thanx guys glad its sorted, its defo a pass so just gotta sort out the next stage of solicitors etc now and paperwork, still on mcs and cl finances trail lol i will get that sorted too and then hopefully can draw a line under the whole thing and finally own our own house :) thanx for all the advice over the last few days, will still pop on here if i have more questions (most prob will lol) and will keep u updated too.

all sorted out today thank god, all gone through fine no probs, they cant explain why it failed last time but its gone through now so not worried, for now lol. am still going to sort out MCS and CL Finance etc etc so that can be stopped and sorted out.

we havent checked this no as we were told the solicitor would when we got to that stage, it failed us for the mortgage when the house details were put in after we had PASSED the credit score etc and we were sorting out the paperwork and was going to pay for the valuation etc, glad i didnt pay the £300 now as the mortgage was turned down, seeing the bank tomorrow with proof our credit ratings etc are fine we have no defaults or ccj's so whats the problem?

no no ccj's or anything only a default on my other halfs credit but thats now gone as its well over 6 years, cant see what the prob is cause how would of our landlords got a mortgage on it themselves, surely if there was a prob it would have shown up for them unless they have done something and put the house up for it as security??

ive checked 2 and they are pretty much the same saying my credit is fine, no longer showing a default on my partners credit as its well over 6 yrs ago now, got the letter here offering us the mortgage, it was when she put the house details in that it failed? not sure whats gone on all we know is we passed the credit score etc etc and they offereed us the mortgage only for them to back out of it, am seeing the bank tomoz to sort this out as we are now at risk of losing the house as we are buying the one we live in currently.

we've had absolutely nothing off CL Finanace about this debt, am in middle of writing a letter ot both MCS and CL Finance about this then i will stop the payments if i dont get answers, bit worried to stop them atm as we are trying to get a mortgage, checked my credit status on tues and it was showing poor, checked again this mornin and its now in the fine status so hopefully we can get things sorted asap regarding the house then i will be stoppin the payments. thanx for all ur help guys really appreciate it.

so that will show them selling the loan to CL Finance? do i need to write to CL Finance asking for a letter of agreement or something too? if they havent got one of them then can i dispute it? i need to sort this asap, i dont think this is whats holding up the mortgage as it has fallen off the crf, we did pass it first off but when the house details where put in thats when it failed which makes me think is there something registered that we dont know about against the house.? we private rent it atm. thanx in advance for all ur help

no MCS didnt send us anything or phone to say they had sold the loan in 2007, it was only when i phoned them to ask how much we owed on the loan this year did i find out they had sold it.

If there was no letter of assignment to you, then it was not legally assigned so the debt can be disputed that was taken off my last post called old debt, we've had no letter of assignment of CL Finance well no letters at all. only the one after i phoned asking how much we owed and how much to settle, we did this on the advice of a mortgage specialist, i asked them bout owing the loan and got the reply yeah we have since 2007. so i said well its 2011 and we've had nothing from you whats going on and the phone was put down. really need to get this sorted. we passed the credit rating when we went to sort the mortgage out and then when the house details were put it thats when it failed. the lady sorting the mortgage out was stunned as we HAD passed the credit rating we were just finalisng details at that point. so we dont know why they wont give the mortgage now.

yeah its dropped off the file, it was only showing on my partners but now not, it was on this site that i got told about CL Finance. im paying the £20 a month standing order to them now not mcs, if i cancel it will they chase me?? not happy paying it but dont want to be stuffed up if i stop paying it. ill post the bit about CL Fiance now once ive found it.

we had a loan in 2004 with HSBC which got passed to MCS (HSBC in otherwords) and we agreed to pay £20 a month. we've never had any phone calls or letters off them even though we have wrote to them telling them of change of address in 2007 but phone numbers are the same. now it gets trickey lol, in oct 2007 they sell the debt to CL Finanace who again dont contact us saying they own the debt or anything, ive never given them permission to take the money out my account think mcs must have set that up. it no longer shows on our credit file thank god but we are having trouble getting a mortgage, if we dont get one we lose the house we are in:(, looking on the net ive found it was illegal the way CL Finanace have gone about this as they have to by law tell you they own the loan and they never have. how can i go about sorting this out? and what if i stop the £20 a month payment will they chase me for it and stick it back on my credit file?

yes it did appear orrignally as a default but as we pay £20 a month standing order (which was set up by mcs) and the fact that it was over 6 years in october that it ws origanlly defaulted on it now shows as a 6 i htink on my partners credit rating. we had a letter off cl finance stating a settlement fee of £8,000 but we have had no other letters from them, i only had this letter sent as i contacted them, about this debt. we are seeing a fainacal advisor on friday and hope he can help us as we really need rid of this. we have all relevant docs including the original loan agreement (had to order copy from hsbc) and statements of the loan when we were paying it.

hi it doesnt appear on my credit file but it does on my partners even though the debt was joint????? they say they purchased the debt in 2007 but thats news to us as we werent told they were the ones that had it, i have asked for documentation regarding this off them and how much they want for settlement and they want £8,000, considering we took this loan out in match 2004....

hi we had a loan with hsbc 7 years ago for £10,800, the idea of it was consilidation of all our debts. we paid it for 6 months before we found that it went well above what we origanlly took out and went to citizens advice for help. we got told to stop paying the loan and that it would get sent to a debt collector and after 4 years it would get written off. we did this and it got sent to mcs for payment which we we were happy to set up and pay, never missed a payment. we found out last year that it got sold to CL Finance. we were never told of this so the payments were being made to mcs then being sent to cl finance.... we are now trying to get a mortgage and need help in trying to sort this mess out as its not been written off like we were told by citizens advice and we have had no letters etc of CL finance so we dont even know whats happening with the debt/loan etc etc, any help advice would be helpful thanks