Owing money might not be, but ignoring the fact?

Well I decided to apply for a credit card from both Aqua and Capital One to test this out, given my *cough* excellent credit history... I got refused for both

That's exactly what i'm wondering, but I do have to admit that the potential repercussions of ignoring them are slightly worrying to say the least. Perhaps i'm being stupid, but can I get a criminal record if they do actually take action? I have a perfect record and really wouldn't want to tarnish it. And no assets at all. Thanks for your suggestion I was wondering if I could send the CCA request, have them ignore it, issue me a court summons and then produce the original agreement in court? So, by the same theory, is it possible for me to deny all correspondence with them so far? And will do the rest Thanks for the advice.

I feel that (after reading through this forum quite a bit), that the general view on this forum is that the banks and other financial organisations should not be giving these loans out in the first place to people that obviously can't afford to pay them back, which is my position. I certainly won't feel sorry for either Barclays or Lowell's if they never see the measly 4000 pound (now 4400) that I borrowed, and if they can't produce a credit agreement... I'm pretty sure that Barclays put some unfair charges on my account when I used to bank with them and went informally overdrawn a few times. I'm pretty certain that Lowell have added their own charges to the original loan also. I took a look at my financial report again today, Barclays haven't put the start date of the loan, or date they defaulted the account, i'm doubting they have the original credit agreement, and if that is infact the case... then there is no chance that Lowell's will. Also, how can a default be legible without a start date? I have 3 defaults and I didn't receive notice for any of them, or notice that the debt had been sold on to Lowell.

Could I start a claim against Barclays and Lowell Financial (I haven't sent the CCA request yet) if I find they have charged me at any point? Also, if they can't produce a Credit Agreement, then the loan didn't really exist, right? Does that mean I could get my defaults removed?

I'm interested in this too, as I currently have an informal overdraft with HSBC and I know for a fact my brother has been charged a lot for going informally overdrawn a few times, but how would he (and I, if they charge) claim the cash back? I was also wondering if you can get cashback when you have an informal overdraft?

Thanks a lot! I guess i'll update this thread in around 12 days or when they send me my original CA, or not... whichever comes first

Ok, thanks a lot. Only I can't find a CCA and Deed of Assignment request template Also, i'm happy to pay what I can afford, it is my debt afterall... but I would rather not as i'm not really in the position, so I am kinda hoping that it is unenforceable.

Thanks a lot shieldblaster I'm just wondering if sending them a CCA request is an acknowledgement of the loan?

Any advice is greatly appreciated.

Well I was young and stupid and got a loan for a family member that I thought I could trust who runs a pretty successful business... but like thats gonna stand up in court. And no, i'm a student living on borrowed cash. I would appreciate some advice on how to negotiate with Lowell's as I have heard a lot of bad stuff about them, the balance is already 300 quid higher than the original loan that I payed 300 quid of! (I checked on Experian ) and I don't want to be bullied into paying out what I can't afford or paying more than I need to out (and on a side-note - could I get the interest frozen?)

Hi all To cut a long story short, I took out a pretty big loan from Barclays bank around 4 years ago and I haven't paid any of it off. The bank themselves seem to have gave up contacting me around 3 and a half years ago and I started to receive a few letters from Lowell Financial (my mother returned some as I wasn't living here) and after that I didn't hear anything, until now. Thismorning I received a letter from Lowell Financial claiming that they have recently had mail that they sent to me returned and have now taken steps to confirm my residence using a credit reference agency and 'various checks'... I haven't returned any letters for years. Next they say that they now intend to take further action against me in order to recover the outstanding balance and that this action could include either an agent visiting my address at a date to be advised or legal action... then at the bottom of the letter it says "Unless we hear from you with 48 hours from the date of this letter we will instruct our agents Red Debt Collection Services to take the appropriate action". I have a feeling that Barclays may have wrote the debt off, but how can I check? Also, where can I get a free credit report online? And lastly, any advice on this matter? Thanks in advance for any help.