Egg CCA

[LB145]

Any news on PT's Test Case?

[LB145]

The waiting game is getting top my other half so we thought of going down the Full & Final Route - offered DC £1k - knew it would be turned down but wanted to open negotiations - then offered £2k - DC sent letter stating not enough and that they were not aware that there was a dispute on the account!! This really wound me up because they obviously just generate letters out without even knowing the case behind them and do not even consider the settlement amount reasonably.

[Mistermind]

Any news on PT's Test Case?

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?276509-Alexandra-Slater-v-Egg-The-Full-Judgement

 

"approved limit", "interest terms", "compulsory D/D being unfair" unenforceability claims -- all dismissed in Mold High Court on 9th August 2010.

[LB145]

http://www.consumeractiongroup.co.uk/forum/showthread.php?276509-Alexandra-Slater-v-Egg-The-Full-Judgement

 

"approved limit", "interest terms", "compulsory D/D being unfair" unenforceability claims -- all dismissed in Mold High Court on 9th August 2010.

 

Not good then! started negotiating F&F with DC - any suggestions as to what percentage they accept!

 

I wonder where this is all going - I lost my case against MBNA couple of months ago - when other CAGGERs have suceeded and now this! Feels like I'm dropping all the straws!

[Mistermind]

Some threads within the past 8 weeks have mentioned F&F agreed at a fraction favourable to the debtor. If you browse backwards in time and pinpoint these threads then quietly PM the posters you would have the best chance of sussing out the lie of the land. Egg is likely to assess its chances on a case-by-case basis based on what they know or guess about your particular financial prospects.

 

Following their total win on 8th August they would have digested their strengthened position, so may stiffen their stance. However an enforceability win in court still cannot extract blood from the stone. If they believe there is no possibility whatsoever of a big repayment they would likely resign themselves to accepting a small payment before even this is paid to other creditors.

[BambiBaby]

sorry to hijack but who do i write to to reqwest my egg cca and is there a template letter i can use?

i have looked but can't see one - any help appreciated

 

thanks

B

[LB145]

Things have moved last week - received letter from Arc saying Willing to discuss settlement please call this number, so I thought lets see where this goes. Have to say the man was really calm and willing to listen, I said that other half had made two offers and was just sent a standard - non responsive letter and he said that Egg definately want to settle - make your offer again and I wll put it to them, this gave a glimmer of hope, he got back to me and said that the offer was too low. The indication was given as to what Egg normally accept - 60%. I emailed an offer of 40% of the balance when the account went into dispute and not the figure that had charges, interest and default amounts. Received an figure of 50% but as partial payment and no one will claim the remainder, also refusing to clear any bad credit markers.

[LB145]

sorry to hijack but who do i write to to reqwest my egg cca and is there a template letter i can use?

i have looked but can't see one - any help appreciated

 

thanks

B

 

Hopefully you have found a template Bambibaby - here's one below - Print you name do not sign your signature, some cmpanies have been known to scan it so they can mock up a fake CCA.

 

For the same reason, the statutory fee of £1 should be a postal order - open your own thread and you will get lots of help specifically to your needs.

 

Dear Sir/Madam

 

Account/Ref No:

 

With reference to the above agreement, I/we would be grateful if you would send me/us a copy of this credit agreement and a full breakdown of the account including any interest or charges applied.

 

I/we understand that under the Consumer Credit Act 1974 [sections 77-79], I am/we are entitled to receive a copy of any credit agreement and a statement of account on request.

 

I/we enclose a payment of £1 which represents the fee payable under the Consumer Credit Act 1974.

 

I/we understand a copy of any credit agreement along with a statement of account should be supplied within 12 working days.

 

I/we understand that under the Consumer Credit Act 1974 creditors are unable to enforce an agreement if they fail to comply with the request for a copy of the agreement and statement of account under these sections of the Act.

 

I/we look forward to hearing from you.

 

Yours faithfully

 

 

 

Your name.

[MandM]

Very similar situation with this one. ARC are offering 40% off after 6 months of various letters from Trev lol.

 

Looking in with interest.

 

M

[LB145]

Very similar situation with this one. ARC are offering 40% off after 6 months of various letters from Trev lol.

 

Looking in with interest.

 

M

 

Yes they are calling it 40% but I am considering it to be 50% working on the amount when it went in dispute and not the end amount including charges and interest since. They obviously are trying to clear up their bad eggs!

[LB145]

Settled at the 40% (their view after interest and charges) 50% (my view when account went into dispute) - really tried to get them to accept this as Full & Final with all bad entries on credit file removed but they are stubbonr and woudl only class it as PARTIAL SETTLEMENT

[LB145]

previous posting would not allow me to edit!?

 

So they are registering it as Partial Settlement - I really tried to push this to Full & Final and they sent the cheque back and subsequently called me and told me that payment had to be made into the Bank directly and acceptance that this was Partial!

 

I am just relieved to get another sorted, whats another four years bad credit history - I never want a credit card again!!! cash all the way for me!!!

[car2403]

A very good application of Judgement, IMHO

[Bosund]

Just gets up my nose that Egg display this message on their web site: -

 

[ATTACH=CONFIG]22335[/ATTACH]

 

The fight is over is it?, not yet...