Dealing with debts, first steps, full and final

[bright_future]

I have been asked by DCA Fredericksons to fill out an income and expenditure form.

 

This is all well and good if my income was stable.

My prospects for full-time employment are limited, so work freelance.

 

I have concerns that they will think my weekly income equates to (weekly * 52) and deduce, incorrectly, what my annual income could be.

In reality, I can get work lasting a few months, but then have to wait several weeks or couple of months before more money comes in.

So, my income fluctuates.

 

My concern is that if I have a longer than normal wait to get another project, I will fall behind on agreed payments, and start the whole horrendous to-ing and fro-ing with letters and such.

 

Frederickson seek ok about fluctuating incomes, and say they will address these issues as they arise, but I don't feel confident in their assurances.

 

How can I make my I&E form reflect the irregularity of my incomes, and reflect into any agreed plan?

 

My proposal was to allow me to store up 6 months of funds, then disburse the excess as lump sums.

Ideally though, I would like to build up a lump sum and offer F&Fs.

But, the way the payments seem to be geared, paying away any over the I&E, is that they wont let you save up any money for yourself, thus shutting off the F&F route, and keeping you on the treadmill.

[dx100uk]

only a judge has the right to see any pers financial details.

 

I hope you've sent freddies a cca request for this debt.

 

dx

[bright_future]

only a judge has the right to see any pers financial details.

 

I hope you've sent freddies a cca request for this debt.

 

dx

 

Can I actually refuse to send one?

 

On what basis?

 

Just that only a judge can ask for this?

 

This might encourage them to get all legal.

 

Is there a reason I can give without appearing unco-operative.

 

PS: Freddies CCAs is next tranche of DCAs to be send requests.

[Conniff]

Would you like to say what debt they are chasing and for how much ?

[bright_future]

Overall I have many creditors, amounts totalling some 40K.

 

there are 3 fred ones; cant off the top of my head remember; they are listed on my other thread.

 

do the amounts matter?

I thought it was the pro-rata'ing that made it unweildy.

if any creditor was willing to accept 10-20%, I would go for F&F.

[dx100uk]

freddies are not bailiffs

 

no DCA has any such legal powers

get that CCA off

 

dx

[dx100uk]

I would not be offering any F&F until you CCA whom you pay now

 

and sar the original creditor on each debt re reclaiming

 

you need to re read this thread

now merged

 

dx

[fletch70]

BF

Everyone has their own viewpoint on stopping payments. As you are only paying £1 per month , personally I would stop and then if they produce a valid document then you can pay them the missing months if that makes you feel better. Remember of course that they can send a recon but does that mean you signed the original agreement. If you are sure that you didn't then you could still with hold payment but you do need to be sure why you what they sent you is not what you signed.

 

 

As for the I&E , well if you want to send one, which you do not need to , I would put a covering letter saying you are freelance and your income varies . If you can find say a 2 month period where your income has been almost nil , use that. In my opinion, if you are reasonably up front with them they are less likely play silly beggars. My view on I&E's is only send them if they are of use to you

[bright_future]

An update:

 

One of the CCA results is that Credit security came back with a letter saying, to the effect,

 

"We are no longer dealing with this account.

Please do not send any payments to us.

All further correspondence should be sent to client."

 

(it was a santander debt)

 

what now?

wait for santander to contact me?

 

have credit security resold the debt back to santander?

 

will santander want the full debt back,

r will they be more likely to accept a reduced offer?

 

by the way,

credit security did not respond to my request CCA,

in that they did not send me proof of the ownership of the debt,

merely that they dont want any more payments from me!

 

so, what next?

[fletch70]

Well I would almost certainly say that CS never did own the debt, they were just collecting it for Santander.

Wait until you hear from them, then if they haven't complied with your CCA request reply with a non compliance letter. i.e on xxxxxx I sent a request under S77-79. To date I have not had a reply , as such the account is unenforceable

[dx100uk]

An update:

 

One of the CCA results is that Credit security came back with a letter saying, to the effect,

 

"We are no longer dealing with this account.

Please do not send any payments to us.

All further correspondence should be sent to client."

 

(it was a santander debt)

 

what now?

wait for santander to contact me?

 

have credit security resold the debt back to santander?

 

will santander want the full debt back,

r will they be more likely to accept a reduced offer?

 

by the way,

credit security did not respond to my request CCA,

in that they did not send me proof of the ownership of the debt,

merely that they dont want any more payments from me!

 

so, what next?

 

i'd be starting a new threat for each debt

in the named forum of the original creditor

off the main forum tab

 

as each reply come through

 

else this thread will be getting mighty complicated.

 

dx

[bright_future]

Not been here for a while.

Need to re-address situation and restart process.

 

I have 3 different creditors, but the debts have come to the same DCA, Fredericksons.

 

Just curious to know whether it is an advantage or disadvantage to have a number of different debts with just 1 DCA?

 

Does it give the DCA a stronger hold over you, or does it give you bargaining power over them?

Or does it not matter?

(paying the token £1 a month for all 3)

[gregs07]

Just be vigilant if the can get the debts over £750, bankrupcy threshold the likes of lowell will try and stick a stat demand on on you, especially if you own your home.

[dx100uk]

CCA each debt.

 

 

dx

[bright_future]

received a letter from solicitors wilkin chapman.

the client is arrow global guernsey limited.

 

"we are attempting to contact, .... regarding a personal matter, ....." etc

 

It is named to me and my address.

 

I thought all my debts were being handled by other DCAs, and I am worried why they would try to contact me if I am dealing with all my creditors.

 

I wonder if one of the debts has been off-loaded to arrow global.

 

There is nothing in the letter to indicate it is a debt, or if so, which one.

 

Feel intimidated the contact is coming via a solicitor, rather than arrow global themselves.

If solicitors are involved, does this make it more serious?

 

Should I call them and establish the reason why they want to contact me?

[citizenB]

Have you not received any Notice of assignment from Arrow Global advising they have purchased one of your debts.

 

You say you are "dealing with your creditors" in what way are you doing this.. making payments ?

[bright_future]

not had any Notices.

 

I am dealing with them in the sense I am paying token amounts, and trying to get Full and Finals or any way to discount the debts.

[bright_future]

just checked my noddle report.

 

arrow global showing under 2 debts!

showing "default" going back to earlier in the year.

 

I dont understand. I have been paying some other DCA all this time?

 

wish they would tell me!

need to print off, and re-assess.

[bright_future]

What does "settled" mean on my noddle report?

 

I have 2 debts described as such.

 

Have they been written off?

Have they been sold on?

 

How do I check?

[Guest]

check your records, have you paid off/settled any debts

 

if sold on, then original creditor might mark it as settled, new owner wld then put their name on it

[bright_future]

thanks for that.

 

i have another thread about arrow global.

i suspect the "settled" accounts have been bought by arrow.

[Guest]

ok.

ensure though that any new owner does not reset any default dates to the date they bought it. and make sure any entries are accurate.

original creditors mark shld disappear

[catquest]

Some original creditors mark it as settled, but leave it on , others remove the entry.

[bright_future]

Just been thinking about the old "conversation being recorded for training purposes".

 

Can you ask for a transcript of the call?

Just wondering if you do actually call a DCA (despite the advice of the forumites not to!), can you start the conversation by asking if call is being recorded, and that if so, you require a transcript of it?

[dx100uk]

yes

but the simple advice is NEVER EVER phone a fleecing DCA.

 

 

dx