Good Afternoon

[The Debt Star]

Re: Good Afternoon

Folk don't appreciate the gravity of defaults until its too late. I know I didn't.

However, the biggest mistake I made was trying to avoid defaults where possible when my financial situation broke down about 5 years ago. I entered into Arrangements to Pay with some creditors instead, under the auspices of the CCCS.

What then went on my credit files were AP flags. These stay on a credit file for 6 years after the date the AP ends, so they can stay on for a long, long time and are just as damaging as defaults (which slip off after 6 years).

Lessons learned in the School of Real Life I'm afraid.

[Jjohnboy2000]

Re: Good Afternoon

Well the original debt that they claimed went back to 1999. I was divorced and remorgated my home in 2005. There were no flags or defaults and none in 2009.

I don't know if you read the letter that I posted up from the DCA, but there are so many holes in it that it should be called a teabag!

[The Debt Star]

Re: Good Afternoon

indeed, there are many meanings for the epiphet 'teabag' and I'm sure all of them apply to DCAs

[The Debt Star]

Re: Good Afternoon

[ATTACH]5082[/ATTACH]

Caspar's above link is very good - I may give this a go on one settled account I have that was plastered with late payments.

[Jjohnboy2000]

Re: Good Afternoon

Update.

Cabot has now been removed from credit history as it is now statuet barred. However in the post today was a "Limited Offer" from Cabot offering a 30% discount on a disputed debt and now barred. The letter is dated the 20 June which is after the date of the barring, do I ignore or politely tell them to foxtrot oscar?

[CleverClogs]

Re: Good Afternoon

Just file the letter away with the other paperwork and await their next letter.

They might sell the alleged debt to MacKenzie Hall.
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indeed, there are many meanings for the epiphet 'teabag' and I'm sure all of them apply to DCAs

I am sure that no DCA ever offered me that service!

[The Debt Star]

Re: Good Afternoon

I am sure that no DCA ever offered me that service!

and hopefully you'd decline it CC

[CleverClogs]

Re: Good Afternoon

Quite.

I'd not know where they'd been.

[Jjohnboy2000]

Re: Good Afternoon

Can they sell a statute barred debt?

[Celestine]

Re: Good Afternoon

Mackenzie Hall will buy anything, probably for only a few quid and try to intimidate the weak and vulnerable members of society into paying.

[CleverClogs]

Re: Good Afternoon

Can they sell a statute barred debt?

Yes, of course they can.

Just because most people crap into a khazi which they then flush and dispose of their rubbish via the local council, that doesn't mean that some people would try to sell it.

[Jjohnboy2000]

Re: Good Afternoon

But if they buy a debt that has been struck off and disputed would Cabot not been in breach of the Data protection act?

[CleverClogs]

Re: Good Afternoon

But if they buy a debt that has been struck off and disputed would Cabot not been in breach of the Data protection act?

No.