Compass debt company

[aidierobbo]

Re: Compass debt company

Please Please guys do not touch Abbey with a barge pole, I fell into that trap and they took out £150 for my first instalment. I emailed them to cancel and surprisly I got my £150 back in my account same day.

Like everybody has sed. Go to stepchange or payplan. Speak to the national debt line also, I am going alone with the help of debt line, all letters are on there and you can do it yourself (if you are confident doing it) and your only doing the same as stepchange really.

[aidierobbo]

Re: Compass debt company

Hi Wingo,

Another ex compass client here. I have been reading all your posts on here. I can't PM you for some reason

[Goldragon]

Re: Compass debt company

Abbey took the first payment the day before I found out. Total debt left is £26,956. One with Lloyds, two with Cabot moved from Lloyds one Halifax and one with Idem Capital this time moved from Halifax. Was with Compass for just over 5 years pot was £3,100. Contacted Step about 4 months ago as wasn't happy but didn't have the details and amounts so they couldn't help. Did request this from Compass but they never gave me them. Feel like such an idiot was was going to go bankrupt before they contacted me and talked me out of it by telling me a load of lies about how it would always be hanging over my head in the future.

[Deejay50]

Re: Compass debt company

I still have the emails from compass where I said at the beginning of the yr...how I was looking forward to being debt free in a yr and they were so convincing in their replies..... Now its gonna be another 4 yes at least. Will I ever be able to have a mortgage again?

[Deejay50]

Re: Compass debt company

Our situation is the same goldragon.....and I am setting up a plan with StepChange and have sent a registered letter today to Abbey to cancel - who knows if I will get my 2 instalments back but have to try. Next thing is to send claim off to creditors...there is a link on this forum....
I feel so guilty and so stupid and my other half, says hge does not blame me, but his actions seem to be proving otherwise

[EXC]

Re: Compass debt company

Today I stopped my standing order with bank for compass even though I've had nothing in writing from them. They (compass) took my monthly instalment but distributed none of it to my creditors and my monthly payment in March was returned (this was when I started to figure out something was wrong-although everything I've found out so far had been internet based). Who has breached the contract on this Compass or me?

Ok stopping your standing order to Compass was the right thing to do. Any payments you made to Compass for the purposes of distributing to your creditors and weren't, Compass are in breach. I would say that from the point that you knew Compass were no longer paying your creditors, you assume liability for paying them.

[Gilltheblackcat]

Re: Compass debt company

Although there's a considerable amount of discussion about Compass going under and the huge fallout it's causing. Are they in breach of contract for not forwarding (in anyway whatsoever) after my last payment in February to them and not taking anything during March? The reason I ask is that I've stopped my standing order from bank-does this make me in breach of contract or does Compasses going down etc make it breach contact first?

I have wondered if this is why I was told to stop paying in Nov/Dec, only after I thought it odd not to get it in writing, and I do wonder if it could be argued I stopped paying and so relinquished any monies owed.


I suppose there is an irony that we were relying on these guys to negotiate a much reduced payout and then cornered us into the same.

These guys are bigger thieves than my car insurers!

[EXC]

Re: Compass debt company

Try to get my head round all this as only found out on Saturday when the letter from the FCA turned up. Unfortunately was fooled in to signing with Abbey and trying to work out where I go from here. Got a feeling it's going to cost me my relationship.

Hiya, sorry to hear this.

The first thing you should do is complete and send off the administrators claim form http://lbcompare.co.uk/wp-content/up..._Creditors.pdf

Can you tell us a bit about you current debts ie who & how much you owe? We don't think that paying Abbey anything is a good idea.

[Hakster]

Re: Compass debt company

Today I stopped my standing order with bank for compass even though I've had nothing in writing from them. They (compass) took my monthly instalment but distributed none of it to my creditors and my monthly payment in March was returned (this was when I started to figure out something was wrong-although everything I've found out so far had been internet based). Who has breached the contract on this Compass or me?

[Goldragon]

Re: Compass debt company

Try to get my head round all this as only found out on Saturday when the letter from the FCA turned up. Unfortunately was fooled in to signing with Abbey and trying to work out where I go from here. Got a feeling it's going to cost me my relationship.

[EXC]

Re: Compass debt company

Are they in breach of contract for not forwarding (in anyway whatsoever) after my last payment in February to them and not taking anything during March?

I'm not quite sure what you're saying. Can you explain?

[Hakster]

Re: Compass debt company

Although there's a considerable amount of discussion about Compass going under and the huge fallout it's causing. Are they in breach of contract for not forwarding (in anyway whatsoever) after my last payment in February to them and not taking anything during March? The reason I ask is that I've stopped my standing order from bank-does this make me in breach of contract or does Compasses going down etc make it breach contact first?

[Wingco]

Re: Compass debt company

Sounds like you have things under control. How much is the total outstanding debt with Link as per their demand - and does that match up with the last statement you were sent by Compass ?

Hi Amethyst
The one received today is for £1,161 but compass didn't send balance statements. They were paying just £2 per month. The Link accusation of a 'missed payment' 24 days perhaps?, followed by a payment of £10.34 (34p to round it down to a round number of pounds), and then a further payment of £10 by SO on 01.04.16, is really a bit rich. Am I right in saying they can't demand full settlement whilst they have failed to respond correctly to my CCA? It looks very much like they can't prove the loan - it goes back, I believe to a very old Abbey National CC, from around 1975.
The other Link alleged debt is around £15,000 from a MBNA CC.
Wingco

[Amethyst]

Re: Compass debt company

Sounds like you have things under control. How much is the total outstanding debt with Link as per their demand - and does that match up with the last statement you were sent by Compass ?

[Wingco]

Re: Compass debt company

I have now received a demand by Link for an MBNA account (I allegedly had 2) demanding FULL settlement as there was a missed payment around 13th Feb by Compass. As soon as I learned about Compass, I paid £10.34 (previously they were getting £2 from Compass), and they were paid another £10 on 01.04.16 by SO. I'm sending them the 2nd CCA letter (for when a company fails to respond in time or fails to provide the requested information). No doubt a second full settlement demand letter will arrive tomorrow for the other account with Link.
I've told Link that they cannot demand full settlement whilst the CCA remains unanswered correctly.
Their letter made no reference to the CCA. I have also requested the Assignment and Default Notices.
I strongly suspect that Link have none of the required paperwork and I wonder if MBNA has kept records, having sold it on at least once.
I have left copies of the Templates with my office staff (wife) to reply to any further DCA letters whilst I'm away for 2 weeks.
Wingco