HELP - Compass Debt Counsellors - CREDITORS MEETING 30th March in Leicester

Hi Fermi

I have all the paper work from Abbey Solicitors, that i had signed up for before Compass went under, not sure if i should stay with them

What service are Abbey Solicitors actually offering you ?

they will clear most of your debts in 12mths for a fee

Okay. No you shouldn't stay with them ( in my personal opinion) Apologies I just wanted to find out what they were putting across they were offering.

It appears that they are offering to look at a consumers debts and advise the consumer whether they have any potential arguments that the debts are unenforceable using the Consumer Credit Act and Consumer Protection from Unfair Trading Regulations.

The letter/agreement doesn't state what Abbey Solicitors intend to do if they find there are any arguments, or what will happen if they don't. It doesn't actually tell their potential client what they will be doing at all. BUT they are quite clear that the individual needs to pay them the same amount they were paying to Compass Debt Counsellors to Abbey ( approx £100 to £500 per month - the individuals entire calculated disposable income) regardless of if they find any arguments.

Payments won't be made to the individuals creditors, nor will it be put in a 'savings pot' to save for future full and final settlements. It appears they are expecting consumers to stop paying their debts entirely and give all of their disposable income to Abbey Solicitors instead, for a year.

They do state quite clearly that they will not assist with Defending any court claims that result from the individual having stopped paying his debts - presumably assuming if a court claim is made, that the consumer will instruct Abbey Solicitors to act on their behalf, for further fee's or on a CFA basis.

They seem to be calling customers of Compass saying they will get their debts written off - that is not what the letter says. The letter says they will look at agreements and advise you if you have any arguments to use against the creditors.

I'd suggest get your DMP sorted with Stepchange / Paypal or self manage it with help from CAB - and if you want to argue against any of the debts get a CCA request sent off ( request copy of the original agreement and terms ) with one of the template letters on here or on LB ( just as I don't know where it is on here) and assess things yourself (with the help from the great peeps on here / LB )

That is just based on the letters I have seen. If you feel yours does say different can you let us know.

Hi

What they say is because you are with a solicitors your debt companies can't get in touch with me, they will be breaking the law.
Because all my debts are not with the original companies and are now with agencies they ask them for my agreement and if they don't have it then they can;t chase me for money ???
Just unsure of everything to leave them or stay, i lost £6500.00 with Compass and paid the £5.000 for set up in total £11500.00 down the pan.
do i pay the £3000.00 and see if they can help, feel so stressed back to sq one