Where do I stand

[mje669]

Hi

 

I've been paying halifax, cap1 and marble a minimum monthly payment via DCAs for quite a few years now. Ideally I would love clear these, be debt free and have a useful credit rating at some point.

 

I have some original lender and DCA correspondence but not the original contracts.

 

 

Are the debts now owned by the DCAs and therefore have nothing to do with the original lenders anymore?

 

Are SARs a good starting point and a useful thing to have?

 

Regarding the above will the SAR go to the original lender or DCA?

 

Never considered it until now but can I still do a PPI claim if it's owned by a DCA?

 

Thanks

[dx100uk]

well CCA request to each first to whomever is currently cash cowing you

 

 

if you can see there is PPi

then an SAR to the OC is the way to start PPI reclaiming

[lookinforinfo]

You send the SAR to the original creditors but you CCA any DCAs.

Yes you can reclaim your PPI and go for charges too under the hardship criteria.

 

The SAR will be ideal for reclaiming PPI and pinpointing other charges that you may be able to reclaim from either the original creditor or the DCA if the debt has been assigned to them.

 

If the DCA is unable to produce your original agreement you may decide to stop paying them until they can produce.

 

It would help if you could give us the names of all involved and the respective amounts outstanding, as well as when they were taken out.

 

Are you thinking of offering to pay off the debts at a discount as a full and final payment?

[mje669]

Thanks to both for the replies.

 

I'm hoping my work situation may improve in the next few weeks but nothing's confirmed yet.

If all works out I may be in a position next year to clear all.

 

Will paying as a discount or in full improve my credit rating the same and will I start a fresh straight away?

 

Marble/capquest £1292

Capital 1/Cabot £3805

Halifax credit card/Cabot £1777

Halifax loan/Cabot £4240

 

I don't have the original contracts but the oldest DCA letter I have is 2008 so it goes further back than that.

 

So the cca will detail basic info, original contract, debt purchase document, PPI confirmation and the SAR is more detailed, including all charges and communication history?

 

I presume these will never be 'statute barred' as I've been in contact)paying them.

 

If the DCAs can't produce then the debt is no longer enforceable?

 

Thanks

[dx100uk]

1st lets just revisit one point.

the reclaiming goes against the original creditor not against the DCA's.

 

 

as for all of your debts

get a CCA request off to each dca.

read the full CCA thread

 

 

as for reclaiming

you'll need to send each original creditor an sar to get all the statements.

 

 

paying off the debts WILL NOT improve your credit rating,

 

 

what are the defaulted dates on each?

as that is there for 6yrs and then the account will vanish

regardless to if being paid or not or settled or not.

makes no odds.

 

 

dx

[mje669]

I've got dca letters for cap1 starting at 2008,

the others were taken out around similar times

so they all defaulted at least 8 years ago.

I'll check this tomoro.

 

If the 6 year default is so how do I proceed?

 

How do I improve my credit for a mortgage?

 

Dx,

your point about the 6 year default not mattering whether or not I've made payments but ive just read that this only applies if no payment has been made?

[dx100uk]

if a debt was defaulted more than 6yrs ago it should not be showing on your credit file.

 

 

there is NO LINK between defaulted date and SB date.

 

 

dx

[brassnecked]

Preswumably you have checked your credit file, via Noddle or Clearscore etc? those defaults shouldn't be showing probably.