Buffy's diary

[buffy300577]

Hi guys, firstly I have to say I'm glad I found this forum

Secondly I could do with some advice on our problem.
We have been on a DMP with Payplan for 4 years. At the moment paying £145 to it and our debt is around £18000, which means it will take us a looooong time to pay it off. We have 10 different credit accounts and all but one are defaulted. Most have been passed to DCAs (thought i believe Moorcroft is part of HSBC). We were thinking about stopping the DMP and sending CCA's. Should I only send them to the accounts that were opened before April 2007? In our case that is only 2 loans and a credit card with HSBC but those are the biggest debts, totalling around £13000.

If we stop the DMP then we can save those payments to pay for F+F settlements. Our defaults still have around 4 years left on them.

What's the best course of action? Stop the DMP and send CCAs to HSBC and then see what the other creditors do? Should we contact Payplan and say we only want to make token £1 to each creditor?

I was thinking that if I stop the DMP I can pay that money to the creditors that are past April 2007 and clear the debt in full with one creditor at a time. These are mostly credit cards:
Moorcroft £180 (Argos card)
Moorcroft £450 (Homebase card)
CL finance £500 (dont even remember)
Barclaycard £1000 (was Egg card)
Halifax £1400
Barclays £400
Aqua £700

With HSBC debts I would love to sort out a F+F or even better if they end up being UEs

Any advice would be great

[IF]

Re: Buffy's diary

Hi buffy300577 and welcome, please could you read the post below from Never-in-Doubt. The more information the better for Niddy.

Best wishes on your UE journey
IF…x

To help me, to help you, please provide the following information for each account:

• Type of account (credit card/loan)
  
  
• Date commenced (ideally before Apr 2007)
  
  
• Approx balance
  
  
• Date last paid (approximate date you last made a FULL payment)
  
  
• Are you on arrangement or not paying
  
  
• Status (default/in arrears/up-to-date)
  
  
• Account owner (who is writing to you, a DCA or the lender)

Providing the above information, for each account helps me. Then, when you start the process lay your diary out in a format like this example

---> Example of perfect layout

All you have to do is read down, you'll see Pixie has placed each account in its own post with updates in colour under each so when she updates these, it is easier for me to spot any changes and advise accordingly.

[buffy300577]

Re: Buffy's diary

wont let me delete post

[buffy300577]

Re: Buffy's diary

Halifax
Current balance £1385
Account Opened: 28 June 2007
Last full payment: March 2009
Default Date: 3 February 2010
DMP with Payplan cancelled January 2014 - Not paying anything at the mo

26/06 CCA Request & Proof of Default send
CCA back looks
14/01/14 Still paying £1 a month
01/02/14 Last payment to the DMP
24/07/14 I've had no contact from Halifax
02/03/14 Halifax have send one letter i think since July which i have ignored. One year left for Default to come off my file
29/07/15 This is still with Halifax but they haven't bothered me for nearly a year. Default drops off my credit file in 6 months and it will be the last default
12/11/15 Letter send from Akinika, saying debt has been passed to them and offering a discount
24/11/15 Letter send to Akinika offering them £300 as a F+F settlement
24/04/17 Debt is off my Credit File, i haven't heard from them since 2015 .I recently tried a mortgage application with them and was declined due to a debt that was written off on their files. I'm guessing it was this one.

[buffy300577]

Re: Buffy's diary

HSBC - Was with Metropolitan, now with Arrow Global
Current balance £3755 (loan)
Account Opened: 26 August 2006
Last full payment: June 2008
Default Date: 17 April 2009
DMP with Payplan cancelled January 2014 - Not paying anything at the mo

6/6/12 Send CCA letter
20/6/12 Received letter, only referring to the overdraft, Section 78 does not apply to current accounts.
25/06/12 Letter from Metropolitan. When they have the docs they will send them to me.
17/7/12 Send CCA Reminder - Unenforceability Threat
CCA back, awaiting Niddy's judgement
04/08/12 Niddy says it could be but blag it for the time. Sending CCA Query - Missing Prescribed Terms on Monday
02/01/14 Have send them a F+F for 15%, also this account does not appear in Noddle or Experian reports
24/07/14 I've had no contact from Metropolitan
02/03/15 Nothing heard from them still. 2 months left before it drops from my credit file
24/11/15 This has now fallen off my credit file and i haven't heard anything from them in 2 years. Lets hope they stay away
24/04/2017 I started getting letters from Reston Solicitor threatening legal action now. It seems that this loan has now somehow been converted to an overdraft from HSBC

[buffy300577]

Re: Buffy's diary

HSBC mastercard - Was with Metropolitan, now with Arrow Global
Current balance £4178
Account opened: 14/01/1999
Last full payment: June 2008
Default Date: 13 November 2009
Stopped payments August 2013

6/6/12 Send CCA letter
26/06/12 Letter from Metropolitan, they don't have the documents now, will issue to me when they do
17/7/12 Send CCA Reminder - Unenforceability Threat
CCA back, awaiting Niddy's judgement
04/08/12 Mastercard 100% Sending "Missing terms" on Monday

April 2013 - Account was sold to NCO Arrow Global
20th May 2013 - Account sold in dispute letter send to Arrow Global
30th December 2013 - I haven't heard anything from Arrow Global since May.
24/07/14 Still nothing from them, been a year since last payment
02/03/15 Nothing heard from them, in November default drops off
24/11/15 This has now fallen off my credit file and i haven't heard anything from them in 2.5 years. Lets hope they stay away

[buffy300577]

Re: Buffy's diary

CL finance
Current balance £500 (credit card)
Account Opened 29 October 2007
Last full payment: June 2009
Not defaulted, shows DMP as 6 missed payments
Currently on DMP with Payplan paying £1

On the 1st Feb 2013 they accepted F+F of 50% and debt is now cleared

[buffy300577]

Re: Buffy's diary

Moorcroft (Homebase store card)
Current balance £407
Account Opened 29 December 2005
Last full payment: March 2009
Default Date 4 July 2011
DMP with Payplan cancelled January 2014 - Not paying anything at the mo

6/6/12 Send CCA and default letter
18/7/12 Send CCA Reminder - Unenforceability Threat
4/08/12 Send them a F+F request
update: They are asking for 80% as F+F settlement
30/12/13 Got another offer letter for around 73%, have replied that I can only afford 60%
10/1/14 Moorcroft letter saying lowest they will accept is £300
14/01/14 Send reply letter saying I can only afford £200
24/07/14 Last week they kept calling everyday and leaving voicemail, i just ignored them and they went away
01/09/2014 Account has been passed to Fredrickson. They have called several times and now send letter threatening Court Proceedings.
02/03/15 I send them a letter asking proof of the default notice. They have send me back to Homebase.
24/11/15 This is not appearing on my credit file anymore, not sure if they have closed the account.

[buffy300577]

Re: Buffy's diary

Moorcroft (Argos store card)
Current balance £266
Account Opened 3 February 2006
Last full payment: March 2009
Default Date 25 June 2009
Currently on DMP with Payplan paying £1

6/6/12 Send CCA and default letter
18/7/12 Send CCA Reminder - Unenforceability Threat
CCA back, Niddy says
4/08/12 Send them a F+F request

On 8th Jan 2013 they accepted F+F of £200 and the debt has been cleared

[buffy300577]

Re: Buffy's diary

wont let me delete post

[buffy300577]

Re: Buffy's diary

wont let me delete post

[buffy300577]

Re: Buffy's diary

wont let me delete post

[Never-In-Doubt]

Re: Buffy's diary

They're all newish debts and likely to mainly be enforceable however no harm getting a cca

[buffy300577]

Re: Buffy's diary

Its only the HSBC ones that are prior to April 2007 but those are the biggest 3. If we stop making payments to the DMP what's the most likely thing to happen? I was thinking to continue with the payments to the 2 that are not defaulted yet and try and pay them in full asap.
I think its only Moorcroft that are a debt recovery agency that the debt was sold to the rest are still with the original creditor or a agency that works for them. If we make no payments to them how soon can they slap us with a CCF?

[Pixie]

Re: Buffy's diary

Do you mean CCJ?

I don't think there's a definitive time scale but someone else might know more but we could help you before it got to that. There are people on here with quite large enforceable debts that they haven't paid for a year or two (or longer) and are blagging.

Apart from your loans, they are all relatively small amounts and it would be unlikely(but not impossible) that they take you to court for them.

As Niddy says, you've nothing to lose by sending cca requests.