Moonmonkey's Diary

[MisterK]

You are quite right. Every case is different.

If you're in a hurry to get to a certain point then it will probably cost you more than someone who has the time to play it along for the best outcome in terms of how much it's going to cost them. Good luck, there is still plenty to learn here.

[Moonmonkey]

what are you doing offering 10% on these debts ???? that is admitting debts that you may not owe to some companies??? SIT ON YOUR HANDS FOR NOW wait before doing any more?

No matter what - these debts are going to be cleared this year. I had 46k and today’s balance is 3750. If they don’t come up with valid ccas then that is my leverage to make low offers. Everyone one is different - I personally would sleep better at night knowing I am debt free with no chance of a debt becoming enforceable years down the line. I have got this far and I’m not having another year or 6 worrying about debt. So I’ll offer 10% and if they don’t accept it then I’ll wait a few more months and see what they come up with.

[MisterK]

It's important to bear in mind that taking this approach to debt management often involves quite a lot of time steadfastly ignoring phone calls and letters, keeping your head down and not being goaded or threatened into communicating. Silence is golden for much of the time.

But it's also about being ready to act when, and only when, you need to and that's where this forum is valuable. Even if a CCA request doesn't come back the way you might like it to, it might still be far too early to even think about taking any action like making offers. Be guided by the forum members.

[The Tech Clerk]

what are you doing offering 10% on these debts ???? that is admitting debts that you may not owe to some companies??? SIT ON YOUR HANDS FOR NOW wait before doing any more?

[Moonmonkey]

Sainsburys Bank Personal Loan / Wescot

Agreement Start Date: 15/02/2008
Feb 20 Balance: £1539.86
Last Payment via Payplan: 15 Feb 2020 £137.10
CCA requested: 27/02/2020
CCA signed for: 28/02/2020

09/03/2020 - Letter from Sainsbury's Bank Recoveries in Hull
Saying - "We need you to call us, before we can take the next steps"

What should I do?

23/03/2020 - Letter from Sainsburys bank dated 10/03/2020 sent to me muvvas - saying that they have passed the debt onto Wescot and refer to my arrangement through payplan - self managing now and withholding payment until i get an enforceable CCA.

23/03/2020 - Letter from Wescot dated 11/03/2020 again sent to me muvvas - saying that they have been passed the debt from Sainsburys and refer to my arrangement through payplan.

24/04/2020 - I offered them F&F of 10% awaiting response.

Update

[Moonmonkey]

Only the one CCA received so far - which was enforceable with MBNA / Link. I have 2 debts with Link - I have today settled the MBNA one, I was also offered 65% for the Barclaycard / Link debt but I have not received the CCA so i wont be paying a penny at this point. Nothing further from Robway, Wescot or Nationwide.

[Moonmonkey]

MBNA CC / Link

Agreement Start Date: 08/08/2011
Feb 20 Balance: £1333.12
Last Payment via Payplan: 15 Feb 2020 £118.69
CCA requested: 27/02/2020
CCA signed for: 02/03/2020

18/03/2020 - CCA recieved from Link
They have said - The account is now enforceable and we kindly request that you contact us to make an arrangement.
They have sent;

• An account summary on Link Headed Paper; However they have put the Link A/C no. and balance of my Barclaycard which also has a CCA request. As this is just part of a covering letter not sure if this can be held against them?
• Pre Contractual Explanation Sheet
• Pre Contract Credit Information (one pager in tiny writing)
• Credit Card Agreement with my Name and Address at the time (again one pager tiny writing)
• 7 pages of terms and conditions
• Emailed to Niddy - hope he can read the photos as no access to scanner from home

21/03/2020 - Niddy says Enforceable

28/04/2020 - Settled for 60% - Happy with that

Update

[Moonmonkey]

Hey Moonmonkey, i am exactly on the same situation as you are, received a letter from Robinson Way a week ago saying account is on hold temporarily and will be in touch once they get more information on the CCA request that was made 4 weeks ago.
Any update your side? Also guys i am brand new to this forum so if i am doing something incorrectly or a better way to post please advice. Apologies in advance.

Hi - no nothing at the minute - welcome to the forum

[Maximus75]

Hey Moonmonkey, i am exactly on the same situation as you are, received a letter from Robinson Way a week ago saying account is on hold temporarily and will be in touch once they get more information on the CCA request that was made 4 weeks ago.
Any update your side? Also guys i am brand new to this forum so if i am doing something incorrectly or a better way to post please advice. Apologies in advance.

[Moonmonkey]

Sorry Moonmonkey , this is my last post and I'll start my own diary soon.

haaaa im only messing

[johnbruce]

Get off my diary

Sorry Moonmonkey , this is my last post and I'll start my own diary soon.

[Moonmonkey]

This is amazing Di. Tesco debt assignment letter mentioned that my debt is assigned to Intrum UK Finance Limited but some other letters from Intrum had FCA logo on them with statement that Intrum is regulated and authorised by FCA with reference number 718918 which is Intrum UK Limited and according to companies house , Intrum UK Finance Limited and Intrum UK limited are two different companies.

Get off my diary

[johnbruce]

..............you may like to see what Jo recently posted about Intrum >

Di

This is amazing Di. Tesco debt assignment letter mentioned that my debt is assigned to Intrum UK Finance Limited but some other letters from Intrum had FCA logo on them with statement that Intrum is regulated and authorised by FCA with reference number 718918 which is Intrum UK Limited and according to companies house , Intrum UK Finance Limited and Intrum UK limited are two different companies.

[Joanna Connolly Solicitors]

Hi Di, Thank you for your post.

. . . 4 debts are with Link which they purcchased from Barclays, MBNA and Coop bank (persoanl loan) and 1 debt is with Intrum which Intrum purchased from Tesco bank.

You've definitely got your priorities right focusing on your exams.

We'll catch up when that's all done but in the meantime you may like to see what Jo recently posted about Intrum >

Intrum UK Finance Limited is not authorised by the Financial Conduct Authority to exercise the rights of a lender. They rely on the para 55 FSMA 2000 servicing exemption.

We look forward to using the same legal arguments in the future against Intrum UK Finance Limited which we used against Idem Capital Securities Limited in the recent successful FCA authorisation Appeal where the Circuit Judge found that the para 55 FSMA 2000 servicing exemption did not allow the unauthorised debt purchaser to issue proceedings in the county court.

Intrum also have issues with their assignment process and documentation.

If you are currently defending a claim with Intrum, whether stayed or ongoing, or they have obtained a Default Judgment against you and you have any query please post any queries on this thread..

Good luck with your exams

Di

[johnbruce]

Hello johnbruce

I look forward to helping you with your debts when you start your own Diary.

You say in your post that you have two old Barclaycards from 2007/8 - do you have any other debts which may need help?

I also see that Link has not complied with your CCA Requests to them so those debts are unenforceable unless or until they do comply. Are you still paying Link?

Start a new thread and we'll take it from there.

(it's too soon to send a SAR to Barclays just yet.)

Di

Hi Di,

Thank you for your post. Yes, I have total 5 debts , 4 credit cards and 1 personal loan. I was paying £1 token payment each month to all including Link but now I have stopped payments after they not complied with my CCA requests. 4 debts are with Link which they purcchased from Barclays, MBNA and Coop bank (persoanl loan) and 1 debt is with Intrum which Intrum purchased from Tesco bank.

Right now I am busy with my IT exam and struggling to do one online Proctor exam due to Covid 19 situation. I will start my own diary hopefully within 2/3 weeks.