Cymruambyth v M&S

[cymruambyth]

Re: Cymruambyth v M&S

Now that ours be a letter that I would like to receive

[nightwatch]

Re: Cymruambyth v M&S

I agree with Spud, better deal with a DCA, unless M&S come back with a letter that I got ,offering that I pay 20%, alas I had no money to take them up on the offer. So I have for the last 3 years paid them nothing

[Spud]

Re: Cymruambyth v M&S

Usually, In fact almost always the better deal is to be had through a DCA

Although time is your friend here so I would not reply back to them too promptly ( or even at all)

Let them chase you again with another letter, That's 2 months more savings to put towards this!!!!!

By the time the account comes to a DCA they are more mindful to at least get something back although I know you are paying regular amounts on this so they will look for something better than they are already getting ect

As I see it, You have nothing to lose with a DCA and everything to gain. Playing "The Game" with a DCA could take you many months of letter tennis where you could be quietly saving a little more ect. 6-8 months down the road they will be begging you to be a "good customer" and make a settlement......After all its what they want.....That's what they thrive on......It makes them look good to the client if they can recover outstanding monies

[cymruambyth]

Re: Cymruambyth v M&S

An update! I'm still paying my £10 and ignoring them, but I have now had a letter asking me to get in touch or they will instruct a DCA. I'm hoping to be able to make f&fs later this year. Where will I get the best deal, through M&S or a DCA?

[cymruambyth]

Re: Cymruambyth v M&S

Hi PlanB

I'm only going to carry on paying £10 because that will prompt them to take action! I may be able to make a f&f later in the year so that is what I am working towards.

i have now found my original t&cs, which differ from those sent to me , though I don't have the CCA.

I'm not sure about the Chargecard; I will have to study the paperwork.x

[PlanB]

Re: Cymruambyth v M&S

At present I am just going to carry on with my direct debit.

You have three options:

1. Carry on with the £10 DD for 25 years in silence and hope they don't get impatient and issue proceedings.

2. Write and tell them your financial circumstances haven't changed since you set up the arrangement so you're not in a position to increase payments. Then carry on with the DD for 25 years.

3. Stop paying altogether and hope they sell your account to a debt purchaser who will accept the same monthly payments or a low F & F to avoid the kerfuffle.


I note your Personal Reserve account was opened in the same year as mine 1996. I still have my original credit agreement and the recon they sent me which differs and 'doesn't make sense' I don't want to post the details on here but I'll happily send it to Niddy to compare if it helps. It may not.

I also note your storecard started in 1988. Was it a Budget Card? Mine began life as a Budget Card in 1996 which was then upgraded to a Chargecard in 1999 and I had to sign new CCA at that point. None of this matters to me because mine was then "modified" into a credit card and Restons went quiet when I sent them a copy of the Santander vs Mayhew judgment. I wonder why that was

[cymruambyth]

Re: Cymruambyth v M&S

M&S 2


Type of account Personal Reserve


Date commenced 1996


Approx balance £3,000


Date last paid 2002


Are you on arrangement or not paying Arrangement


Status up to date


Account owner M&S

[cymruambyth]

Re: Cymruambyth v M&S

M&S 1


Type of account Chargecard


Date commenced 1988


Approx balance £3,000


Date last paid 2002


Are you on arrangement or not paying Arrangement


Status Up to date arrangemnt


Account owner M&S

[cymruambyth]

Re: Cymruambyth v M&S

Yes, one positive, both were defaulted in 2003 and have dropped off my credit file!

[nightwatch]

Re: Cymruambyth v M&S

think both of mine are now with Arrow after doing the rounds of most DCA's, one was originally passed to Robsonway, who I ignored, It has now been passed to them by Arrow,

[nanna58]

Re: Cymruambyth v M&S

Good luck cym

[cymruambyth]

Re: Cymruambyth v M&S

Hi Pixie, thanks I will get that sorted after work. At present I am just going to carry on with my direct debit.

[Pixie]

Re: Cymruambyth v M&S

Hiya Cym

It might be easier if you make a post set out like this for each account as they may be sent to different dcas:

• 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)

I think I would wait and see what they send next.

[cymruambyth]

Re: Cymruambyth v M&S

According to Niddy they look enforceable so best delaying tactics please.

[cymruambyth]

Re: Cymruambyth v M&S

Thanks for the comments. Yes the accounts are still with M&S. The CCA is dated 1988, was filled in by them and signed by me.