Recent full and final settlements

glentoran99

Has anyone any experience of the following

Moorgate
Blair Oliver and Scott
And Aktiv Kapital

Just wondering if anyone has recently settled with them and what percentage they settled for

harveybobbles

How old are the debts? What are the original debts for? Have you CCA's them?

glentoran99

Activ kapital was originally virgin credit card, 2008 - defaulted 2012

Moorgate was MBNA loan - June 2006 not defaulted accepting reduced payments

And Blair Oliver and Scott was halifax credit card - nov 2006 - defaulted 2013

Been on dmp for about 3 years, interest and charges stopped

Haven't CCA'd them as I've read halifax are pretty good at producing them, and wasn't sure if cca'ing could rock the boat on the dmp

double_mummy

personally i would CCA them especially the 2 pre 2007 ones as the rules changed then so even if they did produce them they may not be valid

who is your DMP with as some of them CCA request when you start your DMP so you may want to check into that (also if you are using a fee paying one you should stop that do the F&Fs and if they dont accept them then go with a free one such as stepchange)

glentoran99

Much against all the good advice on this forum I am using a fee paying one, but I can't fault them, although I am thinking of going it alone.

I have already f&f 1 creditor (BOI) without their help so hopefully can get something from these ones too.

Was just wondering of anyone had dealt with these companies recently and what percentage was accepted.

Lensman_2

This thread contains good evidence of why a fee paying company is not a good idea.
https://forums.moneysavingexpert.com/discussion/4359291

I would get a CCA request off (include a request for a statement of account) urgently for all of them. You might be surprised how much money hasn't been paid off the original debt.

I would also go self managed or talk to one of the charities linked in my sig.

Regarding F&F, you are likely to get a better discount if they cannot produce a compliant agreement. Another good reason to do the CCA request.

A CCA request will not rock the boat with the DCAs. I would ignore anything the fee paying company say - it is in their interest to keep getting your money.

glentoran99

Lensman wrote: »

This thread contains good evidence of why a fee paying company is not a good idea.
https://forums.moneysavingexpert.com/discussion/4359291

I would get a CCA request off (include a request for a statement of account) urgently for all of them. You might be surprised how much money hasn't been paid off the original debt.

I would also go self managed or talk to one of the charities linked in my sig.

Regarding F&F, you are likely to get a better discount if they cannot produce a compliant agreement. Another good reason to do the CCA request.

A CCA request will not rock the boat with the DCAs. I would ignore anything the fee paying company say - it is in their interest to keep getting your money.

Thanks,

I have been keeping an eye on my balances and they have been reducing as i expected, they only thing is the DM fee could have been going to the creditors, I know this but everything expected has been paid. I do intend to go self managed but hopefully the money ive been promised can get rid of one or more creditors and it will be easier

happy_bunny_2

This one isn't doing you any favours:
"Moorgate was MBNA loan - June 2006 not defaulted accepting reduced payments"

I presume Moorgate own the debt?

If so, I would be arguing under the ICO default guidelines that this should be defaulted.

Otherwise, you will presumably have an arrangement marker that will stay for 6 years from when you settle the account.

Send CCA requests for the pre 2007 ones, as if its missing or not up to scratch you should be able to get a much lower settlement figure.

HB

glentoran99

happy_bunny wrote: »

This one isn't doing you any favours:
"Moorgate was MBNA loan - June 2006 not defaulted accepting reduced payments"

I presume Moorgate own the debt?

If so, I would be arguing under the ICO default guidelines that this should be defaulted.

Otherwise, you will presumably have an arrangement marker that will stay for 6 years from when you settle the account.

Send CCA requests for the pre 2007 ones, as if its missing or not up to scratch you should be able to get a much lower settlement figure.

HB

Im not sure if moorgate own the debt or whether they are acting on behalf of MBNA, i presume its the former as they are who are showing on my credit file

I found this

If an arrangement is agreed (see Principle 3 above), a default would not normally beregistered unless the terms of that arrangement are broken

http://www.scoronline.co.uk/files/scor/high_level_prinicples_document_final.pdf

How would i go about arguing it should be defaulted?

happy_bunny_2

Did you agree an arrangement? Who with?

If MBNA, then they should have defaulted on selling it.

There is a 2014 version but this is the one you want:
http://britain.experian.com/assets/responsibilities/brochures/guidance_on_defaults.pdf

glentoran99

happy_bunny wrote: »

Did you agree an arrangement? Who with?

If MBNA, then they should have defaulted on selling it.

There is a 2014 version but this is the one you want:
http://britain.experian.com/assets/responsibilities/brochures/guidance_on_defaults.pdf

Yeah arrangement was agreed with MBNA before it went to moorgate

Thanks for the link