Moorcroft contact request

[Deleted User]

I'm confused, is the £100 mentioned an arbitrary figure or am I losing my faculties. I can see no mention of £100 in the original statement form the OP.

madaboutspots

It reads to me that £100 was only mentioned as a "for example" to clarify the point - not as any suggestion it was an accurate figure. .... The default happened when the debtor who was expected to pay (FOR EXAMPLE!) £100 but was only able to pay £15.... Focusing on the £100 is veering way off point. 

Holidaymaker2019

sourcrates said:

Holidaymaker2019 said:

Deleted_User said:

Holidaymaker2019 said:

Deleted_User said:

He's already defaulted. They get in touch to see if a settlement can be reached sooner rather than later.

I don’t know what you mean, he’s not defaulted, he’s paid by dd £15 pm since 2003. There’s been no late or missed payment since the payment plan was arranged in 2003 with Lloyds. 

If the payment should be £100 a month and he is paying £15 a month then he's defaulted on the debt. Purely a technical answer, not a judgement

Deleted_User said:

Holidaymaker2019 said:

Deleted_User said:

He's already defaulted. They get in touch to see if a settlement can be reached sooner rather than later.

I don’t know what you mean, he’s not defaulted, he’s paid by dd £15 pm since 2003. There’s been no late or missed payment since the payment plan was arranged in 2003 with Lloyds. 

If the payment should be £100 a month and he is paying £15 a month then he's defaulted on the debt. Purely a technical answer, not a judgement

I don’t know where you get £100 a month from? The agreed sum is £15 which he has paid each month without missing a payment since 2003. 

The other posters are referring to the original contractual payments that he agreed to when he opened the account.
When he stopped making those payments, that is when the account would/may have defaulted, and that is the information that will have been recorded on his credit file.

Now he chose to make a payment arrangement in 2003, but the payment history of this arrangement is not counted as an indication of the accounts status, the original default, if it did default, only stays on file for 6 years, so will be long gone by now.

Non of that matters now as the information has long since been removed from his file, like I said above, send a CCA request, see what paperwork they have for this account, Moorcroft will just be introducing themselves, its nothing to fret about, email them if your more comfortable, you don`t have to change your payments, but again, as I said above, 17 years is far too long to be repaying this debt, he needs to be a bit more pro-active and get this matter sorted.

Do the CCA request, (use Google if you don`t know what that is) see what transpires from that, he may be able to settle this debt for much less than may be outstanding.

Thank you, very helpful. I agree it’s been hanging around far too long! 

Jamesyb123

I dealt with moorcroft a couple of years ago for a debt I had and they were extremely helpful and understanding and never pressured me to pay more than I could afford they also ended up arranging a partial settlement for me. I would suggest getting in touch with them also if he’s been paying £15 a month for 17 years he’s paid over £3000 back so the balance will be small and likely to be a fairly cheap partial settlement