£25,000 debt friend unfortunately being paying £1 a month,can I help ?

by memegirl777 Thu Jun 14, 2018 3:31 pm

Hi all I have had success myself with the old forum so well aware it works .
I have a friend I am trying to help who due to relationship break up she has 2 debt totaling over £25,000 and is in a real state and I,m not surprised .
the problem is she has been paying each at a poultry amount but now they have sent out the current expenditure forms and we know where that leads.
I can,t remember whether their is a way out once you have started paying ..
any help much appreciated Wink

by waylander62 Thu Jun 14, 2018 7:20 pm

there is always a possible way out,

did your friend set up these £1 per month payments directly or was it set up through a DMP or through the CAB or something similar.

are these debts regulated by the CCA ? loan credit card etc or are they for an overdraft or something else.

by Ausk Fri Jun 15, 2018 8:48 am

Is there a clause in the agreement about changes in circumstances.

Perhaps post the agreement and we may be able to suggest or draft a suitable response as a solution.

Adding quotes from relevant laws would be helpful for myself

by memegirl777 Sat Jun 16, 2018 8:42 am

Hi guys thankyou for your replys she,s currently in hospital so I cant ask her anything relating to this but will when she comes out ..
ive managed to get PRA from taking action and they have admitted the £13,000 plus debt they have their mits on is not enforceable .
im now going to try to stop them from contacting her ...
looking on here LINK financial who has the other 2 debts dont look as easy ...

by waylander62 Sat Jun 16, 2018 8:15 pm

Keep your wits about you on the PRA one, it is a lot of money, and although they are saying it is unenforceable you can rest assured they will be finding a way to make it enforceable ( in their world ) so just be ready.

Link financial, like many others can be seen off with the right questions.

what makes you think they dont look easy ?

by memegirl777 Tue Jun 19, 2018 2:25 pm

waylander62 thanks for that ..
do you think I should be pushing for PRA to close the account ?
rather than let it sleep ?
Link just because I have seen posts on the web on other sites that they dont seem to back down ..
and of course because she has been paying them ..

by waylander62 Tue Jun 19, 2018 10:07 pm

regarding PRA i would let sleeping dogs lie but just keep your paperwork together and be ready.

seriously any of these can be beaten even though she has been paying, i recently helped someone in a similar position where the bank themselves took out a claim and they had written to the bank and made an offer to pay just 6 months prior to the claim, and made a token payment.
I submitted a defence to the claim and soon after their solicitor issued a notice of discontinuance.
I even got them £400 in costs from the bank.

you just have to ask the right questions and ask for the right proof, each debt and situation is different which is why i never use templates.

by Sponsored content

£25,000 debt friend unfortunately being paying £1 a month,can I help ?

£25,000 debt friend unfortunately being paying £1 a month,can I help ?

Re: £25,000 debt friend unfortunately being paying £1 a month,can I help ?

Re: £25,000 debt friend unfortunately being paying £1 a month,can I help ?

Re: £25,000 debt friend unfortunately being paying £1 a month,can I help ?

Re: £25,000 debt friend unfortunately being paying £1 a month,can I help ?

Re: £25,000 debt friend unfortunately being paying £1 a month,can I help ?

Re: £25,000 debt friend unfortunately being paying £1 a month,can I help ?

Re: £25,000 debt friend unfortunately being paying £1 a month,can I help ?