Helping Dad with debt

badmemory

If all these debts date back to 2008 it is quite possible that none of them show on credit reports & none of them may be enforcable.  Except the mortgage of course.

sourcrates

badmemory said:

If all these debts date back to 2008 it is quite possible that none of them show on credit reports & none of them may be enforcable.  Except the mortgage of course.

OP`s Dad has been paying them, so won`t be statute barred, they could of course send CCA requests, which was to be my next choice if write offs failed.

rachelmc_4

Update - Cabot, Lowell and Capital one all acceptable a greatly reduced offer and I’m now just dealing with the NatWest. The first three were really understanding after I send emails to them. NatWest are taking longer and I had to send medical evidence. Awaiting decision at present. 

chubsta

rachelmc_4 said:

Update - Cabot, Lowell and Capital one all acceptable a greatly reduced offer and I’m now just dealing with the NatWest. The first three were really understanding after I send emails to them. NatWest are taking longer and I had to send medical evidence. Awaiting decision at present. 

Thanks for the update, it can be really helpful for others to see how a particular scenario actually played out.

rachelmc_4

So we have very quickly after this update received a response from NatWest. They accepted the partial settlement offer of £5000 and the original secured debt/overdraft owed was £13500 or there about. All companies have been understanding and helpful when in the beginning I thought no one would listen and help. 

sourcrates

That`s good, so is Dad in the clear now money wise?

What`s the current situation?