Aktiv Kapital

Gordon53

To cut a long story short, due to disability, I had to give up work, in 2005, and was unable to continue payments on two credit card debts and a personal loan. Going to the Citizens Advice Bureau they wrote to my creitors, explained my circumstances, asked them to freeze interest on the debts, and arranged for me to make nominal payments of £1 per month; and this I have been doing ever since.

Over the years I have been asked on occasion to supply details of my current financial details, which I have done, using the same template supplied by the CAB.

Just over two years ago, one of the debts, a personal loan, with £2,300 outstanding from the original £10,000, from Egg, was sold on to Activ Capital, and after sending them a copy of the same template, I started paying them the £1 a month, and have continued to do so without break.

Now I have received a letter from them offering a 75% discount on the debt if I can send them the money by the end of the month. I don't have the money but a family member as offered to put the amount and pay the debt off for me.

Their letter says that it is a genuine offer, but I am concerned as to how genuine it may be. If the money was to be sent to them, could they come back at a later date and deny the offer? I'm not sure what to do and would be grateful for any advice you can give.

DarnIt_3

Retain the letter, call them to verify and then ask them to send another letter/email outlining the offer with the words FULL and FINAL on it. If you have this, pay them, it will stand up in court if they ever become idiots, but this is highly unlikely they would.

You also can ask them to adjust your credit report to SETTLED once it is paid off, it sounds like you are in a good bartering position.......use it

MrsTinks

If they are offering to let you settle at 25% of the remainder of the debt I'd be cheeky and offer them 15%... Make sure you explain that you do not actually have this money yourself but your relative has offered to lend you the money on the proviso that it is a full and final payment and will settle the debt in full.

Good luck

Gordon53

Thank you both for your prompt advice. I plan to write the following to Aktiv Kapital today:

[FONT=&quot]WITHOUT PREJUDICE[/FONT]

I write with reference to your letter of I July.
[FONT=&quot]
[/FONT]
Thank you for your offer of a 75% discount on the amount that I owe on this account, but I can confirm that I am still unable to offer to pay the amount that you request, i.e. £586.50 myself.
[FONT=&quot]
[/FONT]
However, a third party has offered to make an ex-gratia payment, of £586.50 to you, on my behalf. This offer is made on the clear understanding that you acknowledge that the amount is accepted by you, as being in full and final settlement of my account and that neither you nor any associate company will take any action to enforce or pursue this debt in any way whatsoever and that I will be released from any liability.
[FONT=&quot]
[/FONT]
[FONT=&quot]I also request that, if accepted, you will make an entry on a credit reference agency file relating to the above account as having been paid and the account closed.[/FONT]
Payment, in form of a cheque, can be forwarded to you within a week of receiving your written agreement of this offer and method of payment.
[FONT=&quot]
[/FONT]
[FONT=&quot]I look forward to receiving your reply.[/FONT]

What do you think?

DarnIt_3

Sounds good to me

Gordon53

DarnIt wrote: »

Sounds good to me

Thanks, I'll let you all know what happens.

ex_manager

STOP........... i worked there for 8 years as a manger till not long ago.
ask your self why there offering this much off? you need to find out the default date of the account. if its over 6 years (stat barred)... you dont have to pay NOTHING. infact stop the payments.
they might come out with a few one liners like... the 6 years start again from the last payment (A LIE) or they might say when you admit to the debt its starts again (A LIE)

if it is still on your credit reprot then if they have offered 25%.. tell them u will pay 10%.

think about it. at £1 a month. over a year they will get £12.... but if you offered them £100 top clear. that would take you 9 years at £1 a month...

believe me, the rate i am giving out advive. they wont be aroung 9 months, let alone 9 years lol

fermi

ex_manager wrote: »

you need to find out the default date of the account. if its over 6 years (stat barred)... you dont have to pay NOTHING. infact stop the payments.
they might come out with a few one liners like... the 6 years start again from the last payment (A LIE) or they might say when you admit to the debt its starts again (A LIE)

if it is still on your credit reprot then if they have offered 25%.. tell them u will pay 10%.

What nonsense.

The default date recorded on your credit report has nothing at all to do with whether the debt is statute barred or not.

A debt can be on your credit report, but STILL be statute barred.

Conversely, a debt that is not on your credit report may not be statute barred yet.

Honestly, if that is the level of knowledge that an ex manager from Aktiv has, then I can see why they are so hopeless.

ex_manager

fermi wrote: »

What nonsense.

The default date recorded on your credit report has nothing at all to do with whether the debt is statute barred or not.

A debt can be on your credit report, but STILL be statute barred.

Conversely, a debt that is not on your credit report may not be statute barred yet.

Honestly, if that is the level of knowledge that an ex manager from Aktiv has, then I can see why they are so hopeless.

hate to say it. but you need to read up on your facts. after 6 years of the default date.. it is REMOVED from your credit report and they are NO records of it.
it will not affect you nor can it be put back on.

accounts that have not been passed (sold) to a DMC (debt company) will not have defaulted yet, so once there sold from the creditor. this is when the default is added.

they got rid of me because i was good at what i did. when i was there we hit 6.4 million a month.. now they hit 1.2 million a month.

i know what im talking about. u dont. your more than likey a staff member, with the information your giving out.. as it WRONG

fermi

ex_manager wrote: »

hate to say it. but you need to read up on your facts.

I know my facts.

You however, clearly don't have the slightest clue.:eek:

ex_manager wrote: »

after 6 years of the default date.. it is REMOVED from your credit report and they are NO records of it.
it will not affect you nor can it be put back on.

If the account is not statute barred, you can still be taken to court for it.

Which would screw your credit record for a further 6 years.

ex_manager wrote: »

accounts that have not been passed (sold) to a DMC (debt company) will not have defaulted yet, so once there sold from the creditor. this is when the default is added.

Complete and utter twaddle.

Accounts are frequently defaulted long before the are sold on.

ex_manager wrote: »

they got rid of me because i was good at what i did. when i was there we hit 6.4 million a month.. now they hit 1.2 million a month.

If you were good, then I would hate to see what nonsense the bad ones thought was true. :eek:

ex_manager wrote: »

i know what im talking about. u dont. your more than likey a staff member, with the information your giving out.. as it WRONG

:rotfl::rotfl::rotfl::rotfl:

Funniest thing I think I have ever heard on here.

I work for Aktiv? Err.... Yeah.... Right.... :rotfl:

The only one giving WRONG or misleading info is YOU.

Tixy

Fermi - you've been rumbled :rotfl::rotfl:

ex manager - I see you are still posting the same old inaccurate tripe on here - despite a thread you started on this subject already having been removed.

Before you come back and give anymore poor advice why don't you read up on the limitation act.

I wonder if you were sacked for not being able to grasp the basic legalities of the act - mind you I can't believe activ would have such standards.