Help...

Carl536373

I am just wondering if there's anyone who can give me some advice please?

I have £20k worth of debts, with 14k with NatWest (now Zinc group) and 3k with Barclaycard (PRA Group) and the rest split between finance agreements and other cards etc.

There's 4 defaults on my credit file- 3 with NatWest (2 loans, 1 Overdraft) and 1 Barclaycard. All over now over 4 years and were registered in January 2020. The overdraft is settled.

I have put CCA requests in for NatWest and Barclaycard however they sent over statements but no actual agreement, am I right in thinking these are not CCA's?

Off the back of that I've also put affordability complaints in to NatWest as they gave me 2 loans in the space of 6 months of each other, when realistically I was already in a bad position financially. I went through a divorce and then a legal fight for my kids so costs were heavy and I tried my chance to help through that.

Affordability complaints have also gone to Capital One for 2 cards and the Very group for increasing my credit limit so rapidly.

My questions are...

 - I am struggling with the agreed repayments on all of these, I've been thinking of going through a DRO but I'm not sure if it's right for me? The reason I wouldn't want this is because me and my partner want to buy a house in future and wouldn't want to add another 6 years on top of the 4 years it's affected my file

 - The CCA's - without these, could I realistically just ignore correspondence?

 - The payments are crippling me, I could just tell them I'm paying £1 a week a that's that but just want to make sure I'm doing the right things here.

Thanks

sourcrates

You should only be paying what is affordable, not what they tell you to pay.

Without a valid copy of a credit agreement the debt would be unenforceable in court, they could ask you to pay, but could not enforce their rights in court.

Statements are not credit agreements, correct.

Sec77/79 CCA does not apply to overdrafts.

Don`t be afraid to lower your payments, you can enquire about a DRO, yes your credit file would be affected for longer, but you would lose the debt, its all about weighing up the pro`s and con`s here.