Struggling with debt? Ask a debt advisor a question

Abadonian

Hi,

Have been offered a largely discounted settlement from Apex that I want to accept. Can anyone tell me if an email received from them saying "Once this payment has been received, your account will be marked as closed, your credit file will be updated to partially satisfied and all collection activity will cease, please be advised this process can take up to 6 weeks." is enough to guarantee they will not sell on the rest of the debt/try and claim it at a later date or if there is anything else I need to get them to do before paying?

Thanks.

A

callie1982

me and my ex had a bank loan together which has now been paid off , we split up in 2008 loan was finished last year , but how long will i be linked to him on my report ??? or can i ask for him to be removed?? thank you and hope i have put this is right thread !

Ox1987

James/Mat

Do you know if any of them managed to keep working after a bankruptcy.

My situation might improve but I am keen not to just take advice and ignore it if in reality we are a bankruptcy case

I am making all the payments now for this month but the next round will start around the 20th of next month which I was told should be doable.

I am just very stressed about what the future hold especially having 3 beautiful kids.

System

callie1982 wrote: »

me and my ex had a bank loan together which has now been paid off , we split up in 2008 loan was finished last year , but how long will i be linked to him on my report ??? or can i ask for him to be removed?? thank you and hope i have put this is right thread !

Hi callie1982 and welcome to the forum,

It sounds like you would benefit from some free and impartial advice.

You can try lodge a notice of disassociation, you find more about these here –

http://www.experian.co.uk/consumer/faq/AR3.html
It’s also best advice to check your report with all three credit reference agencies. They are Callcredit, Equifax and Experian.

I hope this helps.

Kind regards,

Mat

fatbelly

What_A_Mess wrote: »

Over the last three years, I've run up large (£10,000+) debts on my father's credit cards, got behind on the payments, gave up trying to pay anything over a year ago, ignored all letters from the credit card company, and now they've sent a solicitors' letter threatening court action by the end of the week if debt isn't paid in full.

My question is; is it possible to contact the credit card company/debt collection agency/solicitors and get them to transfer the debt into my name, since I'm the idiot who caused the problem?

Stepchange will be back on Tuesday but the answer to your question is No.

If the card is in your father's name, even if you are a second card holder, it is his debt and any court action will be against him. He needs to seek advice.

Also you should note that not all threats of court action result in a claim.

No_bread

Hi Have problem with X who would not take my name off bank account. Now he has taken out iva so they are coming after me for around £5000 any ideas ?

frugalliving

Hi everyone,

Has anyone partially satisfied a CC account with MBNA and got written confirmation that the account is closed and later been chased by a DCA for the balance ? or anyone who was satisfied with their settlement with them ?

I am in the process of settling and had confirmation that the account will be closed and marked as partially settled on my credit file but after reading a few different comments on various forums I am confused as to what to do as some people have been chased for the remainding balance even years after the debt was 'settled'.

I really want to pay it off as soon as possible but am scared to think that they will sell the balance to someone else!:eek:

frugalliving

Just a quickie! what is an unenforceable agreement??:o

callie1982

StepChange_Mat wrote: »

Hi callie1982 and welcome to the forum,

It sounds like you would benefit from some free and impartial advice.

You can try lodge a notice of disassociation, you find more about these here –

http://www.experian.co.uk/consumer/faq/AR3.html
It’s also best advice to check your report with all three credit reference agencies. They are Callcredit, Equifax and Experian.

I hope this helps.

Kind regards,

Mat

thanks mat , I have now done this!...so lets see !


I am trying to sort out my last 10 DEBTS stupid girl!!! credit cards and cataloges ! i have asked somewhere else but because they are with debt collection agencies who would i contact for the original agreements i shoudl have signed?? as if i didnt do it online i never signed them and posted them ?? i have just sent debt agencies , settlement figures?? lowell contacted me by email about 75% discount and still pay it off monthly ! so i jusmped at the chance! i have now offered the same discount to all my others at a monthly payment plan!! i am at home with 3 children , so limited income! and my new partner doesnt know about all of them and he will go crazy ! so im stuck with what money i have!! am i ok to try myself and get it all rsovled?? or should i go to cab???, i have had a lot paid off prior to this its now around the 5k mark but im hoping if they accept my offfers it willl ob be only about 1k !! fingers crossed!! i am so mad at myself !

peteuk

Hi

Im on a DMP, which previously took into account a car loan. We are currently out of the UK, but are back in July. We need to buy a "new" car. I believe its acceptable to take another loan to buy a car, but dont want to upset the apple cart so to speak.

We have also been offered an interest free loan by my work which should help settle back in the UK. This will be taken at source from my wage. Again is this going to upset the balance.

I will also be over due my annual review, obvisouly its going to take a month of so to settle in the UK, is it acceptable to delay this?

Pete