been paying Wescot since 2008 - now want partial settlement -MBNA 'debt'

[rowyourboat1]

Hope this is posted in the right place...

 

I have a debt that has been with Wescot since 2008.

 

 

I’ve paid this monthly since the debt being with them but I’ve got some cash to make a settlement offer now.

 

 

Original balance was around £10k, now down to around £6k.

 

 

They have said they will only do a partial settlement of £3k but won’t sell on the debt to anyone else or chase me again for this debt.

 

I have a couple of questions:

As the debt is old I assume the default is off my credit rating anyway so having partial rather than full settlement won’t make a difference?

 

What is to stop the original creditor,

they apparently got agreement for settlement amount from Arrow Global,

it was originally an MBNA debt, to chase me again for this?

 

I’d really like to draw a line under this debt and not have it hanging over me each month.

 

 

Any help much appreciated.

[dx100uk]

have you even sent the fleecers a cca request?

 

 

tell us the full history please.

 

 

dx

[rowyourboat1]

Thanks for your reply.

 

 

No, I have never sent a CCA request,

sorry I'm not very in the know about these things.

 

 

I have just read up on it though,

 

 

shall I send that now before thinking about settlement?

 

Thanks

[dx100uk]

YES

 

 

and the same for ALL your debts you are blindly paying to any DCA's.

 

 

they are NOT BAILIFFS

and have

NO SUCH LEGAL POWERS.

 

 

sadly many people get fleeced by falling for their threat-o-grams.

 

 

we call it cash cowing.

 

 

anyone that has blindly been paying a debt off for numerous years without questioning the LEGALITY of their demands

by requesting the CCA ... its probable they are being cash cowed.

 

 

dx

[rowyourboat1]

Ok thanks, this is the only debt I am paying to a DCA. I will send the letter asap and await their response and then update this thread.

 

Thanks for your help.

[dx100uk]

good move

 

 

don't forget

 

 

LEAVE THE £1 PO BLANK

and don't sign the letter either!

 

 

if you print off the CCA request

and pop it in the envelope

 

 

all you do is pop a stamp on it

 

 

gotto the Post office get the £1 PO

pop it in

seal the env

and give it back over the counter

that way you'll get FREE proof of posting too

 

 

that's all you need

 

 

dx

[rowyourboat1]

Brilliant, will be going to the post office tomorrow.

 

Cheers for your advice.

[rowyourboat1]

Hi

 

I sent the CCA request to Wescot and have received a letter from Arrow Global saying that the request was passed to them from Wescot on 22nd December (Wescot would have received around the 9th Dec). AG wrote that they acknowledge the request and say they will process the request with the original creditor and reply.

 

PO has been sent back and they also say "all collection activity will be suspended pending provision of the documentation"

 

 

I have a few questions if you're able to help please?...

 

Is this pretty standard correspondence?

How does this affect the timeframe - Is it 12+2 days from when Wescot receive the CCA request or have AG bought themselves more time?

I usually make payments to Wescot monthly - shall I stop doing this?

 

Thanks

[Andyorch]

I have a few questions if you're able to help please?...

 

Is this pretty standard correspondence? Yes

How does this affect the timeframe - Is it 12+2 days from when Wescot receive the CCA Requesticon or have AG bought themselves more time? No

I usually make payments to Wescot monthly - shall I stop doing this? Your choice but whilst they are in default there is little they can do...I personally would be paying a £1 a month

 

Regards

 

Andy

[rowyourboat1]

Thanks for the quick reply. Can I just change my payments to £1 a month? Or will this cause issues as I have a £20 a month payment plan in place?

 

Thanks

[Andyorch]

Of course...but you must appreciate that the action you are following by making a CCA request and then reducing any payment plan could result in Arrow litigating the agreement...this is a possibility that you must consider before proceeding.....but then they may not.