Friends Multiple Unsecured Accounts and one Secured Loan

[comebackjimmy]

Hello

 

A close friend of mine and his wife have about a dozen unsecured accounts they are servicing via a Stepchange Debt Management Plan. They are both struggling both financially and with a bereavement in the family.   These are various credit cards, catalogue and Debt Buyer accounts.

 

Also, he has a secured loan which he is paying normally.

 

I have assisted him by writing multiple CCA Request letters using the CAG provided templates.

 

One of the creditors has already returned the Postal Order and forwarded the request to the original owner of the account (ha ha), and I expect a few more to follow.

 

I also used the template to produce a letter for the secured loan but I advised him not to send it because I am not sure if the letter applies to Secured loans.

 

I would be grateful if any CAGers can advise if:

 

a). the letter applies to secured loans and if so whether it is possible to stop paying a secured loan until such time as an agreement is produced by the Creditor.

 

b). the best way to handle the Debt Management Plan if there is an intention to stop payments to Creditors not coming up with valid agreements

 

Many thanks.

[AndyOrch]

A)Yes 

 

B) close it down with stepchange and wait for the responses....start a thread for each debt and upload what you receive then we will advise further.

 

Andy

[comebackjimmy]

2 minutes ago, Andyorch said:

A)Yes 

 

B) close it down with stepchange and wait for the responses....start a thread for each debt and upload what you receive then we will advise further.

 

Andy

 

Thanks Andy.   Will pass that info on and follow through with multiple threads as they arise.