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PRA Group/ Intrum. Advice on Full and final settlement Offers.
EraserOfLove
Posts: 25 Forumite
I would be so greatful if anyone could offer me some guidence on 2 debts that have been hanging over my head since 2005. One debt to intrum £3368 & one to PRA group for £7983.
According to the letters i get from these 2 creditors , The Intrum debt was for 'HFC Bank' originally, the PRA group debt was for 'Halifax/Royal bank of scotland'. Both debts have been purchased several times by Debt Collecting agencies over the years.
I have been paying these two debts for 15+ years. I pay £5 per month for both, .Interest has been frozen on both accounts. I am a stay at home dad while my wife works. I am ashamed and embarrassed of these debts which accumulated following several Nervous breakdowns. No excuse, these debts are mine and they haunt me.
Following the death of my father recently, i have a small amount of money which i would love to use to finally clear these mentally debilitating debts. I do not have the full amount but approx 50% of it.
Both debtors only contact me via postal letter. I am on their files as a 'vunerble person' because of those ongoing health issues. intrum send me letters offering 50% cash settlement discount letters a couple of times a year. PRA group never send me any discount offers, just 6 monthly statements. Akitv Kapital had the debt before PRA and would send me 'discount vouchers' for up to 70% off.
Question; How do i begin the process of offering these two debtors the 50% discount i need to end this awful sitution which seems to go on in perpetuity.
Many , Many thanks.
According to the letters i get from these 2 creditors , The Intrum debt was for 'HFC Bank' originally, the PRA group debt was for 'Halifax/Royal bank of scotland'. Both debts have been purchased several times by Debt Collecting agencies over the years.
I have been paying these two debts for 15+ years. I pay £5 per month for both, .Interest has been frozen on both accounts. I am a stay at home dad while my wife works. I am ashamed and embarrassed of these debts which accumulated following several Nervous breakdowns. No excuse, these debts are mine and they haunt me.
Following the death of my father recently, i have a small amount of money which i would love to use to finally clear these mentally debilitating debts. I do not have the full amount but approx 50% of it.
Both debtors only contact me via postal letter. I am on their files as a 'vunerble person' because of those ongoing health issues. intrum send me letters offering 50% cash settlement discount letters a couple of times a year. PRA group never send me any discount offers, just 6 monthly statements. Akitv Kapital had the debt before PRA and would send me 'discount vouchers' for up to 70% off.
Question; How do i begin the process of offering these two debtors the 50% discount i need to end this awful sitution which seems to go on in perpetuity.
Many , Many thanks.
0
Comments
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Sorry to hear of your troubles, others will come along with more detailed info but I would recommend trying to get them to right it off altogether. Good luck"You've been reading SOS when it's just your clock reading 5:05 "1
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I'd do cca requests on both. There's a good chance the paperwork no longer exists, particularly on the hfc one
https://www.nationaldebtline.org/fact-sheet-library/credit-agreements-getting-information-ew/
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Thank you FatBelly. i've followed your link to obtaining the cca request. silly question, how do i send the £1 fee along with it. Cheque?. thanks again.fatbelly said:I'd do cca requests on both. There's a good chance the paperwork no longer exists, particularly on the hfc one
https://www.nationaldebtline.org/fact-sheet-library/credit-agreements-getting-information-ew/0 -
Postal order is best, but a cheque will do if you still have one.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-letter1
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I use an uncrossed unmarked postal order. Half the time the creditor jusr returns it so you can use it again.
It's a quirk of the law, set up many years ago, that is a nuisance to everyone now1
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