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Link/Wescot CCA provided

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Hi

months after my initial cca request was sent, Wescot have finally sent over the paperwork requested and it all looks above board.  Debt was originally a Halifax loan.

does this mean the debt is enforceable? I have tried to make FFA of about 40% which would have been secured borrowing against my property, this was rejected.  Will I be ok with token payments under these circumstances? At the currrent time I have no spare money to be paying anything of substance towards this debt.

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  • sourcrates
    sourcrates Posts: 29,130 Ambassador
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    Making a request for information under sec 77/79 CCA is one of your statutory rights and has no bearing on how much you may think a creditor will accept as payment on a monthly basis.

    Do not be adding this to your mortgage though, it`s a very bad idea.

    You offer to pay (A) what you are comfortable with, and (B) what is affordable to you, no other criteria apply.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • Clive1980
    Clive1980 Posts: 12 Forumite
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    Thank you for the advice.

    am I right in thinking that I have now lost the luxury of ignoring them though?

    I don’t want to run the risk of a CCJ 
  • sourcrates
    sourcrates Posts: 29,130 Ambassador
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    Do Wescott own the debt?

    If so, the worst thing you can do is ignore them at this stage, they can and do, get legal.

    All you have to do is tell them your circumstances, if you can`t afford to pay, say so, affordability is paramount, especially these days with the price of everything going up, debts of this nature are all non-priority, they know this, they know when things are tough, credit debts are the last on the list, they will probably be grateful for anything right now.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • Clive1980
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    Wescot are acting on behalf of LINK, think the debt is owned by LC asset SARL.

    Wescot have been supportive and I’m being handled by their Customer Support Unit at present.

    Debt is about 18k, owed about 16k to other companies but have managed favourable settlements, this is the last default I have.  They’ve offered  settlement of about 14k which is well beyond me.  Had it 5 years now, it took its toll on me and I was too focused on trying to pay it all off.  I’m not really in a position to pay anything substantial but don’t want it hanging over me the rest of my life either.

    Think a token payment is the best I can do as I don’t want to borrow extra on mortgage when that debt is unsecured as things stand.


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