bump for #71

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Docman, To be honest, I am just glad to see the end of the matter. It would have been nice to get back the £2500 plus I paid to Paragon when they first contacted me. They bullied me into this very badly threatening the loss of my home, prison etc, when they had no rights to do any of that, or even proof that I even owed the money!, plus the costs incurred since, everything by special delivery, some 30+ letters at about a fiver each, but I am not sure whether I could handle the stress of dealing with it! I do thank everyone for their help and I wonder if anyone has any ideas whether I could even claim the money back and who I would claim from? The owner of the debt now or Paragon, who recieved the money? All advice greatfully recieved. Bigsadman (although now not quite so sad!)

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Job done, Thanks caggers. Bigsadman

Success, Recieved a letter from Arrow today explaining that on re-looking at the case they admitted the debt is Statute Barred and the legal action will be discontinued immediately. They also state the matter is now closed! Thankyou all for your help and advice, it has been invaluable. Bigsadman

Thanks Doc, that is what I have been led to believe also. There is a gap of 7 1/2 years and I am was living in the States from a while after they say the last payment was so I know for deffinite there is a gap of over 7 years! I will add that to the letter and see what happens. Cheers again. Bigsadman

Bump for 63 Thanks Bigsaman

Thanks Docman, The original term was for 3 years so AG would not have bought the loan until a long time after the natural end of the agreement. So I guess that avenue would be closed to me. I will send the letter to AG within the next few days. Should I mention that their own evidence, ie the statement, shows the debt to have been 'statute barred' before they bought it and as such will always remain so? Or do I still need to hold this one in reserve incase they manage to obtain the documents? Should I send a copy of the letter to the court or just to AG? Thanks, as always, Docman, Bigsadman

Bump for 59 Thanks Bigsadman

p.s. The agrrement I posted earlier in this thread was the original application form, which I still do not remember filling in! Does this count as the original credit agreement? I am assuming not as they are now using a reconstituted agreement and that either they do not have the original document or they dont think the one they previously sent would stand up in court. Any thoughts on this? Bigsadman

Docman, Many thanks once again. They did quote Carey vs HSBC. I know deep down that there are so many holes in this case that I am sure it wont go against me but it has got to me so badly it is making me physically sick regularly! This site and the people on it, like yourself, who are giving up their own free time and knowledge for no return are probably the only thing that have kept me going and stopped me from doing something very stupid! I cannot begin to thank you all enough. I will wait and see what the next step will be and will post again soon. Thanks again, Bigsadman

Bump for post number 54 Thanks

Bump for Docman, Thanks, Bigsadman

No, it did not, I requested that in my initial defence as per your excellent letter. On another note, does a loan application count as a credit agreement? As that is the only document they ever sent me prior to this, and now they have sent only a reconstituted agreement! The statement they have sent clearly shows the debt to be statute barred with an eight year gap between the last previous payment and the payments I sent to paragon before I realised my rights. They bullied me horrendously into those but I have no copies of communications from that time, only from when Arrow took over! Am I still entitled to submit an ammended defence? Thanks Bigsadman