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A NRAM Query

Miss_Poohs
Posts: 630 Forumite


Right - this one has me a hubs utterly foxed.
OH has DAS for several debts one of them being with the former NR.
Today he received a statement from them, which makes no sense to us at all - and for all intent and purposes it looks like there has been payments made to the account which have in effect brought the balance to £0.00 from over £40,000.
The bottom of the statement shows the last 6 transactions of his standing order, with the same amount coming and going between the debit/credit side!!
BUT - the account summary at the top of the statement says
opening balance - £40,000
closing balance - £300
Without meaning to sound thick what does this mean?
It looks to me like the debt has been paid off!!
Is this a scam by NR to get us to contact them, or has there been some kind of mistake?
OH has DAS for several debts one of them being with the former NR.
Today he received a statement from them, which makes no sense to us at all - and for all intent and purposes it looks like there has been payments made to the account which have in effect brought the balance to £0.00 from over £40,000.
The bottom of the statement shows the last 6 transactions of his standing order, with the same amount coming and going between the debit/credit side!!
BUT - the account summary at the top of the statement says
opening balance - £40,000
closing balance - £300
Without meaning to sound thick what does this mean?
It looks to me like the debt has been paid off!!
Is this a scam by NR to get us to contact them, or has there been some kind of mistake?
Don't try to keep up with the Joneses - Drag them down to your level - it's cheaper . 



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Comments
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It's a little late and my brain isn't really working right now, but with the DAS, is there a time period that this will be paid for? If so, will the payment he makes towards the NR debt equel this amount?
That is quite a debt - is it a mortgage? Not sure how these are dealt with in a DAS (if at all). I had initially though the £300 may be charges, but a DAS stops charges from being added doesn't it.
I'm being really helpful here, amn't i?
I think it would be best not to worry about it and see what comes in next month. Has he had the DAS for a while?After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91
Dad Gift 6k ¦ Savings & Inv Tst: £2,500
Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0
Total Owed: £2,270 (+6k) 11/08/20110 -
Hi George
No its not a mortgage its an unsecured loan - taken out by my husband (without my knowledge) I believe as a consolidation loan!!! Believe that if you will - anyway.
The loan was taken out back in 2007, and became part of a DAS around the summer of 2008 and its being paid each month through the DAS.
I did claim back the PPI for him and got that was removed from the loan, but this statement makes no sense at all - its all very confusing!!Don't try to keep up with the Joneses - Drag them down to your level - it's cheaper .0
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