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Egg loan.. defaulted earrly 2006...cabot want I&E sheet?


jackanory1
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Hi All,

 

I'm paying off a debt that is in the hands of a DCA.

 

There's no problem with the agreement; it's my debt, it'll be paid off in 18 months and it's not causing me particular hardship.

 

They called me last week 'to review' and I told them I was fine as I am, to stop calling me and write to me instead.

 

They've now sent me a 'budget' form to fill in with my earnings and expenditure.

 

What do you think?

 

Can I just ignore this?

 

Cheers Caggers!

Jack

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whats the original debt please?

 

only a JUDGe can demand such info.

 

is this debt on your cra file?

 

ideally you should NEVER pay a DCA

 

if the debt is owed...pay the OC.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I've been paying them for the last 3-4 years.

 

The debt was a default.. has just dropped off my credit file.

 

Balance is just over a grand..

not a massive inconvenience to pay off

- may well offer them a settlement at some point soon if I have a bit of cash spare.

 

. just wanted to know if I could ignore their letter.

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what was the debt please

 

how did they spoof you into paying them?

a threat-o-gram?

 

DCA's are NOT bailiffs

 

they have NO SUCH LEGAL POWERS

 

many people, blindly, believe what they write or say on the phone as correct

 

RARELY is that so.

 

I seriously question you wisdom in ever conversing on the phone with a DCA

 

never ever do that

 

they will say anything to get you to pay.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Yeah..

I know that now and have been applying a much more enlightened strategy to other debts more recently.

 

A few years ago I didn't have that knowledge and played ball with the them.

 

Wish I'd read some of the stuff on here back then!

 

Pretty sure I can't bail out of this after paying them for the last 3-4 years..

. unless you know something I don't?

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ok so answer the questions I have asked please

 

what was the original debt all about?

 

etc etc

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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If cabot have it then theres something wrong with the debt.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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All you need do is write back confirming that there is no change to your personal financial circumstances and you confirm that you will maintain the agreed payments.

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cash cowing you I bet

 

ever sent them a CCA request?

 

how much was the loan org for?

 

what have you been paying till now?

 

when did you stop paying EGG & start paying the DCAs?

 

got a copy of the agreement yourself...got PPI etc?

 

have you been getting regular statements?

 

how many fleecers have had their mits on this debt over the years..?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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