Negotiating payment with PRA

[Kati]

Re: PRA full and final settlement advice

This is my own thread. Just another account I have

do you want a 2nd thread for your 2nd account??

[Busymum]

Re: PRA full and final settlement advice

Not really - two to keep track of then!

[Busymum]

Re: PRA full and final settlement advice

Actually can you put it on a new thread as obviously had your page open on two browsers on my page and do seem to have posted on someone else's thread- very sorry! Was doing too many things at once! Please move to s new thread!

[charitynjw]

Re: PRA full and final settlement advice

Actually can you put it on a new thread as don't seem to have had any response

Hi Busymum

I'll give [MENTION=49370]Kati[/MENTION] another nudge.
It would appear that the outstanding debt is nowhere near being statute-barred, though perhaps you could confirm this.
Was your offer of £1500 made 'without prejudice'? Or via a third party?
Who was the original creditor? (If applicable; Idem are a debt purchase company as well as a servicing co.)

[Busymum]

Re: Negotiating payment with PRA

Hello again,

I also have an account with Idem and have asked for the credit agreement which they have acknowledged they can't provide. They have in the same letter said the balance is still outstanding though and they will continue to pursue the debt including registering any defaults and arrears with credit agencies. It has already expired from my credit history as it has been longer than 6 years so my understanding is they can't add it again now. They have said they will contact me to discuss repayment proposals. They have sent me a statement of my payments to date which show it has decreased from £12,700 to £7,600 now so I have paid a lot back. I recently offered them a settlement figure of £1500 which they declined- before I had asked for the agreement. They said they want 80% of what is left owing. That was before this new letter. Please could you advise me what to do next.
Thank you

[charitynjw]

Re: Negotiating payment with PRA

Hi Busymum

I've posted on your PRA f&F thread.

[Busymum]

Re: PRA full and final settlement advice

Hi,
Sorry for being silly but what do you mean by statute barred? I genuinely can't remember who the original debt was with. Yes it was without prejudice.

[charitynjw]

Re: PRA full and final settlement advice

It means that if an alleged debt has not been acknowledged for a certain period of time, then there is a bar to enforcement.
In the case of simple debt, this period would be 6 years from when the creditor could or should have been aware that a 'cause of action' existed. (s5 Limitation Act 1980).

[warwick65]

Re: Negotiating payment with PRA

I will post here but maybe [MENTION=49370]Kati[/MENTION] will want to move it when she sets up another thread.

Even though they can not produce the CCA and the account is unenforeceable , it is still owed however I think it is a bit naughty for them to say they will keep chasing you.

They will have refused a F&F because they could see a regular income coming in.

As I said previously, when I sent CCA requests and stopped payments I had a few months of lots of letters which I stored a filed away.

The fact they now know it is unenforecable would strengthen your hand if you did want to make offers however if it was me i would not be offering a penny unless they can produce a compliant CCA.

It might be an idea though to use what you have been paying to start a savings pot so that if they do produce the paperwork you have money to start paying again or maybe even pay a higher full and final.

[Busymum]

Re: Negotiating payment with PRA

I haven't stopped paying them at the moment as was too worried to. Should I stop paying?

[warwick65]

Re: Negotiating payment with PRA

That is your decision. If they can not productive a cca they can not get a judgement against you however who knows if they will in the future. Was this account always owned by Pra

[Diana M]

Re: Negotiating payment with PRA

I haven't stopped paying them at the moment as was too worried to. Should I stop paying?

Are you still paying your creditors through your DMP with Moneysolve?

I have a number of debts with companies such as PRA and Idem and they are a mix of credit card and overdraft. I don't have the original documentation and have been paying these for over 6 years through a debt management company called moneysolve. We have still been paying these each month.

Also having a separate thread for each debt will make it easier for volunteers to help you. Different debt purchasers act in different ways. What works with one may not work with the other.

Any which are still with the original creditors will need a different approach too.

The common denominator may be you, but everything else can go off in all sorts of different directions.

Di

[MIKE770]

Re: Negotiating payment with PRA

Busymum how many threads on the same subject,? not necessary

[Kati]

Re: Negotiating payment with PRA

Busymum how many threads on the same subject,? not necessary

I think they've all been merged now xx

[Busymum]

Re: Negotiating payment with PRA

Sorry, got all in a muddle! 😳

- - - Updated - - -

Still paying through debt management at he moment. The debt was bought by Idem- was Lloyds bank originally.