Unsecured Debts over 3 years old

[philbass39]

Hi All,

 

I lost my business and job in 2009 and at that time had to stop all payments on credit.

 

As a result I now have several debts amounting to 77k. Most of this is the shortfall on my mortgage which arose in 2009, even though I had an agreed buyer at the time to eliminate any shortfall, and has been frozen at 51k. The others are all credit cards and 1 bank overdraft.

 

All of these debts have been sold on more than once to different debt collection agencies, and as my house was repossessed and I moved out of the area, I wasn't detected.

 

After taking a small payday loan (which was payed back on time), some of the DCAs have sent letters to my dad's with the usual threats, all of which I have ignored. Some of them have offered reductions, and others, payment offers.

 

My intention is to lay low and save up enough money to settle these outright (discounted of course). I don't want to become bankrupt or face the 5 years locked into an IVA. Any advice?

[dx100uk]

its typical that those offering discounts will never go near court

so either get some SAR's off

to investigate reclaiming

or

stay low

 

have you checked your CRA file

to see exactly where you stand?

 

see below

 

dx

[Bazooka Boo]

Your Father should mark the letters "RTS not known at this address" and put them back in the post.

 

Who are the Original Creditors (OC) for these credit cards, and roughly how much is on each one?

 

Anyone offering a discount is obviously very worried, and will either have no paperwork, or it will be full of charges and fees which can be reclaimed.

 

Is there any PPI on these accounts?

[philbass39]

Yeah I have an experian account so I can see exactly what's going on.

 

I've also moved away again to another area...

 

Original Creditors:

 

MBNA, £13250 - sold on twice, latest DCA offered a £50 p/m payment plan

HSBC credit card, £3900 - sold on three times

HSBC overdraft, £3920 - sold on 3 times

BARCLAYCARD. £5050 - sold on 4 times, latest DCA going round in circles!

VIRGIN MEDIA, £169 - no contact

FUTURE MORTGAGES: £51100 - no contact

 

I don't remember having PPI on any of them. All of these date back to July 2009

Edited June 7, 2012 by philbass39

[citizenB]

Are you sure these accounts have been "sold/assigned" and not just passed out to 3rd party agencies for collection.!!

 

The mortgage account will be round your neck for 12 years.

[philbass39]

That I don't know, the companies have changed that many times and the interest and charges stopped 2 years ago on all.

 

I will tackle the Mortgage when I have a reasonable sum.

[Bazooka Boo]

So who is chasing for what? What name shows up next to the amounts on your credit file?

 

Have you got statements for these accounts? It would be very interesting to see exactly how much of these figures is actually reclaimable charges, guarantee that O/D is full of charges, that would be at the bottom of my pile, and what is the Virgin Bledia one? Phone, internet, moby?

 

When were these accounts taken out?

[philbass39]

MBNA is now VIL/EXPERTO CREDITE LTD started15/04/1999

Barclaycard is nowMKDP LLP - started21/07/2001

The two HSBC accounts are now both SIGMA RED both started26/02/1996

Virgin media was my old phone and internet started08/05/2008

 

The mortage is still with their solicitors and that started 21/02/2006

 

Yes i still have all of the files and statements.