DCA's offering discounts

[Boltmaker]

Hello, I have several cc accounts in dispute because the oc will not or in some cases cannot supply a true copy of any cc agreement. All accounts are pre 2006 most pre 2000. Some oc's admit they cannot supply agreements as requested under CCA 1974. All these accounts now with dca's or sold to other outfits. The news this week from three of these outfits is that they are offering discounts between 25% and 50% if I pay up. Seems to me that there is faults with these accounts and the dca's ect are on a sticky wicket.

[wales01man]

Re: DCA's offering discounts

Why do shops offer discounts? cos they need money the DCAs are the same if they cant prove you owe gie em nothing

[FlamingParrot]

Re: DCA's offering discounts

Hello, I have several cc accounts in dispute because the oc will not or in some cases cannot supply a true copy of any cc agreement. All accounts are pre 2006 most pre 2000. Some oc's admit they cannot supply agreements as requested under CCA 1974. All these accounts now with dca's or sold to other outfits. The news this week from three of these outfits is that they are offering discounts between 25% and 50% if I pay up. Seems to me that there is faults with these accounts and the dca's ect are on a sticky wicket.

If you haven't been paying them, they could well be attempts to get you to acknowledge the debt and reset the clock! :clock:

[ODC]

Re: DCA's offering discounts

If they cannot prove you owe them anything they they are just clutching at straws and hope they can CONvince you they are trying to help you. Just remember 50% of nothing is still nothing

[jon1965]

Re: DCA's offering discounts

You say that these accounts are in dispute because of failure to satisfy CCA requests, some have even admitted as much. If the debts have been sold on, the new owner probably has no knowledge of these requests or their failure.
I think it would be prudent to let each new creditor know why the debt in in dispute , even send a copy of the letter where the OC says that they do not have the agreement. Of course head each letter with a disclaimer " I do not acknowledge" or something like that.


I do know certain people that suggest that if a DCA offers a discount it must be a bad debt...however I totally disagree with that. If I bought a £100 debt for £10 and then offered you a 25% discount so you paid me £75 happy days...an easy £65 for me on one letter

[wales01man]

Re: DCA's offering discounts

Happy days if its a guaranteed final settlement have to wonder if the discount is 50% of say 10k if the rest of the debt would still be chased by another DCA

[charitynjw]

Re: DCA's offering discounts

The smart money says always offer the F&F via a third party.

That way, the contract for the F&F is made between the creditor & the third party, leaving you in the clear.

Of course, the creditor has to accept it, or reject the offer & return the payment.

It cannot be used as a part-payment.

If the creditor banks the payment, that would probably be deemed acceptance.

[FlamingParrot]

Re: DCA's offering discounts

The smart money says always offer the F&F via a third party.

That way, the contract for the F&F is made between the creditor & the third party, leaving you in the clear.

Of course, the creditor has to accept it, or reject the offer & return the payment.

It cannot be used as a part-payment.

If the creditor banks the payment, that would probably be deemed acceptance.

Absolutely, however, it sounds like these accounts are old and unenforceable so probably best to avoid resetting the clock by entering into correspondence regarding F&Fs, unless the OP has been making payments. :noidea:

Hello, I have several cc accounts in dispute because the oc will not or in some cases cannot supply a true copy of any cc agreement. All accounts are pre 2006 most pre 2000. Some oc's admit they cannot supply agreements as requested under CCA 1974. All these accounts now with dca's or sold to other outfits. The news this week from three of these outfits is that they are offering discounts between 25% and 50% if I pay up. Seems to me that there is faults with these accounts and the dca's ect are on a sticky wicket.