QLD Paying Off Credit Corp Debt - Help?

Discussion in 'Debt and Bankruptcy Law Forum' started by Larni McCarthy, 13 July 2018.

  1. Larni McCarthy

    Larni McCarthy Active Member

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    Yes they approved that and want me to pay $1000 tomorrow then they will freeze the interest to zero.....as long as I still pay 100 per week. What should I do?
     
  2. Kathy01

    Kathy01 Member

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    I'm also in a similar situation. Can anyone help?
     
  3. Kathy01

    Kathy01 Member

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    Do you have any other alternative to what action to take with credit corp? With debt hassling and legal threats?
     
  4. Rob Legat - SBPL

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    I suggest you start a new thread and provide some details of your circumstances. We can’t help if we don’t know what is going on.
     
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  5. DMLegal

    DMLegal Well-Known Member

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    While I cannot speak for Credit Corp or any collection agency, I am confident their "deals" (e.g. pay x by y and we will freeze interest) will be valid a few weeks from now once you are satisfied you owe the money.

    First things first, tell them you will only liaise by email (say you have laryngitis if you don't feel comfortable telling them that you just want it all in writing because you don't trust them). You could offer to conditionally accept it i.e. "I will pay $1000 by (date) and $100 p/w thereafter with the interest rate at 0.00% providing you furnish me with x, y and z." It would probably be easier to ask for any and all information held by Credit Corp as regards the debt.
     
  6. squirrel333

    squirrel333 Well-Known Member

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    Something needs to be done to stop Credit Corp's illegal activities....
     
  7. Hannahvu

    Hannahvu Member

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    How we can fight them? I'm struggling with them as well
     
  8. Debtsol

    Debtsol Active Member

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    Section 188 subsection 3 of the NCCP.

    They don’t have proof of debt.
     
  9. Rob Legat - SBPL

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    You mean subsection 188(3) of the National Credit Code - not the NCCP (National Consumer Credit Protection Act). The Code is the schedule to the Act.

    The provisions of section 188 don't work the way it appears you intend. The provision is about who has to comply with the obligations of the Code as the credit provider - the original lender or (for example) Credit Corp as the company the credit contract is assigned to.

    Subsection 188(3) provides that if the original lender continues to receive payments, then the original lender has to comply with the Code. But, 'receives' is deceptive. You can't force the original lender to receive the money, it has to be their conscious decision to keep it. If they refund, reject or forward the funds on to Credit Corp then they aren't receiving it.

    In any case, subsection 188(3) has no bearing on the proof of ownership of the debt.
     
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  10. Debtsol

    Debtsol Active Member

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    That’s the issue. The original bank keeps the funds and offsets the amt on their credit card statement

    The money isn’t on forwarded

    You can go to the original bank and the monies can be deposited straight to that credit card.
     
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