Advice please old credit card debts

sophia31_2

Advice please,regarding old card debts,I am paying small sums every month to either debt agencices or directlt to card companies.The interest is on hold,I have paid some debts off but still owe alot,I have had this agreement for about six years now,is there any thing more i can do any legal way out, I am currently not working off sick with chronic fatigue and depression.NOt trying to not pay my debts but still owe around 30k is there any legal route to help reduce the debts?

WASHER

You can speak to the CCCS, a debt charity who will advise you. Google them(they are free to use and will help if they can).

Debts are very rarely wiped off, but bankruptcy could be an option, best speak to the CCCS. Do you own your own home?

GeorgeUK

There are some possibilities.

You could try reclaiming the credit card charges that you have ahd on the account. These were not subject to the recent test case that the banks won so you may be able to reduce the amount owed through that.

You may also be able to request a copy of the customer credit agreement (CCA). If credtian terms are not on the original agreement, it may not be enforcable. If this is the case then if they took you to court for not paying, you could point out that the agreement was not properly executed and therefore the court should not enforce the debt (section 127 of the Consumer Credit Act 1974)

The only other way might be to make a reduced settlement offer, but it doesn't sound as though you have the funds or means for this. I would look at the CCA route as you have already defaulted on these debts over 6 ears ago so they couldn't threaten you with putting a default on your credit file - they drop off 6 years after the date of the original defailt (or within 6 months of this).