How can I offer creditors FandF when they won't reply? Also salvaging credit score...

pinkie_pie

I have outstanding debts with Egg, Liverpool Victoria (possibly Barclays) and Additions, on a DMP with CCCS. I have saved and sold everything not stuck down in the house and managed to raise enough to pay off some of the debt. Was hoping perhaps if they all took F&F settlements, to pay the lot off.

The thing is, I have written time and time again to Egg and LV and gotten no reply at all. There's a possibility my mail redirection is stopping my LV post getting to me (it's still sent to my prior address but didn't want my bad credit to directly follow me if that makes sense so have left mail redirection in situ) as it's in my maiden name, however I've sent numerous letters asking them to send to a different address, copies of marriage certificates etc, nothing.

Additions declined a previous settlement as too low, when I managed to up it slightly they sent a letter saying they'd only discuss by telephone which put me off. I've written since, no reply.

I haven't had mail from any of them in months.

What do I do now? Should I phone all three? I don't even know what numbers to phone, as I moved house and can't find any paperwork.

Also, is just literally making the F&F to each of them going to be the quickest way to salvage some if any of my credit rating? I know that Additions issued a default, haven't been told by the rest if they had, so I'm assuming that if they all have, it's seven years from now they are cleared? Will doing anything in the meantime improve anything on it?

Thanks

pinkie_pie

I thought I should also add I sent all the template letters about credit agreements etc and not entirely sure that the credit agreements are sound for additions and LV. However, like I said they have refused to respond on that matter. Or for LV, any others.

pinkie_pie

quick bump for the daytime lot - anything?

Lexxi

I can't really advise on F&F but sometimes letters from financial companies have do not redirect on the back of it, this may be why lettters aren't coming through. It doesn't matter that you have left the debts at a previous property, your credit report goes off who the debt belongs to not the address where they were making payments from.

Could you write to Additions again with your new F&F settlement and include in it that you want to keep everything in writing? I think the advise on here usually is if the debt has been sold to collection agencies then you can get lower settlements than if it is still with the original creditor

BigCraigJohn

To get a reduced settlement you will probably have to ruine your credit history anyway. From what I gather the best thing would be to stop paying, let them terminate and sell to a dca then deal with them. You will be defaulted which will show on your record for 6 years but will get a lower figure from the dca.
Have you looked into the enforceability of the debt?, theres a post with all letters needed. Basically if the debts unenforceable you cant be taken to court. Or you would be in a very strong position for a hugely reduced f&f as you can effectively say take or take nothing. The default should be marked satisfied which is still a default but I imagine slightly less harsh although I imagine you can forget about further credit for 6 years whatever.
However they will respond once you stop paying, that you can be sure of.