Is it too late?

too_much_debt_2

Hi All,

One of our debts has been passed to a DCA, however, we have not acknowledged the debt with the DCA and the letter they wrote to us does not include whom the debt is for and the amount of the debt. We know which debt they are referring to because we have ceased making payments to a credit card company for over 8 months now. However, we would like to restart payments (token payments) but with the credit card company if possible.

Is it too late, do we have to go through the DCA? we wanted to call the credit card company and apologise for our lack of payments and restart payments without acknowledging that we have received a letter from the DCA.

Also, is it too late to try and secure a F&F ? what is the normal percentage people request?

Thanks,

too much debt

Tixy

Usually once its gone to a DCA the card company won't take it back - but you could try, no harm in speaking to the credit card co. Are you sure its an external 3rd party DCA not the banks in house company?

Its not too late to get a F&F, in fact you are usually much more likely to get a F&F accepted once its gone to a DCA.

If they haven't included the details then regardless that you know which debt it is, it is usually advised to start with the prove it letter first - http://forums.moneysavingexpert.com/showpost.php?p=11570893&postcount=2

too_much_debt_2

Thank you for your response. Does the prove it letter need to be mailed registered mail. We are currently living abroad and the letter arrived to our correspondence address in the UK.