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Advice on F&F please

2»

Comments

  • January2015
    January2015 Posts: 2,369 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    Flipflap wrote: »
    Out of interest what are the chances of them starting court proceedings against me?
    To recover the money that way?
    Thanks

    I'm no expert but I would say as long as you maintain contain and make some form of regular payment towards the debt it increases the chance the creditor/DCA would not proceed to court proceedings. That doesn't mean it won't happen, but if you are evidencing all you can afford is what you are paying them, then they will realise that going to court is unlikely to achieve an improvement on the existing payment offer.
    DFW Nerd No. 1484 LBM 07/01/15 Debt was £95k :eek: Now debt free and happy :j
  • fatbelly
    fatbelly Posts: 23,132 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    Flipflap wrote: »
    Out of interest what are the chances of them starting court proceedings against me?
    To recover the money that way?
    Thanks

    I agree with sourcrates. As a gut-feel figure about 1 in 10 feels about right. But they would have to have some sort of reason to choose your account to spend money on.

    If you've been making regular payments and are offering a lump sum there would be little reason to spend money on you, particularly if there was no obvious way to enforce the debt and it is not near to going statute barred.

    In your case it's probably less than 1 in 10.
  • Flipflap
    Flipflap Posts: 8 Forumite
    Thank you!
    I’ll let you know....
  • Flipflap
    Flipflap Posts: 8 Forumite
    Hi
    Thanks again for all your help
    One last thing can i just confirm, my debts are not on any of my credit file as the debts are longer than 6 years old i have checked!
    They state on their letter that a partially settled score will be put on my credit file, there is no way they can actually do this is there?
    Thanks again!
  • fatbelly
    fatbelly Posts: 23,132 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    Flipflap wrote: »
    Hi
    Thanks again for all your help
    One last thing can i just confirm, my debts are not on any of my credit file as the debts are longer than 6 years old i have checked!
    They state on their letter that a partially settled score will be put on my credit file, there is no way they can actually do this is there?
    Thanks again!

    No, that's just a standard phrase on their letter. Once the entry has gone from your record it stays gone.

    A ccj does create a fresh entry
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