commit2change UE diary

[cymruambyth]

Re: commit2change UE diary

Buying a house sounds like a great idea. I would hold back until November, just to give a cushion. I'm not sure how much impact one default would have on a mortgage application or the rate offered. How long has the Link one got on your file? You would definitely get a flurry of letters, but you can get more help in fighting them.

[commit2change]

Re: commit2change UE diary

Hi guys

So I need some advice on my current situation and my plan. All advice welcome - though I won't promise to take it I've been thinking about this a lot recently.

My grandma died and my parents gifted me £20,000 as they wanted me to have our inheritance early. I spent some as you do but I still have a chunk left and I've been saving to rebuild it. I'd like to buy a house - I didn't think I'd be in this position so early in this journey and I don't want to spend the next 3 years renting that's £10,000 I could put in my home and future with this money sitting in the bank.

The plan:

All bar one default drops off in August / Sept so I'd like to apply in October. Only the stupid Link one remains (twats with the late default) for ~£5,000 and I still haven't had any paperwork back from them - I'd be looking at houses around £80,000 (or under obvs) with a ~£15,000 deposit (though I've found a lovely house at £125,000 I doubt I'd get a mortgage for that) leaving £5,000 for fees and moving etc. if I get a reasonable mortgage (not the expensive house) I'd be able to save ~£500 a month to rebuild my savings.

If I get a mortgage I know I'd be a target for the DCA's but since Lowell are likely to try to recover the money anyway and are so far enforceable I'd be open to a F&F or payment plan as I suspect this will happen anyway, they seem like they are very court happy. If I get the mortgage fixed for a few years I could probably clear them in three years esp as I'm sure I could hold them off for a bit while I saved.

If I get refused a mortgage I think I'd like to try and clear the Link debt with a F&F and removable of the default as it went on late anyway and if I'm paying it and acknowledging the debt anyway I can complain about the late Default and take it further, Then once removed I could try again in 6 months. Of course having a mortgage refused on my CR will awake the beasts - since I didn't get one I'm not sure Lowell will immediately think I have loads of money. If they do then I can F&F them which is the end plan anyway and then save and try again for a mortgage

I think this is a good way to go as Lowell will come after me sooner or later - so I might as well get a house and then deal with them after, if I have a mortgage already, payments to Lowell won't affect that and I can negotiate either F&F or a payment plan.

So thoughts?

(I hope this makes sense)

[commit2change]

Re: commit2change UE diary

Thanks - I've just realised that I've had a bunch of these in the past but I'll get that sent off today :-)

[The Tech Clerk]

Re: commit2change UE diary

New LBA response letter 2016 send treat as a letter before action = lowells do go ahead in almost all cases

[commit2change]

Re: commit2change UE diary

HI All

So Lowell Have sent me a Pre-Legal assessment letter for my Halifax CC debt.

My account remains unpaid so they are deciding weather to send to the solicitors to take legal action.

What letter should I send in response please, is it the New LBA response letter 2016 - or is that a little early. Should I be sending the Formal letter before action response - in AAD+. This account is enforceable sadly at the last check on the info they sent me.

Thanks all

Julie

[Pixie]

Re: commit2change UE diary

Also I can't believe I'm 2.5 years into this - how time flies. I wish I'd discovered this amazing forum when I first got into trouble and started a DMP. You guys are all amazing

Thank you commit2change

It is surprising how time flies. I've reached the magic 6 year mark but it doesn't seem all that long ago that I was nervously sending off my CCA requests

[commit2change]

Re: commit2change UE diary

Morning all

So Lowel have just been sending letters saying my account is on hold while they investigate :-)

Today I got a app form and T&C from Capquest re my HSBC account - just the same ones I got ages ago with the wrong date of birth, future address and no dates or sigs. That was already declared UE so I'm going to send them a missing PT letter.


Also I can't believe I'm 2.5 years into this - how time flies. I wish I'd discovered this amazing forum when I first got into trouble and started a DMP. You guys are all amazing

[nightwatch]

Re: commit2change UE diary

keep us in the loop with what you get back x

[commit2change]

Re: commit2change UE diary

Ok Been pretty slack in sending out letter - so getting myself sorted again.

3 letters out tomorrow - sold in dispute to Lowell x 2 and Capquest.

[commit2change]

Re: commit2change UE diary

Well it looks like the debt collectors are awake after xmas - a flurry of new letters tuned up this weekend - debts sold and passed along blah blah blah.

I'll list them shortly and get some replies sent out.

[Pixie]

Re: commit2change UE diary

I'd not worry about that now c2c. If there's a problem you can sort it after the debt is SB.

The last time I looked at my credit report (about 5 years ago) Barclaycard hadn't defaulted me but I'm not going to check now and possibly waken a sleeping beast close to SB.

[commit2change]

Re: commit2change UE diary

Have you any way of checking if the 1st Default was registered on your credit file as that could prove invaluable. RBS registered a default on my credit file when they defaulted me, then 5 years 11 months later they removed it and another a month later they issued me a new default and also registered that on my credit file. I wrote and requested them to remove the second default, they refused and denied they issued registered the first one. I wrote to the then FSA with copies of both defaults and copies of both credit files, within 2 months I received confirmation from RBS they had removed the default and "decided" to write off the outstanding amount due which was in excess of 6K. It sometimes can be useful to check your credit file when you are expecting defaults to drop off.

Hi

I checked and Barclaycard didn't default my account as far as I can see - last entry is Aug 2011 DA when it shows as settled.

No matter I have decided to save like mad and when I hit SB status buy a house. All defaults should be gone by then - and I can challenge If not.

I just printed out my credit reports so I have proof of the defaults on my accounts that are now showing - but I'm worried that my two Halifax debts have disappeared and Lowell will add new defaults that I can't challenge until SB - and while I have the original default notices - I don't have proof they defaulted on my credit record. :-/

[loring]

Re: commit2change UE diary

Have you any way of checking if the 1st Default was registered on your credit file as that could prove invaluable. RBS registered a default on my credit file when they defaulted me, then 5 years 11 months later they removed it and another a month later they issued me a new default and also registered that on my credit file. I wrote and requested them to remove the second default, they refused and denied they issued registered the first one. I wrote to the then FSA with copies of both defaults and copies of both credit files, within 2 months I received confirmation from RBS they had removed the default and "decided" to write off the outstanding amount due which was in excess of 6K. It sometimes can be useful to check your credit file when you are expecting defaults to drop off.

[nightwatch]

Re: commit2change UE diary

they should,but they often don't or,not while you are on an arrangement to pay, that is why we often suggest people stop paying and get the default on the file quicker,
it is sometimes the DM company that gets them to agree to an 'arrangement to pay' so they are withing their rights to report it to Credit Reference Agency's as an 'arrangement' and not a Default.

[commit2change]

Re: commit2change UE diary

it also depends if the 1st DN was put on the Credit file or just an AP(arrangement to pay) marker if on a DMP,
sometimes they don't register it as defaulted which is removed after 6 years, (5 Scotland) as an AP marker can go on forever,

Only an AA then BB marker was ever showing on that account, it had a debt assigned marker in Aug 11 when Link took over - they continued with BB markers until the Default on July 14.

So even if they send out a notice of default - and you don't rectify, they don't have to default your account?