advice re ffs offers

[debthelp2014]

Hello Everyone.

 

I was made redundant 2012

- stopped paying all my bills

- first time in debt and a big mess,

 

I wrote to everyone when mum died and i was given a few thousand pounds,

 

I offered small ffs offers to everyone based on calculations i found on this site

- only one who accepted was a debt collection company on behalf of flybe credit card they accepted 25% of balance

- the rest ignored me or said no they wanted full payment.

 

I went into deep depression and never communicated again with original creditors until

 

last month I contacted them all again

 

- they now all sold to debt agencies

 

- some wrote back and said to contact the collectors instead others ignored.

 

I contacted the new agency dealing with flybe card (now lowell) they said the 25% offer is expired lowell want full amount.

 

I dont have full amount

- I have 20k of unsecured debts

(all were paid regular until redundancy)

none have been paid since then in 2012.

 

I still have inheritance of just over £4000.

Im desperate to get out of debt.

 

just wondered how it stands re one company accepting the 25% offer wil that still stand or like lowell says no its expired.

 

Any tips other than the standard letter templates to resolve the issue and offer ff offers or should i offer £5 a month till i find employment again?

 

original creditors not wanting to communicate atall

 

- debt agencies are now wescot, lowell and capquest what is my chances here?

 

any help gratefully appreciated

[dx100uk]

hi and welcome

 

firstly

 

never phone or discuss your debts to a DCA

 

they'll fleece you blind

 

its admirable that you want to pay your debts off

 

but

 

how do you know they even legally hold the correct paperwork to demand money from you?

 

i'd be sending a CA request to anyone that's asking for money or holds a debt of yours.

 

if you pay a short settlement

all you'll get is a partial settlement marker on your credit file.

 

that leaves the rest open to be sold on and further demanded by the next debt buyer.

 

have you looked at your credit file?

 

do all you debts SHOW?

 

more info required before you waste anymore of that money

 

dx

 

dca's are NOT BAILIFFS

and have no such legal bailiff powers.

 

if anyone is offering you a discount

 

that usually means there is something WRONG with thedebt.

 

PENALTY charges

 

PPI

 

they'll be something there to reclaim

 

and prob a lot more than 35%!!

 

dx

[debthelp2014]

Thankyou for the replies!,

 

One agency accepted 25% of my balance on my Flybe credit card but I didnt pay it and

now it sold to Lowell they not willing to accept the lesser amount.

does these offers expire?

I would like to just pay it

 

Im in Scotland so we dont get bailiffs but

 

I just dont want to owe money ,

i want to try and get everyone paid to save these letters coming every day.

 

I offered Bank of Scotland loan (no ppi etc on it) a settlement of £507 - debt is £3200,

 

I received a letter to say they no longer dealing with it but they passed letter onto First Source solutions

and they are willing to accept £1025,

 

If I pay that then I t will look like I have favoured one creditor over the other,

but I desperately want to start clearing these now.

 

any advice on how i proceed?

thank you x

[dx100uk]

go get you credit file.

 

and give us a list of these debt

who owns them

when the were taken out

what type of debt.

 

and if you are using the phone - don't!!