PPI claim company threatening to damage credit rating, help!

D3xt3r5L4b

But it was part of the agreement. Why did he not pay the fee out of the PPI claim?

ciderboy2009

bradders1983 said:

FUrake said:

Dr_Crypto said:

Has he contacted them to agree a repayment plan? They can certainly apply for a CCJ which, if registered, would trash his credit. 

yeh, he tells me he contacted them and asked if they would be willing to accept £20 a month until hes back in FT employment and apparently they werent happy with this offer

Let them crack on then. I suspect no sensible judge is going to issue a CCJ when he is paying £20 a month towards a £240 debt. In any case he will probably have paid it off before a judge even sees it.

If he admits the claim and makes the offer of £20 a month (which, based on what we have been told would be what he would have to do) then a CCJ will still be issued.  If the claimants accept the offer then it would be entered automatically without ever being seen by a judge.

bradders1983

Fair enough, I suspect anyway it is al bluster from the PPI company and if they are getting a steady £20pm they are likely just to leave it and let him do it, for the level of debt its hardly worth their effort.

A better option would be for the OP to lend him the £240 to pay the debt off and then he can be paid back at £20pm instead, no idea how feasible that is.

FUrake

bradders1983 said:

Fair enough, I suspect anyway it is al bluster from the PPI company and if they are getting a steady £20pm they are likely just to leave it and let him do it, for the level of debt its hardly worth their effort.

A better option would be for the OP to lend him the £240 to pay the debt off and then he can be paid back at £20pm instead, no idea how feasible that is.

yeh I think thats what im going to do so he can just get it cleared, cheers

[Deleted User]

FUrake said:

bradders1983 said:

Fair enough, I suspect anyway it is al bluster from the PPI company and if they are getting a steady £20pm they are likely just to leave it and let him do it, for the level of debt its hardly worth their effort.

A better option would be for the OP to lend him the £240 to pay the debt off and then he can be paid back at £20pm instead, no idea how feasible that is.

yeh I think thats what im going to do so he can just get it cleared, cheers

Given he struggles to pay them back and they can destroy his rating, why do you think he'll prioritise paying you back when you realistically can't do anything to push him?

Dr_Crypto

If you do lend him that money see it as a gift as the reality of the situation is that he doesn't have any money and you'll be bottom of the list to be repaid. 

Jumblebumble

Dr_Crypto said:

Has he contacted them to agree a repayment plan? They can certainly apply for a CCJ which, if registered, would trash his credit. 

Nonsense
If he pays it in 30 days it will be removed from the register and  no credit will be trashed

D3xt3r5L4b

Jumblebumble said:

Dr_Crypto said:

Has he contacted them to agree a repayment plan? They can certainly apply for a CCJ which, if registered, would trash his credit. 

Nonsense
If he pays it in 30 days it will be removed from the register and  no credit will be trashed

But it's already been ascertained that he doesn't have the money to pay for the fees, despite the PPI reward...

Dr_Crypto

Jumblebumble said:

Dr_Crypto said:

Has he contacted them to agree a repayment plan? They can certainly apply for a CCJ which, if registered, would trash his credit. 

Nonsense
If he pays it in 30 days it will be removed from the register and  no credit will be trashed

That is why I specified "if registered."
My post was entirely correct. 

Jumblebumble

Dr_Crypto said:

Jumblebumble said:

Dr_Crypto said:

Has he contacted them to agree a repayment plan? They can certainly apply for a CCJ which, if registered, would trash his credit. 

Nonsense
If he pays it in 30 days it will be removed from the register and  no credit will be trashed

That is why I specified "if registered."
My post was entirely correct. 

People may misunderstand what you stated and interpret it as debt collectors like to pretend is the case that if you get a CCJ then it stays for 6 years
I genuinely do not know if the Registry trust means what it literally  says  that a default is  always registered and then removed if settled in 30 days or do they mean it does not go on until 30 days is past.
A default cannot  be removed from a register by definition  if it was not registered in the first place.