Need to make final payment offers after years of paying my debts off - can no longer afford them..

[comebackjimmy]

Dazza a few months ago I discovered a good friend of mine who had ten debts with cards and catalogues which he was slavishly paying off at detriment to his own family quality of life, and I mean hardship, not just absence of second holidays or flat screen TV's.

 

I wrote to all his creditors asking for supporting documents and not one could provide any material that would allow them to enforce the debt.

 

As a result he stopped paying and they have been unable to do anything, one even admitted it was unenforceable.

 

If circumstances have got to the point where you are finding it unmanageable you must ask yourself why you feel the need to pay.  I guarantee you that these companies have built bad debt into their business model and no one over there is losing any sleep over your debt to them!  They will see you as a victim and cash cow and they will be reluctant to discuss final offers, only ways to keep you paying with threats of court action or seizing your assets if you have any.

 

They are not your friends and you owe them no loyalty or moral duty, that must remain only for yourself and your family.

 

If it was me I would send them all a CCA request.   I would bet that not one will provide the correct response and you can quite legally stop paying them until such time as they do provide a response.   Even when they do you should check back here as they mostly send dodgy photo copies or generic rubbish that has no connection with your supposed debt.

 

The money you are paying them should, as far as you are able, be put to a savings account for yourself and as a means of paying of one of these fleecers should they ever manage to get to to the point of a successful court judgement.  After six years they will not be able to start court action and that money will then become yours.

 

They will of course pursue you for the funds and pass your file around various departments of their business and out to third parties.

 

Your response is that you should treat it as a hobby.  I have numerous files of correspondence each faithfully organised showing the various letters from different DCA;s , solicitors etc with a mix of threats, inducements and offers.   It is like my stamp collection and I show it to anyone who is interested!

[comebackjimmy]

Bank fodder you are forcing me to go out to my car and find my wallet so I can punch in my card numbers.  Not even my thread!

[comebackjimmy]

I sent a tenner Bankfodder. My friend is not going to do it, he is hanging on for grim death just now.

 

I am hanging on for Death but not the grim part so welcome to my tenner.

[comebackjimmy]

No need to be embarassed Bankfodder.  I get an enormous amount from this site and happy to contribute a bit of dollar along with the occasional encouragement to needy people.