Following request for my CCA, the DCA has come back with a reduced offer to settle up

Jeekah

Is this what they usually do when they know they know they are unlikely to be able to dig up a valid CCA? The debt in question is for something I am not entirely I sure I owe and will be statue barred within the next few months anyway as it will be over 6 years old.

A slightly shortened version of the letter I got (from Lowells) is below and any advice on what to do next (should I reply?) would be very welcome. The reduced amount they are offering is half the amount they claim I owe.

The letter:

"Following your recent request to be provided with a copy of the original credit agreement I can confirm that our client has requested it be retrieved from archive.

Once your agreement is retrieved you will be required to repay the outstanding balance in full. If deemed necessary, we may initiate legal proceedings which could see your outstanding balance increase due to court costs and interest.

In an attempt to resolve the is matter in an amicable way I would like to offer you a settlement to bring this matter to a close.

As long as the payment is with us by 26/06/2008 I am willing to accept £227.60 as full and final settlement on your account. If payment is not received within the time we reserve the right to proceed to collect the full balance.

If you want to take the offer and bring this matter to a close then please call the number below."


Thanks for your help and advice
J

bringmeshoes

I personally wouldn't pay anything i was sure that I owed
maybe they are now grasping at straws and trying to get something back pretty soon if they know it will be statute barred soon

fatbelly

Jeekah wrote: »

will be statue barred within the next few months anyway as it will be over 6 years old.
J

...only if you haven't acknowledged the debt in those six years.

Jeekah

bringmeshoes wrote: »

I personally wouldn't pay anything i was sure that I owed
maybe they are now grasping at straws and trying to get something back pretty soon if they know it will be statute barred soon

That is the main reason why I will not settle up. I would just like to know if other people who have requested their CCA have been offered something similar. They have not produced my CCA yet, but then it is early days as the 12+2 is not up until next week.

Fatbelly, I have had no contact since I have lived at this address, which will be 6 years soon.

Thanks for your replies.

stapeley

Just sit tight !

RAS

Jeekah

i was reading a lovely explanation of the CCAs and Lowell by rog2 earlier in the day/yesterday.

Basically, if they had the CCA, they would not be offering you a reduced settlement deal. And if they do not have the CCA, you owe NOTHING,

Hold tight. and come baclk for support when you need it.

Will try and find the link

RAS

here you are - Lowell special

http://forums.moneysavingexpert.com/showthread.html?t=988645

Jeekah

Thanks all for the advice and yes RAS, I did find Rog2's explanation very helpful, thank you for pointing me in the right direction.

J