Urgent advice needed

[73061]

Re: Urgent advice needed

Many thanks Mike very much appreciated i do not know how to proceed.

[MIKE770]

Re: Urgent advice needed

await response as I have requested peeps to look in for you and advise you

CCA Request Letter

[Amethyst]

Re: Urgent advice needed

If you want to start trying to sort this out yourself without a IVA or Bankruptcy your first step is to get CCA requests sent off as Debt Camel said. She linked the Nat Debtline letter or there's this one CCA Request Letter

If they can't comply then they may well be open to a far more generous discount to get rid of it once and for all, possibly nearer the 10% so you can offer pro-rata across the board.

So send the CCA letters first, give it a couple weeks then you can start making your 10% offers where necessary.

Are you planning on stopping the Payplan DMP ?

It sounds like you want to get things sorted - you've been in the DMP for a long time and possibly not to much benefit for yourself - you're not too worried about consequences and have no assets to make bankruptcy worth anyones while ?? sending the CCA letters might bump some into action, possibly making court claims. Are you worried about damage to your credit file ? ( only if a company took you to court and obtained a CCJ would it affect your credit file )

[73061]

Re: Urgent advice needed

I could not cope with court proceedings as i have been in poor health and only just starting to feel a little better.

[73061]

Re: Urgent advice needed

I have been making my monthly payments to Payplan. If i stop i do not want all these debt collectors bombarding me with threatening letters.

[MIKE770]

Re: Urgent advice needed

follow advice as per above send the CCA1974 request with £1.00 postal order, send recorded delivery to each company who owns the alledged debt,
keep copy of request on a separate file for each request and attach copy of recorded delivery signed for and receipt by post office on sending off, a lot of these so called debts are unenforceable I bet, for your information once they received the request they cannot enforce even if they wanted to unless they supply the said CCA1974

[73061]

Re: Urgent advice needed

Just a quick question 3 of the debts are with Cabot,
Do i send a CCA1974 for each debt or does one request cover all 3 accounts?

Thanks.

[MIKE770]

Re: Urgent advice needed

I have been making my monthly payments to Payplan. If i stop i do not want all these debt collectors bombarding me with threatening letters.

debt collectors are just that they hope you pay up, unless they own any alledged debt they cannot enforce in courts, at this stage stop worrying as if that ever happened then we would tackle say other means without any court appearance no doubt but all is up to you, to follow the strategy from the people on here,,,, be honest you have been taken advantage of by a lot of these cretins who are snaked in clothing you have been told that the bought debts then 10P in the pound is all they paid and from their yachts etc they clasp their hands saying another mug! you get the idea how debts work?

[MIKE770]

Re: Urgent advice needed

each separate debt as different account numbers?

[73061]

Re: Urgent advice needed

Yes different account numbers.

[Amethyst]

Re: Urgent advice needed

You're currently paying about £120 a month out to your payplan DMP ?

[MIKE770]

Re: Urgent advice needed

then different accounts need a separate request

[73061]

Re: Urgent advice needed

Yes i pay £120.01 per month. I have been with Payplan for 12 years and i have never ever missed a payment.

- - - Updated - - -

Many thanks Mike your help is very much appreciated.

[Amethyst]

Re: Urgent advice needed

Okay, just you sound quite conflicted, on one hand you feel like you want to sort the debts out and get them cleared - possibly due to your recent hospital stay and thinking about your mortality..... but on the other you don't want any hassle, don't feel up to dealing with letters/court claims etc, don't want bankruptcy / IVA etc .... so is not having the hassle worth £120 a month to you? as that is basically what it comes down to.

You'll be able to make full and final offers periodically as you have the finances to do so, after 12 years of small payments you might be able to get away with 10-20% of the debt, each one you clear means the others get paid off quicker but Payplan wouldn't agree to doing anything other than a prorata offer to all the creditors so far as I am aware ( [MENTION=48934]Debt Camel[/MENTION]; ) and if amounts change to pay any of the others, they re likely to sniff settlement on the cards and start up pressure again.... so risking the DMP. To get the debts sorted out once and for all you are going to have to go through some hassle, possibly court action ( doesn't mean attending just dealing with paperwork really )... but you could probably get everything resolved and sorted one way or the other within a year. If a creditor did go to court then the court would only order affordable payments, based on your income and expenditure and taking into account other debts, but it would bugger up the credit file.

SO basically it's stay as you are, till you're 103 .... or take some action and sort things out dealing with the hassle as you go.

[73061]

Re: Urgent advice needed

All my debts are from 2005 if they cannot supply CCA1974 where do i stand with these debts ?