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  • FIRST POST
    • sutenvulf
    • By sutenvulf 17th Jul 17, 11:31 AM
    • 2Posts
    • 0Thanks
    sutenvulf
    Advice on 4 debts
    • #1
    • 17th Jul 17, 11:31 AM
    Advice on 4 debts 17th Jul 17 at 11:31 AM
    Hello all,

    I have 2 mobile debts, a credit card and a payday loan, the debts are £325, £180, £260 and £100 respectively, the mobile companies service was abysmal, you couldn't send or receive in the house at all so I stopped using them, and the cc and loan were part of a wider array of spiraling payday loans most of which were settled.

    It seems they were first bought by Lowell but now they own one of the mobile debts, they have sold the other three debts to Lowell Solicitors, BPO Collections and BWLegal, they are all from between 2010 and 2012.

    I assume I need to send a CCA for the payday and credit card debt first but I'm unsure how to proceed with the mobile debts, one of the mobile debts and the credit card debt they had offered me several discounts up to 75% which I didn't read until long after the expiry date, when I've spoken to them they have offered me 50% on one but can't on the other since it's sold, how do I get them down further? - the account was put on hold for 30 days while I seek advice.

    Would it make more sense to seek out citizens advice as I'm really bad at dealing with people over the phone as I get flustered and end up not knowing what to say.
    Any advice at all would be appreciated, many thanks, apologies if I've missed anything out.
Page 1
    • sourcrates
    • By sourcrates 17th Jul 17, 11:40 AM
    • 11,193 Posts
    • 10,856 Thanks
    sourcrates
    • #2
    • 17th Jul 17, 11:40 AM
    • #2
    • 17th Jul 17, 11:40 AM
    Hi,

    You should only deal with them in writing.

    National Debtline have a great template letter you can use for negotiating discounts, make sure you have any agreement in writing before you pay.

    You only need to send the provit letter for each debt, (inc mobile) not CCA.

    Template here :

    http://forums.moneysavingexpert.com/showthread.php?t=2607247
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • sutenvulf
    • By sutenvulf 17th Jul 17, 2:58 PM
    • 2 Posts
    • 0 Thanks
    sutenvulf
    • #3
    • 17th Jul 17, 2:58 PM
    • #3
    • 17th Jul 17, 2:58 PM
    I'd like to fix my credit as soon as possible so would paying the balances off in full be the better course of action? or does it not make much of a difference?

    Thanks for the info sourcrates
    • sourcrates
    • By sourcrates 17th Jul 17, 3:55 PM
    • 11,193 Posts
    • 10,856 Thanks
    sourcrates
    • #4
    • 17th Jul 17, 3:55 PM
    • #4
    • 17th Jul 17, 3:55 PM
    I'd like to fix my credit as soon as possible so would paying the balances off in full be the better course of action? or does it not make much of a difference?

    Thanks for the info sourcrates
    Originally posted by sutenvulf
    I expect these have already been defaulted, so the damage is done, paying them off wont remove the defaults, so you may as well get the best deal possible.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
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