Creditors Moving Up a Gear

Sairy

Hi ...last week we had a letter from a credit finance company, who have been passed my husbands credit card debt from Goldfish (which was earlier this year taken over by Barclays). We have been on the CAB DMP for almost 18 mths now, and all of our creditors accepted our offers, albeit reluctantly. Now, we have this company stating that they want full repayment of £7k+ or they'll take us down the CCJ route, with the potential of bailiffs. Whilst I appreciate that they do need to inform us of the possible consequences, when speaking to the chap over the phone, I felt quite threatened. We both work full time, and are keeping up to date with the agreed offers to all creditors. We dont happy £7k, or even £700 to make any impact on this particular debt, and even if we did, surely that would be treating this creditor more favourably than the others, meaning we would be in breach of the DMP.
Please help! I have to call them back tomorrow (Tuesday 18th) to update them and let them know if I've been able to find any money to offset against the debt - I could probably find £50 as a one-off additional payment as a show of good faith. Any ideas?????

brightonman123

check with CAB first- they may be able to fend them off.

stapeley

Our advice has always been DO NOT TALK ON THE PHONE TO THEM. This is a comman tactic when a debt is moved to another company . You are paying via DMP so when they call back , be firm inform them they have to contact the DMP company . They will rant and rage put just put phone down . If and its a big if ,they went to court you can show that you are sticking to the DMP and a Judge WOULD NOT BE BEST PLEASE . As they are trying to play hard ball I would suggest you requested a sign copy of the CONSUMER CREDIT AGREEMENT and also a notice of assignment . To see what this entails have a look at my post CCA REQUEST RESULTS PLEASE . No copy of an agreement means no enforceable debt .

GeorgeUK

You are quite right Sairy - if you gave anything to this creditor, you would be in breach of your DMP agreement and any other creditor may then pull out of it if they found out you hadn't given them the same. As Stapeley says, you should never talk to these people on the phone - all communication should be in writing. Refuse to answer any security questions on the phone and they should then not be able to discuss the account.