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Helping Dad with long term debt / CCA without default (Barclaycard)
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Your Dad will have re-paid far more in interest than the Banks deserve over the years.
Send the CCA request and be done with it, the chances that Barclaycard will be able to comply with a sec 77 request after 25 years are fairly low, and hopefully he can just walk away from this.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
I would discuss the CCA thing with him - if you say that he’s the sort of person who feels he should keep paying regardless of the personal impact, then will he be happy that he can simply stop paying if no CCA is produced? If not, then that in itself maybe a pointless exercise.
Sourcrates is right though - he’ll already have in real terms repaid this debt many times over.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
You might as well request it and see where you stand, it only takes a few minutes to print the letter.0
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