Santander CC passed to Wescott help!

hawkenstein

Hi All

I have a CC with Santander - the debt has been passed to Wescott. I was self employed for a year and I really struggled. im 5 month into a great new job, we have a little one on the way. I have made token payments of £50 to Santander and I called them this morning as they have put loads of charges onto and the original £5,300 limit is now up to £5,900. I had no idea until I spoke to them today that the debt had been passed on. I called to sort things out and to up payment to bring it up to date but now they have passed it on I'm of a mind to pay the minimum as I have lost the facility now anyway. Can anyone offer advice on how to deal with these people? Santander have given me a number to call them on but so far I have had nothing through the post from them. Your advice is greatly appreciated. My other half will be on maternity leave soon so every penny will count. help appreciated please in dealing with this.

debtfree2010

My debt was also passed onto wescott, and they have been brilliant, I was paying £29 per month against a £2200 debt, but I had to reduce all my payments as my house hold income had dropped and I phoned wescott to reduce the amount to £15.32 and the lady said just pay £10!!! So that's what I have been doing, no problem at all, I wish my other DCA were as good :T

And I am on a self managed DMP :j

onamissionEU

If your debt has been passed on to Wescott, I assume Santander defaulted you? In which case the damage is already done and you should be looking to clear the debt as economically as possible - as in a FULL AND FINAL SETTLEMENT... Wescott probably paid around 10-15% of the debt value so will be receptive to offers to clear the bal in full (assuming you have access to a lump sum). I would offer them around 25% to start with and work up from there. Do not settle for more than 60% - it may take time but you should get them to under 50%. There are other threads here dedicated to !!!!!!'s.
I myself cleared all my debts with this method for around 40% of the "face value" though my credit rating is trashed (defaults last 6 years). I have no further need for credit in the UK so this is not an issue for me.

If you have no lump sum then speak with them and agree low monthly payments (say 2 quid per month) - token payments. Save any excess cash you receive - they will no doubt offer you a !!!!!! from time to time.

IF for some reason you have not had a default recorded against you and still have access to credit/need access to credit you will need to be a bit more proactive and agree a REAL repayment plan (read: more than token payments) to avoid getting defaulted (once you have a default no lender will touch you - you will not get any more credit inc mortgages. But if you already have a default you have little more to lose so to speak). One area you should look at is getting the charges knocked off. Good luck!