Massive debts

impetus

Good luck, fingers and toes crossed!

gargrave50

Free listing on Ebay today I think:j. If thats the case I have a brand new with tags Fenn Wright Manson coat, a Zara coat, a diamond solitaire necklace and some shoes to list:D.

Hoping to hear from the home seller tomorrow. Today hubby has some call outs to do, and then we are gutting the house from top to bottom - he will be pleased :rotfl::rotfl::rotfl:.

Did some Xmas shopping - big Chanel sport aftershave for hubby (£55 of House of Fraser vouchers thanks to Consumer Pulse ), a couple of tops from M&S for the outlaw (dearest Mother in law I mean) thanks to Pigsback :j, and I still have £80 of John Lewis vouchers left, £10 Frasers and I am expecting another £20 John Lewis from Valued Opinions any day now:cool:. It was far more fun doing Xmas shopping with vouchers which really cost me nowt, than all the years I've spent maxing out the credit cards . Its possibly the only year that I will ever owe less in January than I did in November/December:T.

gargrave50

Going into town at 4pm with DS to see the Christmas lights being switched on. Hoping to spend no money with the exception of my train / bus fare. Wish me luck:D

gargrave50

My brother in law and his girlfriend ended up taking DS:rolleyes:. Gave him £10 to spend and a lift into town. Forgot it was free listing day on Ebay, and decided to stay in and list some items in a vain attempt to raise some cash:o.

gargrave50

DS bought a load of carp as usual with his £10 - must educate him in the way of MSE:mad:

Never mind, wonder what the postman will bring as a departing gift, seeing as I fly back tonight. I'm away for 9 days this time:eek:. I fly back the morning of my graduation and the day before pay day! I'm expecting wonderful things from this paypacket (always a bad sign:rotfl::rotfl::rotfl:) as its for 1 month + 13 days:T.

gargrave50

Well the postman forgot my leaving gift, and instead brought me rubbish letters.

A letter from Albion Collections (HBos) telling me I haven't paid £5230.23). Funny that, I could have sworn I had pulled my change out the back of the sofa to settle this account :rotfl::rotfl::rotfl:

Have already written to these muppets last week, will have to remind them. Apparently I need to PAY NOW, or legal action MAY be taken against me AND a debt collector MAY visit me at home to collect the debt (oh no they won't). Now my letter was worded slightly different - I HAVE commenced a complaint with the FO against Bank of Scotland:rolleyes:

gargrave50

I am setting myself a challenge by taking £50 to London with me, to last 9 days until I return . This is my transport and food shopping! Not much of a challenge perhaps, but I'm going to try to do it for £25 :eek:.

Off to do the letters I need to send and sort out some housework!

gargrave50

Just to keep my records straight, a little post of the letter I've sent to Albion Collections today

Account number 4560 xxxxxxxxxxxx
Thank you for your letter of 11th November 2009 received today. I have written to you 7th November 2009 regarding this matter, copying Bank of Scotland with my correspondence and wish to reiterate the contents of this letter.
I am bemused that this account has been passed to yourselves, as the account has been the subject of a dispute since 20th August 2009, and is currently the subject of a complaint to the Financial Ombudsman.
Not only is this a breach of the Consumer Protection from Unfair Trading Regulations 2008, and the Office of Fair Trading’s debt collection guidelines, but also in breach of the Consumer Credit Act 1974 and Data Protection Act 1998.
As Bank of Scotland are now in default of my request under the Consumer Credit Act and have breached the OFT guidelines for debt collection, I consider this account to be in SERIOUS DISPUTE.
As you are aware, while my request under the Consumer Credit Act 1974 remains in default, enforcement action is NOT permitted, under s127 this constitutes a complete defence at law.
Consequentially any legal action you intend to pursue will not only be fully and vigorously defended, it will ALSO be averred as both UNLAWFUL and VEXATIOUS.
Now I would respectfully suggest that this account is returned to Bank of Scotland for resolution of these defaults and breaches, as Albion cannot lawfully pursue any enforcement activities.
If Albion choose to ignore my dispute and continue to attempt enforcement, I will initiate legal action and file reports with the appropriate bodies, including but not limited to, Trading Standards, Office of Fair Trading, Information Commissioners Office, Financial Ombudsman Service and where necessary court action.
I request your due diligence in this matter and look forward to your written response. Your letter of 11th November 2009 requests that I contact you be telephone. I will not discuss the matter by telephone. Furthermore you suggest a debt collector may call at my home, however you will be aware that you may only instruct someone to visit my property if you make an appointment. I have no such wish to make any appointment with you, and refuse your implied right to access my property. As previously stated, the account is currently the subject of a complaint with the Financial Ombudsman, and I intend to pursue the matter until Bank of Scotland are able to supply a true copy of the Consumer Credit Agreement I originally requested.
If the matter is not referred back to Bank of Scotland for resolution, I will pursue a complaint with the Office of Fair Trading against you as you have been advised you are acting in breach of the Office of Fair Trading guidelines.

surreybased

Hi there,

Pretty new the forum and catching up on your thread. Well done for qualifying as a MW, such a wonderful and valuable job. After having two babies I'm just so glad MW's exist and are well trained.

I don't often respond on threads but just thought I'd clarify the house buying.You're hoping to buy a house for £190k that has an asking price of £210k. If your offer is accepted then the bank will base the mortgage LTV on your PAID for price. If you want a 85% LTV then you'll need a deposit of around £28k (plus stamp duty costs).
You will need to factor in the selling costs of your house as well.

I really don't want to be negative but it would seem to me the best bet is to continue with what you're doing - paying down those debts and building up some equity in your house. It's highly likely interest rates will rise so you might want to consider factoring in those potential costs. When we recently went for a mortgage the bank based our affordability on 6% interest rates, even though we had a tracker rate. Guess they want to warn people that rate rises are likely.

Good Luck

gargrave50

surreybased wrote: »

Hi there,

Pretty new the forum and catching up on your thread. Well done for qualifying as a MW, such a wonderful and valuable job. After having two babies I'm just so glad MW's exist and are well trained.

I don't often respond on threads but just thought I'd clarify the house buying.You're hoping to buy a house for £190k that has an asking price of £210k. If your offer is accepted then the bank will base the mortgage LTV on your PAID for price. If you want a 85% LTV then you'll need a deposit of around £28k (plus stamp duty costs).
You will need to factor in the selling costs of your house as well.

I really don't want to be negative but it would seem to me the best bet is to continue with what you're doing - paying down those debts and building up some equity in your house. It's highly likely interest rates will rise so you might want to consider factoring in those potential costs. When we recently went for a mortgage the bank based our affordability on 6% interest rates, even though we had a tracker rate. Guess they want to warn people that rate rises are likely.

Good Luck

Thanks for posting. Deep down I think you are right. We have decided that its probably best if they decline our offer and we can build up some cash to be in a better position to buy in a couple of years. Sad but true