debt management plan what to do??

[getstraight]

No I moved out 3 years ago moved in summer 2007 never missed a payment. I lived in a village they may not have searched properly

[getstraight]

I have some defaults on my credit file, as part of a full and final settlement, can I ask that these are removed? is this possible and will they do so? thanks

[citizenB]

When were the defaults first placed on your CR file ? If they are due to fall off soon (6 years from placement), then it might be worth just waiting.

 

You can ask for them to remove them as part of a F&F, however, I doubt they will do this - unless they were placed incorrectly in the first place.

[getstraight]

They still have 3 year to go. I am just thinking about the future and trying to get a mortgage, if I can save a deposit which will take a couple of years which will leave a year to go.

[citizenB]

I truly don't see them removing it then. However, if you don't ask, you will never know

[getstraight]

Suppose they can only say no. I contacted 3 debts, and they have told me I need to speak to the DCA that are looking after, the debt on their behalf. Why can't I speak to them direct since they haven't sold the debt on! Negotation with a DCA who doesn't own the debt isn't really a negotation!

[sequenci]

Are you sure the DCAS have not purchased the debts - and by that token become the creditor? If not then I totally agree with you!

[getstraight]

I have letters from the OC saying Capquest, Apex are handling the account on their behalf,

 

I intially wrote to the banks and then rang them.

 

I was told the DCA represents them.

 

I rang one DCA and they said the OC had said a 75% settlement.

 

I have assumed that if I spoke to the other 2 DCA's they would say the same thing, for the other 2 debts.

 

I can get 60ish% together with family help but not 75%, and the DCA must have at least a 10% fee if not more.

 

I wasn't going to part with any money over the phone,

 

but follow up with a letter that I would want them to reply to in writting before doing anything. Very frustrated!

[dx100uk]

cra file will tell you...

 

dx

[dx100uk]

hang on

 

discounts.

 

that means there is something WRONG with the debts

 

get all the statements from the OC and FIND IT.

 

never ever pay a dca esp on a debt with a discount

 

they are FLEECING you.

 

dx

[dx100uk]

and PLEASE STOP phoning DCA's

 

never ever discuss your debts on the phone.

 

dx

[getstraight]

and PLEASE STOP phoning DCA's

 

never ever discuss your debts on the phone.

 

dx

 

will do, I just wanted to get things in place and then follow up with a letter. I know that I owe these debts. I want to stop using my debit management company and I have waited, as I wrote to all my debitors offering a full and final settlement, they have replied now and the offers are something I can't meet right now. So I would like to stop using the management company and get something in place myself. thanks

[dx100uk]

I refer you to post 8

 

and posts 2+3 DUMP the dmp

 

do it yourself.

[dx100uk]

no PLEASE do not follow the previous thread

 

just costs you more money in fees

 

dx