Hello,
I'd appreciate any advice on how to settle two large debts I have.
I have hopes (probably a dream!) of moving later this year so I'm trying to sort out my credit record as best I can. I've tried not to appear too desperate that I want to clear, and have only been writing approximately once a quarter.
The first is with Capital 1 for about £11k. I've requested copies of the CCA and I know that it is not enforceable. I haven't paid anyone a penny on this account since the end of November 2009. After about a year of the usual debt collection merry go round the debt stopped being chased. It wasn't then until I suggested a settlement they chased again. I was offered 50% but believed I could do better. I then received a letter saying the debt was going back to Cap1 so I wrote to them again to try and settle and was told that my debt is about to passed to an agency (again). This was a few months back and nothing.
The second debt is an old egg loan, now with Wescott for a similar value. Prior to Wescott this was with Arrow and I was offered a settlement of about £3k (a figure Wescott now reject :( ). I know from the relevant requests that this is enforceable. As such I pay a token amount each month. I have provided proof of earnings to show that I cannot pay more.
Any advice appreciated as it will be refreshing to get these monkeys off my back :)
Mr J.
I'd appreciate any advice on how to settle two large debts I have.
I have hopes (probably a dream!) of moving later this year so I'm trying to sort out my credit record as best I can. I've tried not to appear too desperate that I want to clear, and have only been writing approximately once a quarter.
The first is with Capital 1 for about £11k. I've requested copies of the CCA and I know that it is not enforceable. I haven't paid anyone a penny on this account since the end of November 2009. After about a year of the usual debt collection merry go round the debt stopped being chased. It wasn't then until I suggested a settlement they chased again. I was offered 50% but believed I could do better. I then received a letter saying the debt was going back to Cap1 so I wrote to them again to try and settle and was told that my debt is about to passed to an agency (again). This was a few months back and nothing.
The second debt is an old egg loan, now with Wescott for a similar value. Prior to Wescott this was with Arrow and I was offered a settlement of about £3k (a figure Wescott now reject :( ). I know from the relevant requests that this is enforceable. As such I pay a token amount each month. I have provided proof of earnings to show that I cannot pay more.
Any advice appreciated as it will be refreshing to get these monkeys off my back :)
Mr J.
Advice on settling Egg (Wescott) and Cap1 debts
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