20 yr Old debts

RAS

Tell who ever is managing your DMP that you are taking it over and need your file with the list of creditors, values, accounts, references. Even the debt charities aren't much good with settlements, just the way they are set up to share payments.

Set up a separate account into which you can pay your DMP money. Send out your CCA letters and set up DDs. Pay 2 months DDs and then cancel any that have not come back. Some will crawl out of the woodwork over the following months.

Creditors may remind you that debt that is not enforceable is still "collectable". Ignore.

Restart DDs for valid accounts.

Start to deal with any valid accounts who offer settlements that you can afford. Always haggle, offer maybe 60% of what they want initially. You might even check their year end?

Then offer settlements to those who haven't suggested one. Likely to be harder and more expensive but most will come round.

And please do check your credit records, just in case. You do not need debts managed inhouse/assigned with AP markers sitting there.

DUNITECNO

Thanks again for rapid reply R

Are you saying set up another bank account ?
is this possibe?
also as said I worry where one outfit have say 12 debts they purchased from several other d company’s that they may try to take action on the lot viewing them as one sole debt even though they were all separate debts for various loans or c cards etc originally 
could this happen legally so to speak   ? Or would they have to pursue them each and all as separate debts if it came to some kind of action 

DUNITECNO

Also would I not be better just paying dmp for 2 months other than opening new account till it’s sorted ?

RAS

Unless you've got pots like Starling offer, keeping all your "DMP " records and transactions separate from your day to day spends makes it easier. A basic account doesn't need a credit check.

Oh, and making any legal claim which combines more than one account is a fail. Suspect @sourcrates can advise further.

sourcrates

Some debt purchasing companies bunch together multiple accounts they may hold for the same debtor.

This then renders that debt irredeemably unenforceable due to the fact that account never originally existed and so no legal paperwork will exist either.

Its unlikely given that fact that they will do that with yours, but you never know.

DUNITECNO

Hi thanks little confused though with reply 

I meant was 12 debts all from different creditors originally were sold time and time again over the years and have now ended up with one debt company
was my point
and Q is can they as they now supposedly own all 
lump them all together as one and present the lot as one for action ??

DUNITECNO

Its unlikely given that fact that they will do that with yours, but you never know.

Above is why I reply again 
sorry if I’m a pain asking again 

RAS

as sourcrates explained if they lump all those debts together, they are irredeemably unenforceable.

In order to take legal action they have to produce documentation proving that they provided you with "the account". They cannot produce documentation for the account when it's a bundle of random stuff they've lumped together. 

May be a legal nicety, but 1x12 does not equal 1.

sourcrates

DUNITECNO said:

Its unlikely given that fact that they will do that with yours, but you never know.

Above is why I reply again 
sorry if I’m a pain asking again 

If they haven`t "lumped" them together by now, and they have had plenty of time to do so, then they probably never will.

It may become an issue if they were to sell all of your accounts, then they might "lump" them together to sell to a new buyer as a job lot, but you would be able to say "provide me with the original paperwork for this loan" which the new owner would not have, so best not to speculate on what might happen, just deal with things that do happen.

DUNITECNO

Hi all been a while replying as mulling where to go with this next during this time ?
have few more questions though 
so my DMP is with one of let’s say the major players and has been since around 2006 ish so convinced most have been sold on multiple times over
some original 21 debts now owned by 6 DCAs in total equating currently 11500 the lot 
according to my DMP that is what’s left 
get statements from most creditors sent every six or 12 month that match figures shown on DMP 

however one DCA that owns 6 old debts haven’t sent me any statements now for near 3 yrs since they purchased them ?

I was of the assumption that legally they should provide these as same as all others do ??

am I correct in the above as this bothers me in cancelling the DMP as I would in the latter case only be taking the word of the DMP as to all amounts owing etc across the the ones I don’t get actual statements sent?
I have all the info on all the accounts though via them and as said also via letters from most apart from the above mentioned