Re: Compass debt company
Hi Debbie and Jackie and Welcome to the forum.
I was wondering Compass peeps in general - when you signed up with Compass did you actually complete any income and expenditure statements for them to assess your circumstances and work out your pro rata payments / disposable income at all ?
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Re: Compass debt company
Hi I am new to legal beagles and I am a compass victim. Thanks for all the advice and help. DebbieLeave a comment:
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Re: Compass debt company
Thank you that would be wonderful if they agree my creditors are apex.moorcroft .barclays .capital one and lowell thank you again for all the help
- - - Updated - - -Last edited by Celestine; 14th April 2016, 10:47:AM. Reason: removed email so you don't get spammed xxLeave a comment:
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Re: Compass debt company
https://www.gov.uk/wind-up-a-company...money/overviewOriginally posted by aidierobbo View Post
Any unpaid creditor owed above the threshold could do that. Presumably they owed CallCredit for services rendered. http://www.callcredit.co.uk/products-and-services
Unlikely to be written off. Most likely the liquidator etc will sell their loan books on to realise funds.Leave a comment:
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Re: Compass debt company
Originally posted by Amethyst View Post
How does a credit file company file to make a lender go bust?Leave a comment:
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Re: Compass debt company
This explains why I haven't heard anything from them but it doesn't explain where the money has gone compass were paying to them. Am I right in thinking I can write this off if open loans have gone bust?Leave a comment:
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Re: Compass debt company
This is awesome. I have the same dca's as most of the guys on here. Lowell, opos, Moorcroft, payday express, payday UK. I know they are the actual lenders nit dcaLeave a comment:
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Re: Compass debt company
Thank you, Thank you, Thank you!! I am so grateful for what u have done for us all, u are amazing! I am with Westcote, Cabot & Robinson Way.Leave a comment:
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Re: Compass debt company
Short and sweet but in the public eye once again. Thanks Celestine. I asked Comrade Corbyn to raise it in PMQs with Dodgy Dave, does anyone know if he did? I doubt i somehow, but worth a punt.Leave a comment:
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Re: Compass debt company
Just to put this on the main thread - You&Yours http://www.bbc.co.uk/programmes/b0766g4x - will be available to listen again in half hour or so.Leave a comment:
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Re: Compass debt company
Arrow Global, Lowell's, Hoist, RMA, SigmaRed. These were the DCAs that took on mine. Some of these have been satisfied, but I'll bet others have them persuing them.
Moorgate loan servicing.
Great work Celestine.Leave a comment:
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Re: Compass debt company
This is amazing news for all affected people. I lost my pot however it was around £4k.. whilst i am gutted i am also aware that some people have lost considerably more. I am so pleased that there are people out there like yourselves that are prepared to get involved and help out without any reward.
You are truly amazing people and I thank you from the bottom of my heart.Leave a comment:
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Re: Compass debt company
I am awaiting a response from Cabot. I will get one
Robinson Way added to my list. (Part of Hoist)Leave a comment:
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Re: Compass debt company
This is fantastic, Thamk you soooooooo much you are amazing!!!!!!
My Companies are Cabot and Robinson way.Leave a comment:
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Re: Compass debt company
Response from 1st Credit:
I am writing in response to your email to Eddie Nott regarding the recent failure of Compass Debt Counsellors.
Eddie has forwarded me your email as I manage our 3rd party debt management relationships.
We deeply sympathise with the situation former customers of Compass now find themselves in and will do whatever we can to assist during these difficult times.
Where we receive notification that a debt management company has ceased trading it is our internal policy to write to affected customers advising that we have placed their account on hold for a period of 60 days while they try to identify the most appropriate solution for their situation. We do not have an expectation that payments be made during the hold period and our letters signpost customers to the free debt advice organisations such as Step Change, National Debtline and MAS. Extensions to the hold period are available where required.
With regard to partial settlement offers for affected customers, please be assured that we deal with all partial settlement offer based on individual merits. The fact that these customers would have suffered a significant financial loss through no fault of their own is something that we would definitely take into consideration when reviewing any offers made.
Whilst we cannot guarantee each and every customer would be entitled to a 90% discount in partial settlement of their account, we are prepared to discuss substantial discounts with each of these customers directly or through their new authorised representative.
To put this in perspective, an initial review of the 141 affected accounts indicates that we may be able to offer an aggregated write off of 63%.
We also appreciate that not all customer will be in a position to raise a lump sum therefore we are able to offer some flexibility in terms of allowing the partial settlements to be paid via instalments over a period of time, however this would be subject to a review of the customer’s affordability.
Alternatively, where a customer is not able to make a partial settlement offer, or prefers to have their credit file updated to reflect that their account has been fully satisfied, we will always work with them to agree a repayment arrangement that is both affordable and sustainable based on their individual financial circumstances.
Should you have any questions or require clarification on any of the above please do not hesitate to get in touch with me.
Kind regards,
HarryTumber Senior Collections Manager Leave a comment:
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