Personal guarantee some success

[Overloaded]

Just a little hope - in case like me you folded a company in March and have personal guarantees -
Iwoca settled two large debts for about 20%
Full and final , very easily and graciously -
And I was prepared for them to be the worst !
Capital on tap stuff gone to dca so hopefully of good low offer too
But be warned people just. Cash flow plc
Wow- a very aggressive monster - not even following pre action protocol or answering formal complaint so gone to ombudsman - even siloed about stopping interest - they are being very underhand in a way I haven’t experienced from a creditor in a long long time

 

[mattk]

Sounds like you've had a shit time of it in the last year, so glad you're getting a few small personal successes.

 

[Mr D]

Glad at least part has worked out.

Yes some creditors don't care about legalities they just want their money in full... and quick.

 

[manicminer123]

Just a little hope - in case like me you folded a company in March and have personal guarantees -
Iwoca settled two large debts for about 20%
Full and final , very easily and graciously -
And I was prepared for them to be the worst !
Capital on tap stuff gone to dca so hopefully of good low offer too
But be warned people just. Cash flow plc
Wow- a very aggressive monster - not even following pre action protocol or answering formal complaint so gone to ombudsman - even siloed about stopping interest - they are being very underhand in a way I haven’t experienced from a creditor in a long long time

Hey, im in the same position with capital on tap, i have been paying them a reduced monthly payment via an arrangement but the interest they charge is wiping out the payment and the balance is not going down.

I want to settle the account and get out of it, how are you getting on with them? were they willing to accept a one off final payment thats less than the outstanding balance? any tips?

Thanks

 

[Overloaded]

Haven’t paid a penny since November 2019,
They sold the debt on to arrow /
CApquest , but apparently they can’t be give me breakdown of the amount owed / if you can’t list what I owe , I can’t pay it? That’s my stalemate .

also the paperwork there sent through with ‘personal guarantee ‘ was unsigned.

What have they sent you ?

Typed names inserted by software have a defence