the three letter process

andrewskywalker

Ok I give up,no have spent three hours trying to get answers and all I'm getting is pay up to companies I don'tout even know have a claim on the money. How do I know they haven't sold it on and just edging their bets to make even more money. The whole dca industry in this country is a sham!!!!!!!!

[Deleted User]

andrewskywalker wrote: »

Ok I give up,no have spent three hours trying to get answers and all I'm getting is pay up

Three hours, three days, three months or three years the answers will always be the same. There is no magical three letter solution.

If you are experiencing debt problems I recommend you get in touch with a debt charity or post on the "Debt free wannabe" board of this website.

[Deleted User]

andrewskywalker wrote: »

Yes I did and they said go bankrupt which was ridiculous

Why is bankruptcy a ridiculous option? If you have substantial debts and your debts are greater than your assets and you don't have the means to repay your debts then you are insolvent and bankruptcy is a perfectly legitimate way to deal with those debts.

Fill in a statement of affairs and head over to the Debt Free Wannabe board for some advice.

https://www.lemonfool.co.uk/financecalculators/soa.php

sourcrates

andrewskywalker wrote: »

Ok I give up,no have spent three hours trying to get answers and all I'm getting is pay up to companies I don'tout even know have a claim on the money. How do I know they haven't sold it on and just edging their bets to make even more money. The whole dca industry in this country is a sham!!!!!!!!

Hi,

What answers are you looking for ?
If they have provided proof of liability, then they have the legal right to ask for payment, if you cannot afford to pay, then tell them so, taking you to court and obtaining judgement against you will not in any way change your ability to pay.

Why is bankruptcy ridiculous ?

Perhaps if you elaborate a little on your circumstances, more specific advice can be given, you can pop over and post this on the debt free wannabe board, if you wish, as it would be a more appropriate place.

Davy_Jones_II

andrewskywalker wrote: »

Ok I give up,no have spent three hours trying to get answers and all I'm getting is pay up to companies I don'tout even know have a claim on the money. How do I know they haven't sold it on and just edging their bets to make even more money. The whole dca industry in this country is a sham!!!!!!!!

There is no magic answer to get you out of paying what you owe.

If you truly believe that they have no claim on the money then have your day in court.

It’s really not clear, though, why do you not think that you need to pay back what you owe?

FlippaFingaZ

Believe me it works. Join the 'Beat The Bailiffs And The Banks' group on Facebook, you will find countless people that it has worked for on there.

The people here trying to ridicule it and cast doubt are probably the very parasites whose "career" it threatens.

Good luck

Willing2Learn

FlippaFingaZ wrote: »

Believe me it works. Join the 'Beat The Bailiffs And The Banks' group on Facebook, you will find countless people that it has worked for on there.

The people here trying to ridicule it and cast doubt are probably the very parasites whose "career" it threatens.

If you check the legislation and regulatory framework, you will discover that no-one is
ridiculing anything. You'd find that only one of the letters is the correct application of the law (CCA request), and that the other two letters are pointless.

And welcome to the forum FlippaFingaZ

FlippaFingaZ

I'd still send the three letters ��!♂️. A few pieces of paper costs a lot less than potentially thousands of pounds. Better safe than sorry and all of that ��

sourcrates

FlippaFingaZ wrote: »

I'd still send the three letters ��!♂️. A few pieces of paper costs a lot less than potentially thousands of pounds. Better safe than sorry and all of that ��

The first letter is the key, the provision of proof, the other two are totally unnecessary.

frugaleagle

No, it's not a magic wand that will get you out of any and all debt. 
Nor is it nonsense that never works. I have read many accounts of it working, and I successfully used this process to clear a debt in 2015/16. Twice in fact - the first DCA backed down, a 2nd DCA bought the debt and then backed down after receiving my letter(s) (can't remember how many I had to send).