DCA Update

Hi Guys.
An update on an alleged debt. A DCA has offered me 90% discount, and if I pay they will close the account. it kept going up 25.35.50 and the latest is 90 lol.
I am sure if they have a chance of recovering the alleged debt they would still be chasing. Good luck guys.

Of course they would, but in reality they buy debt and pay less than 10p in the pound for it, once they have bought it they have settled your debt so it no longer exists.

Assassin is correct, the Origonal Creditor's Title becomes defective & ANY Accommodated Party does a favour.

When does an alleged debt become status barred. Is it if they don't contact you for 6 years or if you haven't paid anything for six years but get the occasional letter every now and then.
I have an alleged debt for over 7 years, I haven't paid anything but get the odd letter. Where do I stand on status barred. Many thanks.

Six years from last payment ,presumably you have not agreed the debt.
To be on the safe side i would count from one month after default notice.

Thanks daveiron. All alleged debt. I haven't paid anything for at least 6 years. Used to pay the token £1every month. Does that mean even if they sent you letters. Cheers.

If you have not paid for 6 years plus ,you are good

Couldn't have done it without your help. This site is invaluable, it works.

Good morning Tiberius,

You’re most welcome and yes, this site is / has been invaluable for thousands inc me which is the reason why I decided to become a moderator to return my gratitude for  helping me write off alleged debts (ie I applied the GOODF process to several banks and debt purchasers and debt collection agents) totalling £20,000 give or take, due to bank and debt purchaser failures  

In the meantime, if you hear from another debt purchaser or DCA, all you need to say is:

I shall not be making any payments in respect of your claim, given that any outstanding balance that may be owed is statute barred under the limitations act.

And let me just qualify where I say the process works.

So long as people read the following link and do not simply copy and paste the template letters, the GOODF process works:

https://goodf.forumotion.com/t4129-please-read-this-first

It does not matter in what walk of life you use templates. To do so without understanding what the words and sentences and paragraphs mean in the templates, increases your chance of a) looking like a simpleton to the recipient and b) failure...

So if anyone wants to succeed with the GOODF process, do your homework first (read the above link) and keep reading it over and over if need be until you 'get it'

Hi All.
Received this response after sending the first letter regarding an alleged debt. this has been passed to 3 or 4 DCA's, your thoughts and comments are most welcome. Cheers

Your letter is one that has been sourced from a "debt free" website. We often see customers relying
on these types of letters in the hope it will assist their financial position. Such letters do not have any
legal effect and we strongly recommend you seek free professional independent advice from reliable sources. Notwithstanding the above we would be happy to help you with your specific query or dispute. To assist you we have requested the relevant documentation from the original creditor and this will be sent to you once it has been received. The account will remain on hold during this time and there is no need to chase us in the meantime. lf you have anything separate to address with us or would like to discuss at fordable repayment options please do contact us. Please be advised that the Bills of Exchange Act 1885 does not apply to this account and that we do not have to provide you with the actual copy of the agreement. We recommend you seek free professional legal advice in this regard.
Our legal right to pursue the account is contained in section 136 of the Law of Property Act 1925. A
copy of the Notice of Assignment is enclosed. Your account with XXXXXXX was
assigned under a Deed of Assignment and not a Deed of Novation. We are not obliged to provide
you with a copy of the Deed of Assignment as it is company confidential.
We have updated our system to reflect your contact preferences, however please note that the
telephone numbers we held will be retained for audit purposes and may be reinstated if we do not
receive a response to our letters.
Our entitlement to process your data is contained in relevant data protection laws. Debt recovery is
a legitimate interest, and we do not require your consent or a signed contract with you
Please be advised that any reference to cease and desist under the Protection from Harassment Act
1997 does not apply. We refer you to the legal definition of harassment contained within the
Administration of Justice Act 1970. This states harassment is not applicable if you are "securing the
discharge of an obligation due, or believed by him to be due, to himself or to persons for whom he
acts, or protecting himself or them from future loss; or the enforcement of any liability by legal process.
We hope the above helps and we will be in touch once we receive the documentation from the
original creditor. Should we receive further correspondence again sourced from "debt free" websites
a record will be kept on file and you will not receive a response. We are not ignoring your correspondence. We consider that this letter sufficiently addresses the issues raised and we believe that once you are in receipt of the information from the original creditor that this matter can be
resolved.

Just to check, are you sending the letters for Debt Purchasers ? because you
refer to them as debt collectors.

Its just waffle ( letters we have seen many times on the internet)

Just carry on with the process. Why not also send a SAR to the original
creditor, you will then see what the DPs have.

Sorry just to clarify I sent the letters to debt purchasers. Thanks

Yep as per Daveiron and as per the GOODF Approach IGNORE the waffle.

Have you seen and read the link (and in full) that I have listed again below? I don't think you have, because if you had, you would have learned to ignore their letter... See my post above, Mon Mar 22, 2021 6:38 am

10 days after you sent the first letter, send letter two. (Again it's in the link below) Simple...

On another note: you were talking about Statute Barred. Why did you send letter 1? Unless you are now talking about a new alleged debt???

Link (again):
https://goodf.forumotion.com/t4129-please-read-this-first

Hi Mrblue2015. This particular alleged debt still has 7 months before it is statute barred. This is the 4th DCA that has tried to make me pay so I am doing the 3 letter process again. I have already sent 2 letters and next week the 3rd. I do have 3 Statute Barred alleged debts and that's what I was asking about in previous correspondence. As I haven't heard from any of the Statute Barred ones for years I haven't contacted them but will do if they contact me. Just doing some homework incase they do. Any correspondence I do get from ones that are in Estoppel are always ignored and no action is taken. Believe me I have read that thread many times. Thanks for your feed back very much appreciated. Good luck to all.

OK gotcha. Stick the process to buy yourself some more time

And you’re welcome.

Cheers Mrblue2015. I was clueless till I stumbled on the old site. So glad this site has carried on and taken it to the next step. Good luck to all.

No problem buddy, I was clueless too (as I’m sure many are) until I was told about the original GOODF.

Hi guys. An update on the latest DCA that took this alleged debt on. They have offered me a 50% discount if I settle .
Another one offered me 90% discount for another alleged debt. I never bothered to answer them and haven't heard from since. That was over a year ago lol.
Thanks guys for your help and support, you are awesome as always.

We now have an alternative method as well, Even if you choose not to use it
its worth studying as the principles can be adapted and applied to other situations .

Tiberius wrote:Hi guys. An update on the latest DCA that took this alleged debt on. They have offered me a 50% discount if I settle .
Another one offered me 90% discount for another alleged debt. I never bothered to answer them and haven't heard from since. That was over a year ago lol.
Thanks guys for your help and support, you are awesome as always.

If they are offering discounts it means either they know they have no valid claim, or are desperate for money, or a combination of the two.

Think what this site regularly says, debt buyers buy alleged debts for pennies in the pound, and often they buy blocks of alleged debts, so what are they really offering you? a 50% discount on something you don't owe, so really they are offering you nothing at all other than the oppertunity to give them money you don't owe them.

Make them a counter offer, they offer you a 120% discount on what they allege you owe and put you a check in the post, perfectly lawful.