RMA settlement?

Rik178m

I had an overdraft with barclays which got transferred to RMA (Risk Management Alternatives. I have been paying £50pm. The full balance is £1138.38. I have asked for a settlement figure which I would be paying tomorrow. They said £990.70. He then went on to tell me I should find the extra and pay the full balance as it would go down on my credit file as 'Merely Satisfied'. Is he trying to get more money out of me for no reason? Which should I pay? Is there anyway to cut this bill down anymore?

I have done really well with my debts recently cutting them from approx £22k down to £14k. Hopefully debt free in 2 years.

Thanks in advance Rik

Rik178m

Just spoke to national debt line they advised me to get the full and final settlement figure in writing.

Phoned RMA again they are sending it in the post today. Confirmed on the phone the full and final is £990.70.

I'm abit confused now! Can I go through Barclays? or is the debt now not with them?

impetus

Sounds like it has been sold on - RMA will be dealing with it and as you have a F&F from them they will still be making some money! I am not an expert but I notice RMA are involved with quite a few credit card debts.

Rik178m wrote: »

Just spoke to national debt line they advised me to get the full and final settlement figure in writing.

Phoned RMA again they are sending it in the post today. Confirmed on the phone the full and final is £990.70.

I'm abit confused now! Can I go through Barclays? or is the debt now not with them?

Rik178m

Yep sounds like it has been sold on. Barclays have just said the account has been closed for a while now.

So if I get the F&F in writing from RMA and pay that figure, the debt will be settled and it won't make things any better by paying the £1138? Correct?

Are they just trying to make abit more money out of me for themselves?

BTW RMA are a bunch of absolute idiots with no manners. Not one of them seems to have a clue what they are talking about. While I was on the phone I could hear another blokle pretty much shouting at someone on the phone! Not exactly a professional manner!

paspuggie

I have had £60k of debt for years and for the first time in years have managed to start negotiations with the 15 creditors I owe money to.
So far i have negotiated with 9 of them with reductions up to 75%, which is great for me, however RMA have been the most illusive of all of them. I was reading a thread about RMA Resolve (not sure if they are connected?) and how they only deal with "phone calls", which I found the opposite, they were very good with me over email. However RMA International Ltd have been the opposite. I receive a letter almost weekly, and have done for years.

They persistently tried calling my number, 2/3/4 times a day, to which point when I moved I did not tell them what my number was.

I emailed them explaining my personal situations and how I could not afford to settle my debt with them (my daughter passed away, I had no job etc etc) and they have only repsonded by email once and said they would continue with the existing direct debit.

I owe them (or Barclays) some £16k and started paying £22/mth, 6 or 7 years ago, which has steadily increased to £90/mth recently. I emailed them (for the umpteenth time) again explaining my situation, asking for a settlement figure, but all I get is a letter asking to arrange a time to call..I guess they are a "phone call only company"??? Hell, if they are smart they wouldn't waste their time, energy and money on printing and posting a letter every week.

Anyway, just wanted to point out that out of all the creditors I deal with they are the worst for correspondence. I email them as it is a way of "recording" the evidence, so to speak. The latest letter I had was they were sending my debt back to Barclays, well I can't wait because recently Barclays transferred some of my other debts to an agency who agreed two settlements, one for 75% on £454 (I paid £136) and 50% on £6,400 (I paid £3196), which was even better as they agreed to this 50% even though they allowed me spread the payments over 2 months.

Regards
Paul

gamstar

Hi,
You may have already been down this route but ask RMA to provide a copy of the original contract agreement. A friend of mine got off their Barclays debt because RMA couldn't provide a copy of this!

paspuggie

gamstar wrote: »

Hi,
You may have already been down this route but ask RMA to provide a copy of the original contract agreement. A friend of mine got off their Barclays debt because RMA couldn't provide a copy of this!

Thats' very interesting gamstar..I have not gone down that route, I may send them a letter So how do I go about getting off my debt if they cannot provide a copy?

In fact you know that guy, what did they call him, he finds loopholes in everything to get famous people off car offenses...anyway, I wish he would look at my paperwork. For instance, on the letters they send they have spelt my name wrong and they have spelt the address wrong..so in my eyes they have the wrong person, no?

Just to mention, if anyone does have a debt with Barclays and Barclays have forwarded it onto an agency, if they have forwarded it to Calder Financial in Liverpool then they are very very helpful and who gave me the big discounts...

Regards
Paul