Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Australia version of the ebook
by kevinfloyd Today at 5:27 pm

» getoutofdebtfree site clone
by Margo2104 Today at 2:58 pm

» Theresa May’s Plan
by Mrblue2017 Today at 1:05 pm

» Cabot- is there a realistic chance to fight them?
by waylander62 Today at 11:08 am

» Reality chat , every wednesday at 8pm (ish)
by Society of the Spectacle Yesterday at 7:31 pm

» 3 letter process
by projectzoo Yesterday at 5:27 pm

» Lowell - Cohen Solicitors
by waylander62 Yesterday at 12:04 pm

» raconteurs news
by LionsShare Yesterday at 10:25 am

» utility bill accounts
by LionsShare Yesterday at 10:20 am

» What response to Application for county court using N244
by waylander62 Yesterday at 1:29 am

» Arrow transferred to drydensolicitors
by Mrblue2017 Tue Mar 19, 2019 7:44 pm

» Drydensfairfax Soliciitors - Statute Barred?
by janloot Tue Mar 19, 2019 7:26 pm

» cabot/restons/county court
by Johnnyred Tue Mar 19, 2019 4:40 pm

» EU's Mandatory Biometric ID Card - on its way!
by Kestrel Tue Mar 19, 2019 7:06 am

» sol excalibre with cookiemonster
by Society of the Spectacle Mon Mar 18, 2019 7:31 pm

» Latest from CrimeBodge
by assassin Mon Mar 18, 2019 12:57 am

» Help needed please with Robinson Way
by codtree Sun Mar 17, 2019 11:08 pm

» CABOT filed CCJ application despite 3-letter process
by davidg4039 Sun Mar 17, 2019 8:47 am

» Lowell Letter of Claim
by waylander62 Fri Mar 15, 2019 12:30 pm

» Lowell Court order
by waylander62 Thu Mar 14, 2019 12:52 pm

» A previous member from old
by daveiron Wed Mar 13, 2019 8:40 pm

» Hi from South West of England
by assassin Tue Mar 12, 2019 7:01 pm

» Final Notice - Bailiff
by Solosmurf Tue Mar 12, 2019 3:28 pm

» Lowell threatening me Again !!
by barnwebb Tue Mar 12, 2019 1:33 pm

» Investigation as video of West Midlands Police 'restraint' goes viral
by Lopsum Tue Mar 12, 2019 9:28 am

» Intrum Finance letter advice please.
by Ithesoul Mon Mar 11, 2019 10:11 pm

» Overdraft LOAN has been sold to DCA
by Prometheus Mon Mar 11, 2019 7:56 pm

» sip parking notice
by lisa40 Mon Mar 11, 2019 3:30 pm

» Natural Health
by Solosmurf Mon Mar 11, 2019 1:46 pm

» Private messaging
by Solosmurf Mon Mar 11, 2019 12:03 pm

» More Lowell Success
by Mrblue2017 Sun Mar 10, 2019 3:32 pm

» 5G AND it's implications | WOW it is scary and can't be allowed
by Mrblue2017 Sun Mar 10, 2019 11:28 am

» Return to sender
by Ausk Sun Mar 10, 2019 8:39 am

» Should these missed payments have been a default?
by assassin Sun Mar 10, 2019 2:11 am

» NHS /PENALTY CHARGES
by assassin Sat Mar 09, 2019 2:01 am

» Collectica - Marston Holdings
by waylander62 Fri Mar 08, 2019 1:32 pm

» Collectica - Marston Holdings
by chopstick Fri Mar 08, 2019 8:58 am

» LOWELL FREE PHONE
by rotterdamuk Thu Mar 07, 2019 6:49 pm

» Latest Rich Planet vids Richard Hall
by daveiron Thu Mar 07, 2019 11:18 am

» 24 Storey Tower on Fire in Kensington - dies
by Awoken2 Thu Mar 07, 2019 10:35 am

» Rozer's get a PCN
by midnight Wed Mar 06, 2019 8:38 pm

» 5G Freedom of Information requests
by daveiron Wed Mar 06, 2019 2:17 pm

» Hoist Portfolio/Howard Cohen – Letter of Claim ?
by barnwebb Wed Mar 06, 2019 12:57 pm

» Rossendales in respect of Council Tax debt...
by waylander62 Wed Mar 06, 2019 12:50 am

» Private Banking?
by LionsShare Tue Mar 05, 2019 11:47 am

» This Could Be Just Down Your Street
by Lopsum Tue Mar 05, 2019 10:37 am

» intrum advice please
by waylander62 Mon Mar 04, 2019 8:27 pm

Moon phases


stupid thing

Go down

stupid thing

Post by projectzoo on Thu Dec 06, 2018 5:55 pm

Before i came across this con/sham i missed a payment to a credit card and got the call from them, i done the income expenditure, given them £1 a month witch the first payment came out of my account. ( wish i knew then what i know now).
So anyone know the best way to play this,should i just pay £1 a month till it gets sold to a DCA & do the 3 letter, or stop paying the £1 and start sending the letters.

Many thanks on a reply to this

thezoo

projectzoo
Not so newb
Not so newb

Posts : 41
Join date : 2018-12-04

Back to top Go down

Re: stupid thing

Post by Mrblue2017 on Fri Dec 07, 2018 6:10 am

Hello the zoo,

For clarity, what do you mean be “con/sham”?

Thank you.

Rgds
Mrblue
Mrblue2017
Mrblue2017
news worthy
news worthy

Posts : 178
Join date : 2017-06-11
Age : 53

Back to top Go down

Re: stupid thing

Post by projectzoo on Fri Dec 07, 2018 9:46 am

Whats going on with the banks and the government its one big con

projectzoo
Not so newb
Not so newb

Posts : 41
Join date : 2018-12-04

Back to top Go down

Re: stupid thing

Post by Mrblue2017 on Fri Dec 07, 2018 10:54 am

Thanks for clarifying. Personally I have never ‘signed up’ to the £1 per month type agreement. As such, I can’t be sure as to which templates you would use. I’ll leave it to one of our other friends on here to respond :-)
Mrblue2017
Mrblue2017
news worthy
news worthy

Posts : 178
Join date : 2017-06-11
Age : 53

Back to top Go down

Re: stupid thing

Post by projectzoo on Fri Dec 07, 2018 1:52 pm

No worries,i came across another debt web site and the advice was go for a token payment £1 a month, oyetvchannel.com if check this guy out you will know what am on about

projectzoo
Not so newb
Not so newb

Posts : 41
Join date : 2018-12-04

Back to top Go down

Re: stupid thing

Post by Mrblue2017 on Fri Dec 07, 2018 1:58 pm

So how long will it take to write-off the debt for you? For how many years do you have to pay £1 per month? And what happens after that? Are all your debts written off? Will there still be defaults on your credit file or will you still have to wait 6 years for them to become Statute barred?

Hopefully a more experienced member/moderator here can help point out what the advantages are of the letters system over paying £1 per month. If not, I'll raise a separate post in due course.
Mrblue2017
Mrblue2017
news worthy
news worthy

Posts : 178
Join date : 2017-06-11
Age : 53

Back to top Go down

Re: stupid thing

Post by projectzoo on Fri Dec 07, 2018 3:55 pm

83.3 Years lol, was hoping the debt would get sold on to the likes of lowell and co, then they have bought your debt and you don't have a contract with them so that's it no more debt, send the letters to them, Wont do it again i just got trapped off them for the £1 a month as am new to this, was wondering what was the best way to play this i.e carry on as above and hope the debt gets sold off to a DCA or stop paying the £1 and start sending the 3-letters process ? The topic stupid thing was about me for doing this in the first place as am all for given them jack, if i add up all the fines and late payments over the years i now feel they owe me.

projectzoo
Not so newb
Not so newb

Posts : 41
Join date : 2018-12-04

Back to top Go down

Re: stupid thing

Post by Mrblue2017 on Fri Dec 07, 2018 4:51 pm

In future use a more meaningful title for the thread and you’re much more likely to get people to respond :-)
Mrblue2017
Mrblue2017
news worthy
news worthy

Posts : 178
Join date : 2017-06-11
Age : 53

Back to top Go down

Re: stupid thing

Post by Ausk on Mon Dec 10, 2018 12:08 pm

@Mrblue2017 wrote:Thanks for clarifying. Personally I have never ‘signed up’ to the £1 per month type agreement. As such, I can’t be sure as to which templates you would use. I’ll leave it to one of our other friends on here to respond :-)

I've read the DC/creditors tend to abandon these agreements after a while because they are just too much trouble for too little gain.

Should you need to consider a 50P for 50 years repayment option, then it could be quite handy.

When determining what one can afford to pay back on a weekly basis, take everything you currently spend on now, into account.

When calculating what you could afforded, you are under no obligation to go cold, hungry, thirsty, poorly clothed, poorly fed, without transport etc. You under no obligation to sell your assets such as your personal conveyance, personal possessions, furniture etc, etc just to be able to pay back more than 50P for 50 years if that's what it takes.

A DC has NO rights to tell you how much of your income you should allocate to debt repayments.

Ausk
Moderator
Moderator

Posts : 472
Join date : 2017-06-03

Back to top Go down

Re: stupid thing

Post by projectzoo on Tue Dec 11, 2018 7:41 pm

thanks for that ausk

projectzoo
Not so newb
Not so newb

Posts : 41
Join date : 2018-12-04

Back to top Go down

Re: stupid thing

Post by assassin on Wed Dec 12, 2018 2:12 am

This is nothing but a scam because by paying £1 per week or month you are deemed to be in a legally binding contract and servicing the alleged debt, this is for one simple reason, when you fail to service an alleged debt for 6 years, 5 in Scotland then the debt is statute barred anyway and cannot be enforced. You are also deemed to have acknowleged the alleged debt as yours and accept that you have a debt, and that you have agreed to service the debt, and by acknowledging acceptance of the debt you are now legally bound to pay it.

If you pay this token amount for 2 years as an example, then you cannot easily deny the debt is yours, you cannot deny the debt was serviced, and you have added another 2 years to your six years of not servicing the debt before it becomes statute barred.
assassin
assassin
Admin
Admin

Posts : 1799
Join date : 2017-01-28
Location : Wherever I Lay My Head

Back to top Go down

Re: stupid thing

Post by projectzoo on Wed Dec 12, 2018 11:22 am

Hi assassin.
I don't want to pay the £1/month, i was asking if its to late to start sending 3-letters
or do i have to carry on till it gets passed over to one of the DCA, and i do belive that the DCA has bought the debt and cos i don't have a contract with them the debt is finished,i was informed it could take a few month or up to a year before the cc compant sell it off ?

projectzoo
Not so newb
Not so newb

Posts : 41
Join date : 2018-12-04

Back to top Go down

Re: stupid thing

Post by daveiron on Wed Dec 12, 2018 12:34 pm

Hi,
who are you paying the £ 1 .00 to ? Who is communicating with you ? When was this account opened & how much (approx) is it for?
daveiron
daveiron
Admin
Admin

Posts : 1532
Join date : 2017-01-17

Back to top Go down

Re: stupid thing

Post by projectzoo on Wed Dec 12, 2018 2:41 pm

Credit card company,opened 6moths ago,for about £1000,only paid £1 so far after missing payment,it was done down the phone

Thanks for

projectzoo
Not so newb
Not so newb

Posts : 41
Join date : 2018-12-04

Back to top Go down

Re: stupid thing

Post by Ausk on Tue Jan 01, 2019 10:57 am

@projectzoo wrote:83.3 Years lol, was hoping the debt would get sold on to the likes of lowell and co, then they have bought your debt and you don't have a contract with them so that's it no more debt, send the letters to them, Wont do it again i just got trapped off them for the £1 a month as am new to this, was wondering what was the best way to play this i.e carry on as above and hope the debt gets sold off to a DCA or stop paying the £1 and start sending the 3-letters process ?  The topic stupid thing was about me for doing this in the first place as am all for given them jack, if i add up all the fines and late payments over the years i now feel they owe me.

One of the major traps in this x amount per month, at least where I live; is that should you miss just one payment, even if its a stuff up at the bank and not your fault, the DC or whomever; can go running into the court and apply to commence bankruptcy proceedings against you immediately. 8 times out of 10 when this happens the application is granted.

This results in the looters visiting your home and plundering everything you have. I mean; they cant be certain that 1500 car, that 600 TV and 300 worth other items, is going to net the 200 quid debt in today's market can they? So they take the lot.

So what you may wish to consider doing and given you have the resources to do it, is to scrape up a hundred quid or so and go to them and tell them you dont have a brass razoo to pay them any more than 10p per month for x years from now on, even though you may have already agreed to pay five quid a week.

However; its their lucky day. Your supporters have have given you this 70-80 or so quid to enable you to make them an offer and get rid of the debt so you can get on with your life.

The offer is that they agree, should they accept (all this in writing) the debt is thereby extinguished, closed and settled and that they will make no further claims on you regarding this matter. They also agree to remove any negative remarks they have caused to be entered into any credit register anywhere.

Sometimes to these people a bird in the hand is worth two in the bush.

Should that fail then you tell them that you will be returning that money in your hand to the donors and that you will be making application to the court to vary your payments down from 'x' to 'y' because things have got harder for you for x reason.

What you can afford to pay is for YOU to decide.

No debt law anywhere, as far a I know; says you have to go cold or hungry, suffer poor nutrition or that you must commit x% of your income to debt payments in order for your repayments to be fair and reasonable to the creditor, do they?

Ausk
Moderator
Moderator

Posts : 472
Join date : 2017-06-03

Back to top Go down

Re: stupid thing

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum