Alland UE Diary

[alland]

Re: Alland UE Diary

Update #1 19-04-11
Egg card

Update 12-04-11
Egg Card

Well as it looks like I have blagged the Egg account for as long as I can as it is considered enforceable.
In view of the letter I received with the threat of the imminent issue of a county court order, and discussions with Niddy, I bit the bullet and called Trevor Munn solicitors, who ARC credit management claim are their appointed “solicitors”, well I thought I was calling Trevor Munn, in fact as it turned out it was ARC credit management who answered the phone, ARC who are acting on behalf of Egg Banking, and Trevor Munn “are one and the same”. So, usual misleading tactics by a DCA to lead you to believe you are being contacted by an independent legal firm.


Anyway, to avoid the possibility of the account being passed to county court for litigation, I told the call centre representative that I was calling to let them know I would be making an offer within the next few days, after a somewhat strained conversation (which was also a little funny at times, as when he asked me for a contact phone number, I said I was calling from a friends, I said I didn’t have a phone, as I was hard of hearing, to which he responded by shouting everything down the phone at me..)

So as the conversation continued, he tried to get me to give him my debit card details, and he tried his best to get me to commit to an offer there and then, and he also wanted me to go through an income and expenditure survey there and then, needless to say he was unsuccessful on all counts.

He eventually (but reluctantly) agreed to put the account on hold which would delay any intended county court involvement for a week to give me time to make an offer in writing.


I was a little undecided, on whether to make a low full & final offer on the account or try for a low monthly repayment plan.

I have decided on making a very low F&F……which will be £8K less than the outstanding balance as it sits right now. I can’t see them being very happy with the offer, but we will see what their reaction is.
Watch this space...

Ok two letters received today, (both showing same date) from ARC Credit Management in reply to my F&F offer to Egg. The offer I put forward was for £2K (the balance on the account with interest currently sits at £10,336.

Letter No1 states, "In order to accept your proposal of £2,000 in short settlement on the account, our client has stated that they require you to provide a full financial statement clearly showing your financial situation with your incomings, outgoings and list of creditors.If we do not receive your finanacial statement within 14 days,the offer of payment will be rejected and this account will be passed back to our solicitors for further action"

Letter No2 states, "We refer to your recent offer to pay and confirm that we are willing to accept £6,300 to settle this debt, so long as payment is made in accordance with the following terms: Payemnt 1: £6,300 by 30th April 2011"

A little confusing to say the least.. ...

[alland]

Re: Alland UE Diary

Best of luck matey - remember, offer around £2k or £50 per month, whatever - but remember it has to be fair in line with other creditors so say you have 10 debts at £10k each, you cannot allocate a higher amount to this one account so when you make the offer, emphasise the fact you have several other debts (and list them) and mention that if they fail to accept the F&F then you'll have to put them in the queue with the others and therefore pay them X amount per month, forever!

It usually helps to get the deal you want, can you send me the letter prior to posting it, so I can check over it? Obviously I know you're diligent enough to do this yourself, but you may miss a couple of key points which can only help you win this fight....

Cheers

Sorry Niddy I missed this post before I sent off a letter offering a F&F..
Anyway as you will see in following update things are moving on with this Egg account...

[Never-In-Doubt]

Re: Alland UE Diary

Thanks guys,
I'll report back on this when I hear back from them.

Best of luck matey - remember, offer around £2k or £50 per month, whatever - but remember it has to be fair in line with other creditors so say you have 10 debts at £10k each, you cannot allocate a higher amount to this one account so when you make the offer, emphasise the fact you have several other debts (and list them) and mention that if they fail to accept the F&F then you'll have to put them in the queue with the others and therefore pay them X amount per month, forever!

It usually helps to get the deal you want, can you send me the letter prior to posting it, so I can check over it? Obviously I know you're diligent enough to do this yourself, but you may miss a couple of key points which can only help you win this fight....

Cheers

[Never-In-Doubt]

Re: Alland UE Diary

....and as if by magic, my account is on hold (for now).

Typical eh?

[SLUG]

Re: Alland UE Diary

HI Alland - as you know we are in the same position with regard to our EGGy friends, almost exactly the same infact!

Good luck with what you're doing, but I have decided not to fold my hand just yet. Having had one other account go the distance I am aware that if they do file for court you have a chance to make an offer when these papers are recieved, if that's what you wish to do.

Anyway, I'll keep you updated with my case... from what research I could find TM do bark a lot but dont often bite - that was from experiences a few years ago mind, and I am fully prepared that they are indeed going to bite this time! But I'll deal with that if and when....

.....of interest to me is that since my response to TM I am getting hit hard with withheld numbers - with only this account seemily active at the moment Im relating the two. If they are indeed going to court this doesn't seem like a tactic they would use - pure guess work of course. My account that did, threatened court and then did it without contacting me again.

Anyway, good luck my friend.

....and as if by magic, my account is on hold (for now).

[SLUG]

Re: Alland UE Diary

Thanks guys,
I'll report back on this when I hear back from them.

HI Alland - as you know we are in the same position with regard to our EGGy friends, almost exactly the same infact!

Good luck with what you're doing, but I have decided not to fold my hand just yet. Having had one other account go the distance I am aware that if they do file for court you have a chance to make an offer when these papers are recieved, if that's what you wish to do.

Anyway, I'll keep you updated with my case... from what research I could find TM do bark a lot but dont often bite - that was from experiences a few years ago mind, and I am fully prepared that they are indeed going to bite this time! But I'll deal with that if and when....

.....of interest to me is that since my response to TM I am getting hit hard with withheld numbers - with only this account seemily active at the moment Im relating the two. If they are indeed going to court this doesn't seem like a tactic they would use - pure guess work of course. My account that did, threatened court and then did it without contacting me again.

Anyway, good luck my friend.

[alland]

Re: Alland UE Diary

Thanks guys,
I'll report back on this when I hear back from them.

[nanna58]

Re: Alland UE Diary

Dopey s good at murder perhaps that could be plan B
good luck with the offer matey xx

[swanfan]

Re: Alland UE Diary

You could always add to your letter if F & F is not accepted, you'll be offering xx amount per month.

May work, they always try it on why shouldn't you??

Best of luck mate whatever you decide.

[MrsD]

Re: Alland UE Diary

hope it goes well Allan, watching with interest...................

[jet set willy]

Re: Alland UE Diary

Good luck from me :-)

With the low offer i mean!

[alland]

Re: Alland UE Diary

Update 12-04-11
Egg Card

Well as it looks like I have blagged the Egg account for as long as I can as it is considered enforceable.
In view of the letter I received with the threat of the imminent issue of a county court order, and discussions with Niddy, I bit the bullet and called Trevor Munn solicitors, who ARC credit management claim are their appointed “solicitors”, well I thought I was calling Trevor Munn, in fact as it turned out it was ARC credit management who answered the phone, ARC who are acting on behalf of Egg Banking, and Trevor Munn “are one and the same”. So, usual misleading tactics by a DCA to lead you to believe you are being contacted by an independent legal firm.


Anyway, to avoid the possibility of the account being passed to county court for litigation, I told the call centre representative that I was calling to let them know I would be making an offer within the next few days, after a somewhat strained conversation (which was also a little funny at times, as when he asked me for a contact phone number, I said I was calling from a friends, I said I didn’t have a phone, as I was hard of hearing, to which he responded by shouting everything down the phone at me..)



So as the conversation continued, he tried to get me to give him my debit card details, and he tried his best to get me to commit to an offer there and then, and he also wanted me to go through an income and expenditure survey there and then, needless to say he was unsuccessful on all counts.


He eventually (but reluctantly) agreed to put the account on hold which would delay any intended county court involvement for a week to give me time to make an offer in writing.


I was a little undecided, on whether to make a low full & final offer on the account or try for a low monthly repayment plan.


I have decided on making a very low F&F……which will be £8K less than the outstanding balance as it sits right now. I can’t see them being very happy with the offer, but we will see what their reaction is, if unsuccessful, I’ll go for plan B.


Well I will when I have thought of a plan B that is…



Watch this space...

[Never-In-Doubt]

Re: Alland UE Diary

For the benefit of privacy, and others, just to say we're chatting via PM to establish what is best, then we'll update the diary here with restricted info based on the outcome of our PM discussion.

Basically, we're trying to establish the best way to take this forward, in a proactive approach as opposed to caving in to the first sign of trouble......

More later

[alland]

Re: Alland UE Diary

WOW Niddy mate, that was double quick service, the ink isn't dry yet !

Thank you... will respond as suggested

And I will drop you a PM in regard to Egg details.

[Never-In-Doubt]

Re: Alland UE Diary

10-04-11 Update #4
Egg Card

So what to do , have I reached the end of the blagging line on this one, is it time to try and negotiate a reasonable repayment plan ?

I think it is time to ring Trevor Munn and tell them you've been away and just got back, and you intend on speaking to ARC.

That will stop them taking action tomorrow - and then ring ARC and offer £50 per month (if you can afford it) and do not be bullied by them, if they push for more then refuse and say "fine. i''ll take my chances and apply for redetermination in court then"......

Point is, how much can you afford? If they apply for a CCJ then will it affect you, ie do you have a lot of disposable income? You may need to PM me to sort a suitable repayment amount mate - also, remind me of the balance and account type with this please (ie loan/card).

Cheers