Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • dantheman2018
    • By dantheman2018 10th Nov 18, 2:43 PM
    • 2Posts
    • 0Thanks
    dantheman2018
    Westcot
    • #1
    • 10th Nov 18, 2:43 PM
    Westcot 10th Nov 18 at 2:43 PM
    Im a newbie here and just after some advise, first off what a night mare this site is to start up! Its not user friendly at all!
    I had a brilliant credit score until last year when something happened to my partner, i was unable to pay some of my bills. i choose which ones i thought would be easy to deal with not repaying. I decided to hold off on a bank loan and a loan with zopa. After lengthy phones calls zopa was brilliant and have put me on a lower payment plan with renews every six months and my bank sold my loan which is 6k to a company called westcot ive not made contact with these yet its been almost a year. I get the phone calls and the letters but i just ignore them. I have every intention to repay my dept i alway do i still have a car on finance and many other things im repaying, im going to try and hold off with westcot until my car is clear. Any way my advice im after is what can westcot actually do. it wasn't a secured loan and ive checked my credit report last night.i have the defaults with the two above on file now and its ruined my credit history. I do not have a ccj against me or that i know about will wescot issue one ? And if my credit file is now ruined i see now point in rushing to pay them.
Page 1
    • zx81
    • By zx81 10th Nov 18, 3:22 PM
    • 20,155 Posts
    • 21,493 Thanks
    zx81
    • #2
    • 10th Nov 18, 3:22 PM
    • #2
    • 10th Nov 18, 3:22 PM
    The point in rushing to pay them is that you can start to rebuild your credit history.

    I'd advise you to contact them and make a repayment plan. It will be better than rushing to head off the CCJ when it arrives. If they get one, you'll need to pay in full to avoid it going onto your file.

    A judge is unlikely to award a CCJ if the debtor is showing signs of co-operation.
    • sourcrates
    • By sourcrates 10th Nov 18, 4:33 PM
    • 16,198 Posts
    • 15,315 Thanks
    sourcrates
    • #3
    • 10th Nov 18, 4:33 PM
    • #3
    • 10th Nov 18, 4:33 PM
    Wescot credit services limited no longer buy debts, they just mange them for there client banks.


    Your loan will still be with the original bank, although wescot have been tasked to collect it on there behalf.


    Wescot cannot do anything without the clients say so.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly". I have extensive experience of debt, and itís solutions, as well as the collection industry in general.

    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    • dantheman2018
    • By dantheman2018 10th Nov 18, 5:49 PM
    • 2 Posts
    • 0 Thanks
    dantheman2018
    • #4
    • 10th Nov 18, 5:49 PM
    • #4
    • 10th Nov 18, 5:49 PM
    Cool i did a google search about westcot thats all. Il give them a call thanks
    • DCFC79
    • By DCFC79 10th Nov 18, 8:02 PM
    • 33,374 Posts
    • 21,006 Thanks
    DCFC79
    • #5
    • 10th Nov 18, 8:02 PM
    • #5
    • 10th Nov 18, 8:02 PM
    Im a newbie here and just after some advise, first off what a night mare this site is to start up! Its not user friendly at all!
    Originally posted by dantheman2018



    In what way did you not find it being user friendly ?
    • andy 27
    • By andy 27 13th Jan 19, 1:42 PM
    • 6 Posts
    • 0 Thanks
    andy 27
    • #6
    • 13th Jan 19, 1:42 PM
    Westcot
    • #6
    • 13th Jan 19, 1:42 PM
    HI ALL
    Sorry to jump on your thread but i;d like some help with westcot too.
    Been paying them £25 a month for years as agreed {over 7 yrs } but recently their sending me passive aggressive letters asking for details of my income and what I pay out every month .
    They know I can;t afford to pay more than this so my question is, shall I ignore the letters or should I fill the form out and send it back. I;ve never missed a payment at all in this time, I;m at a loss as to why they want this information
    • dealer wins
    • By dealer wins 13th Jan 19, 2:16 PM
    • 6,202 Posts
    • 12,228 Thanks
    dealer wins
    • #7
    • 13th Jan 19, 2:16 PM
    • #7
    • 13th Jan 19, 2:16 PM
    They want an up to date assessment of your incoming and outgoings to see if the reduced payments are still affordable, and whether to lower or raise them.
    Choose life
    • andy 27
    • By andy 27 13th Jan 19, 2:27 PM
    • 6 Posts
    • 0 Thanks
    andy 27
    • #8
    • 13th Jan 19, 2:27 PM
    • #8
    • 13th Jan 19, 2:27 PM
    Thanks for your response
    So is your advice to send the form back with the details they are asking for then? and if I were to ignore it what would they then do, seeing as I'm paying regularly anyway.
    • zx81
    • By zx81 13th Jan 19, 3:06 PM
    • 20,155 Posts
    • 21,493 Thanks
    zx81
    • #9
    • 13th Jan 19, 3:06 PM
    • #9
    • 13th Jan 19, 3:06 PM
    They'll keep asking you for the information.

    Rather than being passive aggressive, just be assertive and send it back.
    • andy 27
    • By andy 27 13th Jan 19, 3:18 PM
    • 6 Posts
    • 0 Thanks
    andy 27
    They may well be disappointed when I do that, could well end up with them getting less money than they get know, my girlfriend helps me out by paying £10 of this every month
    • zx81
    • By zx81 13th Jan 19, 3:26 PM
    • 20,155 Posts
    • 21,493 Thanks
    zx81
    There you go then. Take the initiative!
    • Ginalina
    • By Ginalina 13th Jan 19, 4:33 PM
    • 9 Posts
    • 10 Thanks
    Ginalina
    Hello! I am very interested in the issue of borrowing money. Now I need it to buy household appliances. Where can I apply?
    • Ginalina
    • By Ginalina 13th Jan 19, 4:36 PM
    • 9 Posts
    • 10 Thanks
    Ginalina
    Do you think it's a good company?
    • DCFC79
    • By DCFC79 13th Jan 19, 4:54 PM
    • 33,374 Posts
    • 21,006 Thanks
    DCFC79
    Hello! I am very interested in the issue of borrowing money. Now I need it to buy household appliances. Where can I apply?
    Originally posted by Ginalina

    Try your own bank.


    Do you think it's a good company?
    Originally posted by Ginalina

    Whats a good company ??


    Maybe you should start your own thread.
    • dealer wins
    • By dealer wins 13th Jan 19, 4:55 PM
    • 6,202 Posts
    • 12,228 Thanks
    dealer wins
    Shes building up to spamming her dodgy loan site or similar lol
    Choose life
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

635Posts Today

6,198Users online

Martin's Twitter
  • Today's twitter poll: Should motorists be taxed more or less? It has been reported 10 councils are considering work? https://t.co/anFmUlSTYz

  • Yes MONSOON IS WRONG. Even with sales items you've 14 days to notify of returns & 14 days after that to return 'em? https://t.co/ZCBrcy3pe7

  • RT @paullewismoney: People who were students 1990-97 are being offered the chance to pay off half their unpaid student loan and the other h?

  • Follow Martin