Pookies UE Diary

[pooksthebear]

Re: Pookies UE Diary

correct, you ought to be trying to make a F&F, say around £100 to close this.... if you have it of course?

Hi Niddy, just before I found this site I stupidly offered a full and final of just under 60% (about £600 it was) but they refused and offered me a counter settlement of £900. I have £100 but if I cant go down the CCA route and they have already refused a much higher offer, dont they have all the balls in their court?

Thanks, Pooks

[pooksthebear]

Re: Pookies UE Diary

this is

Its also got PPi so if necessary we can look at a reclaim later on, which would lower the already small debt, to make it easy to F&F if necessary (to avoid court)...

Well done...

Aw thank you so much for having a look, im over the moon with the verdict!!

Do I just sit and wait for them to contact me again now? Also.. im a bit confused... if its unenforcable could it still go to court?

Thanks, Pooks

[Never-In-Doubt]

Re: Pookies UE Diary

Hello all!

Buchanan Clark and Wells have sent me my postal order back and instructed me to send it direct to Arrow Global so ive done that. Also had reply from Cabot who have sent my postal order back and state there is no need for them to provide a copy of my credit agreement as it does not apply to current accounts. They go on to say i have a £1206 balance and a payment plan for arranged for monthly instalments of £5.47.. hmmm not any more! Should I now contact Cabot and arrange to continue paying this privately?

Thanks, Pooks

correct, you ought to be trying to make a F&F, say around £100 to close this.... if you have it of course?

[Never-In-Doubt]

Re: Pookies UE Diary

Hi all, I have now received my CCA from RBS. I have read the thread about emailing it to Niddy but do i click the Email Niddy link or the Email CCA link on the bottom of his signature? Also... I dont have a scanner, I am going to see if I can scan and email it to myself at work on Monday but if that doesnt work or I cant do it does anyone know of any other way I can email it to Niddy?

Also, could someone please advise whether I now should contact Cabot to arrange a payment plan?

Thanks, Pooks

this is

Its also got PPi so if necessary we can look at a reclaim later on, which would lower the already small debt, to make it easy to F&F if necessary (to avoid court)...

Well done...

[pooksthebear]

Re: Pookies UE Diary

Hi Pooks,

As with all debt sales, you should been sent a Notice of Assignment, i.e. a letter EITHER from the original creditor OR from the debt purchaser which tells you of the new ownership. These are such darned loose things that it can even be a mention in another letter about something else but nevertheless you should be made aware of the new owner.

You are unlikely to get to see the docs themselves but you could ask them to prove they own the debt and under The Copies of Documents Regulations provide you with a copy of the Deed of Assignment. You will probably get drivel back and all sorts of excuses but it will serve as an NoA so you will know where you are. Then you could proceed as I suggested above in the sure knowledge that are not just acting as agents for the OC.

regards
Garlok

Thanks Garlok, is there a standard letter I can send or just write to them as per above quoting the regs?

Regards, Pooks

[garlok]

Re: Pookies UE Diary

Hi Pooks,

As with all debt sales, you should been sent a Notice of Assignment, i.e. a letter EITHER from the original creditor OR from the debt purchaser which tells you of the new ownership. These are such darned loose things that it can even be a mention in another letter about something else but nevertheless you should be made aware of the new owner.

You are unlikely to get to see the docs themselves but you could ask them to prove they own the debt and under The Copies of Documents Regulations provide you with a copy of the Deed of Assignment. You will probably get drivel back and all sorts of excuses but it will serve as an NoA so you will know where you are. Then you could proceed as I suggested above in the sure knowledge that are not just acting as agents for the OC.

regards
Garlok

[pooksthebear]

Re: Pookies UE Diary

Hi Pooks,

Pixie is right there, however you could offer a lower figure per month as a start, tell them thats it. Remember that they will have purchased that debt at something like 10p to 12p in the pound. If they don't actually own it by Assignment in Absolute then I would tell them to go and whistle as they could do nothing without the original creditor's involvement. So onwards, if you get them to accept that lower figure, save the difference yourself and in a few months time make them an offer in Full & Final. As a rule of thumb start at the 10% of the outstanding balance and work up in low increments to about 20% (gives them 100% profit on the purchase remember) if they refuse, then take the offer off the table and continue to pay the payments for a few more months and try again. It is more than likely they will come back to the table for a second round at that point stick hard at around 15% and let it rise all so slowly towards the 20 mark again. In the end you are likely to get a 25% settlement I would have thought. Its almost like playing poker.

regards
Garlok

Thanks Garlok,

How do I find out if they actualy own the debt? They refused to send me the cca and sent me my postal order back saying they dont have to send it because its exempt from the regulations due to it
being an account overdraft.

Regards, Pooks

[garlok]

Re: Pookies UE Diary

Hi Pooks,

Pixie is right there, however you could offer a lower figure per month as a start, tell them thats it. Remember that they will have purchased that debt at something like 10p to 12p in the pound. If they don't actually own it by Assignment in Absolute then I would tell them to go and whistle as they could do nothing without the original creditor's involvement. So onwards, if you get them to accept that lower figure, save the difference yourself and in a few months time make them an offer in Full & Final. As a rule of thumb start at the 10% of the outstanding balance and work up in low increments to about 20% (gives them 100% profit on the purchase remember) if they refuse, then take the offer off the table and continue to pay the payments for a few more months and try again. It is more than likely they will come back to the table for a second round at that point stick hard at around 15% and let it rise all so slowly towards the 20 mark again. In the end you are likely to get a 25% settlement I would have thought. Its almost like playing poker.

regards
Garlok

[Pixie]

Re: Pookies UE Diary

Also had reply from Cabot who have sent my postal order back and state there is no need for them to provide a copy of my credit agreement as it does not apply to current accounts. They go on to say i have a £1206 balance and a payment plan for arranged for monthly instalments of £5.47.. hmmm not any more! Should I now contact Cabot and arrange to continue paying this privately?

Thanks, Pooks

It's up to you if you want to pay it or blag it. If you want to pay it, then write to them and say you'll set up a standing order to pay £5.47 per month.

[Susie]

Re: Pookies UE Diary

Either the email CCA link but make sure you put your user name as part of the subject line so he knows it relate to your diary, or put a thread in the upload your documents part of the forum (main page at the bottom) and add the file as an attachment to the thread. You do that by starting the thread and under the box you type in is a bit that says additional options, one of those is add attachments so just click on it and up load. Only Niddy can see posts in there and you will only be able to see your thread.

[pooksthebear]

Re: Pookies UE Diary

I have no scanner (well not one that works!) so I take a photo of anything I need to send and attach it to the post or email. If the photo file size is too big to attach, save it as a .gif its a smaller size.

Oooh thank you Susie, what a good idea.. i shall do that! Which link do I send it to?

Ta, Pooks

[Susie]

Re: Pookies UE Diary

I have no scanner (well not one that works!) so I take a photo of anything I need to send and attach it to the post or email. If the photo file size is too big to attach, save it as a .gif its a smaller size.

[pooksthebear]

Re: Pookies UE Diary

Hi all, I have now received my CCA from RBS. I have read the thread about emailing it to Niddy but do i click the Email Niddy link or the Email CCA link on the bottom of his signature? Also... I dont have a scanner, I am going to see if I can scan and email it to myself at work on Monday but if that doesnt work or I cant do it does anyone know of any other way I can email it to Niddy?

Also, could someone please advise whether I now should contact Cabot to arrange a payment plan?

Thanks, Pooks

[pooksthebear]

Re: Pookies UE Diary

Hello all!

Buchanan Clark and Wells have sent me my postal order back and instructed me to send it direct to Arrow Global so ive done that. Also had reply from Cabot who have sent my postal order back and state there is no need for them to provide a copy of my credit agreement as it does not apply to current accounts. They go on to say i have a £1206 balance and a payment plan for arranged for monthly instalments of £5.47.. hmmm not any more! Should I now contact Cabot and arrange to continue paying this privately?

Thanks, Pooks

[pooksthebear]

Re: Pookies UE Diary

Hiya Pookie

I don't know much about defaults dropping off credit files as I've only had mine about a year so a long way to go yet.

I should think that the CRAs are probably just a bit slow. I'd leave it a few weeks then check again.

Regarding the overdraft, the debt is enforceable regardless of cca. Are you sure the debt has actually been sold ie have you had a letter informing you? Debts are often just passed around different dcas but are still owned by the OC. I'd blag this one and then arrange a payment plan or F&F if they come up with legal threats. Just keep us informed.

Hi, I am not sure who actually owns the debt. I know when I first offered the full and final on this (before I changed tack), they replied saying their underwriters had refused the offer but then offered me a counter offer. I will wait until I get some mail from them and then will negotiate a payment plan, they were accepting £5.50 with the dmp on a £1200 debt so hopefully they will agree to keep this as it is.

Pooks