise, for all cards and loans then send a CCA off and then post an update with each, and email me the agreements to check one by one.

Right now, forget your credit file cos no matter what you're going to end up defaulted if you take the UE route so having one or 100 defaults makes no difference, you'll not get credit for some time. I'd seriously think about cessasion of all payments into these types of accounts which will get their attention, then you let the lender sell the debt and make offers with the DCA for any enforceable or exempt debts such as mobiles/overdrafts,

Lots to take in but pointless half-doing a job, you need to see it through from start to end.

Regards to your bank accounts, you must ensure you do not use any of the card or loans lenders as your main account, so if you bank with HSBc then you should move as they will start to offset the debt at somepoint using your credit in the bank account if necessary.

Hope the above makes some sort of sense?

[canford]

Re: canfords diary

Hi Niddy,

Many thanks for the quick reply.

As things stand i have:

HSBC Loan - 9k - CCA request sent
HSBC Credit Card - 700 - CCA request sent
Barclaycard - 13k - CCA request sent
American Express - 2.5k - CCA request sent
Natwest Credit Card - 3k - No CCA request sent
Natwest Credit Card - 3k - No CCA request sent

I am listening to what you say about doing half a job.

[size=5]Haven't sent CCA requests for my two seperate Natwest Credit Cards yet. Basically, this is my local bank and i am reliant on having access to physical cash for my job. This may sound daft but i didnt want to spoil my relationship with Natwest... Should i send Natwest CCA requests regardless? Will this effect how they are with me? I was hoping that if any of my other debts were unenforceable i would have been able to settle my Natwest cards and keep banking with them. Is that a bad idea?

The other thing is that i have never reclaimed any charges back on any of my cards/accounts. Should i put this on the backburner for now until the CCA's are received?

I had been using my Lloyds bank account which is 5k overdrawn. I do have a parachute account aswell. Is there anything i could do to try and reduce/settle this Lloyds overdrawn account? Are 1 pound token payments the way to go?

I will send you copies of the CCA's once received.

Thanks again,

canford

[Never-In-Doubt]

Re: canfords diary

Hiya ;Hi

You "shouldn't" really keep any accounts cos ultimately the minute that you get defaulted from the other lenders Natwest will see this and panic and start to reduce your limits anyway! All banks utilise monthly CRA feeds and this is what allows them to safely manage your limit.

So, why you'd want to keep ANY accounts beats me.... usually UE is the final straw, the last chance saloon before formal action such as IVA/BR.... it is not designed to allow you to sinply not pay your debts.

have a rethink and post back, of course i'll help with the accounts you want help with but i'm saying, you're wasting your time if you actually believe that you can keep two accounts open whilst defaulting on the rest. That can also look dodgy if you ever went down formal route, cos you are favouritising creditors......

So with respect to your charges/reclaims - yep, put this on hold for the moment until we establish what is enforceable/unenforceable..... and update this when you hear back from the 4 CCA requests you have sent out. k k

[Never-In-Doubt]

Re: canfords diary

I had been using my Lloyds bank account which is 5k overdrawn. I do have a parachute account aswell. Is there anything i could do to try and reduce/settle this Lloyds overdrawn account? Are 1 pound token payments the way to go?

Can you confirm whether you use the Natwest as your main bank now? I'd look to pay a pound or so each month..... or just ignore them and see what action they attempt to bring, at which point you can then negotiate something.....