Credit card debts

sourcrates

Looking4silverlining said:

ManyWays said:

If you are asking for a write off on health grounds then you need to supply evidence from your doctor of hospital appointments about those problems.

Ok I understand. Im not really asking on health grounds but explaining that my situation is leading to ill health. I just don't have the money and probably will never have it. My partners ill health is what started all of this. I could send proof it that I guess. 

Then that is what you tell them, and back it up with whatever paperwork etc you wish to share with them.

Looking4silverlining

sourcrates said:

Looking4silverlining said:

ManyWays said:

If you are asking for a write off on health grounds then you need to supply evidence from your doctor of hospital appointments about those problems.

Ok I understand. Im not really asking on health grounds but explaining that my situation is leading to ill health. I just don't have the money and probably will never have it. My partners ill health is what started all of this. I could send proof it that I guess. 

Then that is what you tell them, and back it up with whatever paperwork etc you wish to share with them.

They have told me that my account has been closed so should I write to the bank or the Debt collection company? If my account has been closed surely I can't deal with the bank? Ive no idea and I want to set up a token payment if they won't accept my request of a full write-off but don't know how to pay it, any ideas?

sourcrates

Which debt are we talking about here, and who is "they"?

Has the bank just assigned the debt to the collection company equitably, just to collect the outstanding payments, not the full balance.

Or, have they sold the debt to a debt purchasing company, who are trying to collect the full balance?

You are normally informed in writing either way, does the collection company refer to "their client" at all? or are they saying they have bought the debt?.

I may have mentioned this before, but you should pick a strategy and stick with it, I assume your circumstances have not suddenly changed for the better, so why would you offer token payments and change strategy at the first hurdle?

You should stick with your plan, the answer to the above question will dictate who you write to requesting either non collection of the debt or a write off, only the debts owner can make these decisions.

Looking4silverlining

sourcrates said:

Which debt are we talking about here, and who is "they"?

Has the bank just assigned the debt to the collection company equitably, just to collect the outstanding payments, not the full balance.

Or, have they sold the debt to a debt purchasing company, who are trying to collect the full balance?

You are normally informed in writing either way, does the collection company refer to "their client" at all? or are they saying they have bought the debt?.

I may have mentioned this before, but you should pick a strategy and stick with it, I assume your circumstances have not suddenly changed for the better, so why would you offer token payments and change strategy at the first hurdle?

You should stick with your plan, the answer to the above question will dictate who you write to requesting either non collection of the debt or a write off, only the debts owner can make these decisions.

Ok Ill check the paperwork.

Looking4silverlining

Looking4silverlining said:

sourcrates said:

Which debt are we talking about here, and who is "they"?

Has the bank just assigned the debt to the collection company equitably, just to collect the outstanding payments, not the full balance.

Or, have they sold the debt to a debt purchasing company, who are trying to collect the full balance?

You are normally informed in writing either way, does the collection company refer to "their client" at all? or are they saying they have bought the debt?.

I may have mentioned this before, but you should pick a strategy and stick with it, I assume your circumstances have not suddenly changed for the better, so why would you offer token payments and change strategy at the first hurdle?

You should stick with your plan, the answer to the above question will dictate who you write to requesting either non collection of the debt or a write off, only the debts owner can make these decisions.

Ok Ill check the paperwork.

Hello again.

So I am referring to all of my debts which are credit cards or with banks.
I am starting to get defaults now from various accounts and receiving letters from Moorcroft Debt Recovery Ltd too. They are saying "We wrote to you recently as the bank have asked us to work with you on the repayment of your account. So that we can agree a payment plan that works for you, we need to talk to you to understand your current situation"
They are asking me to deal with them (SOA etc)
Should I send them the original letter that I sent the bank that explained why I had got into the debt, my reasons for not being able to get out of the debt and spiralling into a worse situation, and not feeling as though there was any way of me ever being able to get out of debt. Ive sent the bank my SOA as well as this letter but they just asked for doctors letters and its taking ages for me to gather this paperwork as its virtually impossible in London to get a doctors appointment let alone have a decent conversation about my circumstances. 
Im getting worried about these people turning up at my address as I live in a shared accommodation and they will certainly be let onto the property.
Or Im worried about being taken to court. Ive had about 3 letters from them now on one of the accounts so Im starting to worry about time. How long have I got before they make a move? Should I write to them? As Ive said before, if the bank has closed my account, how do I write to them?

Thanks for your time on this. 

RAS

They are most unlikely to visit, and if they did, their representative as as much power as next door's cat. Say, sorry for wasting your time. Please leave now, and they have to.

Meantime, it's better to ignore them. When you get a letter demanding you repay the whole sum, you can be expect the default letter a few weeks later. And hopefully a new marker on your credit record, After which you can start re-paying at the rate you can afford.

By law creditors have to send out some letters that sound scary, but most of the time the letters are just generated by their computer system.

sourcrates

They are just collection companies, working on behalf of their clients, looking to get you back on track, you don`t want to get back on track, you want defaults, so wait until they default, unless you get an LBA (letter before action) then that will need to be dealt with, otherwise wait, then once defaulted do as you wish.

Looking4silverlining

Thanks for the replies. I think my problem is that I have so many accounts and some have defaulted and some haven't so while Im waiting for the rest to default the ones which have already are sending me letters from the collection company. Ill write to the banks again explaining that I need more time and keep waiting while I gather more paperwork together. Im just scared at the moment, that's all, I think.

sourcrates

Looking4silverlining said:

Thanks for the replies. I think my problem is that I have so many accounts and some have defaulted and some haven't so while Im waiting for the rest to default the ones which have already are sending me letters from the collection company. Ill write to the banks again explaining that I need more time and keep waiting while I gather more paperwork together. Im just scared at the moment, that's all, I think.

Well you don`t need to wait until everything defaults, yes its better for you if that happens, but usually defaults will follow once payment plans are entered into, and to be honest your credit file should not be your number one concern right now.

No need whatsoever to be scared, what scares you, the possibility of court action?

If it were to happen, quite rare to be fair, as highlighted above, its all done remotely, online and by post, there is no requirement to actually attend in person, all a CCJ does is secure the debt for the lender to some extent, you still repay the debt via monthly repayments, according to your budget, they just have further options they can employ if you don`t pay, that`s all, nothing remotely scary about it, just a simple business process, nothing more. 

Looking4silverlining

sourcrates said:

Looking4silverlining said:

Thanks for the replies. I think my problem is that I have so many accounts and some have defaulted and some haven't so while Im waiting for the rest to default the ones which have already are sending me letters from the collection company. Ill write to the banks again explaining that I need more time and keep waiting while I gather more paperwork together. Im just scared at the moment, that's all, I think.

Well you don`t need to wait until everything defaults, yes its better for you if that happens, but usually defaults will follow once payment plans are entered into, and to be honest your credit file should not be your number one concern right now.

No need whatsoever to be scared, what scares you, the possibility of court action?

If it were to happen, quite rare to be fair, as highlighted above, its all done remotely, online and by post, there is no requirement to actually attend in person, all a CCJ does is secure the debt for the lender to some extent, you still repay the debt via monthly repayments, according to your budget, they just have further options they can employ if you don`t pay, that`s all, nothing remotely scary about it, just a simple business process, nothing more. 

Oh thank's for telling me that, it made me do a great big sigh of relief!

I feel a lot better now. I honestly can't see how Ill ever be able to pay these debts. My lifestyle has become one of living on the breadline since Brexit stole my business and Covid banged the last nail in and Im 56 and hurting with all sorts of bad health. Ive no one to leave me a windfall and I doubt Id ever be given any money. I guess Ill just have to live with it now. Maybe I can live with it without too much worry, thank you.
Thanks for making me feel better, I'm scared of bailiffs trying to take stuff from the people I stay with or just trying to hassle me or family etc. 
Phew