Natwest debt

by jax_puddle Tue Mar 27, 2018 11:23 am

Hello all,

Natwest is owed some money and I have been doing the 3 letters process with your support: thank you for that and all that you do Smile

One debt (£6,500 loan and overdraft) was with Moorcroft and I did the 3 letters process with them and they returned it to Natwest who then sent it to Wescot. Wescot have sent me three letters which to be fair, I've just realised I've ignored them all (because I was ignoring their letters about an EON debt that they took over from BCW and no one told me about it until BCW would no longer accept my payments and Wescot started chasing me). The last letter that they sent me about Natwest I received today and it says that they are offering me a reduced resettlement discount. What should I do with that?

Another Natwest debt (£2300 credit card) was with Wescot and I did the 3 letters process with them and they sent it back to Natwest who has now sent it to Robinson Way. I've just received a letter from them. Should I do the three letters with them? Do I have to send the Estopell after letter 3?

I see that they usually send them to 3 companies and then sell the debt off - is this correct? When they sell it off, does that mean that you are home and free because they've bought your debt? My biggest concern is having debt collectors around the house or having to go to court - sometimes I think I'd rather just set up £1 per month agreements to get them off my back (I'm on Employment support allowance).

Anywho, thanks again and look forward to hearing from someone soon. Smile

Jax

by Tiggy Tue Mar 27, 2018 12:08 pm

jax_puddle wrote:Hello all,

Natwest is owed some money and I have been doing the 3 letters process with your support: thank you for that and all that you do

One debt (£6,500 loan and overdraft) was with Moorcroft and I did the 3 letters process with them and they returned it to Natwest who then sent it to Wescot. Wescot have sent me three letters which to be fair, I've just realised I've ignored them all (because I was ignoring their letters about an EON debt that they took over from BCW and no one told me about it until BCW would no longer accept my payments and Wescot started chasing me). The last letter that they sent me about Natwest I received today and it says that they are offering me a reduced resettlement discount. What should I do with that?

Another Natwest debt (£2300 credit card) was with Wescot and I did the 3 letters process with them and they sent it back to Natwest who has now sent it to Robinson Way. I've just received a letter from them. Should I do the three letters with them? Do I have to send the Estopell after letter 3?

I see that they usually send them to 3 companies and then sell the debt off - is this correct? When they sell it off, does that mean that you are home and free because they've bought your debt? My biggest concern is having debt collectors around the house or having to go to court - sometimes I think I'd rather just set up £1 per month agreements to get them off my back (I'm on Employment support allowance).

Anywho, thanks again and look forward to hearing from someone soon.

Jax

No, unfortunately' it doesn't mean you're 'home and free' in fact when they sell on it's the debt purchaser who's more likely to start Court action, BUT the other side of the coin is that they tend to sell on without the documents (specifically the agreement) needed to prove the debt.

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Re: Natwest debt