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About londonrabbit

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  1. Interesting - Capquest have now told me they aren't dealing with this any more and it's been sent back to Natwest - is that a good thing do you think? I have complained to Trading Standards as well as per your advice.
  2. I'm not sure I can ignore them completely - can anyone answer my questions about Trading Standards and whether their letter's heading actually mean anything if not written by a solicitor? Thanks!
  3. I've just had another letter from Capquest. I know they got my previous letter but they don't acknowledge any of the points I made in my letter i.e. they are wasting their time. Their letter is called "Letter of Claim" and is headed "Letter of Claim under the Practice Direction - Pre Action Conduct". Should I be worried? I'm not sure that means anything unless it's sent by a solicitor? I may try and phone them again and try and make them see sense. I will also speak to Trading Standards - officially as far as Capquest are concerned (they have my parents address and I don't want them to have my English address) I live in Scotland so do I report then to Trading Standards in Scotland or in England given they are based in England?? Thanks again for any help - my solicitors are way too slow so I've given up with them.
  4. That's very useful. Thank you to both of you. I'd already written to Capquest but if they write again (which I expect they will) I will report them to Trading Standards.
  5. I am very confused by a dispute I am having with Natwest. I have a loan with them and they have written to me saying that they cannot find the agreement and they don't even have enough information to reconstruct the agreement. Despite that, they have given my loan to Capquest. I wrote to Capquest enclosing a copy of the letter from Natwest, but they are still writing to me and threatening me with court action. I have just written to them again basically saying leave me alone. They are wasting their time aren't they? Or do they know something I don't? I really don't understand what is going on. I have a lot to lose if they were able to take me to court. My solicitors are not much help - they took months to write to Natwest so I think I'm better off doing it myself. I really don't know what to do. Any help gratefully received!
  6. Ok, thanks a lot to both of you. I have read up a fair amount but still found it a bit confusing and also believed (wrongly as it turns out!) that my situation was unique, as most people who challenge the legality of their agreements seem to being chased for payment, whereas I have been able to bury my head a bit.
  7. What was the outcome of your situation Questioning? I think my agreement (I still have a copy) has been set out properly. What I can't get my head round is whether it matters if they can provide a proper copy of the original signed agreement or not. I really don't know what to do. And if it is timed out because of limitation issues (if I leave it as it is and don't pay any more) would my credit rating be completely messed up?
  8. I reckon they will notice before the limitation period is up so I will probably write to them. I can scrape a monthly repayment together if I have to. I still am not sure about whether a loan is unenforceable if they can't provide the loan agreement though? Some things I read say that's the case, others disagree. thanks for your patience....
  9. Ah ok. I've made a bit of a mistake there then. I'm tempted to leave it and see what happens, or is that a very bad idea? Only problem is, it will carry on piling on the interest, and once it hits the "limit" of what the bank seems to see as an overdraft, I may be in trouble.
  10. They still send me statements for the loan account. They just don't seem to notice that I haven't paid anything on it. I thought the Limitation Act didn't apply because of the fact they are still sending statements, but in fact I have to acknowledge the debt is that right? Thanks
  11. Hi I'm new to this site and would really welcome some advice. My situation is rather complicated. I took out a loan in 1999 for a two year postgraduate course with a High Street bank, who at the time I also had a current account with. They set up a standing order to start the repayments after I finished my course. I paid them for a couple of years, and then one month my payment bounced as I didn't have enough in my current account. I then realised that they didn't seem to have noticed that the loan account was a month behind with payment, so I cancelled the standing order and waited to see what would happen. At the time I was very badly off and couldn't afford the repayments and to be honest I can't now either. The bank never noticed that I had stopped repaying the loan! They have carried on sending me statements and interest continued to be added (at a relatively low rate) but that was it. I did receive one automated letter two years ago that said they had noticed I hadn't made a payment to my account for a while - like the kind you receive if you have to fund your account to keep an overdraft. I made a small payment as I was worried but I heard nothing further. I no longer use the current account with them and the loan has never appeared on my credit checking file. I have a copy of the credit agreement but something has clearly gone wrong in their systems. The whole thing is very odd. Is it worth me writing to them asking for the agreement etc? Having read some of the info here, even if they don't have it, the agreement is still enforceable is that right? Sorry for the long post. I now owe them £15,000.
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