Link/Wescot CCA provided
Clive1980
Forumite 11 Posts
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.
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.
0
Latest MSE News and Guides
Replies
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.
More than a third of IVA`s fail....fact.
Could A Debt Relief Order help you ?
Never pay a fee for a Debt Management Plan.
For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
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
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.
More than a third of IVA`s fail....fact.
Could A Debt Relief Order help you ?
Never pay a fee for a Debt Management Plan.
For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
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.