Just had response from Asset Link who I cca'd.

And they sent back my signed agreements.

What I want to know now is how to go about disputing the 2k interest charges on the asset link debts.

They have refused to freeze them and I am just going further and further into debt.

I am about to ditch my dmp with Payplan

- I cca'd my creditors and only RBS and Link back to me with properly executed and signed agreements.

This is fine - I will pay.

However, Link have doubled my debt from 1k to 2k on each of the debts I have with them .

I fail to see why the hell I should pay them an extra 2k.

I know that they are very aggressive

so Does anyone have any suggestions as to how I go about dealing with this ?

I have SAR'd RSB but not Link

- would that be the first thing I should do

- and will they freeze the account whilst they are complying with my request?

Ignore the crap link add. They cant add anything. It is an old trick they do that sadly many people fall for, and the owner of link has made tens of millions off it.

Regarding SAR, it goes to the OC. NOT the DCA. The only thing the dca gets is a CCA.

what are the debts

and the details from your cra file

NEVER trust link

dx

Link debts are from GE money - I owed two debts of approx 1k each

- over the past 7 years they have added interest to the tune of 1k on each debt.

I am prepared to Pay what I owe ( I need to check but I think I have done already ) but not to pay this fictitious interest .

They won't let go, so what is my next step ?

Oh - and they are not on my cra file

what a surprise there then!

so the usual games then...

the dmp provider nor yourself did any checks on the debts before payments through the plan started.

have you got any paperwork yourself?

if the oc terminated the agreement then its rather out of order

for a debt Buyer to add interest .

but typical of link to pull this stunt.

dx

Ok - so, next step? Pull out all paperwork ? Both debts are enforceable - what do you suggest?

ppi ? penalty charges?

store cards or loans?

dx

Loan with GE Money - I don't think I had PPI with them though.

What happens if I just refuse to pay the interest?

I suspect the only way you will get Link to comply is in front of a judge... Thats my thoughts on Link.

Deal with them in writing and tell them they have to comply with removing the interest because its not fair that they have added this.

Check again your GE account for ppi, it's very unusual for them or the person who set up the loan to have not also added ppi.

Just found a letter saying I have PPI on the GE loans - so I ahd better get the ball rolling eh?!

since writing last ,

Link have finally decided to send one of my debts to their solicitors.

I have paid back the debt but because they added interest AFTER it had gone to PayPlan,

the "debt" now stands at £1875.

But I have actually paid back the debt.

It is enforceable. So what shall I do now ?

Tempted to SAR them and take it from there.

What if they take me to court?

I have paid the damn debt!!

so did you get the PPI back on the cards?

sorry but you should have stopped paying years ago.

kearns are nothing more than a change of letterhead in the same printer.

you keep saying these debts are enforceable

who says?

we've never seen the CCA returns for each one.

no you don't sar a DCA

if the cards were terminated by GE money

then a debt buyer cannot add interest

the agreement [the act] has been terminated.

you are being fleeced blind..

nothing new for link mind.

dx

Many thanks for your answer. However, I need to make one thing clear, these debts are not for store cards. I have no idea who put this in the title because it's not true.

They are for a front door and two windows and were loans from GE Money.

The debts date from 2005 and 2006.

I haven't paid them anything for at least 18 months. During this time they have not contacted me other than to send me statements.

I know I have paid back the original amount since I defaulted in October 2006.

I paid into Payplan untilDecember 2013.

I also know I have paid more than the original debt.

I do not agree that I should pay them unfair interest applied after I had gone into a DMP.

Link have now passed one of the accounts onto their solicitors.

My question now is what do I do?

I do not want to go to court.

After all this time and now seeing light at the end of the tunnel, I do not want to go through the ropes all over again.

Do I ignore?

Do I wait and then challenge?

What?

The debts are enforceable - I CCA'd them a couple of years back and they produced the original documentation.

Again they cannot add anything after the agreement was terminated. You've fallen hook line and sinker for their tricks

Ok, thank you for that.

What do I do now though as its been handed over to solicitors?

sorry store cards was me

even worse then if its silly loans

the interest as you say should have been stopped when you went into the DMP with PP

does the T&C's state they can charge interest after its been sold/terminated

I bet not.

if the extra interest had not been added

the debts would now be clear.?

ppi time then

dx

The debts are enforceable - I CCA'd them a couple of years back and they produced the original documentation.

If thats true then somethings amiss. Link would have taken you to court a long time ago if they had valid cca's in their posession.

sorry store cards was me

 

even worse then if its silly loans

 

the interest as you say should have been stopped when you went into the DMP with PP

 

does the T&C's state they can charge interest after its been sold/terminated

I bet not.

 

if the extra interest had not been added

the debts would now be clear.?

Yes, the debts would have been clear.

what do I do with the Solicitors then? I

don't know about the T's and C's -

I will fish out tomorrow.

Still leaves me with the question of what to do with the solicitors.

I think it's time to raise a complaint to GE Money and Link... Do you have the CCAs? Can you post them up?

I can help pre legal as best as i can...

If we can tie them up, it will prevent legal action being taken ideally... And if they reject, we can refer it to the FOS... That'll tie it up even more

Yes, I will fish them out later. Thank you

FYI the FOS would more than likely rule in your favour should it need to go that far... If they do attempt to go legal while they are being tied, it should bring a halt to the proceedings while your "Concerns" are resolved.

This will be the contractual interest due and the T&C's would allow for this to be applied.

Sounds like it would be either a home improvement or holiday ownership loan from GE Money.

If a judgement has been entered then the terms of the judgement will allow for this interest to be added.

FOS will have no jurisdiction in this if that is the case.