Hi all,

Well I'm certainly bowled over to see there is an entire thread about this guy.!

in July 2008 I took out a really terrible loan of £4,000

I paid it until Jan 2009, when redundancy forced us to return to my wife's home country where I had a job offer there.

I couldn't afford to maintain payments on a lesser currency from another country and I left it to default,

foolish I know but if you haven't got the money what can you do?

Over the years various companies have purchased and sold the debt on

where now Lowells have it and

Fredrickson have been calling and sending letters,

I've ignored them as I can't pay it in full and frankly I feel intimidated.

On my Noddle credit file the debt is marked under the closed section as 'settled'

and hasn't been updated since August 2012.

On CreditExpert the default is no longer there.

today I arrived home really pleased after seeing our baby for the first time (12 week scan)

only to find a letter from Bryan Carter on behalf of Fredrickson/Lowell,

stating if I don't set up a payment plan

they will 'recommend' that their client Fredrickson start court proceedings.

Is this another intimidation letter trying to scare me

or are these guys for real?

They seem to be really taking on a lot of people of recent.

What should I do as this has me a little worried.

are you abroard now?

dx

No I'm not, back in the UK for almost 2 years.

ok

what was the original debt please

dx

July 2008 I took out a really terrible loan of £4,000 - I paid it until Jan 2009 until I was laid off. Current balance is £5,000

sri wrongly worded

who did you get the money from

the original creditor

dx

Welcome Finance

typically 90% of welcome debts are vastly inflated with

unlawful PENALTY charges

[late/over/letter/phone/debt management]

and various compulsory insurances like PPI etc etc

they can be reclaimed too.

that'll be why they sold it on.

got all the statements?

dx

moved you to the welcome finance forum

loads to read here

dx

No I don't have any statements from them. I'm more concerned at what I should do about Bryan Carter Solicitors.....

stuff all std threat o gram

he'll go nowhere near a court wit a welcome debt

hes been well burnt by these debts before.

get an sar off to welcome get all the statements.

what have you been getting in the last 2yrs on this debt?

dx

what have you been getting in the last 2yrs on this debt? How do you mean Dx?

you've obv been checking your cra file for the last 2yrs

no letters previous to this?

have you recently settled at a new address?

.....................................

On my Noddle credit file the debt is marked under the closed section as 'settled'

and hasn't been updated since August 2012.

On CreditExpert the default is no longer there.

.......................................

if it shows settled

then it was sold and put on a phishing list

lowells have brought it

and the computer system has fired out a threat-o-gram..

dx

There was a long period, couple of years of no letters at all.

Then maybe 1 from Lowells every 6 months, I've moved to a rented house in the last year.

Also, in my searched addresses in my credit file it shows Lowell making a search nearly every month.

yes so they've been trying to find you

the rent application or ctax or utils would have shown your new address

no sure how knowledgeable you are of the uk system

but these people [lowells] buy debts for a fraction of the p/£

then send out phishing lettrs to spoof the unknowing

carter is solicitor for hire

bottom line is its a bloke at the next desk from lowells

in a diff coloured skirt.

a dca or their 'fake/tame' solicitors are not bailiffs

and have no such bailiff powers

get that sar off

what is the default date on the debt summary

dx

they prob owe you more than you owe them

you are in the info gathering

I was born here and reasonably knowledgeable how to the UK unsecured debt market works,

the debtor can't make payments to the creditor after a while

sells debt on to large debt collectors for a fraction

who then allow smaller a slew of smaller bottom feeding debt companies to take turns to have a go at getting it back,

all the while maintaining the pretense that the original creditor still wants the money.

It's a disgusting immoral, market that infringes consumer rights on a massive scale, it should be shut down.

Default date was Jun 2009.

great

so jun 15 it will vanish from your file....

that sort of tallies with the last payment around jan 09.

get that sar off

till then sit on your hands

dx

Sorry to sound dim, but what difference will it make if I have a statement of accounts from WF?

post 8

dx

Ok I'll send off for it, what shall once I have it?

These low lifes are harassing me now, 4 times they rang yesterday once was 8:30pm..! They've rang twice today already once at 8:30am.!

Are these desperate or what?

Oh also, am I to send this SAR to Bryan Carter or Welcome Finance??

always the OC original creditor

dx

Thank for for your help DX, you've been great.

I don't have Welcome Finance's original account reference number, can I send the SAR with Lowell's account number? Also, do I reference my previous address where I originally took the loan out?

So when I have all info they have on me, then what?

you don't need any numbers

yes ref your old address

and inc a copy of say a util or CTAX bill as proof of new address.

time to read a few threads here for the rest

dx