New member. Help needed

New member. Help needed · by MarkyMark Mon Jan 01, 2018 8:26 pm

Hi,

I am new here and glad to find finally. Also new member on old site and wasn't very familiar with most of the things.

I have quite a few debts, around £25k, £17k from this only to HSBC. Moorcroft and Wescot have tried to contact me but I ignored them and the debts went back to HSBC and no any letter from them since October. How should I act in this situation?

Barclaycard sold my debt to Link Financial, I ignored one year their letters until one month ago when I sent them an email saying I am disputing the account with Barclaycard and hold off any enforcement. The same with Avant Credit who sold my debt to Asset Collection and Investigation. Mailed them I am disputing the account and waiting for Financial Ombudsman to solve the case. Can anyone advice me what to do with these 2 DCA?

Should I start the 3 letters process? How is the procedure?

Maybe my questions are silly, but I am not familiar with the terms and don't know where to start.

Thanks
Mark

Re: New member. Help needed · by **daveiron** Tue Jan 02, 2018 8:52 am

Welcome Markymark,

Separate all your accounts & file them in date order .you will need start date of account,date of last payment ,date of default notice etc.
Then start the new letter process

https://goodf.forumotion.com/f37-new-letters-process

Re: New member. Help needed · by MarkyMark Tue Jan 02, 2018 10:45 am

Thank you for reply Daveiron.

Where should I find all details especially for the accounts that were sold to Debt collectors? In my bank statement?

Regarding HSBC account, the debt is from personal loan, overdraft and credit card. Should I wait until they sold the debt or start 3 letters now?

Is it worth to complaint at FOS my Barclaycard credit card start 3 letter process to Link Financial? They have bought my account.

The avant credit complaint is already to Financial Ombudsman. I want to reduce the amount the I owe, but still the debt will remain almost 3k. Should I start 3 letter process or just wait until FOS decision?

Re: New member. Help needed · by **daveiron** Tue Jan 02, 2018 11:58 am

Sort out what paperwork you have for each account & file in date order.

The letters/notices ask for all that you need them to supply to you.
Read the letters and understand them .If you have already admitted any debts to them ,you may be screwed ,but you could always try adding to your first letter that " In view of further research I now require the documentation requested below as I now understand that my signed agreement created the credit in the first place ,thereby making me the creditor .If this is not the case I require a signed statement to that effect"

Re: New member. Help needed · by MarkyMark Tue Jan 02, 2018 12:14 pm

Thanks again Daveiron.

The only conversation with 2 debt collectors was an email where I said I am disputing the account with the original creditor. Is that means I've acknowledged the debts? Accepting Financial Ombudsman decision will bind me with debt collectors who bought the debs?

Re: New member. Help needed · by **daveiron** Tue Jan 02, 2018 12:37 pm

Just start the appropriate letters .Send by recorded mail ,but not to a PO box as it will not get signed for.

Re: New member. Help needed · by MarkyMark Tue Jan 02, 2018 1:09 pm

Recently I have defaulted the HSBC overdraft, around £5k and they try to call me but I've never answered. Please advice me how to deal with them. If I accept a payment plan this will bind me with them. Should I avoid them until the sold the debs? Is it better to deal with DCA?

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