Page 1 of 3 123 LastLast
Results 1 to 20 of 47

Thread: Can I get interest frozen on my debts?

  1. #1
    AAD Enthusiast
    Carley's Avatar

    Join Date
    Mar 2013
    Location
    Peterborough
    My Posts
    23
    Thx Rec'd
    96
    Thx Given
    26
    Blog Entries
    0
    Last Online
    5th January 2014 @ 18:06
    Forum Reputation
    4
    Hi Carley, Have you subscribed to our Newsletter yet?
    Hi Carley, If you're happy with our service why not make a small donation?
    Carley has Donated to the Forum!

    Default Can I get interest frozen on my debts?

    Hi

    I'm new here, only found this site on Friday as recommended by a friend of mine who received some valuable help here last year. I have been reading and am gradually making my way through the wealth of information there is here but I have a question which I need to ask to hopefully help get me on my way to paying off two debts which are a huge concern to me. The amounts are not huge but I am on a low income due to disability and these debts worry the life out of me. I really just want to get them paid off as soon as possible. My question is this: Is there any way I can get the interest frozen on these two debts?

    First one is Vanquis Bank (credit card), amount owed 1278.82. My monthly repayment on this at present is 57.54 and the interest charged per month is approx 47.86

    The other is a Fifty Plus account, amount owed is 545.00 and I have an arrangement with them to pay this off at 26.00 per month (through Reliable Collections which I think is still Fifty Plus), but the interest per month on this is 15.50.

    At this rate I am never going to get them paid off

    I do have a couple of other debts with MBNA (Virgin Credit Card) which I pay 25 a month to and also Capital One, also a credit card which I pay 15 a month to, but with these two the interest stopped once I had the payment arrangements in place so at least what I pay is being offset against the money I owe.

    Although I am in receipt of DLA, I am terrified that with the governments new PIP coming in at some point that I may lose some of my disability payment despite my medical condition, especially with some of the horror stories you read and hear about in the media with the way they are assessing people. I am desperate to pay off these debts as early as possible because the future is so uncertain.

    Can anybody advise me if I can get the interest frozen on the Vanquis and Fifty Plus accounts please so that I can pay off the amounts I owe more quickly?

    The Vanquis card is a real nightmare, if I pay the minimum payment then sometimes the interest added puts the card over it's limit so then I have overlimit charges too. This can really snowball if I don't have any extra money to throw at it so this account would really be my number one priority to pay off.
    WARNING
    Warning: This is an Old Thread
    This discussion is older than 365 days. information contained in it may no longer be current

  2. The Following 9 Users like Carley's Post:

    Dibsfbd (24th March 2013), fluffystuff (24th March 2013), garlok (27th August 2013), helmsman (24th March 2013), MrsD (24th March 2013), Pixie (24th March 2013), ScabHunter (24th March 2013), The Tech Clerk (24th March 2013), Undercover Elsa (24th March 2013)

  3. #2
    AAD Moderator
    MrsD's Avatar

    Join Date
    Aug 2010
    Location
    Never Never Lan
    My Posts
    10,058
    Thx Rec'd
    62007
    Thx Given
    108190
    Blog Entries
    0
    Last Online
    26th November 2014 @ 11:19
    Forum Reputation
    1255
    Hi MrsD, Have you subscribed to our Newsletter yet?
    Hi MrsD, If you're happy with our service why not make a small donation?
    MrsD has Donated to the Forum! MrsD is Verified with access to Legalese Secure Section! MrsD has access to our Secure Legal Claim Section! MrsD has access to our Secure Statutory Demand Section! MrsD has access to our Secure Housing Section!

    Default Re: Can I get interest frozen on my debts?

    welcome to AAD

    how old are these cards?
    how is your credit record I am presuming that the arrangements have trashed it already?

    I would read all about UE on here, and perhaps go from there

    Have you stopped paying these cards at any point, thereby defaulting them?
    I'm an Official AAD Forum Moderator and a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of allaboutDEBT Ltd. Any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - find a solicitor or go to the National Probono Centre.

    If you spot an abusive or libellous post then please report it to abuse@all-about-debt.co.uk or send a message to any of the Forum Site Team. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username or send me an email direct: mrsd@all-about-debt.co.uk

  4. The Following 10 Users like MrsD's Post:

    Beefy1976 (24th March 2013), Carley (24th March 2013), Dibsfbd (24th March 2013), fluffystuff (24th March 2013), garlok (27th August 2013), helmsman (24th March 2013), Pixie (24th March 2013), ScabHunter (24th March 2013), The Tech Clerk (24th March 2013), Undercover Elsa (24th March 2013)

  5. #3
    AAD Enthusiast
    Carley's Avatar

    Join Date
    Mar 2013
    Location
    Peterborough
    My Posts
    23
    Thx Rec'd
    96
    Thx Given
    26
    Blog Entries
    0
    Last Online
    5th January 2014 @ 18:06
    Forum Reputation
    4
    Hi Carley, Have you subscribed to our Newsletter yet?
    Hi Carley, If you're happy with our service why not make a small donation?
    Carley has Donated to the Forum!

    Default Re: Can I get interest frozen on my debts?

    Hi MrsD

    The credit cards are about 3-4 years old. I had a temporary arrangement with Vanquis sometime last year when I was struggling but all it did was allow me to continue to make normal monthly payments and not pay the arrears I owed for 2/3 missed payments. The arrears were added to the balance and the arrangement only lasted 3 months but interest was still being charged.

    The Fifty Plus account is a catalogue account which I have had for a number of years, (7+ years) but I've had the payment arrangement with them for probably about a year and the balance has hardly come down since then. Initially the arrangement was 25 a month then recently they sent me a letter saying they were putting it up to 26 a month. I did miss a couple of payments with them too but they just add admin charges at 12 a time.

    Yes my credit record is trashed due to these and the other arrangements I have.
    Last edited by Carley; 24th March 2013 at 14:37.

  6. The Following 7 Users like Carley's Post:

    fluffystuff (24th March 2013), garlok (27th August 2013), helmsman (24th March 2013), MrsD (24th March 2013), Pixie (24th March 2013), The Tech Clerk (24th March 2013), Undercover Elsa (24th March 2013)

  7. #4
    AAD Moderator
    MrsD's Avatar

    Join Date
    Aug 2010
    Location
    Never Never Lan
    My Posts
    10,058
    Thx Rec'd
    62007
    Thx Given
    108190
    Blog Entries
    0
    Last Online
    26th November 2014 @ 11:19
    Forum Reputation
    1255
    Hi MrsD, Have you subscribed to our Newsletter yet?
    Hi MrsD, If you're happy with our service why not make a small donation?
    MrsD has Donated to the Forum! MrsD is Verified with access to Legalese Secure Section! MrsD has access to our Secure Legal Claim Section! MrsD has access to our Secure Statutory Demand Section! MrsD has access to our Secure Housing Section!

    Default Re: Can I get interest frozen on my debts?

    in that case, I would definitely read up about UE, not just for these but for the others you have on arrangements.

    you should never ever be paying unsecured credit at the expense of your day to day living arrangements.


    sorry for all the questions we just need to know the whole picture
    is everything else up to date, electric, council tax rent etc?
    I'm an Official AAD Forum Moderator and a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of allaboutDEBT Ltd. Any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - find a solicitor or go to the National Probono Centre.

    If you spot an abusive or libellous post then please report it to abuse@all-about-debt.co.uk or send a message to any of the Forum Site Team. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username or send me an email direct: mrsd@all-about-debt.co.uk

  8. The Following 7 Users like MrsD's Post:

    Carley (24th March 2013), fluffystuff (24th March 2013), garlok (27th August 2013), helmsman (24th March 2013), Pixie (24th March 2013), The Tech Clerk (24th March 2013), Undercover Elsa (24th March 2013)

  9. #5
    AAD Site Team
    Undercover Elsa's Avatar

    Join Date
    Jun 2011
    Location
    Neverland
    My Posts
    8,136
    Thx Rec'd
    51663
    Thx Given
    66253
    Blog Entries
    0
    Last Online
    26th November 2014 @ 21:30
    Forum Reputation
    1045
    Hi Undercover Elsa, Have you subscribed to our Newsletter yet?
    Hi Undercover Elsa, If you're happy with our service why not make a small donation?
    Undercover Elsa has Donated to the Forum! Undercover Elsa is Verified with access to Legalese Secure Section! Undercover Elsa has access to our Secure Legal Claim Section! Undercover Elsa has access to our Secure Statutory Demand Section! Undercover Elsa has access to our Secure Housing Section!

    Default Re: Can I get interest frozen on my debts?

    Hi Carly and welcome

    As MrsD says you could look at whether these accounts are unenforceable first.
    Have a read here: UPDATED - A Full Guide to Unenforceability - allaboutFORUMS

    If that's not feasible, then you have a couple of options to get the interest stopped.
    Might be worth writing to them first with details of your hardship/health problems and enclosing an Income and Expenses sheet to show how little you can afford .
    I recommend the NEDCAB online I&E calculator, which has built in trigger figures which tell you if your figures are above the allowable amounts for housekeeping etc:
    North East Derbyshire Citizens Advice Bureau

    If they refuse, or if you want a quicker way then simply stop paying until they default and terminate the account, at which point interest will stop, after which you can send in an I&E as above.

    Do give some thought to unenforceability though, there's no harm in sending off for the agreements just to see how you stand.

    Elsa xx



    I'm part of the AAD Site Team. This means I help manage the forum, users and Moderators. If you have any problems, complaints or concerns about anything from a post, a user or even a Moderator please send me or any of the Site Team a message and we'll investigate it for you. Remember, I'm also a volunteer, here to help make the forum run smoothly but with an opinion of my own. Any views or opinions are mine and not the official line of allaboutDEBT.

    If you spot an abusive or libellous post then please report it to abuse@all-about-debt.co.uk or send a message to any of the Forum Site Team. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, send me a message by clicking my username or send me an email direct: undercoverelsa@all-about-debt.co.uk.


  10. The Following 7 Users like Undercover Elsa's Post:

    Carley (24th March 2013), fluffystuff (24th March 2013), garlok (27th August 2013), helmsman (24th March 2013), MrsD (24th March 2013), Pixie (24th March 2013), The Tech Clerk (24th March 2013)

  11. #6
    AAD Enthusiast
    Carley's Avatar

    Join Date
    Mar 2013
    Location
    Peterborough
    My Posts
    23
    Thx Rec'd
    96
    Thx Given
    26
    Blog Entries
    0
    Last Online
    5th January 2014 @ 18:06
    Forum Reputation
    4
    Hi Carley, Have you subscribed to our Newsletter yet?
    Hi Carley, If you're happy with our service why not make a small donation?
    Carley has Donated to the Forum!

    Default Re: Can I get interest frozen on my debts?

    Hiya

    No problem re the questions, I appreciate the help.

    I am behind with my electricity bill, I currently owe 397 on it and am paying it off at 56 a fortnight. It's my biggest worry. Where I live there is no gas so it's all electric and I have storage heaters which are not the most efficient form of heating. I've tried really hard to cut back which hasn't been easy this winter but I've got the bill down from what it was last year. Everything else is up to date.

    Sorry what is UE?

  12. The Following 7 Users like Carley's Post:

    fluffystuff (24th March 2013), garlok (27th August 2013), helmsman (24th March 2013), MrsD (24th March 2013), Pixie (24th March 2013), The Tech Clerk (24th March 2013), Undercover Elsa (24th March 2013)

  13. #7
    AAD Site Team
    Undercover Elsa's Avatar

    Join Date
    Jun 2011
    Location
    Neverland
    My Posts
    8,136
    Thx Rec'd
    51663
    Thx Given
    66253
    Blog Entries
    0
    Last Online
    26th November 2014 @ 21:30
    Forum Reputation
    1045
    Hi Undercover Elsa, Have you subscribed to our Newsletter yet?
    Hi Undercover Elsa, If you're happy with our service why not make a small donation?
    Undercover Elsa has Donated to the Forum! Undercover Elsa is Verified with access to Legalese Secure Section! Undercover Elsa has access to our Secure Legal Claim Section! Undercover Elsa has access to our Secure Statutory Demand Section! Undercover Elsa has access to our Secure Housing Section!

    Default Re: Can I get interest frozen on my debts?

    UE = Unenforceability...if the creditor can't provide a copy of your credit agreement, or if the copy they have has errors, then they can't enforce the debt.



    I'm part of the AAD Site Team. This means I help manage the forum, users and Moderators. If you have any problems, complaints or concerns about anything from a post, a user or even a Moderator please send me or any of the Site Team a message and we'll investigate it for you. Remember, I'm also a volunteer, here to help make the forum run smoothly but with an opinion of my own. Any views or opinions are mine and not the official line of allaboutDEBT.

    If you spot an abusive or libellous post then please report it to abuse@all-about-debt.co.uk or send a message to any of the Forum Site Team. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, send me a message by clicking my username or send me an email direct: undercoverelsa@all-about-debt.co.uk.


  14. The Following 6 Users like Undercover Elsa's Post:

    fluffystuff (24th March 2013), garlok (27th August 2013), helmsman (24th March 2013), MrsD (24th March 2013), Pixie (24th March 2013), The Tech Clerk (24th March 2013)

  15. #8
    AAD Enthusiast
    Carley's Avatar

    Join Date
    Mar 2013
    Location
    Peterborough
    My Posts
    23
    Thx Rec'd
    96
    Thx Given
    26
    Blog Entries
    0
    Last Online
    5th January 2014 @ 18:06
    Forum Reputation
    4
    Hi Carley, Have you subscribed to our Newsletter yet?
    Hi Carley, If you're happy with our service why not make a small donation?
    Carley has Donated to the Forum!

    Default Re: Can I get interest frozen on my debts?

    Thanks, Elsa. I will have a good read of those links.

  16. The Following 8 Users like Carley's Post:

    Beefy1976 (24th March 2013), fluffystuff (24th March 2013), garlok (27th August 2013), helmsman (24th March 2013), MrsD (24th March 2013), Pixie (24th March 2013), The Tech Clerk (24th March 2013), Undercover Elsa (24th March 2013)

  17. #9
    AAD Moderator
    Pixie's Avatar

    Join Date
    Aug 2010
    Location
    Toadstool
    My Posts
    17,878
    Thx Rec'd
    93507
    Thx Given
    157429
    Blog Entries
    0
    Last Online
    26th November 2014 @ 18:07
    Forum Reputation
    1896
    Hi Pixie, Have you subscribed to our Newsletter yet?
    Hi Pixie, If you're happy with our service why not make a small donation?
    Pixie has Donated to the Forum! Pixie is Verified with access to Legalese Secure Section! Pixie has access to our Secure Legal Claim Section! Pixie has access to our Secure Statutory Demand Section! Pixie has access to our Secure Housing Section!

    Default Re: Can I get interest frozen on my debts?

    Hi Carley

    The amount of interest and charges they are adding is just ridiculous!

    I would definitely think about stopping paying them - and I know just how scary that can be! - and putting that money towards paying off your electricity arrears. Your health and welfare come before any credit card/catalogue debts!

    We often find that creditors don't take any notice of your situation while you're paying them, even on an arrangement to pay (and why would they?) Stop paying and they soon sit up and take notice! They'll send letters trying to scare you but don't worry about them, just let us know what you receive.

    Even if your debts turn out to be enforceable they can often be blagged because the creditors quite often don't know if they are or not.

    have a good read and keep us informed.
    I'm an Official AAD Forum Moderator and a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of allaboutDEBT Ltd. Any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - find a solicitor or go to the National Probono Centre.

    If you spot an abusive or libellous post then please report it to abuse@all-about-debt.co.uk or send a message to any of the Forum Site Team. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username or send me an email direct: pixie@all-about-debt.co.uk

  18. The Following 8 Users like Pixie's Post:

    Beefy1976 (24th March 2013), fluffystuff (24th March 2013), garlok (27th August 2013), helmsman (24th March 2013), MrsD (24th March 2013), Pip (27th August 2013), The Tech Clerk (24th March 2013), Undercover Elsa (28th March 2013)

  19. #10
    AAD Enthusiast
    Carley's Avatar

    Join Date
    Mar 2013
    Location
    Peterborough
    My Posts
    23
    Thx Rec'd
    96
    Thx Given
    26
    Blog Entries
    0
    Last Online
    5th January 2014 @ 18:06
    Forum Reputation
    4
    Hi Carley, Have you subscribed to our Newsletter yet?
    Hi Carley, If you're happy with our service why not make a small donation?
    Carley has Donated to the Forum!

    Default Re: Can I get interest frozen on my debts?

    Quote Originally Posted by Pixie View Post
    Hi Carley

    The amount of interest and charges they are adding is just ridiculous!

    I would definitely think about stopping paying them - and I know just how scary that can be! - and putting that money towards paying off your electricity arrears. Your health and welfare come before any credit card/catalogue debts!

    We often find that creditors don't take any notice of your situation while you're paying them, even on an arrangement to pay (and why would they?) Stop paying and they soon sit up and take notice! They'll send letters trying to scare you but don't worry about them, just let us know what you receive.

    Even if your debts turn out to be enforceable they can often be blagged because the creditors quite often don't know if they are or not.

    have a good read and keep us informed.
    Hi Pixie

    Sorry for the delay in replying.

    Thanks for the information. I think I will do exactly as you suggested and stop paying these and put the money towards my electricity account.

    In the past I have always tried to pay something each month, even if it's not the full amount they have requested but this has got me nowhere as they still add the full interest plus admin and underpayment charges etc so I just end up owing more. It seems that trying to do the right thing only increases the balance most of the time. I genuinely do just want to pay these off the fastest way possible and not have the worry of them. The thing that frightens me the most is when I get threats of doorstep collectors. I have had a couple of threats of these in the past and they say they will call up to 9pm at night! I live on my own and it scares the s**t out of me because I imagine some bolshy man turning up and insisting on coming inside to discuss what I owe

    My aim (if possible) is to get the interest frozen so that the amount I pay each month is reducing my balances and not feeding the interest charged. If I can find a way to do that I will be very relieved.

    I'm off now to read up on the UE stuff. Thanks all for your replies.

    Carley

  20. The Following 8 Users like Carley's Post:

    fluffystuff (28th March 2013), garlok (27th August 2013), helmsman (28th March 2013), MrsD (28th March 2013), Never-In-Doubt (28th March 2013), Pip (27th August 2013), The Tech Clerk (28th March 2013), Undercover Elsa (28th March 2013)

  21. #11
    AAD Veteran
    helmsman's Avatar

    Join Date
    Sep 2010
    Location
    South East
    My Posts
    1,100
    Thx Rec'd
    7005
    Thx Given
    57101
    Blog Entries
    0
    Last Online
    26th November 2014 @ 06:50
    Forum Reputation
    145
    Hi helmsman, Have you subscribed to our Newsletter yet?
    Hi helmsman, If you're happy with our service why not make a small donation?
    helmsman has Donated to the Forum! helmsman has access to our Secure Legal Claim Section!

    Default Re: Can I get interest frozen on my debts?

    Quote Originally Posted by Carley View Post
    Hi Pixie

    Sorry for the delay in replying.

    Thanks for the information. I think I will do exactly as you suggested and stop paying these and put the money towards my electricity account.

    In the past I have always tried to pay something each month, even if it's not the full amount they have requested but this has got me nowhere as they still add the full interest plus admin and underpayment charges etc so I just end up owing more. It seems that trying to do the right thing only increases the balance most of the time. I genuinely do just want to pay these off the fastest way possible and not have the worry of them. The thing that frightens me the most is when I get threats of doorstep collectors. I have had a couple of threats of these in the past and they say they will call up to 9pm at night! I live on my own and it scares the s**t out of me because I imagine some bolshy man turning up and insisting on coming inside to discuss what I owe

    My aim (if possible) is to get the interest frozen so that the amount I pay each month is reducing my balances and not feeding the interest charged. If I can find a way to do that I will be very relieved.

    I'm off now to read up on the UE stuff. Thanks all for your replies.

    Carley
    Dont forget they will phone you badger you and lie to get money from you, JUST FAIL SECURITY QUESTIONS.good luck

  22. The Following 6 Users like helmsman's Post:

    Carley (28th March 2013), fluffystuff (28th March 2013), garlok (27th August 2013), MrsD (28th March 2013), Pip (27th August 2013), The Tech Clerk (28th March 2013)

  23. #12
    AAD Site Team
    Undercover Elsa's Avatar

    Join Date
    Jun 2011
    Location
    Neverland
    My Posts
    8,136
    Thx Rec'd
    51663
    Thx Given
    66253
    Blog Entries
    0
    Last Online
    26th November 2014 @ 21:30
    Forum Reputation
    1045
    Hi Undercover Elsa, Have you subscribed to our Newsletter yet?
    Hi Undercover Elsa, If you're happy with our service why not make a small donation?
    Undercover Elsa has Donated to the Forum! Undercover Elsa is Verified with access to Legalese Secure Section! Undercover Elsa has access to our Secure Legal Claim Section! Undercover Elsa has access to our Secure Statutory Demand Section! Undercover Elsa has access to our Secure Housing Section!

    Default Re: Can I get interest frozen on my debts?

    We have excellent template letters to send in response to doorstep visit threats, Carly, to make them back off.
    The thing to remember is that they don't have any rights whatsoever. They can't demand to come in, they can't take your property and when you ask them to leave they must do so immediately.
    These are usually just meaningless threats most of the time, to make you panic and pay up. They rarely actually turn up. If they do you don't have to answer the door. Either ignore or just tell them to go away.

    You can try negotiating to get interest and charges stopped on hardship grounds, but they make you jump through hoops to do that and don't always agree. The fastest way to get interest stopped is simply to stop paying until they default and terminate the accounts. Normally you'd send CCA requests to them at the same time, which means the threats would stop until they've supplied the agreement.

    How it proceeds from there depends on various factors- all explained in the unenforceability guide



    I'm part of the AAD Site Team. This means I help manage the forum, users and Moderators. If you have any problems, complaints or concerns about anything from a post, a user or even a Moderator please send me or any of the Site Team a message and we'll investigate it for you. Remember, I'm also a volunteer, here to help make the forum run smoothly but with an opinion of my own. Any views or opinions are mine and not the official line of allaboutDEBT.

    If you spot an abusive or libellous post then please report it to abuse@all-about-debt.co.uk or send a message to any of the Forum Site Team. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, send me a message by clicking my username or send me an email direct: undercoverelsa@all-about-debt.co.uk.


  24. The Following 6 Users like Undercover Elsa's Post:

    Carley (28th March 2013), fluffystuff (28th March 2013), garlok (27th August 2013), helmsman (28th March 2013), MrsD (28th March 2013), Pip (27th August 2013)

  25. #13
    AAD Moderator
    SXGuy's Avatar

    Join Date
    Jan 2012
    Location
    Essex
    My Posts
    3,270
    Thx Rec'd
    18791
    Thx Given
    621
    Blog Entries
    0
    Last Online
    26th November 2014 @ 21:41
    Forum Reputation
    384
    Hi SXGuy, Have you subscribed to our Newsletter yet?
    Hi SXGuy, If you're happy with our service why not make a small donation?
    SXGuy has Donated to the Forum! SXGuy is Verified with access to Legalese Secure Section! SXGuy has access to our Secure Legal Claim Section! SXGuy has access to our Secure Statutory Demand Section! SXGuy has access to our Secure Housing Section!

    Default Re: Can I get interest frozen on my debts?

    Only way to stop them adding interest is to get them to terminate the account, that means stop paying, wait for a default notice and termination letter, then if you want to pay it off after, the balance wont increase anymore.

    That being said, if you Follow Ue, it doesnt matter what the balance is as you wont be paying them a penny anyway!

  26. The Following 7 Users like SXGuy's Post:

    Carley (28th March 2013), fluffystuff (28th March 2013), helmsman (28th March 2013), MrsD (28th March 2013), Pip (27th August 2013), The Tech Clerk (28th March 2013), Undercover Elsa (28th March 2013)

  27. #14
    AAD Enthusiast
    Carley's Avatar

    Join Date
    Mar 2013
    Location
    Peterborough
    My Posts
    23
    Thx Rec'd
    96
    Thx Given
    26
    Blog Entries
    0
    Last Online
    5th January 2014 @ 18:06
    Forum Reputation
    4
    Hi Carley, Have you subscribed to our Newsletter yet?
    Hi Carley, If you're happy with our service why not make a small donation?
    Carley has Donated to the Forum!

    Default Re: Can I get interest frozen on my debts?

    Thank you all so much, I will do as you have suggested and let you know how I get on. I feel better about all of this already.

    Carley

  28. The Following 7 Users like Carley's Post:

    fluffystuff (28th March 2013), garlok (27th August 2013), helmsman (28th March 2013), MrsD (28th March 2013), Pip (27th August 2013), The Tech Clerk (28th March 2013), Undercover Elsa (28th March 2013)

  29. #15
    AAD Enthusiast
    Carley's Avatar

    Join Date
    Mar 2013
    Location
    Peterborough
    My Posts
    23
    Thx Rec'd
    96
    Thx Given
    26
    Blog Entries
    0
    Last Online
    5th January 2014 @ 18:06
    Forum Reputation
    4
    Hi Carley, Have you subscribed to our Newsletter yet?
    Hi Carley, If you're happy with our service why not make a small donation?
    Carley has Donated to the Forum!

    Default Re: Can I get interest frozen on my debts?

    Hi

    An update on my situation.

    I have not made any further payments to either Vanquis Bank or Fifty Plus.

    Vanquis Bank: The debt has increased from 1278.82 to 1489.51 due to interest and charges added over the past couple of months, (charges include late payment and over limit fees each month in addition to the usual interest). The debt is therefore increasing by around 70 a month

    I have now received two letters from Impact Collection Services, one dated 10th May and the other dated 27th May (both not received for over a week after these dates). The first was a standard collection letter and the second stated full payment was required within 72 hours and failure to pay would result in a notice of default being issued.

    Impact have tried calling me numerous times from various different phone numbers but I do not answer the phone to numbers that I don't recognise and once I have verified the number belongs to them, (I check online), I block the number so they can't get through on that number again. They seem to have a hell of a lot of different phone numbers though.

    So basically I haven't spoken to them or replied to their letters as yet. Am I right in thinking that if they issue the Notice of Default that the account is then terminated and the interest and charges will stop?

    I have looked into the U/E stuff and am not sure it would apply in this case as I took this credit card out somewhere around 2010/2011 I think. In any case would now be the right time to send off the CCA request or am I better off waiting until the default notice has been issued?

    Fifty Plus: The balance has now increased from 545.00 to 637.76 including their admin charges which amount to 24 a month on top of the interest of around 16 a month. I have received monthly reminders from Reliable Collections on behalf of Fifty Plus, the latest of which was dated 23rd of May stated "Serious Arrears" and that they are considering their next steps which might extend to making an application to court for an order in respect of their agreement and that they will also be seeking costs and interest. No mention of any default notice so I am unsure what to do about this one. (I haven't paid them anything or made any contact with them).
    Edited to say: I've just received today's post and have a letter from Reliable Collections dated 6th June which is a 48 Hour Notice of Closure of the account before it is passed to a debt collector. I'm assuming this is a good thing as no further interest or charges will be added?

    On the plus side I have paid extra money off my outstanding electricity bill which is definitely a relief.

    I stopped paying Vanquis and Fifty Plus in the hope that the accounts would be terminated and then I could make an arrangement to pay off what was outstanding without incurring further charges but obviously I'm concerned by how much the above two debts are increasing on a monthly basis.

    Am I going about this in the right way?

    Thanks
    Carley
    Last edited by Carley; 11th June 2013 at 11:01.

  30. The Following 5 Users like Carley's Post:

    garlok (27th August 2013), MrsD (11th June 2013), Pixie (12th June 2013), The Tech Clerk (11th June 2013), Undercover Elsa (27th August 2013)

  31. #16
    AAD Master
    The Tech Clerk's Avatar

    Join Date
    Oct 2010
    Location
    u.k. I Think?
    My Posts
    3,410
    Thx Rec'd
    17112
    Thx Given
    28169
    Blog Entries
    0
    Last Online
    26th November 2014 @ 21:52
    Forum Reputation
    353
    Hi The Tech Clerk, Have you subscribed to our Newsletter yet?
    Hi The Tech Clerk, If you're happy with our service why not make a small donation?
    The Tech Clerk has Donated to the Forum! The Tech Clerk has access to our Secure Legal Claim Section!

    Default Re: Can I get interest frozen on my debts?

    Impact collection are Vanquis DCA

    By the way their telephone number list is very long they even use your area code followed by 4xxxxx or similair, look at my TC/Vary thread list of known phone numbers added all the time.


    Reliable collections are in house DCA J.D. Williams
    Last edited by The Tech Clerk; 11th June 2013 at 10:43.

  32. The Following 5 Users like The Tech Clerk's Post:

    Carley (11th June 2013), garlok (27th August 2013), MrsD (11th June 2013), Pixie (12th June 2013), Undercover Elsa (27th August 2013)

  33. #17
    AAD Enthusiast
    Carley's Avatar

    Join Date
    Mar 2013
    Location
    Peterborough
    My Posts
    23
    Thx Rec'd
    96
    Thx Given
    26
    Blog Entries
    0
    Last Online
    5th January 2014 @ 18:06
    Forum Reputation
    4
    Hi Carley, Have you subscribed to our Newsletter yet?
    Hi Carley, If you're happy with our service why not make a small donation?
    Carley has Donated to the Forum!

    Default Re: Can I get interest frozen on my debts?

    Quote Originally Posted by The Tech Clerk View Post
    Impact collection are Vanquis DCA

    By the way their telephone number list is very long they even use your area code followed by 4xxxxx or similair, look at my TC/Vary thread list of known phone numbers added all the time.


    Reliable collections are in house DCA J.D. Williams
    Thanks for the info! Gosh I wonder how they manage to use your own area code. Mind you I have begun to receive nuisance calls from India which show up as UK numbers now whereas they used to show up as either 'International' or 'Unavailable Out of Area'.

  34. The Following 5 Users like Carley's Post:

    garlok (27th August 2013), MrsD (11th June 2013), Pixie (12th June 2013), The Tech Clerk (11th June 2013), Undercover Elsa (27th August 2013)

  35. #18
    AAD Moderator
    SXGuy's Avatar

    Join Date
    Jan 2012
    Location
    Essex
    My Posts
    3,270
    Thx Rec'd
    18791
    Thx Given
    621
    Blog Entries
    0
    Last Online
    26th November 2014 @ 21:41
    Forum Reputation
    384
    Hi SXGuy, Have you subscribed to our Newsletter yet?
    Hi SXGuy, If you're happy with our service why not make a small donation?
    SXGuy has Donated to the Forum! SXGuy is Verified with access to Legalese Secure Section! SXGuy has access to our Secure Legal Claim Section! SXGuy has access to our Secure Statutory Demand Section! SXGuy has access to our Secure Housing Section!

    Default Re: Can I get interest frozen on my debts?

    If you have some spare cash, say around 40, you could buy yourself a CPR Call blocker, this lets you add numbers you don't want getting through to a block list, you will never hear from them again on the same number.

    you also have the option to block international calls, withheld numbers, and VOIP calls. And also 08 numbers.

    Could be a great way to stop you worrying who the next call is all the time. I bought one and I have never looked back!

    In terms of the default notice, yes usually if this goes unpaid the account will be terminated, interest should stop at that point, and they will demand the full balance, but you will be able to negotiate a repayment on the balance, so don't worry to much.

    Let us know what happens when they send you the next letter after you miss the default notice sum arrears deadline.

  36. The Following 5 Users like SXGuy's Post:

    Carley (11th June 2013), MrsD (11th June 2013), Pixie (12th June 2013), The Tech Clerk (11th June 2013), Undercover Elsa (27th August 2013)

  37. #19
    AAD Enthusiast
    Carley's Avatar

    Join Date
    Mar 2013
    Location
    Peterborough
    My Posts
    23
    Thx Rec'd
    96
    Thx Given
    26
    Blog Entries
    0
    Last Online
    5th January 2014 @ 18:06
    Forum Reputation
    4
    Hi Carley, Have you subscribed to our Newsletter yet?
    Hi Carley, If you're happy with our service why not make a small donation?
    Carley has Donated to the Forum!

    Default Re: Can I get interest frozen on my debts?

    Quote Originally Posted by SXGuy View Post
    If you have some spare cash, say around 40, you could buy yourself a CPR Call blocker, this lets you add numbers you don't want getting through to a block list, you will never hear from them again on the same number.

    you also have the option to block international calls, withheld numbers, and VOIP calls. And also 08 numbers.

    Could be a great way to stop you worrying who the next call is all the time. I bought one and I have never looked back!

    In terms of the default notice, yes usually if this goes unpaid the account will be terminated, interest should stop at that point, and they will demand the full balance, but you will be able to negotiate a repayment on the balance, so don't worry to much.

    Let us know what happens when they send you the next letter after you miss the default notice sum arrears deadline.
    SXGuy, thank you so much for that information - I didn't know such a thing existed! I have a call barring facility on my phone which I have used to block the numbers so far but it doesn't work with witheld, international calls etc and I do get a lot of International spam calls from India and so on - they drive me mad! These are on top of the usual cold calls re changing energy suppliers and payment protection insurance etc. I'm registered with TPS and have changed my phone number in the past but none of this has helped, especially with the international calls which are on the increase (several per day at the moment). The CPR call blocker sounds like a worthy investment

    Regarding the debts, as suggested I will wait until I receive the next letters and then come back for further advice.

    Thanks again!
    Carley

  38. The Following 4 Users like Carley's Post:

    garlok (27th August 2013), MrsD (11th June 2013), Pixie (12th June 2013), Undercover Elsa (27th August 2013)

  39. #20
    AAD Site Team
    Undercover Elsa's Avatar

    Join Date
    Jun 2011
    Location
    Neverland
    My Posts
    8,136
    Thx Rec'd
    51663
    Thx Given
    66253
    Blog Entries
    0
    Last Online
    26th November 2014 @ 21:30
    Forum Reputation
    1045
    Hi Undercover Elsa, Have you subscribed to our Newsletter yet?
    Hi Undercover Elsa, If you're happy with our service why not make a small donation?
    Undercover Elsa has Donated to the Forum! Undercover Elsa is Verified with access to Legalese Secure Section! Undercover Elsa has access to our Secure Legal Claim Section! Undercover Elsa has access to our Secure Statutory Demand Section! Undercover Elsa has access to our Secure Housing Section!

    Default Re: Can I get interest frozen on my debts?

    Hi Carley,
    This is the quickest way to get the interest stopped, by not paying and letting them default you as soon as possible. The balance will go up at first but in the long run not half as much as if you were struggling to pay for evermore.
    Just hang in there until they issue default notices and terminate the accounts then the balance will freeze.
    Let us know everything they send..
    Elsa x



    I'm part of the AAD Site Team. This means I help manage the forum, users and Moderators. If you have any problems, complaints or concerns about anything from a post, a user or even a Moderator please send me or any of the Site Team a message and we'll investigate it for you. Remember, I'm also a volunteer, here to help make the forum run smoothly but with an opinion of my own. Any views or opinions are mine and not the official line of allaboutDEBT.

    If you spot an abusive or libellous post then please report it to abuse@all-about-debt.co.uk or send a message to any of the Forum Site Team. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, send me a message by clicking my username or send me an email direct: undercoverelsa@all-about-debt.co.uk.


  40. The Following 7 Users like Undercover Elsa's Post:

    Carley (27th August 2013), garlok (27th August 2013), IF (12th June 2013), MrsD (12th June 2013), Pixie (12th June 2013), ScabHunter (12th June 2013), The Tech Clerk (12th June 2013)

Page 1 of 3 123 LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
about

Copyright allaboutDEBT Limited. All rights reserved. AADforums is a trading name of allaboutDEBT Limited. Registered in England and Wales: Company Number 08825488. Data Protection Registration No. Z3513615

Registered office:
allaboutDEBT Limited, Office 34 New House, 67-68 Hatton Garden, Holborn, London, EC1N 8JY.

connect with us
contact

Click Here to Send us a Message

BACK TO TOP