70% settlement ..old cat debt been round the houses too

[AbigailLouise]

I recently wrote of to akinika to settle a debt I have with them,

 

I was a little cheeky and asked if they could reduce my debt by 70% (previous debt companies have done this with me in order to settle my account quickly )

 

instead of paying £212.21 I would pay £65, they sent me a letter back saying this is "not acceptable, however our client would accept £180.37"

 

They have also asked for a breakdown of my income & expenditure which I have typed up for them,

after I have paid everything out (rent, council tax, gas electric) I am left with £0 a month.

 

I am currently a full time carer for a parent which I have stated in the letter so for now

(due to being made redundant) I am not working and my income is all accounted for.

 

What action can they take now ?

 

I physically have no money to set up monthly payments to them,

 

I am only able to pay the £65 as a family member is willing to pay this for me,

 

but due to them being retired and on state pension they can not afford to give me £180.

 

Can they take me to court ? If so, does the fact that I offered to make a settlement payment count in my favor ?

 

How much should I have offered to pay them ?

 

Any key information that I should add in my income & expenditure letter ?

 

** This account is for JD Williams for a catalog**

 

Thank you

[renegadeimp]

If they are acting on behalf of acient, bypass the dca and deal with the oc.

 

Chances are the oc will accept a reduced settlement as long as you put certain conditions on it, but the dca wants money from you as well.

 

You shouldnt be sendinv a dca any of the info you havem they have no right to see it or even do anything with it. Forget tbe dca and deal with the oc. Youre on the verge of being marked gullible and becoming cash cowed.

 

 

Have you reclaimed any insurances or late fees?

[AbigailLouise]

The day I received the letter from akinika I also relieved one from "Hoist portfolio Holdings 2 Limited - J D williams" Telling me that all payments are to be made to akinika ( this letter was dated the day after the akinika letter)

They are clever at covering their tracks

[dx100uk]

I really hope you have sent all your dbt collectors a CCA request?

 

you appear to blindly be accepting a DCA has magic powers to demand money from you.

 

of aany's [iQOR] have the debt 9/10 its spoof and you are being cash cowed

 

as pointed out by the fact another DCA is trying their luck at mugging you.

 

dx

[AbigailLouise]

I sent a CCA letter to akinika ( plus the £1 fee) I received a letter from them on 20/06/14 saying

 

"The matter has been transferred to our client. On receipt of their comments, we will contact you again to advise accordingly"

 

It has now been 24 days and I have still not heard anything from them. What would be the best course of action to take as instead of "Letting sleeping dogs lie" I would like the debt cleared from my file. I am thinking of writing to them again, what information should I include in this letter ?

 

Thank you

[dx100uk]

no cca does not mean the debt gets wiped

 

tell us the full story please

[dx100uk]

two threads merged

 

please keep to one thread per debt.

 

until/if they ever find the CCA they can do nothing.

 

just send scary letters.

 

dx

[AbigailLouise]

So until/if they find the agreement and demand payment is there no way I am able to clear it of my file ?

They make it so hard to clear debt unless you just willingly hand over the money ( which is what I nearly done)

[dx100uk]

nope waste of money

 

unless you can prove the default is invalid

by say penalty charges

 

then it stays for 6yrs then the whole debt vanishes

 

but that doesn't mean its not poss owed.

[AbigailLouise]

I have been in dispute with Akinika debt recovery regarding a debt they had taken over from Jd williams,

I requested a reduced payment off of £66 which they said no to,

 

 

so I requested a copy of my credit agreement which they failed to supply.

So with help from a solicitor friend I wrote them a second letter saying if they do not accept my offer of £66

then I may be forced to take out an IVA which would result in them getting considerably less

then the full amount and less then my offered amount.

They failed to reply to this letter ( sent 1 month ago)

 

Then today I get a letter from akinika saying they no longer handle my account and it has been passed back to JD williams.

What does this mean now ?

as I never knew they could give my account back to the original lender ?

 

What is the best course of action to take in regards to settling this debt ?

( they are also sending my fee for the request of my credit agreement back, but this will come at a later date)

[Bazooka Boo]

Are you currently paying anything to them?

 

When did you take this out?

 

How much do you owe?

 

Have you reclaimed any fees and charges?

 

Ignore everyone except for the catalogue, deal with them direct, and in WRITING or email ONLY.

 

Never discuss this over the phone with them.

 

Check your credit file too.

[AbigailLouise]

I am paying nothing to them at the minute as I want to try and settle the account in 1 go

It was taken out in 2010

I owe £212.21

I have claimed no fees or charges ( never knew I could, or how)

I did receive a letter from the catalogue back in July saying Akinika own the debt, now Akinika have said Jd williams own it

It does show on my credit file

[Bazooka Boo]

OK how much of that figure is made up of fees/charges??

 

Regardless of whether you pay it in one lump sum, a £1 a month, or not at all, the default will remain on your file for 6 years.

 

This is NOT a priority debt by any means, and can quite legally be paid at the minimum token payment of £1 a month, especially if you're on benefits.

 

Have you got a breakdown of that figure?

[BRIGADIER2JCS]

I am paying nothing to them at the minute as I want to try and settle the account in 1 go

It was taken out in 2010

I owe £212.21

I have claimed no fees or charges ( never knew I could, or how)

I did receive a letter from the catalogue back in July saying Akinika own the debt, now Akinika have said Jd williams own it

It does show on my credit file

 

 

Akinika never owned the debt I suspect and were just acting a collecting agent

 

 

Send a CCA request to the original creditor.

[AbigailLouise]

I have an old debt with Jd Willams for £212.21

 

 

I have literally gone round the houses to find the right "owner" of the debt

 

 

it has been passed from JD Williams to Hoist to akinika and now back to hoist,

 

 

I wrote to akinika asking if they would accept a 70% reduction settlement payment resulting in me paying £65,

 

 

they refused this offer even though I sent a I&O form,

 

 

2 days after refusing the settlement offer the wrote to me saying they no longer own my debt

it had been passed onto another company but never said who,

 

 

I contacted JD Williams directly who informed me the debt had been passed back to Hoist.

 

I sent them a letter the start of September with my proposed settlement offer,

they ignored me,

 

 

I am currently in the process of sending them another letter asking them to accept my settlement offer.

 

I am worried that a 70% reduction is me being cheeky,

 

 

do they have to accept what your offering ?

 

 

Is there a minimum offer you can make ?

[dx100uk]

you have ofcourse sent whoever is after money out of you a CCA request?

 

 

and this debt IS showing on your credit file?

 

 

settling a debt does NOTHING for your credit rating either.

 

 

why are you so intent on settling it?

 

 

if the OC sold it

then 9/10 there is stuff to reclaim

like PPI/PENATLY [£12] charges

or theres an issue with paperwork which makes it unenforceable.

 

 

anyone looking to settle a debt

really should go thru the correct route first

 

 

could save you £1000's.

 

 

dx

[dx100uk]

old and new threads on same subject merged

 

 

why are you asking the same questions again...?

 

 

dx

[AbigailLouise]

It is showing on my credit file yes,

 

 

I did ask akinika for a copy of my credit agreement

but they sent me the letter telling me they have sold the debt back to hoist.

 

I am not so much set out on settling it,

 

 

I would just like to slowly get rid of my debts and

 

 

at this moment in time monthly repayments or paying in full are not an option as I can not afford to do so.

 

 

I am lending the money from a family member in order to settle the debt.

 

How would I go about finding out why they sold it?

 

 

If there is an issue with the paper work ?

 

 

I am guessing they don't hand this information out willingly

[AbigailLouise]

I honestly wasn't aware I had asked this question before. I am that snowed under with debts and financial issues I have lost all sense of control. Which is partly why I would like to settle it so it is not another company I owe money too.

[dx100uk]

its obv you have been cash cowed to me

 

 

and as soon as you question the legality of them accepting your past payments

the relevant DCA runs away

as they don't want you suing them.

 

 

NO CCA = NO PAY.

until/unless someone finds your signed credit agreement

then you owe no-one anything.

 

 

a DCA can write all the pretty threatening letters they like

to try and spoof people into paying a supposed 'debt'

wont do anything for your credit file

wont do anything to stop them selling the rest of the debt on once you've PS'd with them.

 

 

and ofcourse you've now acknowledged any debt by paying a short settlement

[dx100uk]

I honestly wasn't aware I had asked this question before. I am that snowed under with debts and financial issues I have lost all sense of control. Which is partly why I would like to settle it so it is not another company I owe money too.

 

 

but they will

they'll sell the remaining debt on

and you've now acknowledged it by paying a reduced settlement.

 

 

IMHO you have gone about managing your 'debts'

and this 'windfall' poorly.

 

 

and p'haps wasted lots of money in the process

 

 

DCA's ARE NOT BAILIFFS

and have

NO SUCH LEGAL POWERS.

 

 

it is very honourable that you are paying your debts

and you are extremely lucky to have someone to fund the exercise

byt...

 

 

you need to do it properly

or else they will comeback and bite you again.

 

 

please list you debts and we will help you.

 

 

dx