1st Credit debt repayment plan questions

[Bazza]

My OH has a repayment plan with this lot and continues to get reduced offer request letters on a monthly basis.

Anway a recent payment was missed due to a banking error and she received an e-mail (they do not have our phone details as refused this in writing) from 1st credit advising and that she was to contact them to reset payment plan.

She made an on-line payment and sent an e-mail advising this and that all will be in order going forward.

Today she has received another e-mail confirming that arrangement as been reset and she will receive a letter to confirm this. They are now also requesting a financial statement, proof of income, payslips to support the repayment offer.

Now my questions are, is she obliged to do this or is there a template letter to respond to their request ?

Should she also be requesting, CCA details, a notice of assignment details and copy of statements to check that payments are being deducted from the outstanding balance ? If so in which order ?

Thank you

[nemesis45]

Re: 1st Credit debt repayment plan questions

Yes decline to send I & E, yes to CCA request., with demand for statement in the same envelope.

nem

[Bazza]

Re: 1st Credit debt repayment plan questions

Yes decline to send I & E, yes to CCA request., with demand for statement in the same envelope.

nem

Thanks nem, I will get her to do that and I will post up an edited response if received.

Bazza

[nemesis45]

Re: 1st Credit debt repayment plan questions

Thanks nem, I will get her to do that and I will post up an edited response if received.

Bazza

OK Bazza,
The more people who challenge long term payment plans with DCA's the better, the "cash cow" scenario is all too common.

nem

[Bazza]

Re: 1st Credit debt repayment plan questions

Totally agree Nem, hence why I want to start making enquiries on her behalf.

Do I also request notice of assignment details at this stage or await reply to CCA request first ?

[nemesis45]

Re: 1st Credit debt repayment plan questions

Get the CCA first I think,

nem

[joedempsey]

Re: 1st Credit debt repayment plan questions

Get the CCA first I think,

nem

just a note i'm on the same situation with the wife with 1st crud shes been paying them for years still waiting for the CCA to come back just a week since i sent it.. then its plan 2 if nothing comes back.
i was a little cavalier a few years ago with 1st credit with a smaller debt she had asked for the cca they couldn't supply one and then asked for NOA yet again nothing.
Then i completely turned the tide i demanded all the money back she had payed and threatened them with everything never heard anything from that one again.

1st crud like to bully people but you need to stand your ground luckily for me my wife isn't on my mortgage because 1st crud issue stat demands like sweets.

[Bazza]

Re: 1st Credit debt repayment plan questions

Get the CCA first I think,

nem

Cheers Nem much appreciated.

[nemesis45]

Re: 1st Credit debt repayment plan questions

Happy to help!!

nem

[Bazza]

Re: 1st Credit debt repayment plan questions

just a note i'm on the same situation with the wife with 1st crud shes been paying them for years still waiting for the CCA to come back just a week since i sent it.. then its plan 2 if nothing comes back.
i was a little cavalier a few years ago with 1st credit with a smaller debt she had asked for the cca they couldn't supply one and then asked for NOA yet again nothing.
Then i completely turned the tide i demanded all the money back she had payed and threatened them with everything never heard anything from that one again.

1st crud like to bully people but you need to stand your ground luckily for me my wife isn't on my mortgage because 1st crud issue stat demands like sweets.

Thank-you for your comments joedempsey.

The thing is we have a joint mortgage and I have heard about their stat demands in which concerns me if she stops paying arrangement plan due to any possibility of non production of Credit Agreement.

It will be interesting to see what they come up with as she had previously requested an SAR from the bank concerned on another issue (mortgage) and they submitted everything including credit card details.

I have just gone through everything today and discovered that they could not provide a copy of the original signed agreement but stated that she would have had to sign something in order to obtain card and the contract still has legal effect and is not void. They do also add that the lender is merely prevented from seeking an enforcement order from court. Is this correct or will the DCA threaten my OH with court proceedings and a purchase order on our property if she stops paying ?

[nemesis45]

Re: 1st Credit debt repayment plan questions

Bazza , don't be too bothered about stat demands, had 1st Crud had thought to do this it would have been done earlier.

nem

[Bazza]

Re: 1st Credit debt repayment plan questions

Bazza , don't be too bothered about stat demands, had 1st Crud had thought to do this it would have been done earlier.

nem

OK cheers nem

my OH got another 'Exclusive Discount Offer' from them today, becoming a regular thing now.

[nemesis45]

Re: 1st Credit debt repayment plan questions

OK cheers nem

my OH got another 'Exclusive Discount Offer' from them today, becoming a regular thing now.

Perhaps they'll offer a 99.5% off deal next time

nem

[Bazza]

Re: 1st Credit debt repayment plan questions

Lol nem I doubt it but she was offered 50% discount a couple of months ago. Today 20% or 15% over 24 months

Bazza

[nemesis45]

Re: 1st Credit debt repayment plan questions

They are all computer generated " offers" that'll go round and round Baz!

nem