Creditors have sent me a standing order form

Gaia2014

Ok, makes sense now. Either way they will get their money. So sick of being in debt now - just want them gone! Thanks.

Gaia2014

Marktheshark wrote: »

Send them a CCA in return.

What's a CCA btw... excuse my ignorance

blisteringblue

Exactly they aren't doing anything underhand it's just an option to set them up. I guess aimed at those who don't do online banking. I've had a few myself because we've just left Stepchange to go self managed.

A CCA is a way you get your creditor to prove under the Consumer Credit Act that they hold all the correct information to enforce your debt. A lot of pre 2007 debts do not have this information and are not legally enforceable. Ie the debt still exists but they cannot take you to court for a CCJ for non payment. A debt like this is much more open to negotiation with the creditor. Some simply treat it as written off but technically it is not.

Gaia2014

Thanks for clarifying that blistering blue...

as an aside does having a list of standing orders made payable to various DCA worsen credit score more than, say, paying by alternative means, e.g cheque, postal order? My guess is not... (credit score already affected etc)... Just thinking about the future and being debt free and how this might affect long-term credit worthiness...

blisteringblue

No if you are on any sort of DMP your credit file is shot I'm afraid. It will be wrecked for 6 years from either settlement or defaults.

sourcrates

blisteringblue wrote: »

A CCA is a way you get your creditor to prove under the Consumer Credit Act that they hold all the correct information to enforce your debt. A lot of pre 2007 debts do not have this information and are not legally enforceable. Ie the debt still exists but they cannot take you to court for a CCJ for non payment. A debt like this is much more open to negotiation with the creditor. Some simply treat it as written off but technically it is not.

This is a "must do thing" if any of your debts are been handled by a DCA, especially if the account was opened some years ago.

It can help greatly in reducing any balance you may owe, just by sending the CCA request, automatically puts an account "on hold", and becomes (temporarily) unenforceable, until the creditor has complied with your request.

If they don't have the agreement, then they cant fulfill your request, so the account would stay unenforceable, how ever long that may be.

So a creditor in this situation, would likely accept a lot less in settlement, than they normally would of.