Help and advice welcome. To end my debt nightmare a family member has offered to help me pay off my debt. I wrote to Cabot saying that a family member was offering to pay £800 for a full and final settlement. The original debt was for £4000 and was a CC. There are no charges that I can claim back, I just want this sorted before I move house. Cabot wrote back saying. “I am happy to accept the £800 you have offered as a one off payment to close the account. If you still wish to proceed with your offer, once the payment has been received your account will be closed and your credit file will be updated to show as partially settled with a zero balance.” I am not interested in my credit file or obtaining credit in the future. Are Cabot trying it on by showing the debt as partially satisfied? Could the balance be sold to another DCA? If the family member wrote to Cabot saying that his offer is only made on the basis that the balance won’t be pursued by themselves or any other DCA, would that be any good. Any help or advice is very welcome.

Thanks for the replies, and I will take the advice given.

My daughters car was written off when she was hit by another car. The other driver's insurer has admitted liability, this is recorded on HD's system. Also recorded on my daughters file is" fault claim", She has been told by HD that this is normal and it will stay like this until the other insurer settles with HD. When my daughter tries for other insurance it will look like she has been at fault in an accident and insurance quotes will be a lot higher. Is there any way HD can remove the at fault marker so she can get accurate quotes. Thanks

I‘ve received a letter from a solicitor saying they are acting for Cabot. They make the usual threats e.g. may do this + that etc. They mention Pre Action Protocols. I am looking for advice about how I can respond, I was thinking along the lines of. “Now you’ve mentioned pre action protocols could you send me a copy of the credit agreement that you will rely on in court”. Years ago Cabot sent me a single paged document with my signature but none of the prescribed terms. They have also offered various discounts over the years. I was wondering if I can ask for anything else that may make them back off. The account is a credit card opened in 1999, the last payment or acknowledgement was Oct 2008. I have a DN which is compliant. Any ideas about what else I can say. Many thanks Debs

A woman buys a house in her name only. Her husband has credit card debts. Can one of his creditors go to court and try/succeed in getting a charging order on the house. Thanks

dx, Last time I looked on my credit file it was there as defaulted. Do you think I should ignore letter 3, the pre action conduct letter. I ask because I've read on this site that capquest often start legal proceedings. I was thinking that I could send them a letter saying I don't acknowledge any debt and could you prove there is a debt by providing an enforceable credit agreement "which I've been told they don't have". Or something along those lines. Any advice/help would be appreciated. By the way does anyone know why my thread has been moved to this forum?

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Hi, and thanks for looking in. Capquest recently bought an old credit card account from Lloyds. In the last few weeks I’ve received the attached 3 letters from Capquest, CQ 3 is a pre action conduct letter. I would be very grateful if someone could advise me how to respond to that letter. Background: It is for a Lloyds credit card opened 2002. Balance £12K. Last payment or acknowledgement 2008 although Lloyds say 2009. When Wescot were trying to collect they said in a letter that Lloyds had informed them that they don’t have an agreement. Same with Iqor Many thanks in advance

Are there any regulations about creditors suggesting you take out further loans so you can pay them off? Thanks

Had a letter from Morgan Solicitors, acting for Cabot. In their letter they say, "...you are obliged to respond to this letter by writing to us by virtue of the Practice Direction to the Pre-Action Protocols within the Civil Procedure rules 1998." what does all that mean? are they getting serious now? Thanks debbie

Couple of questions. If I ignore the Stat Demand is there a time frame for them to petition for my bankruptcy. If they don't go for bankruptcy can they issue another Stat Demand sometime in the future. Thanks Debbie

Well the Stat Demand arrived today by 1st class post, it is dated 2/6/11. The only defence I've got is an unenforceable agreement. So how should I proceed. Thanks for any advice. Debbie

Thanks for posting. On 26th Apr I received a letter from CQ saying they were preparing a stat demand which would be ready 4th May. Since then all I've received is a letter from them asking for details of my dispute, I've already sent them and Barclaycard the details. Please keep us informed as to how it is going. Debbiexxx

Thanks for all the replies, a trouble shared is definitely a trouble halved. It seems from the advice you’ve given and other threads I’ve read re stat demands, that there’s not a lot to worry about. I was thinking of sending them another letter stating my position of living in rented accommodation and having no assets, and saying that if they wanted to go to the expense of making me bankrupt then go ahead. Two questions though. 1) Is it better to get a stat demand set aside or do nothing safe in the knowledge that they won’t spend money trying to make me bankrupt. 2) How can a firm make you bankrupt when a debt is disputed, surely they have to prove you owe them money first. Thanks Debbie