Debt Settlement Letters Do I have to include a budget planner?

sourcrates

Amberelli said:

I've had a reply from the largest debtor and they don't have the CCA! 

You are the debtor, they are the creditor, they won`t have the CCA, it never leaves the original lender, they will have to go back to them to try to obtain it, so this may only be a temporary reprieve.

fatbelly

While they cannot supply the cca it is unenforceable under s 77-9 CCA

To stop paying is good advice. For now, enforceable debts take priority. After six years of no payments the debt becomes unenforceable under Limitation Act 1980

Amberelli

RAS said:

Presuming that's not covered by a charging order? Stop paying. They may find it in a few months or years, or may just put it in the "not worth the effort" pile and sell on.

Concentrate on the charging order and stop paying everything else. 

P.S Hope he gives you a huge hug and brings you a cuppa in the morning.

Haha thanks so much - actually he DID bring me a coffee this morning

Amberelli

sourcrates said:

Amberelli said:

I've had a reply from the largest debtor and they don't have the CCA! 

You are the debtor, they are the creditor, they won`t have the CCA, it never leaves the original lender, they will have to go back to them to try to obtain it, so this may only be a temporary reprieve.

Thank you - We are thinking about offering a low ball F&F and see if they bite - you are right - they may find it so we're thinking this could be a good move to go down the F&F route and get rid once and for all.

RAS

Hold off on the full and final until the end they come back with a valid CCA.