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Kpr

2010Andy
2010Andy Posts: 9 Forumite
in Debt-free wannabe
Hi everyone,
This is my 1st time posting, and have been reading some of the threads for a couple of weeks now. As everyone seems very non-judgemental and full of really useful advise, I thought this would be the best place to ask for some help with regards to replying to a letter we have received from KPR.

We have a debt of £3958.13, and we offered them a very cheeky £800.00 (opimistic or what!). They have sent us a letter declining this offer asking us to contact them by phone "to discuss our options" and we are not sure whether to do this or send them another offer by letter, and if so how much we should offer. KPR are saying that if we do not contact them with in 7 days they may begin legal proceedings.

We would really appreciate any help.

Look forward to reading your replys.
Regards
Andy

Comments

  • 10past6
    10past6 Posts: 4,962 Forumite
    2010Andy wrote: »
    . KPR are saying that if we do not contact them with in 7 days they may begin legal proceedings
    As they've stated, they MAY bring court proceedings, not that they will.

    However, seeing as "Court proceddings" has been mentioned, and depending how old the debt is, a CCA request may go in your favour ;)

    As regards replying to the letter, I'd be tempted to write back stating that's the offer which is only valid until xxxx
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • 2010Andy
    2010Andy Posts: 9 Forumite
    Thanks for your reply.

    At the risk of sounding stupid:D what does CCA mean?

    BW
    Andy
  • DarkConvict
    DarkConvict Posts: 6,347 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    CCA = Consumer Credit Act.

    Any credit given (loans, credit cards, store cards, catalogues) are covered by it, by law.
    Note mobile phones, car insurance, etc are all service agreements, not credit so have no CCA.

    The CCA process has been detailed here - http://forums.moneysavingexpert.com/showthread.html?t=2305463
    Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.

    There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies
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