Money Village taking over from spectrum letter

[terryduff]

Hi there I got a letter from Money Village the other day

 

to say they were taking over from spectrum financial protection,

 

I hadn't heard of them for 8 years

 

Money Village want a statement of affairs

 

should I just contact them and do this,

 

I'm dubious because it's been such a long time with no contact

 

Thanks

[dx100uk]

so you are not in any DMP with them?

 

dx

[terryduff]

so you are not in any DMP with them?

 

dx

I think and I will check it was or is an IVA

[dx100uk]

well if its done and dusted years ago

makes no odds

 

unless they fleeced you out of insurance or something?

 

dx

[terryduff]

I don't know if its done and dusted heard nothing in 8 years been paying for at least 9,not sure where I stand

[dx100uk]

so it cant be an IVa that's short term

 

so you have and are in a DMP with these fleecers

 

STOP PAYING.

 

dx

[terryduff]

Will I not get defaults if I do that?

 

It was an IVA I'm sure

 

the idea was sold as pay for 5 years then get a loan to pay off the creditor s from.them,

 

would you say I should get my credit file and contact who I owe directly?

Thanks

[dx100uk]

something is not right here

 

on an iva the debts are wiped out after it finishes

 

there is NO requirement for a loan

to soak up the ones that are not paid

 

sorry but to me it sounds like you've been had

 

which is something not unusual for these companies.

 

so you have NO paperwork anymore?

 

dx

[terryduff]

Oh no I don't like the sound of that,

my ex wife may have it but I very much doubt it

[dx100uk]

send them an sar

 

how much are you paying them PCM?

 

dx

[terryduff]

Not much as money it right

 

around thirty quid including what the company takes

 

and what's paid out,

 

is it worth me looking at my credit file

or will it cause me further issues?

 

Starting to get worried now

[terryduff]

Been paying £1 pcm to each creditor since 06/2007

 

I was paying more before but no idea of amounts of duration

 

,or rather I was paying spectrum to pay them

 

then they were taking £17.63 so a total of ;£26.63 a month

[dx100uk]

oh got not ruddy spectrum!

 

I didn't spot that earlier

[dx100uk]

are you actually getting any statements from them past or present

 

do you actually know what debts are being paid thru them?

 

quite honestly id be dumping them

[terryduff]

I can see why that would be a good idea,is getting a look at my credit file worthwhile? As I have no idea who has the debts some where with dca's but other ones weren't,I have had no contact from any creditors or dca's for at least 8 years maybe more

[dx100uk]

IF it was an IVA [which I doubt!!]

the maximum for one of those is 7yrs

[terryduff]

Do you think sending the SAR is my best option in the circumstances?

 

It was definitely sold as an IVA

 

LOOKING back I was very nieve

 

they came to the house and told us to pay them for 3 months instead of the debts

 

and they would deal with it,

 

phone calls never stopped work and home it was a nightmare,

[dx100uk]

yes an SAR

 

if it was an IVA

 

you'd have never heard from the creditors again or during

 

and you'd have gotten a charge off or completion cert I believe

 

once the IVA was completed all the debts would have been ended

 

sar is a must

 

dx

[terryduff]

Thank you and I send that too Money Village?

[dx100uk]

if they've taken things on yes

 

any chance we can see that letter?

 

**you can post up images/letters by this method immediately..you don't need 10 posts**

.

set your default scan page size to A4 less than 300DPI [150 will do]

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

'

BUT......

ENSURE: remove all pers info inc. barcodes etc

but leave all monetary figures and dates.

.

************************* ************************* *******

{DO NOT USE A BIRO OR PEN OR USE SEE THRU TAPE OR LABELS]

************************* ************************* ***********

.

DO IT IN MSPAINT.EXE or any photo editing program

goto one of the many free online pdf converter websites ...

http://freejpgtopdf.com/

http://www.convert-jpg-to-pdf.net/

..

if you have multiple scans/pics

put them in a word doc FIRST and convert that to PDF

or http://www.freepdfconvert.com/

or

use www.pdfmerge.com

 

convert existing PC files to PDF [office has an installable print to PDF option]

..

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

or use Primo PDF.

.

try and logically name your file so people know what it is.

though DONT USE BANK NAMES or CAG in the title

i'e Default notice DD-mm-yyyy

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

...

YOU DONT have to put a link to the attachment in the msg box..just upload it ..job done

you can click on your links to check them too!

.

dx

[terryduff]

Just got a letter from a company called EpertoCredite wanting me to do a review also I owe them 13523.18, I'm shocked I am being conyevted after all this time

[dx100uk]

you need info.

 

don't worry about the threat-o-grams from DCA's

read them carefully.

thy never say will anything

dx

[sequenci]

Spectrum used to sell DMPs and, as far as I understand it, told people that the only lasted a finite period of time. An IVA is an insolvency-based court order, they are very binding, I have never come across Spectrum doing IVAs (I work in the industry).

 

As DX has said, you really need to investigate this.

[terryduff]

Just got a letter from a company called EpertoCredite wanting me to do a review also I owe them 13523.18, I'm shocked I am being conyevted after all this time

[terryduff]

Marvellous I have a feeling I've been had,it was definitely said to us it was an IVA but back then I didn't know anything except I was struggling and never looked into the options properly,I'd never heard of an IVA un till he told us about it,5 years payments and a ff settlement was what he said,I can feel the stress levels going through the roof already,would you recommend me looking at my credit file? I'm going to send SAR to Money Village but do I send one to the expertocredite also or cca only?