unenforceable loans.

stebiz

Of course if the agreement did come to light at any stage and contained all the prescribed T&C's this would give them the ACE. So the 50% offer may then have looked a good offer. It is a gamble I personally would take. I would sit tight and wait for the agreement. If it did come and all looked okay then I would start negotiating, rather than it go to court. I would hope that I could settle at a f&f of about 25-35%. I would need to make sure I had the ready cash available, as I would not expect them to reduce the amount so much and for me to still pay a monthly amount.

If no agreement was forthcoming or it looked like it was unenforceable I would leave the ball in their court. In my mind would be that they would need to claim against me in my local court, and the worst case scenario would be that the judge would award in their favour and give me 28 days to pay if I didn't want a CCJ or would let me pay a monthly amount, subject to earnings, but would slap a CCJ on my Credit File for 6 years.

The important thing for me would be to do lots of reading on the net and stay calm.

Stebiz

sam_wells

thanks stebiz. will keep you posted on what happens next. keep ya fingers crossed.
sam

angelicmary85

Can I just ask why you have to send a PO? Can you send a cheque instead?

sam_wells

not sre if u can send cheque or not. i don,t see why not. i send postal orders cause i don,t have a cheque book. not allowede one. lol!

rigger_john

Some people think that banks, DCAs ect have been know to scan an image of a signature from a cheque or a signed letter and use it to make up a signed CCA.

stebiz

rigger_john wrote: »

Some people think that banks, DCAs ect have been know to scan an image of a signature from a cheque or a signed letter and use it to make up a signed CCA.

Yes mine have all been postal orders rather than cheques for exactly that reason.

Stebiz

keithboy40

That is an inprisonable offence. Who woulddo that for a few thousand pounds

stebiz

keithboy40 wrote: »

That is an inprisonable offence. Who woulddo that for a few thousand pounds

There are a lot of low life Debt Collectors out there!!

aj2703

i wouldn't send a cheque, it has your signature on it...

angelicmary85

I don't need to request a copy of an agreement, I was just wondering why a PO was better. Thanks for clearing that up for me but I suppose I should have guessed the answer!