Natwest offer £1 pm payment

UNCLE_BUCK

Hi all, i need some advice ref ; Natwest have failed to produce a valid agreement, i have sent off a 12+2 letter.
today i recieved notice of termination and they have said they will accept £1 per month for 6 months and no interest will be added. they go on to say that if i do not accept these terms and default on this arrangement they will recover all monies owed.
what should i do?.... ingore await for them to produce a valid cca or pay for 6 months to keep them off my back.

rigger_john

UNCLE_BUCK wrote: »

Hi all, i need some advice ref ; Natwest have failed to produce a valid agreement, i have sent off a 12+2 letter.
today i recieved notice of termination and they have said they will accept £1 per month for 6 months and no interest will be added. they go on to say that if i do not accept these terms and default on this arrangement they will recover all monies owed.
what should i do?.... ingore await for them to produce a valid cca or pay for 6 months to keep them off my back.

Is that offer in reply to your 12+2 letter? Or a spearate thing?

If they can't produce a valid CCA the debt is unenforcable, so if it were me I would be asking them where is the CAA, I think there is a letter you can send after the 12+2 letter asking them to let you know their intentions but it's not the old 12+2+30 one. it ight be somewhere in the template letters thread HERE

UNCLE_BUCK

Thanks RJ,

I think this appears to be seperate from the 12+2 letter as it is from their debt recovery dept. i did incidently send off a letter a couple of days ago after advice from this forum, it was the "you must realise that this was not a cca, you have a further 21 days to comply" letter.

10past6

UNCLE_BUCK wrote: »

today i recieved notice of termination

If they've terminated your agreement, did you receive a default notice 1st?

If they commence litigation against you, they will HAVE to produce the CCA agreement which they claim you've breached.

natters_2

Natwest failed to produce a CCA for me - they sent me a letter saying it was misfiled and that they realised that they could not persue me for the money, but said morally I should pay it - I've chosen not to - and have now recieved a letter asking for my repayment proposals - they are trying it on as they are with you - there is a letter template here somewhere in the vein of why are you hassling me when you haven't provided the correct documentation.

UNCLE_BUCK

yes 10 past, they did issue default which i took advice from this forum and i do not think even the default is valid/legal.

natters tend to agree that they are just trying it on, i think to start paying even a pound a month would be an admissission of the debt.

thank you both for replying

UNCLE_BUCK

hi guys any other opinions?????

10past6

UNCLE_BUCK wrote: »

hi guys any other opinions?????

Hu UB

Can you scan & PM me the default notice & termination letter?

UNCLE_BUCK

Thanks 10 past, will do.

10past6

Thanks for the documents, OK, the default notice is defective :rotfl:it does not comply with legislation.

The termination of your account is unlawful, they cannot terminate your account until they issue a correct default notice, as they've issued a defective default notice it makes termination unlawful.

Oh, and no, they cannot issue another default notice because they've terminated your account :rotfl:

As a side note, I notice in the blue letter dated 29th April they state "your proposals for repayment are unrealistic" yet they're willing to accept £1.00 pm what did you offer, 0.05p per month? :rotfl:

UNCLE_BUCK

That is great news about the default/termination letter.:D
Thanks again 10past6, your a star:j.

Do i just sit back and wait or do i make the next step???.
I am totally bemused by the "offer unrealistic" i have never made them an offer..
do i presume your advise would be not to pay the £1 until they comply with my original request?.