CCA requests....... finally

RAS

That money's long been written off by the providers. Would be surprised if the new owners paid £3k for the lot, between them.

Decent Christmas present though. Enjoy.

sourcrates

The original creditor sells the debt for between 10 and 15% of its face value, it then writes the rest off to tax.

So basically they lent you 60k they never had in the first place, and still got a decent return on it.

That might be considered a good result all round.

Blackhawk79

Cheers guys,
as I said in my original post it's all down to the good advice I was given on this forum, without which I might not have even requested the CCA's.

So a big thank you to you all, and keep up the good work.🙏

Blackhawk79

Even though Cabot have told me my debts are unenforceable they are now writing to me asking me to contact them to set up a payment plan.

They have said they cannot provide the CCA's so do I just ignore their letters or do I need to write to them again to remind them that until they can provide the CCA's I will not be making any more payments?

Capquest, PRA Group and Lowell have not contacted again after admitting they could not provide the CCA's.

Rob5342

I would write once thanking them for confirming that its unenforceable and saying you won't be making any payments and then ignore them completely unless they send an LBA. PRA said a debt I had with them was unenforceable but they kept nagging me by phoning every two days and sending emails once a week for over a year. They seem to have given up now. 

sourcrates

Remember, its all computer generated, its set to spew out contact letters to whoever makes contact with them regardless of the circumstances.

If you want to chat to R2D2, go ahead, otherwise ignore anything that isn`t a "letter before action", and get on with your life.

Blackhawk79

Thanks for your advice guys.
I think I'll just ignore the letter rather than replying and just prolonging contact with them.👍

jones_guitar

Hi Blackhawk, ignore the letters. Don't prod them, the main company you mention found one of mine seven years later. I called the original bank to put in a data access request, they told me they retain information on credit card accounts for 10years.

Blackhawk79

Hi everyone,
well one of my creditors has finally come back with the paperwork, it's taken them nearly 5 months but they've found it.

It's from Lowell who bought my credit card debt from Capital One.
They have supplied me copies of the original application form along with the credit agreement.
They've also included 85 pages of transactions.

I took this Capital One card out in October 1998 so I'm very surprised they managed to dig out the paperwork.

One thing I noticed is that the 85 pages of transactions they have supplied don't start until a year later October 1999 and end in January 2022.
Now I don't know if that will make any difference, do they need to supply a list of each and every transaction from the start to the present day?

Luckily it's the creditor I owe the least to, £879 so I'm going to make them a full and final offer of 40% (£351.60) just to get them off my back.
I don't know whether they'll accept it but we'll see.

What's your thoughts guys?

tigergambit

Well done on establishing that so much is unenforceable. The transaction dates do seem odd and await response from others more knowledgeable.

40% is way too high to start negotiating from imo. Pick a round figure around half of that (£150?) and prepare a SO A to back it up. Don't rush it.