OPOS - a technical victory?

[azzadle]

Well, it appears my 12 month long minicredit saga could be about to reach its conclusion. After passing my account to Freds who then gave up when I challenged them, the account went to OPOS. After texts not explaining who they were,their email confirmed my suspicion that they were working for MC.

 

Their opening email stated they wanted £699 (loan was £100 and I've paid £115.50 towards it so far) and would seek a CCJ if not paid within 14 days. They offered a 50% discount of £349.50. I replied asking them to break down their figure and justify all charges, but I am not paying £699. They came back saying fine, you're going to court as you won't pay, see you there. I replied I'm quite happy to go to court but I've tried for a year to settle this and can prove so, but their £100 charges for debt collection are breaking OFT regulations and should be revoked. Eventually he caved in, and I told him exactly what I'd paid so far. He said we'll settle it for £200, to which I made a counter-offer of £76.50, taking the total paid to £192. Still a little over the odds, but an affordable figure for me to end this hell.

 

It's amazing how it went from £699 to £349.50 to £200 to £76.50 in the space of 24 hours and 6 emails. He also stated that:

 

When this payment is made, the remainder of the balance outstanding is written off and no further action will be taken. The account will then be closed as classified as fully settled. This will show as paid in full on your credit file. The debt will not be passed to any other agency as it will be written off.

 

I'm classing this one as a win . Stick to your guns, know your stuff and don't be scared of them. They're powerless, take control and pay what you can. After this, I have one to go, down from 7 just 9 months ago. CAG is awesome.

[renegadeimp]

Yep. They were trying to use you as a cash cow. You called them out and they buckled, thats why they offered a huge discount.