Nearly there, just need a little help.

khanm78

So before I beging I just want to thank all of the staff and users here, its because of reading your articles and posts that we (Wife & I) are able to be here as well as a good inheritance for capital injection.

PS. this will be a long post.

In a nut shell through years of bad choices we have acumilated debts, and like to many people we ignored them or borrowed to clear them but ultimitly had even more. some bad times and we got more and some more stupid short term decisions made more. we finaly did stop this way of living years ago but debts dont go away and neather does the hounding.

anyhow, by the end of Janualy 2017 all my wifes debt should be delt with, that is the theory anyhow but as much as its anoying to get hounded by debt collectors its just as frustraiting to actualy get hold of who holds the debt.

Below is a workup of debts and amounts as well as outcomes of contact.
I used a letter template from National debtline I would have posted a link but as a new user I cant.
This was modified for our needs, one is also included below the workout.

Company Original Amount settlement Result

Lowell

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Shop Direct--£816.71

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£653.37--Agreement
Lowell

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Shop Direct--£741.54

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£593.23--Agreement
Lowell

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Shop Direct--£728.58

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£582.86--Agreement
Lowell

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Shop Direct--£319.28

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£255.42--Agreement
Lowell

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O2

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£443.69

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£354.95--Agreement
Vanquest

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Provident £440.00

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£294.00--Agreement
MMF

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Wage day advance £236.45

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£189.16--Agreement
Cabot

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Studio £466.41

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emailed awaiting reply
Cabot

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EE £767.19

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returned to Cabot
Fresh Start

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SKY £61.92

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awaiting reply
Wescot

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Santander £440.77

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Want phone call as e-mail declared unsecure
Capquest

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Capital One £263.39

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emailed awaiting reply
capquest

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Shop Direct £0.00

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DPA confirmed awaiting response
NCO

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Shop Direct £1,152.91

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£864.68--Agreement
Past Due

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Three £243.14

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emailed awaiting reply
Everyday Loans

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£1,732.81

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emailed awaiting reply
BurlingtT3-A1- buymobiles.net £355.00

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awaiting contact email via Burlington
Three Three

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£29.17

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Agreement
The Money Shop

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£29.00

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No Agreement
Opos

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Mini-Credit £817.77

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emailed awaiting reply
Uncle Buck

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Uncle Buck £295.66

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No Agreement
Asset Collections

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£1,264.50

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Agreement
United Utilities

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£1,837.02

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£918.51--Agreement
Aktive Kapital --Wme Finance £2,069.61

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emailed awaiting reply (Sold for £871.70)
Equita

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delta walk £169.56

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emailed awaiting reply
CFO

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CFO Lending £530.04

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emailed awaiting reply

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£16,252.12

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£5,577.88

As you cn see from the workup I have had some success from companies who on average have given 20% reductions. all comunication is via email so i can retain a copy for years to come. (dont trust any one) some companies still have not responded & some companies I just could not get anywhere with. The money shop failed to locate any account for My wife on two seperate attempts so we declaired it as no debt owed unless they can produce proof of debt. Uncle buck asked for 5 details ( phone number, adress, postcode, D.O.B & Full name) Replied 5 is excessive 3 is sufficient for DPA & that it was already in the email. "can you telephone us to confirm the details." They just replied with the same thing back so no go with them, of to fca obidsman with them.

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Letter I used:


Burlington Group
227-228 Strand
London
WC2R 1BE


117 some Crescent
my town
Lancashire
Post Code
30 December 2016
Dear Sir/Madam

Without prejudice

Account No: XXXXXXXX


I am writing about the money which you are claiming on the above account.

I can confirm that I am unable to pay the money which I owe in full.

This is due to too many other payment arrangements already in place with others include two payment arraignments to county courts, two payment arraignments with HMRC and payment arrangements with other debt collectors. My monthly salary stands at £1600 post tax & N.I a chunk of my tax credits are not being issued as they are being reclaimed by HMRC for overpayments in years gone by.

However, my partner is willing to help me with some of my debts. He has asked me to contact all my debtors and seek a reduced settlement offer. He has instructed me to inform them that he has limited funds and when they have been used there will not be any further funds he has access to as these funds are by means of inheritance, that his objective is for me to clear as many debts with what funds he has, that priority will go to the debt collectors who offer the best saving against the original debt.

I am able to make this offer on the clear understanding that, if you provide a reduced settlement offer and I accept it, neither you nor any associate company will take any other action to collect or enforce this debt in any way, that this debt is held by you and you have the rights and authority to deal with the debt on behalf of the original creditor and that I will be released from any liability including any difference in amounts between what you have accepted and what has been disregarded.

If you accept this offer, please confirm that you will mark my credit reference agency file to show that the above account has been paid and closed.

If the settlement offer is acceptable by my partner he can pay the amount you have offered between the 28th & 31st January 2017.

Please could you provide me details of how I can pay.

I would also like to request a 30 day hold on any further action to allow for this matter to be assessed.
All replies should be via email or postal mail only telephone / SMS will not be accepted.
If the debt has been cleared or you are no longer the company dealing with this please could you inform me so I can amend as appropriately.


I look forward to hearing from you.

Yours faithfully

my name was ere
Email-: [EMAIL="someone@someplace.com"]someone@someplace.com[/EMAIL]

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So the above is a overview of where we are.

What I am asking for from the comunity is as follows.

1, be gentle. we messed up we know it, no amount of bashing /witt or comments will change whats happened or how we feel. we learnt our lesson the hard way and for years we have not and will not be making this mistake again.

2, have a look through the above especialy the letter and see if we could have made it safer from any repocutions of the disregarded amounts. ( did we cover our !!!!!! )

3, what should we do about the companies that have not replied, Is there a cut off point in which they have to reply for the debt to be viable. if so and the time limit is expired can we declair the debt unproven and nul in void? none of the debts are exemp by the 7 year rule.

4, The pay day lenders, including "asset collection which is 3 PDL loans in one & has ccj on it" how exacly do I go about reclaiming some back if at all possible. wife borrowed from multiple lenders in short space of time borrowed from to pay other "asset collections client" cant remember there names right this second borrowed 3 loans in 4 days. anything to recoup some interest payments would be good

5, anything you men & Ladies can think of to help would be very welcomed.

and please dont get caught up in a right and wrong against your fellow forum people, everyone will have there own opinion and experiances. I want to hear them all.

Look forward to hearing from you all.
Mo

sourcrates

Hi,

The letter is ok, but you have included far too much detail to be honest, the letter on the National Debtline website is more concise and to the point.

Your discounts are ok, but if you ignore Lowell for a few months, they will come at you with settlement offers of up to 60%, so you could of done better.

Any creditor who does not respond to you, I would not bother about to be honest, the next time they write to you, send a CCA request, if the can't produce the nessessary paperwork, your debt may be unenforceable.

Have a look on the debtcamal website, there is a full guide to payday loan interest reclaiming, the CCJ should not disuade you from attempting a reclaim.

Well done on your success thus far.

khanm78

Hello and thank you for yuour response Sourcrates,

The lowell debts and most of the rest have been ongoing for some time, 10 years i believe ( contact was ongoing on and off ) we just want to be done with this situation but i perfectly understand your logic.

could you please give an example of "CCA request" i freel this is what has happened with the money shop a 3rd email today stating they have no record of the debt. but an example letter is always nice to work with.

Debtcamel: im sure thats where I was when reading up about PDL reclaiming from gurdian source. I think..

lastly would it be better to clear balances then proceed with reclaiming?

again thank you for your time and information I will act on what I can.

Mo

National_Debtline

khanm78 wrote: »

could you please give an example of "CCA request" i freel this is what has happened with the money shop a 3rd email today stating they have no record of the debt. but an example letter is always nice to work with.

Hi

You can request a CCA agreement using the information in this factsheet:

www.nationaldebtline.org/EW/factsheets/Pages/getting-information/credit-agreement-advice.aspx

James
@natdebtline

khanm78

Hello James,

Thank you for the template/s I have taken a copy of each template available and will start completing them for dispatch asap.

Mo