Bluestone Credit Management - old satans bank car finance 'debt'

[hudsonhicks]

Back in 2010, when i was young and stupid, i bought a car on finance for £19k with Santander Finance..

 

I became unemployed a few months later and defaulted on the monthly payments a few times.

The debt was then passed on to Bluestone credit management.

 

Up until now, i've gotten away with paying BCM only £10 a month,

however i'm hoping to join the armed forces soon and i'm worried about how things will play out

because BCM like to contact me via phone call for a "review" every 6 months

and it's likely i'll be away when they phone up.

 

If they found out i'm a single male with no dependents in the armed forces they'll want a huge chunk of my salary.

 

 

This debt is the only thing that's putting doubt into my mind regarding a new career and a fresh start.

 

Is bankruptcy an option?

 

 

I could wipe the slate clean and start a fresh?

[fkofilee]

Why go bankrupt on a debt like this??

Its one debt. They are a no powers DCA and going bankrupt for this isnt worth it. I would suggest it on higher amounts but its a long process.

You dont have to give them anything else more than what you can afford. If they ask questions, dont answer them.

 

I would just for measure send a £1 postal order and check they have CCA Agreement via a CCA Request, If they dont well.... Then you dont pay

[renegadeimp]

If the OC has sold the debt on, especially a debt of that amount, you really need to be asking questions. A simple CCA request is more than enough to see where you stand.

[dx100uk]

90% of these sold to bluestone are dodgy to say the least

 

 

you need to STAY OFF THAT PHONE.

 

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?388709-SANTANDER-car-loan-issues-being-nasty-now-sold-to-bluestone-close-credit-management&highlight=bluestone

 

 

use the search of the top grey toolbar far right

 

 

type in

bluestone

 

 

and go read & read.

 

 

then comeback and tell us the full story.

dx

[hudsonhicks]

Thanks for the advice everyone, I will definitely do the CCA Request.

 

I remember back in 2011 they sent an 'agent' round to my house in a desperate bid to make me give them the car.. they'd sell it for approx 11k and still make me in debt 8k.

 

I refused, sold the car and used the money for other things :razz:and a few months later they sent a letter to me offering a reduction of debt to 10k..

 

They shot themselves in the foot.. i would have given the car to them if they'd had written off the whole lot but they were greedy

[dx100uk]

in the meantime

unless you have all the statements

get an sar off to satans bank

 

 

dx

[hudsonhicks]

in the meantime

unless you have all the statements

get an sar off to satans bank

 

 

dx

 

 

I don't know my account number for the santander agreement.. can they just use my name and address and pull relative info from that?

[dx100uk]

you don't need it.

 

 

have you moved since taking it out?

 

 

dx

[colin11]

When you join the Armed forces, they will run a credit check on you

 

if you have debts that you cant pay, they may reject your aplication

[hudsonhicks]

Does it sound right that Bluestone AND Santander have listed as default on my credit report?

[fkofilee]

Yes, only if they are transferring the debt. Are there 2 entries with the same default date etc?>

[mch1991]

 

I refused, sold the car and used the money for other things :razz:and a few months later they sent a letter to me offering a reduction of debt to 10k..

 

I always thought that selling a vehicle that is on hire purchase is asset conversion fraud? As you don't legally own the vehicle until the final payment, further more this could lead to the purchaser of the vehicle having it repossed and left hugely out of pocket.

[hudsonhicks]

I always thought that selling a vehicle that is on hire purchase is asset conversion fraud? As you don't legally own the vehicle until the final payment, further more this could lead to the purchaser of the vehicle having it repossed and left hugely out of pocket.

 

It wasn't HP... else i would never have gotten rid of it due to the hpi marker.

 

It was some kind of Santander Car Loan i took out.