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Old PDL debt sold to PRAC, deed poll name change since and default


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Hello,

 

One of my old payday loans has been sold to PRAC Financial. I have received the formal notice of assignment. The debt is from 2014 and have never been registered on CR as a default. Since then I have also changed my name via Deed Poll.

 

Now I have three questions and would appreciate some help from fellow CAGers:

 

1. Do I need to notify PRAC about the name change and send them copy of my Deed Poll? My new name is registered with all three CRAs (I checked). So is that sufficient without sending the copy?

 

2. As the default has never been registered (only late payments) and the debt is from 2014, will now PRAC just register a default nearly 3 years after and mess up my credit score? Is there any legal time scale as to when a default should be registered or can they register it whenever they please?

 

3. How to approach this? Should I send PRAC a CCA request with a postal order and just wait for the reply and take it from there?

 

Many thanks in advance for all your help!! :)

I have received great help from CAG on several occasions and contribiuted a bit. Did you? :ban::boink::madgrin:

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I don't give any advice as I am not at all qualified! I only express my views and ideas. :loco:

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Hello,

 

One of my old payday loans has been sold to PRAC Financial. I have received the formal notice of assignment. The debt is from 2014 and have never been registered on CR as a default. Since then I have also changed my name via Deed Poll.

 

Now I have three questions and would appreciate some help from fellow CAGers:

 

1. Do I need to notify PRAC about the name change and send them copy of my Deed Poll? My new name is registered with all three CRAs (I checked). So is that sufficient without sending the copy? No need to inform them

 

2. As the default has never been registered (only late payments) and the debt is from 2014, will now PRAC just register a default nearly 3 years after and mess up my credit score? Is there any legal time scale as to when a default should be registered or can they register it whenever they please? They may do ?

 

3. How to approach this? Should I send PRAC a CCA request with a postal order and just wait for the reply and take it from there? Yes

 

Many thanks in advance for all your help!! :)

 

Regards

 

Andy

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  • 2 months later...

Hello, just an update:

 

I sent CCA request to PRAC on the 9th July, haven't heard anything from them.

Today I received a letter from bwlegal representing PRAC with a final request for payment.

 

No mention of CCA or anything. What do I do now?

I have received great help from CAG on several occasions and contribiuted a bit. Did you? :ban::boink::madgrin:

http://www.consumeractiongroup.co.uk/paypal.php?go=donate

I don't give any advice as I am not at all qualified! I only express my views and ideas. :loco:

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Do nothing...they are in default of your request

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHER

 

Have we helped you ...?         Please Donate button to the Consumer Action Group - The National Consumer Service

If you want advice on your Topic please PM me a link to your thread

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