Historic Debt Advice

jamesdro

Good Morning All

This is my first post here so first of all Hi hope everyone enjoyed the weather while it lasted

Ok so here's my story

I recently got my credit report as I was finding it hard to get a mobile phone contract which has never been a problem before

and here came the shock I had some historic debts I was unaware of totaling about 10K

I believe this is from a car I purchased after graduating from my undergrad before the recession hit, but in that time I was involved in quite a nasty crash and my car was written off

At the time of taking out the car (from carcraft which I know now is a huge mistake) I made sure i had gap insurance so this should have covered the remaining finance? well this is what i was told

This all took place over four years ago

furthermore i don't know how a second hand punto cost me 10K

I currently am making a modest salary and from which I am supporting my partner who has two years left in her post grad

hopefully our look will change once she graduates (but nothing is certain) however currently after bills rent and council tax we have a little less that 50 pounds disposable income.

at that rate these debts would take more than 16 years to clear

I was hoping for some advice as a google search just brings up a miriade of companies trying to make a quick buck out of this kind of situation and the array of options is bewildering from DMP to IVA to DRO and bankruptcies

I fully intend to pay off what I owe even though I'm feeling a little aggrieved by carcraft

firstly I only remember taking out one finance package not two and I believe I was miss sold gap insurance and possibly PPI but as I say this was a long time ago and I have no record of any paper work

Any advice would be welcome

and sorry for babbling on

Thank you in advance

James

matttye

The company should have records of what you were sold even if you don't.

Send them a subject access request (there are template letters on this forum) along with a cheque for £10. They then have to give you copies of all data they hold about you.

happy_bunny_2

Are they chasing you for the debts?

Who owns them?

Are they showing as defaulted on your report? How much for/ approx default date?

When did you last pay or acknowledge he debt in writing?

You need a CCA or SAR. The above depends on what the next step is.