Help me.....CCA and Full and Final Offers

Milo1982

Hi There - I could really do with some help to clear some very old debt, that is just a noose around my neck!
I have four debts now totaling £17.5k (originally £28k) as detailed below

• Moorcroft (Santander) £2.4k - Default to come off in April 21.  CCA sent and CCA received(Shame).  Currently paying £75.00 per month (but struggling).   What should I offer as F & F??

• Debt managers (previously Tesco loan) £8k - Default to come off in July21.  CCA request sent 15/02/21, no response.  Managed through Moorcroft.  Currently paying £60.00 per month (but struggling). What should I offer as F & F??

• Intrum (Tesco CC) - £2k. Default removed already as defaulted in 2014.  CCA request sent 15/02/21, no response. Currently paying £55.00 per month (but struggling). What should I offer as F & F??

• Link Financial (Barclaycard) £5.3k.  Default removed already as defaulted in 2014.  CCA request sent 15/02/21, no response.  Currently paying £75.00 per month (but struggling). What should I offer as F & F??

Any help greatly received.   

fatbelly

Debts 2, 3 and 4 are currently unenforceable.

I'd start with Debt 1 at 25%

If you've got the cash to offer sensible amounts to 2, 3 and 4 should they come up with the goods, then there's no point in continuing monthly payments to those debts

How come you say you're struggling to make the monthly payments when you have the cash to offer lump sum settlements?

Milo1982

fatbelly said:

How come you say you're struggling to make the monthly payments when you have the cash to offer lump sum settlements?

Hi Fatbelly - thanks for replying. I have a family member is happy to gift me about £3k from their inheritance. I realise I might not be able to clear it all.

fatbelly

That might be enough if 8k or 7.3k turns out unenforceable. I can see the attraction of that strategy. It's going to be a long slog unless you can get some sucess here.

Keep an eye on the new DRO rules coming in - if your real surplus is £100 per month or less, it might turn out to be a good fallback option.

runforlife

Reduce your payments telling them that’s the most you can afford. I reduced mine in lockdown 1 and have maintained them now for a year . Cabot specifically went from one at £65 ish and one at £50 odd (can’t remember off the top of my head) to £10 each. In Sept and Oct Cabot offered me a 70% discount on f and f without me even asking.

poppasmurf_bewdley

Stop all payments to the last three until they produce your requested CCA.  Concentrate everything on Debt number 1. 

Penguin_

Quick question, without wanting to take over a thread. With regards to CCA's would Stepchange have requested these if someone started a DMP with them? 

fatbelly

Penguin_ said:

Quick question, without wanting to take over a thread. With regards to CCA's would Stepchange have requested these if someone started a DMP with them? 

99% sure the answer is no

sourcrates

fatbelly said:

Penguin_ said:

Quick question, without wanting to take over a thread. With regards to CCA's would Stepchange have requested these if someone started a DMP with them? 

99% sure the answer is no

I`d go one better and say 100% no.

Milo1982

fatbelly said:

That might be enough if 8k or 7.3k turns out unenforceable. I can see the attraction of that strategy. It's going to be a long slog unless you can get some sucess here.

Keep an eye on the new DRO rules coming in - if your real surplus is £100 per month or less, it might turn out to be a good fallback option.

I've been doing some more research on the CCA received from santander/Moorcroft.  Its one page, missing terms but does state name, address & APR.  Would this be ok and therefore enforceable?  I am going to write to them and drop the monthly payments considerably in order to hopefully 12months+ do a F & F at a low rate.

fatbelly

The guidance is in CONC13, if you google that.

It does say

(3) The terms and conditions should be those applicable at the time the agreement was executed. The name and address at the time of execution must be included.