I have a default notice on my credit file from a group called Compello group. Seemingly they have acquired the 'debt' from Welcome finance and have a default notice that they have dated 2010. The debt is from a HP agreement for a car, which was given back (they collected it) after just over half was repaid. I have had no dealings with Welcome since that day. Although unsure of the year the car was picked up in, it was definitely picked up at a house I stopped living in over six years ago. I have been in touch, for quite a long time now, with a rep from Compello and after treating each other nicely with pleasant emails back and forth, she has mailed me today to say Welcome have confirmed that the default is from 2010 yet have offered no paperwork to back it up. I have been in contact with her since August to get this far, what can I do now because I know that everything about this is wrong.

I had a car off Welcome and am sure it had PPI insurance on it and I intend to claim it back, how can I find details of the agreement? I don't even remember what year it was.

Again, thanks to everyone for their help. The money has been paid and it is a weight off my shoulders but I may do some of the things suggested on here. Does it matter that I have paid them out of desperation? I do not feel the elapsed time of the debt applies to me because it is definately within 12 years. A kind poster on Moneysavingexpert pointed out that Lloyds TSB agreed with the Council of Mortgage Lenders that they would not chase mortgage shortfall payments if the debtor could not be contacted within six years of the property being sold. This is without a doubt my scenario but the CML appears to have no means for consumers to air their grevancies. I know it is a little cheeky but could someone condense the ways that I have a chance to get this money back. Please help someone more needy than me but if you get time give me a pointer please. The way I see it I need to find out how they sold my house and how they marketed it. They need to prove that my debt belongs to them. It was originally with C&G, do they need to show original documentation? That type of thing.

I will take them up on their offer. My main question originally was why they were not negotiating. This is a weight off my mind, thanks very much all for your help. Superb bunch of people. Thanks

BIG DEVELOPMENT Just recieved this from an email i sent yesterday Without Prejudice Dear sir We refer to your email dated 9 September. We are instructed by our client that they will accept the sum of £3000 plus the costs incurred in the court action to settle this debt. Costs to date are £4397.00 made up as follows: Solicitor’s costs ]£3,277.00[/font] Court fee on petition[/font] £605.00[/font] Enquiry Agent/Process server’s fees[/font] £300.00[/font] Hearing agent fees[/font] £175.00[/font] Court fee on application notice[/font] £40.00[/font] Total due in settlement[/font] [£7,397.00] Your faithfully

Something happened in May. My memory is not very good. It went to court and I knew nothing about it because I had not recieved anything. Anyway, I got the judgement delivered to me at work but they spelt my name wrong and had my address wrong. I rang the courts up and the clerk said he would note this and that the judgement would not stand because (I seem to remember) they are not allowed to get 2 major things wrong. I have no record of the offer but they will have, the offer was made by them.

Thanks all for looking in. Hopefullly I can answer the last 3 posts by just typing what I have in front of me. This is the first page. *in a box top left* This is the Petition referred to in the Statement of Truth of Emma Victoria Lake, dated this day 30th June 2008 *then signed by her, whoever she may be* rule 6.6 In the *my local* County Court In bankruptcy Re: Mr *my name* we Lloyds TSB Bank PLC *their address* petition the court that that a bankruptcy order may be made against *my name and address* occupation-Unknown Nature of business-unknown and say as follows 1 the debtors centre of main interests has been *my address* 2 The debtor has for the greater part of six months immediately preceding the presentation of the petition resided at *my address* within this district of this court. 3 The debtor is justly and truly indebted to us in the aggregate sum of £19847 in relation to a judgement dated 3 april 2007 of the *my local* county court in preceedings entitled claim number ******. The debt is in respect of monies due under a mortgage advance following the sale of the mortgaged property situated at and known as *old address*. The property was sold on 20 may 1998 in the sum of £26,950. The proceeds of sale were insufficient to redeem the mortgage account and the balance outstanding is £19847 4 as from 1st October 2007 pursuant to section 212 (a) of the financial services and markets act 2007, Cheltenham and Gloucester PLC debts have been transfered to lloyds TSB PLC. 5 The above mentioned debt is for a liquidated sum payable immediately and the debtor appears to be unable to pay it. 6 On the 19 May 2008 a statutory demand was served upon the debtor by personal service before 1700 hours in respct of the above mentioned debt. To the best ot my knowledge and belief the demand has neither been complied with nor set aside in accordance with the rules and no application to set aside is outstanding. 7 We do not, nor does any person on our behalf, hold any security on the debtors estate, or any part thereof, for the payment of the above mentioned sum. There is then an endorsment on the back page

Hi Andy Sorry you thought your advice was ignored, it was not. I will be putting the form in today and appreciate your advice very much.

I shall do that today. I do not know what I will put in the reasons box though. The money would be borrowed from relatives.

Yes. Over umpteen emails. I am beginning to think my plea of poverty may be working against me. This is the email I sent their CEO To Eric Daniels Dear sir Your company is making me bankrupt for a long overdue debt that I will admit was wrong of me to accrue. I have had the debt for many years and have never been in a position to pay it off. I have bankruptcy proceedings against me on the 18th of September where I shall be declared bankrupt and, due to me having no assets, your company will have no money from me. I have tried to negotiate some kind of deal with your recoveries dept via your legal eagles at Sprecher Greer Halberstam LLP, namely Mr. Medcraft. Your collections team have offered to cease the bankruptcy for £15,000 which is a vast amount for me to find. I offered £3000 which is the sum that your collections dept said they would accept some time ago, the now say there will be no more negotiating and it will go to court. Why is this? Is it not better for the bank and it's shareholders that they recieve some money rather than bankrupt a near poverty level individual? I do not want to be made bankrupt and I certainly cannot get £15,000 together, is there anything you can do so that common sense may rule the day?

I could pay the full 20 if I wanted to. This would take a lot of doing but is do-able. But I would not feel good offering 10k if they would have taken 7k. I find the lack of haggling odd, why would thay not want some money? I have sent an email to the CEO suggesting that the company owes it to it's shareholders to accept a fair offer. Is this normal? Are they playing unbelievable hardball?

Of course I would. You seem a lovely person.

I have not seen anything. I just assume they are watertight.

I need some help here guys please. I cannot afford to go bankrupt. do they negotiate outside the courtroom like they do in courtroom dramas. I am not believing I can get away with this but I need to pay as little as possible.. Can anyone help?

I need some help here guys please. I cannot afford to go bankrupt. do they negotiate outside the courtroom like they do in courtroom dramas. I am not believing I can get away with this but I need to pay as little as possible.. Can anyone help?

Don't abandon me:eek:

It was definately earlier than 12 years:( And I may have agreed to owing them money:evil:

There are no options. it just says if I want to oppose it (my words, the docs are at work) it must be done 7 days before

I love hearing stuff like this:) How do I oppose it? on what grounds?

how do you mean acknowledged it? I have offered them money. I was under the impression that mortgage debts last a lot longer than 6 years.

You are both correct. I abandoned the house and they sold it. Now they are after the 20k outstanding

Hello all. I got refered here from moneysavingexpert.com and I hope you can help. I have so many questions that I do not know where to start. I am being made bankrupt by Lloyds TSB for a mortgage I ran away from in 1996 or 1997 with my then wife. They want 20k off me, which in my mind is a silly figure but I am sure they are watertight on it. I was recently negotiating with them and I offered 3k they said they wanted 15k. They offered me 3k as a settlement about 12 months ago. I have only been in contact with them through their solicitor and have spent 2 weeks waiting for a reply to a begging email asking for a more lenient settlement. I emailed him to see if I had missed anything he may have sent and he said they are not negotiating anymore and will just go to court. This has me very worried, I just thought we would haggle and come to an arrangement. I, wrongly, assumed they would prefer some cash to making me bankrupt. I have looked at my bankrupcy summons and I have to put any opposition in 7 days before the court date. The court date is next Thursday. I know there is a lot more to be said, and I will answer any questions, but here are a few questions I would like answered. The biggest one; Why are they not negotiating? Am I liable for my ex wifes half? She lives in Thailand. What can I petition against this? Can I get the court date set back to better prepare myself? Does the judge have any powers to amend the amount owed? Thanks in advance I have re-posted this from another forum for more help

I shall try on there as well, thanks a lot.

Thanks What forum should I be on do you think?

Thank you very much for that.