New member – Debts / Anxiety / Depression – Advise Needed

Dear Friend

Thanks you for visiting my post, any help/advise is greatly appreciated. Thanks in advance.

Please go easy, I am a newbie to this. I have read lots of posts for the past few days on MSE but haven’t found a clear answer as yet therefore my apologies if I am asking any repeated questions. This is to make sure I make right decision and take the right actions. Also apologies for the long post, I wanted to give you all the info upfront to save time.

Brief history:

A close family member passed away which led me into years of depression. Built up credit card debts as per below with ex-wife. Went through a divorce and was left with all debts as it was on my credit cards. Recession of 2008 and especially anxiety of my debts and constant hounding from debt agencies affected my health and led to closure of my business. I continued paying my debts with my savings until I had nothing left. In 2010/11 I defaulted on all credit cards. Over this period and thereafter, depression and especially anxiety took over my life and I had nothing left in me to fight these issues. Fast forward to present day and I have fought very hard and I am much fitter mentally (still with some anxiety and depression) and physically to deal with my debt issues and am ready to take on these companies!

Current Debt Situation:

(1) Robinson Way (Egg), opened Jun-04, balance £11,290, paying £5.00/mth, defaulted Dec-10, f/f offer received £3,390

(2) Capital One, opened Jan-01, balance £2,640, paying nothing, defaulted Apr-11, last payment made April 2016

(3) Cabot (HSBC) opened Apr-06, balance £2,925, paying £5.00/mth, defaulted Jul-11, f/f offer received £875

(4) Cabot, (Lloyds), opened Sep-04, balance £15,800, paying £5.00/mth, defaulted Jul-11, f/f offer received £7,955

(5) Moorcroft (Amex), opened Mar-06, balance £4,900, paying nothing, defaulted Jul-11, last payment made Dec 2012

(6) Link Financial (Barclaycard)opened Oct-03, balance fully settled, defaulted Aug-12, possibly incorrect default date needs removing

Notes:

Above stated monthly payments are all managed by myself. 5 out of 6 defaults are about to drop off by end of next month. I am looking to start up another business with help from close family and looking to pay as little as possible to these CC companies. Priority to keep my credit file as clean as possible in future. Possibly looking to apply for business loan after 5 defaults have dropped off.

Questions:

What is my best step forward with each of the above debts?

Would requesting CCA from these companies motivate them to come after me more aggressively and possibly resulting CCJ?

All my debts are pre April 2007 (“prescribed terms”), how would this effect CCA request? Are they less likely to have it?

Once the defaults drop off, can I be defaulted on my credit file again if I don’t pay their demand?

Currently there is no DMP with a company, is this worth setting up after defaults have dropped off with very minimum payment to stop calls and letters and so to help my anxiety?

Link Financial debt has been fully paid off but they put a default on my file….I am not sure if this is correct or not and means I have to wait till Aug 2018 for it to drop off ….how can I deal with this and have it removed?

How is my depression & anxiety viewed by these companies? Are they likely to be more helpful?

Once again many thanks to all advisers/posters on this forum, you do a grand job in helping many people who have suffered for years and your help is appreciated.

Best regards.
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