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Compass debt company

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  • Re: Compass debt company

    Originally posted by Wingco View Post
    There are variations of contract but no-one I believe has anything about a savings pot - this came from the sales people and in phone calls with the direcors. The clients are seeing on their statements a 'balance' figure at the bottom of their statements - this equates to the amount that is assumed to be in their pot but it doesn't say that. There were people at the meeting who swore blind it was in their contract but when they looked it wasn't there. x
    I lost my piece of paper, but the hard sell was that it was a secured pot for full and final payments.

    When they rang me, and me them, the money was definatly for paying off.

    "we pay them a pittance for ages, then say, 'do you want to be paid at this rate ad nausem or will you accept a closing payment of £much less than balance"

    in hindsight well dodgy, when you were in a financial and mental blackhole a godsend.

    Comment


    • Re: Compass debt company

      There is a much better chance of F&FS if you have sent out CCA letters, and not received replies - I have had no correct replies and only one has replied at all (Robinson Way), so that tells me none of mine are enforceable. But I will continue to pay token amounts until I have sufficient to offer a few F&FS amounts at around 30-40% of the original debt. But we need to share data with others in a confidential way - so if Cabot, Robinson Way, NCO Europe, Link etc. settle for 25% we can let others know.
      Wingco

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      • Re: Compass debt company

        I am willing to trust the current IP at the moment. If it all goes tits up, we can use other routes after....

        Comment


        • Re: Compass debt company

          I hope these help

          Attached Files
          Last edited by Amethyst; 1st April 2016, 12:50:PM.

          Comment


          • Re: Compass debt company

            You Sir are a star. Thank you.

            The contract is the same as the copy I have - of course nothing in there about the savings parts, so that script is really REALLY helpful.

            Do you have the next page ?
            #staysafestayhome

            Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

            Received a Court Claim? Read >>>>> First Steps

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            • Re: Compass debt company

              Originally posted by Compass View Post
              I hope these help
              That's helpful, thanks.

              I can't access the 3rd page, can anyone else?

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              • Re: Compass debt company

                OK here EXC, but vBulletin can glitch if too many are trying to view.

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                • Re: Compass debt company

                  he he page 3 f&f savings pot

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                  • Re: Compass debt company

                    Originally posted by enaid View Post
                    he he page 3 f&f savings pot
                    Nothing about any ring-fenced or trust account though.

                    Comment


                    • Re: Compass debt company

                      It's all very cleverly worded: "We aim to get you debt free". "We can't say how long it will take but...."

                      The protection insurance doesn't exist now - I asked that question at the liquidator's meeting and it was one where Rob Solloway actually looked up and replied "No". If the policy never existed, that too could be fraud. But one of the other Compass clients has said on here that her policy with L&G had been cancelled without her knowledge. It is something we can investigate because my understanding of insurance is that you can claim in retrospect on a cancelled policy if it was in effect when the Compass failure happened or started. Can anyone advise?

                      Comment


                      • Re: Compass debt company

                        Did anyone have any policy documents from L&G ( or compass ) ? That would be the best starting point to investigate that side of things. ( for fraud purposes as it is of course unlikely to get anything back - HOWEVER as it would have been missold there MIGHT be an avenue via L&G )
                        #staysafestayhome

                        Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

                        Received a Court Claim? Read >>>>> First Steps

                        Comment


                        • Re: Compass debt company

                          Originally posted by Nibbler View Post
                          Nothing about and ring-fenced or trust account though.

                          Well how do they explain where that money was placed? How many creditors did they offer 2k to or a fiver a month? PPI included in your monthly payment, what a joke.

                          Comment


                          • Re: Compass debt company

                            Hi Nibbler
                            It's astonishing how nearly everyone thought they had a pot and yet there is no mention of it in their paperwork. But certainly the salesman who came to our house clearly explained the process and how the pot builds alongside the Compass fee of 10%. He wrote it all down on a sheet of blank paper (clever), but I can't find it despite having the original Compass file folder.
                            Wingco

                            Comment


                            • Re: Compass debt company

                              It is implicit in the assertion that it will be 'saved', though with no legal definition or contractual guarantee of how or if that will be.

                              Comment


                              • Re: Compass debt company

                                Default's don't stop you getting a mortgage ? lol, new one on me.

                                Attached Files
                                #staysafestayhome

                                Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

                                Received a Court Claim? Read >>>>> First Steps

                                Comment

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