How quick can I clear my debt

robinsonad86

Hi all long time lurker first time poster on this forum. Hoping it helps me keep focused and looking forward to any advice that helps me on the way. Currently on a DMP with PayPlan but really want to take the steps now to get it cleared as soon as possible. I was paying 125 a month but have lowered this to just over 20 saving the rest in an EF towards F&F payments. I also need to contact some companies to get the default dates corrected as some didnt default for 18 months to 2 years. I did make contact earlier in the year but had no reply so going to go down a complaints route if I need to. I have listed all my debts below:

Lendable opened November 2018 now with Intrum with a balance of £6284.36. Defaulted March 2022. (Really wish i hadn't opened this was trying to bury my head in the sand and consolidate)

Tesco CC opened December 2016 now with Intrum with a balance of £349.10. Defaulted April 2019

Newday Loan opened March 2018 now with Link Financial with a balance of £1889.43. Defaulted November 2020

Capital One CC opened February 2015 now with Lowell Financial with a balance of £656. Defaulted December 2019

Very opened September 2015 now with NCO Europe and a balance of £979.08. Showing as arrangement to pay

Aqua CC opened January 2016 now with Newday and a balance of £2288.40. Showing as a delinquent account

Barclaycard opened April 2016 now with PRA and a balnce of £259.51. Defaulted March 2019

Yorkshire Bank CC opened January 2017 now with Virgin Money and a balance of £328.40. Defaulted May 2021

CCA requests were sent to all of the accounts in July. 


The Newday/Aqua account and Lendable account with Intrum are both enforceable.

Link financial who own the Newday loan wrote to me stating “”We write further to your request for account documentation under section 77/78 of the Consumer Credit Act 1974. Unfortunately the original creditor has confirmed that they are currently unable to comply with your request within the 12 day initial timeframe.

Although the account is currently unenforceable the outstanding balance remains collectable and it is acceptable for creditors to register and continue the reporting of a default.” I have currently left it as it is but considering a low ball F&F offer seeing as they currently class it as unenforceable.

PRA have also said the account is unenforceable “please find enclosed documentation received to date; we are awaiting further documents in order to complete your request. We have currently deemed this debt as unenforceable” It goes on to state what this means before ending “If we obtain information in the future we will of course provide this to you immediately” i find this strange as they have provided a CCA however the letter states it is unenforceable I have sent this in reply 

“am writing in reply to your letter dated 29th August 2022 in which you state you have “deemed this debt as unenforceable”. I am currently prioritising payments towards priority and enforceable debts and as such my payments to yourselves will be stopping with immediate effect.

I am currently in a DMP with PayPlan where I have recently had to decrease my payments and you have been receiving £1 a week I will be instructing PayPlan to cease payments to yourselves. However, taking in all of the above I can raise £30 and I want to offer this as a full and final settlement of the account. I am making this offer on the clear understanding that if you accept it you nor any other company will take any further action to collect or enforce this debt in any way and I will be released from liability. 

If you accept this offer please confirm that you will mark my credit reference agency file to show that the above account has been paid and closed. 

I can pay the amount I have offered within 3 days of receiving your written agreement of this offer.

Please provide details of how I can pay. 

I look forward to hearing from you. 

Yours faithfully"

£30 may not be worth their time accepting but if they decline I will cease payments and try again in a few months

WinterWarrior

Good luck. 

Have you done an SOA to see how affordable payments are?
full and final settlements are the quickest and cheapest way to get your debt down, so I hope you’re successful. 

robinsonad86

Thanks for your reply. Yes SOA was done before I entered into the DMP I feel more clued up now and wish I knew then about allowing accounts to default etc so really want to get these sorted over the next couple of months

robinsonad86

Back looking for some information please.

It has now been over 3 months since I sent CCA requests to all my creditors I have had the following replies confirming enforceable debts:
Intrum UK (Lendable) 
Link Financial (Newday Loan) Found the paperwork and this is now enforceable
Aqua/Newday CC 

PRA have confirmed the debt is unenforceable but not accepted an offer for F&F so I am not paying anything to them

Virgin Money/Yorkshire Bank have sent partial paperwork and claimed to be awaiting the rest however I have had nothing else and no confirmation of enforceability.

The three below have all failed to reply so far, I know legally there is no timeframe for responding to a CCA request however surely 3 months is a reasonable length of time to expect a reply? I am just wondering if I would have grounds to cease payments to these accounts or the best way to handle these now. I am tempted to throw the above Virgin account in with these as they have sent no definitive answer either way

Intrum UK (Tesco)
Lowell (Capital One)
NCO (Very)