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Hi,
I have come across this forum after deciding that the time has come to start addressing some long standing debts. As part of the fallout from a failed business venture 3 years ago, I found myself in a spiralling credit card debt situation. This resulted in my having defaults registered against 3 credit card accounts with total arrears in the region of £40,000. Two of these accounts were Barclaycard CCs and the third was a MNBA CC. Shortly after the defaults were registered, the 3 debts were each sold on to PRA. I have been in an arrangement with PRA to make regular monthly payments towards these debts (totalling about £50 per month). To be fair to them, they have left me alone pretty much (obviously happy to receive any money they can). My concern is however that the repayments are not making any real impact on the remaining debt and although the defaults are well on their way to dropping off my credit record, without further action I will not clear the accounts.
I have done plenty of reading of the fantastic information in this forum and am beginning to formulate a way ahead. Clearly the first thing that I will need to do is to send out CCA requests for the debts. A couple of the accounts are quite old so maybe there is a chance of finding at least one is UE? I will, of course, set up diary entries for each account to show more detail, but I am still in the early stages of deciding to do something about this.
My first question really is regarding the letter. Since all 3 debts are now owned by PRA would I need to send one CCA request to cover all 3 accounts or would I need to send 3 separate requests?
DR
I have come across this forum after deciding that the time has come to start addressing some long standing debts. As part of the fallout from a failed business venture 3 years ago, I found myself in a spiralling credit card debt situation. This resulted in my having defaults registered against 3 credit card accounts with total arrears in the region of £40,000. Two of these accounts were Barclaycard CCs and the third was a MNBA CC. Shortly after the defaults were registered, the 3 debts were each sold on to PRA. I have been in an arrangement with PRA to make regular monthly payments towards these debts (totalling about £50 per month). To be fair to them, they have left me alone pretty much (obviously happy to receive any money they can). My concern is however that the repayments are not making any real impact on the remaining debt and although the defaults are well on their way to dropping off my credit record, without further action I will not clear the accounts.
I have done plenty of reading of the fantastic information in this forum and am beginning to formulate a way ahead. Clearly the first thing that I will need to do is to send out CCA requests for the debts. A couple of the accounts are quite old so maybe there is a chance of finding at least one is UE? I will, of course, set up diary entries for each account to show more detail, but I am still in the early stages of deciding to do something about this.
My first question really is regarding the letter. Since all 3 debts are now owned by PRA would I need to send one CCA request to cover all 3 accounts or would I need to send 3 separate requests?
DR
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