sebaab's diary

[sebaab]

Re: sebaab's diary

Debt 4
Type: Credit Card (Barclaycard)
Start Date: 2008
Balance: 5.2k
Last full Payment (min payment): Nov '12. Since then arrangement via DMP to Sept 2016
Paying by: not paying
Status: default
Account Owner: PRA Group UK
Key:
sent
received
other information

Start of Diary:
11 Oct 2016 DMP direct debit cancelled. Payments stopped
20 Jan 2017 from PRA Group "Your account is being managed by our investigations and Litigation Department to look at your outstanding debt for possible litigation recovery." "If we do not hear from you within 14 days we will move to the next stage"
8 Feb 2017 from PRA Group "This is a letter before claim as required by the Practice on Pre-Action Protocols, to give you notice of PRA Group's intention to issue court proceedings against you" Gives details of the "written agreement" that I entered into.
Feb 2017 CCA request sent to PRA Group
Update Feb '17 Letter from PRA Group "Dear Mr (Incorrect Surname!)", "I've requested the required information. Until this is received I have placed your account on hold", "I will contact you as soon as possible"
Update Sept '17 Letter from PRA Group A basic account summary. Also a discounted settlement offer.
Update Jan '18 Letter from PRA Group "We have enclosed copy documents as requested. Enclosed: Short Form Cancellation, Historic Terms and Conditions, Varied Terms and Conditions"

[sebaab]

Re: sebaab's diary

Debt 3
Type: Bank Overdraft (Natwest)
Start Date: 1991 (opened account)
Balance: 2.7k
Last full Payment (interest payment): Nov '12. Since then arrangement via DMP to Sept 2016
Paying by: not paying
Status: default
Account Owner: Wescot Credit Services
Key:
sent
received
other information

Start of Diary:
11 Oct 2016 DMP direct debit cancelled. Payments stopped
24 Dec from Wescot "contact us directly to discuss your situation"
Update Sept 2017 from Moorcroft "As no agreement has been reached we are now in the process of reviewing your account to consider the steps which may be taken in relation to further debt recovery action. The options include recommending one of the following: (1)Continue in our attempts to contact you by letter and phone, (2)Instruct a local representative to arrange to call at your home address to try to re-establish contact with you"
Update Dec 2018 from ZINC Credit Management "We have had no response to our previous letter and we have not been able to contact you. As a result we are concerned that time is now running out on the many options we have made available to you. We are keen to resolve this issue so please get in touch ASAP"

[sebaab]

Re: sebaab's diary

Debt 2
Type: Credit Card (Barclaycard)
Start Date: 2005
Balance: 800
Last full Payment (min payment): Nov '12. Since then arrangement via DMP to Sept 2016
Paying by: not paying
Status: default
Account Owner: PRA Group UK
Key:
sent
received
other information

Start of Diary:
11 Oct 2016 DMP direct debit cancelled. Payments stopped
Apr 2017 Letter From PRA Group "Could you settle your account?", "You can pay by installments or make a one off discounted payment" (discounted by 10%)
Update May 2017 from PRA Group "Could you settle your account? You could settle your agreement by paying a discounted amount. Call us to set up an affordable plan"

[sebaab]

Re: sebaab's diary

Debt 1

Type: Credit Card (Barclaycard) (Formerly Egg Card)
Start Date: 1999
Balance: 4.5k
Last full Payment (min payment): Nov '12. Since then arrangement via DMP to Sept 2016
Paying by: not paying
Status: up to date
Account Owner: Link Financial Outsourcing
Key:
sent
received
other information

Start of Diary:
11 Oct 2016 DMP direct debit cancelled. Payments stopped
21 Oct 2016 from Asset Link Capital "we have assigned Link Financial Outsourcing Ltd to service your account. Please continue with your regular payments"
Feb 2017 CCA request sent
Update Feb '17 Letter from Link Financial "You've requested documents under section 77/88", "We purchased your debt from Barclaycard in Sept 2016", "We've requested the documents", "Can take up to 30 days"
Update March 2017 Letter from Link Financial "With reference to your section 77/78 request the original creditor has confirmed that they are unable to fulfill this. Although the agreement is unenforceable the account balance remains collectable"
Update May 2017 Letter from Link "Statement of Account", "Notice of Sums in Arrears", "The current arrears represents the outstanding balance as you have failed to maintain payments in accordance with the terms of the original agreement so the full amount has become due"

[sebaab]

Short history. Mid 2005 to 2008 overspent on credit cards trying to support family on lowish wages. Wife not working due to disabled son. 2008 wife suffers sudden illness so I have to take 10 months off work on half pay to look after 3 kids. Can't afford credit card repayments so slip into overdraft thus adding to debts. My dad bails me out with a 10k gift but this is too little, too late. By end of 2012 I realise I can't carry on. In 2013 started a DMP with Gregory Pennington. Debt just over 40k by then. Paid every month until now (Oct 2016). Outstanding debt now £21k. Sick of being skint. Sick of paying GP £550 (£90 fee) every month! Can honestly say that the last few years have been hell financially and I will never touch another credit card again.

edited to amend incorrect date. 2011 now changed to 2012