Hi just recieved a letter from payday uk

Stating account number

New reference and balance due

Sold to prac finacial limited recently

We have not been made aware of any valid reason why the balance has not been paid and PRAC financial limited are now the legal owners of the debt. Prease dorect all payments and corespondence to PRAC

Any questions etc contact prac

In the same envelope a letter from bw legal

Our client PRAC ltd

Original creditor payday uk and orginal account number

Representing prac. And enclise correspondence confirmibg that our client has aquired the debt you previously owed to instant cash ltd / t/a pay dau uk.

We would also like to bring to your atenyion that only our client can now give full discharge of this debt and you should now only contact us about your account

Then goes onto payment methods

Then great news lol

We are delighted that for the next 28 days we can offer you a 10 % discount and your new balance would be £***.**. All you have to do is set up a payment arrangement with us within the next 28 days. Act now as this offer is only available untill 27th march 2017 after which it will no longer be available and the full balance will remain due.

If you settle your discounted balance in full our client will update your credit file and your pay day uk account will be marked as settled. If you pay by instalments our client will update your credit file accordingly each month

Letter 3 in same envelope

Original creditor payday uk

Ac number

Balance due

We are writing to inform you that we have acquired the above bedt from instant cash loans ltd T/a payday uk

We enclosed a copy letter from instant cash loans ltd T/a payday uk confirming our ownership of the debt

Only prac financial limited may now give valid discharge of this debt but have apointed bw legal services ltd as our representatives

By wahy of introduction we are a specialist debt purchaser. We take the aproach that we would prefer to work with you in order to agree a suitable repayment agreement based on your financial circumstances rather than having to take formal action

We there fore strongly urge yo to take this oportunity to deal with your outstanding liability by by discussing a suitable repayment with our representatives bw legal who are instructed by us to discuss affordable proposals for repayment with you

Any tip , advice on the above ?

( apart from paying as i know thats one way to get rid of this )

Info needed

More info from them ?

Got quite a bit of money going out at the moment and we are struggling with aby extra debt

Any advice aprrciatex and taken on board

Thanks

Dave

Lowlife dca threat-o-gram

They are not bailiffs

Lowlife dca threat-o-gram

 

They are not bailiffs

Thanks for reply

Ignore . Do nothing ?

Do i send them a letter requesting anything ?

Arange payment plan etc

Just trying to sort things realy

Arh the combination of PRAC / BW Legal and Instant Cash Loans...

Considering it si BW Legal my own advice would be not to ignore.

Remember this is the firm who tag teamed with Lowell to issue Stat Demands like confetti - I am currently dealing with them on a fraudulent account and even when they are given proof, references and even a formal letter before action;

They still claim that its owed. (This letter before action they responded to below;)

We are the lawyers instructed on behalf of PRAC to recover the sums you owe to PRAC. We therefore do not recognise your letter as a “letter before claim”

Sorry to sidetrack here, but BW legal have recently done a Lowell Portfolio and gone into the the debt industry themselves...

If you were to ignore - fine and probably a good idea for now... But be weary that they may initiate proceedings.

Oh and BTW... Ive challenged them on multiple issues the last few weeks. Yet they upped their discount to a whopping 50% .. Yeet when i told them when they purchased the account they took on full liabilities, they laughed and said "Even though we purchased the account and are the new legal owners, we have not taken on any liabilities in relation to this account" - Yes you have, you are *OBLIGED* to provide a CCA if i ask for it etc

So tell us more about this debt owed to PDUK etc

Hi and thanks for taking the time to reply

So ideally . Hang fire for now then start the possibility of . Is it the 3 letter process ? Read about it but not actually done it yet

Also which template to use ?

Thanks again

Dave

NO no ... NO 3 letter process... Have you been reading about sending 3 letters blah blah ... If so... then NO!

This is not the way to do it. Have you been looking at Freeman of the land things?

They cant issue a stat Demand unless the debt is over 5K...Simply send them a section 77/78 request.

Andy

I'm in the same boat, not very smart to all of this, I have the money to clear off the loan/debt i had with PDUK but don't know if I should do it ???

you need to start a new thread

of your own please