Lombard Tricity Finance

[physicsgraduate]

Anyone heard of these guys?

Apparently my Student Loan was sold to them without me knowing about it.

It's apparently in the terms and agreement they are allowed to do this, I suspect not without informing me though. Just more counter ammo for my case, it's going to be a long battle this one....

"You loan formed part of a previous government student loan debt sale to LTF who are the debt owners, however the SLC retain the administration of the collection of the debt on their behalf"

"In accordance with th terms of your loan agreements we reserve the right to appoint such agents as we deem neccessary in the collection of outstanding debts, and in this respect Capquest are now dealing with the collection of your outstanding arrears"

[soulcatcher]

In 1998, the government sold a tranch of loans to Finance for Higher Education Ltd, a holding company set up purely for the sake of investing in public student loan debt. It seems that your loan was included.

Tricity Lombard Finance were appointed to "oversee the administration of the portfolio" for FFHE. They're not debt collectors and they don't own your debt. (But if you get any problems with your loan account, I don't see why you couldn't approach them.)

Just to confuse things, FFHE was established (and may well be owned) by NatWest. LTF does not appear to be a company in its own right (it may be a trading name), but is owned by The Royal Bank of Scotland Group.

SLC should have told you about the sale in 1998, although I don't know if they're required to. If asked, SLC may say (incorrectly) that the loan was sold to LTF, as this is who they deal with.

Hope this helps. If you want any more info, let me know.

SC

HOWELLS ANNOUNCES RESULT OF STUDENT LOAN DEBT SALE