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About Sid!

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    Basic Account Holder
  1. Hi all, It is now well over the 12+2 days and I have had no response from Intrum or for the two debts with Link Financial (my letters where sent 16.07.20) I have had another reply from PRA where they basically send me some MBNA statements. In the letter the admit that they have deemed the debt as unenforceable until further paperwork is received. Furthermore, they state despite it being unenforceable they can still; legally contact me to ask me to pay what I owe pass my details on to a third-party collection agency continue to report my account with credit reference bureaux (as appropriate) I suppose I now have 3 questions; a. Is the above what PRA are saying true? b. If they ‘pass on the debt’ (I read this as sell it) do I just send the same letter again to the new company? c. Can I now write to all 3 of these companies and ask them to remove the defaults on my file as the debts are unenforceable? Many thanks
  2. hi guys, The first response is in from my CCA request from PRA Group, they have returned my £1 PO as a 'gesture of good will' lol and stated the following; "I am in receipt of your corespondent in relation to the above (request for info. section 77-79 CCA1974) and have requested the required information. Until this is received i have placed your account on hold which will cease any further collections activity until further notice" Does this mean they haven't got the Credit Agreement or will they try and get it off the original lender?
  3. Thanks for all your help thus far guys, CCA letters printed and I will be at the Post Office in the morning to add the £1 postal order and issue the letters by recorded delivery. For now all payments stopped and I will update you in 2 weeks time (where we will be on to the SARS letters I think). Superb website! Best regards, Sid!
  4. Hi can you give me the link please? I am new to this site and still trying to learn/navigate it I am sending the letters today. Last question. Should i advise them in the letter that all payments are going to stop until they give the info requested or should i simply stop paying anyway from my Augusts due dates? Do they have power to send bailif's etc proceed to court if i stop paying? they don't have my phone number which is good but i will expect letters once i dont pay Sorry just noticed re; Link Financial - these are the master server for 2 of my debts. HBOS assigned the accounts to 'LC Asset 1' and their registered offices are in Luxembourg! Do i send the CCA request there (to LC in Luxembourg) or to the LC PO box in London? or shall i send it to Link Financials office in London - HELP!
  5. Thanks for the advice it’s appreciated. How come the OD one is special?
  6. Hi I use Martin Lewis Credit club and if I click on the defaults they say ‘account settled’ and the dates range from December 17 to Feb 18 under each tab. It also states the name of the new debt owner now and says last updated. Will that be the default dates or will I find it elsewhere?
  7. Hi thanks for the advice... can you explain what HBOS and SAR means please?
  8. I believe i have found a useful link on CCA's! https://www.consumeractiongroup.co.uk/topic/332502-cca-request-consumer-credit-act-1974-updated-january-2015/ I suppose my next question is, if i send the letter and they a) don't respond in 12 days or b) are unable to send me the agreement - what next?
  9. Hi they are; 1. Halifax Credit Card 2. Halifax Overdraft 3. MBNA Credit Card 4. Sainsburys Loan
  10. New to this site and after advice please Not Sure if I’m in the right place (on the site) so hopefully this gets seen and I get some help. I will set the scene with my current, ongoing situation. I have 4 debts of which I manage myself now (used Stepchange for 1 year) paying each company collecting a small amount per month (total monthly payment £75 all in across the 4). The debts and ‘collectors’ managing are as follows in order of approx balance lowest to highest; 1. Wescot (Now owned by Link Financial but managed by Wescot) – Circa £1,300.00 2. Wescot (Now owned by Link Financial but managed by Wescot) – Circa £1,450.00 3. PRA Group (purchased the debt) – Circa £3,300.00 4. Moorcroft (Now owned by Intrum and managed by Moorcroft) – Circa £26,000.00 My goal is to have ‘got rid’ of debts 1-3 at least by Jan 2021 and I will be offering full and final settlement. I have downloaded the letter template from the National Debtline site and will be using it for the main body of each offer. I fully understand the importance of things in writing if offers are accepted, but I do have some questions. Obviously my offer is not for 100% of each balance. Interestingly on the big debt, number 4, Moorcroft emailed me to say a revised settlement offer is on the table, intrigued I rang them and just like that the gent said they would settle for 50% of the balance! So, once 1-3 are out the way I shall be really chipping away at this one with renewed optimism! But naturally due to the amount we shall park that one for now. For weeks now I have been reading up via this site and others on F&F offers and seem to get the jist of issues other guys have had in the past. I suppose my main questions are as follows; a) Prior to offering anything can anyone explain the ‘notice of assignment’ and why this could invalidate any of my debts above? Or just explain NoA in a bit more detail/offer links for research etc. Basically is this to prove that its legally owned? b) If I do agree a settlement and my credit rating is updated will this improve my score? Currently I have 4 defaults, which i am told will drop off my credit score in 3 more years (defaults listed in 2017) but by offering F&F am I speeding up the process of a better rating sooner? i.e is there any point in the F&F offers, as it stands i could leave the £3k i am willing to invest on clearing debts 1-3 in my bank and carry on paying the small amount i am to each company PCM - whats the benefit of settling, if any? I know i will be paying for years and years if i don't settle. c) Emailing my F&F offer – would it be ok to start the negotiations via email (saved in their own subfolder forever) or is it best to send recorded letters (I have noticed letters are advised usually) d) With debts 1, 2 & 3 they are run by Wescot and Moorcroft but 'owned' by others now, do I send the F&F offer to the ‘managing agent’, lets call them, or to the owners of the debt? e) If I agree a settlement, why is it best to pay via a 3rd party (say my mother?) I have read this advice on other threads - if anyone can shed some light it would be appreciated. Thanks for your time, I know I have asked a lot but really looking forward to your help and guidance! Best regards, Sid
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