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Cabot
Hello, I have a very old debt with which Cabot now own. It is a frozen debt, about 13 or 14 years old in the region of 5k. Cabot used to send me 70% settlement offers to clear it, but they have recently checked my credit rating and want to up my payments to £90 a month. I've ignored this letter and want to clear the debt…
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Default help
I am trying to get Vanquis/hoist to back date a default but getting nowhere. I had confirmed today from Vanquis they sent me a default notice in June 2017, They sent my account to Robinson way in July 2017. The actual default was registered in June 2018, so a full 11 months it took after the default notice to register, and…
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What Would You Do?
Evening all, Just looking for advice on what you what would in my situation. A year ago, we had around £13,000 in debt but servicing this has been absolute fine (fortunately), so we have been continuing to do up our house while paying down the debt. For example we have just spent £2500 on new doors - we popped the payment…
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Unenforceable debt
Under Sections 77 to 79 of the Consumer Credit Act a lender has 12 days to provide a copy of the credit agreement or the debt becomes unenforceable. What happens if they provide this information after the 12 days have passed, say two years later? How would a court view this if it went to court? What does unenforceable…
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Dealing with a creditor in liquidation
Hi all. I'm looking for some advice - I'll try and keep it as brief as I can. Back in 2016 I took out a payday loan for £700 with Payday Express. My finances at the time had spiralled out of control and I had amassed a number of debts totalling around £13,000. I decided to set up a Debt Management Plan with StepChange and…
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Solicitor letter
I wrote to a debt collector, Robinson Way, about an old credit card debt with Halifax back in September. I had previously asked for a copy of the credit agreement proving that I had taken out the debt under Sections 77 to 79 of the Consumer Credit Act (April 2019 and again January 2020) but had been ignored. I listed the…
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Confusion over QuickQuid // Lantern // Cash Euro Net - any help appreciated
Hi, I have recently been called and emailed by Lantern over a debt with QuickQuid. I am also getting emails from CashEuroNet asking me to make a claim. The debt is 6 years old. Any advice is greatly appreciated, thank you.
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HELP PCP Advice
I took out a PCP car agreement on 30th November 2018. At the time I was in dispute with the dealer due to a serious fault with a new car that I had from them I wanted to return the car and end my custom with them as I no longer had faith in their product. I was pressured in to accepting a new contract and given no option.…
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Debt options
I’ve stupidly ran up a large debt on 2 credit cards as well as a loan and need to decide whether a DMP or a secured loan is the better option? Any advice on which is the better choice in both the short and long term?
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Are consolidation loans all nonsense?
Quick question - based on some initial investigations and phone calls it seems that every "debt consolidation" loan comes with a MUCH higher APR than even the worst cards/loans rate. The most recent place was very reluctant to mention an APR, but I pressed the point, and he mumbled "sixtyorseventypercent" before continuing…
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What small DFW things will you do this week 14/12/20?
When we start out on the DFW trail we do loads of "big stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards and cancelling Sky and the gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of progress, when…
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PCP car finance with late credit card payment - any recommendations or advice?
My car lease with Lings Cars is up next year and last week I applied for another car with them. I was rejected by whoever finance company it was. I did have one default on my credit file that was removed (thanks to support from this forum). The issues with my credit file, which the colleague at Lings is saying caused the…
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Delinquent account
Hi all, I have a question regarding a loan I have. Due to losing my job I spoke to my creditor and set up a token payment with them until my circumstances improved. They took these payments for around 4-5 months and then stopped even though the direct debit was still live. They have since said its been passed to…
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Wescot Token Payments
Hi All, Just after a bit of advice. I have an old credit card with Barclaycard which had a balance of £14,000 on. I have defaulted on this for 3 years now. In the beginning, I spoke to Barclays about it and over time, Wescot have taken over to manage on behalf of Barclays. In fairness to Wescot, the have never hassled me…
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Chased for school fee debt
Can anyone advise please. My now 19 year old son had attended an independent school for 11 years but in his first GCSE year, things started to go really wrong in terms of his behaviour and academic performance. He was being routinely punished through detentions and suspensions to the point where he was one suspension away…
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Lowell's CCJ set aside guidance
* Start Date: September 2009 * Default Date: February 2015 * Date of CCJ: June 2018 Hi, I have today identified a CCJ that has been filed regarding a debt owed to Vodafone for a defaulted payment of £250.I was unaware that this CCJ had been posted nor of the outstanding debt, I have since contacted the Northampton county…
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Can a written off loan be reopened again?
Hi sorry if that's a silly question but I was wondering if a company decides to write off a loan, can they change their mind and reopen it again? Also how long does the status of a "written off" loan stay on a credit file. Thanks for any response
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Active loan disappeared from Experian
Hi all, I was wondering if you could all help me. I have been tackling my debts this year, and as part of that I recently (1.5 months ago) paid £2500 towards my loan with Tesco Bank, which will have the overall balance down to £17,500. I have found that checking my credit reports to watch the overall balance of debts…
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Debt and what to do.
Hi All, Over the years I have accumulated debt on both CCs and 2x loans. I have been managing them as best I can, I used the loan to do our home renovations and now it is time to seriously look at clearing it all. The debt is as follows: Credit/LoanBalance Monthly payment Interest rateTesco CC2818 73.59 17.86%Barclays…
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After a DMP is finished - banking options?
After 7 years my DMP is finally coming to an end, all defaults are off my credit report, one outstanding debt has a CCJ charging order attached but it will be paid back by April 21 at the latest. I have a basic bank account no contactless or overdraft. How long should I leave it before applying anywhere else? I am not…
