Moorcroft Debt Recovery Help Please!

Hannah_10

Ok, so filling in the gaps here, you stopped paying the CC Co. when?

Then Moorcroft took on the debt in the last few months, shall we say 4 or 5 months does that sound right?

You have made three or four payments to Moorcroft. How much were they? £30 a time? Also how regular were they? Monthly or irregularly?

Do Moorcroft actually own this debt or are they acting on behalf of the CC Co.?

The more exact you can be there better an idea we can give you of how much you can get away with for a F&F.

ImAlanPartridge

Hannah_10 wrote: »

Ok, so filling in the gaps here, you stopped paying the CC co. when?

Then Moorcroft took on the debt in the last few months, shall we say 4 or 5 months does that sound right?

You have made three or four payments to Moorcroft. How much were they? £30 a time? Also how regular were they? Monthly or irregularly?

I'd say about a year ago I stopped paying.

Yeah that sounds about right.

They were £20/£25, even though today they tried to tell me i'd set up to pay £125 every month which is just rubbish! Quite irregular.

Hannah_10

PS: You're still experiencing Moorcrofts nicer telephone calls. It's the ones that lay into what a total waste of space you are and how people like you make the Moorcroft worker sick and so on that you've got to be braced for. When they call you on redial and shout at you until you're crying and begging them to stop. Oh yes, they are b*stards, make no mistake. You're paying so they're being nice to you. Honestly, a number change or getting caller display and an answerphone would be a very good idea before you do anything they're not gonna like.

Hannah_10

Last one you missed Alan, who owns the debt? Do you know?

ImAlanPartridge

Hannah_10 wrote: »

Last one you missed Alan, who owns the debt? Do you know?

God, I havnt had any calls like that from them yet.

I dont know who owns it, I threw the letter out today after I paid it on the phone. Do you think its realistic that I could get a settlement fee of between 10-20% Hannah?

Hannah_10

Unlikely given that I wouldn't have thought Moorcroft have actually bought this debt as you've only been defaulting on it quite a short period of time. It's only when the DCA actually OWN the debt that you're likely to get such a small figure. Locke is your man for guidelines on what's achievable in each set of circumstances, the circumstances are what you've just been answering all my nosey Q's on! I would have thought you've got a chance with 50%, but I'm not an F&F expert. What I do know is the F&F experts are going to read this when they get up and want to know the things I have been asking you, so at least they're on the thread now. There is nothing to say you can't try your luck of course (provided you can either bear or bar the calls they'll pester you with).

If you wanted to really get the level of a F&F down then you have to look like a worse risk. You'll need to stop paying for a while (hold tight that is one bumpy ride) and it wouldn't do you any harm to produce your SOA if it's moth-eaten enough. (See sticky at top of this board for the SOA link).

ImAlanPartridge

Hannah_10 wrote: »

Unlikely given that I wouldn't have thought Moorcroft have actually bought this debt as you've only been defaulting on it quite a short period of time. It's only when the DCA actually OWN the debt that you're likely to get such a small figure. Locke is your man for guidelines on what's achievable in each set of circumstances, the circumstances are what you've just been answering all my nosey Q's on! I would have thought you've got a chance with 50%, but I'm not an F&F expert. What I do know is the F&F experts are going to read this when they get up and want to know the things I have been asking you, so at least they're on the thread now. There is nothing to say you can't try your luck of course (provided you can either bear or bar the calls they'll pester you with).

If you wanted to really get the level of a F&F down then you have to look like a worse risk. You'll need to stop paying for a while (hold tight that is one bumpy ride) and it wouldn't do you any harm to produce your SOA if it's moth-eaten enough. (See sticky at top of this board for the SOA link).

Is there any chance I can just contact the Halifax about this card and sort out either a payment plan or a settlement figure with them? Or is it in Moorcrofts hands now? Whats my SOA?

I also got a another letter today from them about my 3 mobile dongle. They claim to be the "Home Collections Division" stating;

"In one last effort to come to an arrangment to prevent the recommending of possible court action we will be prepared to accept a repayment by installments of £10 a month. Unless payment is received by 10am on X/X/XX, we may recommend court proceeding to be commenced against you without further notice. It is therefore in your best interests to give this matter your urgent attention"

Is this the type of letter you received Hannah?

barbiedoll

If Moorcroft own the debt, you should have received a "letter of assignment" which states that they own the debt and that you should pay them instead of CC company, If you've thrown away their letters and you're not sure who owns the debt then you should request a copy of your CCA, send them this letter..

http://forums.moneysavingexpert.com/showpost.html?p=33791621&postcount=11

It will get them off your back for a couple of weeks at least and if they don't yet own the debt, they will pass it back to Halifax, who may be easier to deal with (but don't count on it!) Did you have the credit card before 2007? A lot of the credit agreements then were poorly worded and have been deemed unenforceable so let us know if and when you get the CCA. Don't forget to enclose a postal order for £1 (not a cheque) and splash out on a few pennies more to send it recorded delivery. They can't deny receiving it then;)

You will only get a chance to offer a low F&F if Moorcroft actually own the debt, if they are only acting on behalf of Halifax, then they will want as near to the full amount as they can wring out of you.

With regards to your 3 dongle debt, note that the letter waffles on about "POSSIBLE court action" and "we MAY take you to court" etc, etc. These are standard scare tactics, if you can afford £10 per month and you have no issues with this debt (i.e. you agree that you owe it) then send regular repayments or else offer them what you can afford. Usually, if you make regular payments, however small, they will not pursue court action because 1) it costs them a few quid and 2) the judge will look sympathetically upon debtors who make small but regular payments and who haven't tried to escape paying.

Don't forget, if you are getting telephone calls too often you can send them the "telephone harassment" letter, I'm sure it's on the unenforceability thread somewhere, will try to dig it out if you can't find it. I've used that one a couple of times and it has worked so far! :T:T