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Found 29 results

  1. Received an email today from Asset Collections advising that they have initiated a County Court claim against myself for 3 Lending Stream loans in 2014. My 3 loans were: Start Date 18-May-2014 End Date (As per the original agreement) 30-Oct-2014 Loan Amount (including FPS fee if applicable) 140.00 Outstanding Principal Balance 55.01 Total Amount Paid 218.27 Arrears Payable Including Charges 55.01 Start Date 27-Jun-2014 End Date (As per the original agreement) 27-Nov-2014 Loan Amount (including FPS fee if applicable) 220.00 Outstanding Principal Balance 72.61 Total Amount Paid 222.19 Arrears Payable Including Charges 147.41 Start Date 26-Jun-2014 End Date (As per the original agreement) 27-Nov-2014 Loan Amount (including FPS fee if applicable) 200.00 Outstanding Principal Balance 66.02 Total Amount Paid 201.98 Arrears Payable Including Charges 134.0 As you can see, the 3 loans I had totalled £560 and I had actually paid back £642.44 yet Asset Collections say they're taking me to court for £423.80 (£336.44 plus interest and court charges). I've only just cleared my file of my last CCJ and have started to repair my credit so another is the last thing I want. Would I have a leg to stand on if I appealed ? I feel that £423.80 (even £336.44) is excessive considering I've paid back the capital and then some already. Can anyone advise? If I have to pay it, I will as I just don't want another CCJ. Thanks
  2. Hi I started a Ppi claim with Lloyds a few weeks ago there were 9 old loan account from 1992 to 2000 with Ppi. I should have my response in Aug. But this week I have received 2 letters in the same envelope to old address even though Lloyds have new my address due to claim. One is from Lloyds saying they have sold my debt to asset link the other from asset link. I know there's a Lloyds charge on my old house from 2006 (ex wife and kids live there but my sole mortgage) as its on land registry. Any one know why I've been sent letter? I assumed they would offset against any debt anyway. Any advice on what to do I will upload letter off asset link. PDF Photos 16-07-2016.pdf
  3. Investigation leads to shutdown of ‘asset recovery’ company that recovered no assets READ MORE HERE: https://www.gov.uk/government/news/investigation-leads-to-shutdown-of-asset-recovery-company-that-recovered-no-assets
  4. Hoping for some help here. I was getting chased for a debt to Lending Stream that I didnt remember getting, however Asset Collections was chasing me so I was speaking to them a few times and the debt was from Several years ago. I agreed to pay it back to get it off my chest, however, on one call, I was told by the advisor that my DOB didnt match the debt therefore the debt was not mine. So I asked to receive original copies of the credit agreements. Next thing I knew, I received a CCJ notice from Laganside Courts and since then I have been in dispute with TM Legal services regarding this. I asked them to again to supply a copy of the original signed agreement. Failing this several times and sending me a few emails saying hold period expired they sent me what they say is the original agreement. It was password protected so I phoned TM Legal and they said this would be my date of birth as on the original agreement - but this wasnt accepted. They then replied telling me the password. On this, there was no confirmation of personal details such as DOB and it wasnt signed. I queried this. Each time I phoned they tried to get me to confirm my DOB which I refused. Now they are saying they are going to enforce the CCJ. I dont know my options now as they are refusing to supply any further information and state that if I want to dispute the debt with them it would cost me £250. I informed the agent that as they have failed to supply me the information I have requested several times I now am informing them that I believe this is now harassment. Any help please would be appreciated. Cheers
  5. hello, i have been a Barclay card holder for 20 years , six years ago I had to pack up work and could no longer afford the full monthly repayments I phoned Barclaycard and we came to an agreement that I could repay a fixed amount per month and that they would cancel the intrest, as I say this was six years ago, does anybody know why now they would transfer my payments over to asset link(no5) limited, and not just continue to receive payment themselves, ,,strange
  6. Hi, I have received a claim form from northampton bulk centre with asset collections as the claimant. The original loan was from lending stream who sold it to asset, I dont mind paying it but the amount has grown somewhat from the last dca who chased it and i cant afford to pay that much back. I have responded to the claim at moneyclaim. help needed please
  7. hi, could somebody explain the purpose of a termination notice? i have been served a termination notice 14 days after being served a default notice which i believe to be correct. however i have been served another default notice which is dated the same day as the termination notice. also i am still receiving threats of fees and charges and am wondering the point of the termination notice.
  8. Long story - old outstanding debt with Lending Stream got sold to Asset who wanted to take me to court. I defended and was referred to mediation which I thought was successful. I have been religiously paying the amounts agreed since last August and now I am emailed by their 'accounts' department stating that they have not received my payment. The reference number also does not correspond to that of the original agreement. I have sent them PDF proof that I have made the payment and they advised me to contact their litigation team with the evidence. The email address they gave me did not work. I really don't want to speak to them. Any advice please? I am terrified that they will say I have broken the mediation agreement and proceed to a CCJ. I am not able to go to court due to ill health. I can't pay the whole amount either.
  9. Hi. i have read through quite a few similar threads (Including one very similar and very recent), but will submit my own anyway. Name of the Claimant ? Asset Collections Date of issue – 01 jun Date to acknowledge) = 19jun date to submit defence = 03JUL What is the claim for – 1.Asset Collections & Investigation claim this amount in respect of an unpaid loan funded by The Lending Stream. The defendant failed to abide by the terms of the contract. Asset Collections & Investigation purchased this debt from The Lending Stream and subsequently sent a notice of assignment to the defendant to advise. 2.The defendant has failed to respond from the Claimant thus denying the claimant any opportunity in assisting the Defendant in attempting to bring the matter to an amicable Conclusion 3.I will provide the defendant with seperate detailed particulars within 14 days after service of the claim form. 4.The claimant claims interest under section 69 of the County Courts Act 1984 at the rate of %8 a year from xx/08/2016 to xx/05/2017 on £1700 and also interest at the same rate up to the date of judgement or earlier payment at a daily rate of £0.40 What is the value of the claim? £1880 Is the claim for - a Bank Account (Overdraft) or credit card or loan or catalogue or mobile phone account? Payday Loan When did you enter into the original agreement before or after 2007? After Has the claim been issued by the original creditor or was the account assigned and it is the Debt purchaser who has issued the claim. Purchaser Were you aware the account had been assigned – did you receive a Notice of Assignment? Not to my knowledge Did you receive a Default Notice from the original creditor? Not to my knowledge Have you been receiving statutory notices headed “Notice of Default sums” – at least once a year ? Not to my knowledge Why did you cease payments? Payday Trap, buried Head in the sand What was the date of your last payment? Jan14 Was there a dispute with the original creditor that remains unresolved? No Did you communicate any financial problems to the original creditor and make any attempt to enter into a debt management planicon? No Timing on this is incredibly bad, i was away and was only able to open the claim letter on the 14th (At which point i acknowledged it) Not yet sent CCA or CPR - will be on that tomorrow morning recorded (To Claimant as no solicitor). Thanks
  10. Hey guys, Ive recently started receiving emails and letters the latest one says contact them within 10 days of the letter at my address. i took out a loan with Advant Credit a few years back and since then been in and out of work and now am slowly getting back on my feet as i declared myself bankrupt but have a restriction put in place untill 2021 something like that about 6 years ago & have these coming through the door. i was making payments didnt miss one repayment etc and then the direct debits stopped coming out so i just assumed i had paid it off about 8-10 months back. what is the best course of action as i am low on funds as my outgoing at the min are just covering my wages as i have csa back payments going out etc so i have no disposable income. i currently haven't been in contact with the lender or this company many thanks for your advice Re: Account Summary Customer Reference: XXXXXXXXX Original Creditor: AvantCredit UK Outstanding Balance: £XXXXXXXX Dear xxxxxxxxxxxxxx, We refer to the fixed sum credit from Avant Credit, regulated by the Consumer Credit Act 1974 – the loan agreement and any related guarantee being the Assigned Documents and the outstanding balance of £XXXXXXX from Avant Credit (Assignor) to (Debtor). Please contact us to help us identify a an affordable payment plan and to prevent your account from further collection activity. We appreciate that everybody’s circumstances are different and hence there are a large variety of ways we can set up a repayment to tailor to your personal needs. There are lots of ways you can make payments: Paying By The Phone Contact one of our friendly team on 0330 808 1580 who are available Monday to Thursday 8:00am to 7:00pm and Friday 8:00am to 5.30pm. Paying At The Bank Please find below the Asset Collections & Investigation banking details: Bank Name: Barclays Bank Account Name: Asset Collections & Investigation Account Number: 00629882 Sort Code: 83-27-34 Customer Reference: 307527 (THIS MUST BE QUOTED) Paying By The Post You can send us a cheque payable to: Asset Collections & Investigations Unit 1, Neptune Court Whitehills Business Park Blackpool, Lancashire FY4 5LZ Please clearly write your Asset Collections & Investigation reference number XXXXXX on the reverse of your payment. If you are not in a position to pay the account balance in full, we ask that you contact our team on 0330 808 1580 to look at setting up a payment arrangement. Our opening hours are Monday to Thursday 8:00am to 7:00pm and Friday 8:00am to 5.30pm Kind Regards, Asset Collections & Investigations
  11. Loan in partners name who is currently in very bad mental health. Have a claim form for old Lending stream loans from Asset collections. He wont be able to go to court, can I try and defend this or is it pointless? Also they have lumped at least 3 maybe 4 loans into one for this claim, can they do that? I know you will ask for the info from the letter but I probably wont be able to post it up until tomorrow sorry.
  12. Hi Been a while since I posted after being very active here once upon a time.. .about 6 years ago I got a few pay day loans (marriage split at the time, living away) At the time none of these places were doing the correct checks to see if you could afford the repayments. Wonga have previously written off £900 with me for the same reason... One or two others haven't bothered. Lending Stream sold this particular one to Asset and they've been chasing ever for a while... They have now taken me to court, despite my repeated requests for proof that the correct credit checks were carried out (I couldn't afford to repay the debts at the time as had too many going on) P , they simple ignored all my requests and I now have court date. As you can see from below,p they aren't bothering to send anyone as the debt is such a small amount (as they say). My argument here is still that they haven't proved the correct checks were carried out.. .Is this going to be ok to go to the judge with? Also going to say that loan might be small in their eyes but it isn't in mine and I have taken a day off work to attend... This is their letter to the judge ... They have (what they say) is the original agreement - was online so not sure how I can prove otherwise. I write in regard to above case and the hearing that has been listed for the ****** The Claimant respectfully begs your Honour to excuse the Claimant’s non-attendance in person and kindly ask your Honour to accept this letter as written notice of non-attendance in accordance with CPR Rule 27.9 1(a). We hasten to add that no disrespvectfulness is intended by our non-attendance, but we wish to save costs having particular regard to the fact that the claim is small. We ask the court in accordance with CPR 27.9 (1) © to deal with this application in our absence. We wish to ask your Honour to consider the reasons set out within our Witness Statement attached as to why the Claimant does not agree with the Defendants defence. In light of this the Claimant humbly asks your Honour to dismiss the Defendants defence and enter Judgment for full balance immediately. We also add that we have not received any documentation from the Defendant in support of his defence for the hearing. Please also be advised that a copy if this Witness Statement and Evidence has been sent to the Defendant via email. We thank you for your time in this matter and look forward to hearing from you in due course. With regards,
  13. Hi - apologies if this is on the wrong forum... My mum owns her house outright. She's 71 and wants to help me and my daughter to buy a property/see that we inherit the house when she passes away. Buying a house for us: Personally - I'm currently self-employed and don't earn very much, I'm reliant on Housing Benefit for my rent. She has a 18K deposit we could use, but obviously I can't get a mortgage with my current earnings. So the only option we can think of is Equity Release. Could somebody shed some light on this option as it appears to be a bad move from the research that I've done. Inheriting the house: We've thought about switching the house over into my name, so when/if she ever has to go into a home, the equity from the house wouldn't go on home fees? But in doing this, I'm assuming that I'd have to pay the bills on the house which I can't afford to do right now. Any help/tips/ideas would be greatly appreciated - thank you.
  14. Hi, In 2005 I developed long term illness and had to give up working. To cut a long story short I owed my bank (First Trust) approx £300 (I cant remember the exact figure) for a couple of direct debits that came out of my current account at the time. I also had a credit card (again with First Trust) and the balance on that was approx £600. I contacted the local Citizens Advice, got a payment plan set up with a token payment of £1 per month for the current account and credit card. ( I have paid every month ever since) At the time the Bank agreed to charge no interest on either the credit card or current account, although sadly I do not have this in writing anywere. The bank has now sold the debt onto Asset Link Capital and I have had a letter from them asking me to setup a payment plan with them but the £300 current account debt has now grown into a £1100+ debt! Its obvious the bank has been charging interest on this account all along. Interestingly, the credit card debt has not had any interest added to it. Im at a total loss as to what to do about it and would be very grateful for any help. I do not mind paying off genuine debt that Im responsible for but to charge that amount of interest is criminal. PS. After reading through some other cases is it feasible for me to request a CCA for the Credit card debt and I dont think a CCA would help with a current account? Thanks in advance.
  15. I had several loans from LS and repaid them, in the end I had 3 for about 300 each and became ill, self employed stopped paying and ignored them. Asset collections and investigations Ltd sent me a letter eventually saying they'd bought the loan for amount of 1475-00. They made me several offers to pay a reduced amount but I didn't have that either so ignored them. They said they'd take me to court which they did to CC Business Center who found in their favour and wants 1544-00 paid to Asset collections ect. I dont remember ever receiving a 'claim form' but the court said I didn't reply to it. Is it too late to do anything do I just have to pay asset collections or the court sends in the bailiffs
  16. Just received my Barclaycard statement which I was 2 days late paying so consequently they have charged me £12 plus £12 over limit fee, I've decided to reclaim the fees sending a copy of the template letter on this site (thank you) problem is I'm not sure how much they actually owe me, I've had the card for about 7 years and have been charged fees quite a few times. Any suggestions as to what I should do, can I send the letter without stating an amount and rely on their 'honesty' (Barclaycard & honesty, doesn't really work does it) I'd be really grateful for any suggestions from the experts , I'm so sick of letting them take my hard earned cash simply because I've been a day or 2 late in paying, have never actually missed a payment, thanks in advance.
  17. Hello I am very confused not least because my wife has walked out on our marriage after 35 years and apart from the relationship upset there is a considerable amount of property in the mix. Unfortunately she left in the last tax year so spousal transfer without CGT is going to be a massive problem. I have spoken briefly to a solicitor but he just confused me even more. I have no issue with the relationship split but the business split is going to be complicated for all sorts of reasons not least CGT. My wife and I are on talking terms and are both keen to get this done smoothly and cheaply. Is there any alternative to using a solicitor? We are business partners already and we are both happy for that to continue without disposal or divvying up the properties. Any suggestions greatly received>
  18. Hi.. .have received a reply from Barclaycard, they have sent a copy of Barclaycard conditions Leaflet, NO signature in fact NOTHING. their letter states sorry for delay, and goes on "The information we must provide to you under the terms of Section78 is prescribed by the Consumer Credit Act 1974 and by the Consumer Credit (Cancellation Notice and Copies of Documents) Regulations 1983. .This completes our obligation to you under section 78 of the CSA 1974. As I see it they have not complied with my original request for a signed copy of the original agreement ,I have also written to them stating they are in default.. ..what do you make of the letter. ..what is the next step please... ...Firstship
  19. Our company has experienced gross mistreatment by Barclays Bank and its Business Banking Relationship Manager, [removed]. After the request for an overdraft facility, we were forced to sell assets to fund investigative work for an external accountant, arranged by [removed]. Barclays Bank unilaterally changed the interest rates via side letters and charged us unnecessarily with arrangement, valuation and business consultancy fees. The Barclays Bank continued to charge us but never offered us any support. Did anyone have similar dealings with [removed]. or Barclays Bank you would like to share, so we can possibly build a case for potential legal actions?
  20. I have two cases with LTSB which are quite complex so please bear with me. Case 1: LTSB credit card debt pre 2007 - CCJ obtained by defaul at Northampton in 2011. I intially defended and it went to a full hearing which I couldn't attend due to family issues and my ental state at the time. They sent some big-time lawyer to the case which added £4K to the CCJ bringing it to near £19K with no interest payable. Got a variation order and have been paying £50 a month since 2012 without missing a month. Debt now approx £16.5K. I got a leteer last week from Lloyds saying they are passing the debt on to Moorcroft to collect. Why would they do that? It's not like I'm going to pay Moorcroft over a Court order? I'll obviously ignore Moorcrap, but am wondering what Lloyds are doing here? this CCJ dosen't show on ANY of my credit files or trustonline but does exist - I phoned the relevant court to see if there's been any movement on the CCJ and there hasn't. LTSB contacted me back in 2014 to tell me that their solicitor has been changed and that the court has been infomed. Well the court knew nothing about that when I phoned them a couple of weeks back so wonder if I can use that in some way? Case 2 Loan with LTSB - CCJ obtained 2011 - not defended as post 2007 - going through a bad time as above. Had the CCJ varied to pay £25 per month which I've paid without fail since. Got a letter from Asset Link in early July this year saying that they have bought the debt from Lloyds. In the same envelope was a letter from Lloyds saying the same thing. Contacted the court [Northampton] to see if there was any movement and they said no, everything was the same as 2011. Well, on a whim a couple of weeks ago, I phoned them back again and was told that the claimant was now Asset Link and had been since 2011 I was on the phone for over an hour with this guy telling me that I had obviously made a mistake and that LTSB were NEVER claimants. Finally he found a note on the file which was a bulk order from a judge changing the claimant from LTSB to Asset Link on a lot of accounts - not just mine. If I hadn't contacted the court, I would have known nothing about this - surely some CPR has been broken here? I have also contacted Asset Link asking for the original credit agreement from LTSB and the current statement of my account. They replied saying it would take them up to 30 days to get the info - it's been over 50 days now so it looks like they don't have it. Their solicitors have also contacted me telling me it's important to keep up my regular payments to the new claimant. I'm sorely tempted to just give up on these two debts. The total is just over £20K and even paying £75 a month as I have been, will take me over 20 years to pay. I'm self employed on low income, don't drive and have little in the way of assets for bailiffs to seize and I rent my home - so in all honesty, what have I got to lose? If you need any letters posted up, just let me know. Thanks for reading and I appreciate any help and advice you give.
  21. I had tills on lease purchase - put in lump deposit towards finance and then paid monthly. it was a 3 year deal, but unfortunately recession hit and i stopped paying, so only about 1yr in. initially they chased for cash and repossession of tills - havent got a problem with that but was reluctant to give back asset until a written agreement reached. meanwhile they have now served court papers going for a CCJ to recoup monies. but no mention of actual asset. MY QUERY is this... ... if they win CCJ [which to be honest is the least of my financial worries at the moment and my credit is shot to hell anyway; but I will put in an I&E to show difficulties with repaying to request a pay plan] are they still entitled to the asset? they do not mention it at all in their CCJ - do they waive their rights by doing the CCJ and not referring to the asset. selling the asset will not repay the whole debt. thank for any help.
  22. I had a debt with Monument Credit card that was bought by HFO. I got court papers in 2007 for them to get the monies owed. I spoke to them and was told to send the forms back to them and they would deal with it. Did all this and next thing i knew the court had ordered in their favor. They also obtained a charge against my property to secure the debt. As i owed the debt I just accepted it and we came to an arrangement to pay £20.00 per month. Balance was now £2,045.06 up from £1,477.56 as they added on cost and interest I think. I have paid this since December 2008 so have paid approx £1500.00. Around June this year the payments started to getting returned by the bank so I thought that I had finished payments. Today I received a letter from the Land Registry saying that Asset Link Capital(No5) have now been assigned the debt. I started to look up Turnbull and HFO and found they are not trading anymore. So I am at a loss as where to go do I contact ALC or go the courts? During this time I have only spoken to the a couple times on the phone and a few emails. I have never received any Statements only letters saying a payment was late a few days. Andrew
  23. i have had a Barclaycard for around 10 years and managed to run up big debts on it (aprox £12k). I ran into trouble after a period of being jobless and Barclaycard closed my account and agreed that they would freeze all interest on the account if i made regular repayments of £50.00 a month , at the time this seemed like a good deal overall as i wouldn't be getting charged interest and did genuinely want to clear the debt. I have just realised... (been sent a default notice by Asset Link Capital). . that payments for the last 3 months haven't left my account to Barclaycard. . am now paying £54.00 a month. . genuine oversight on my part don't often scrutinise my account. Asset Link Capital have told me by letter that i need to clear the payments they haven't received, which amounts to £162.00. Not having this amount of money to hand i rang Asset link Capital and asked them if i could just simply start up the repayment agreement with them to which they replied no, i will need to settle the late payments or am in breach of my agreed payment plan. when i asked what action they will take i was told they will apply a default to my credit record and "MAY" apply to the court to get full payment from me... currently £8000 ish... I guess my question is, why did i not receive notification from barclaycard that they were passing my debt on? they should have told me right? also... in layman terms what do their threats actually mean? Sorry for the long post Thanks in advance for any advice
  24. Hi CMI asset management. I can advise you that this company has gone to ground leaving at present no method of contact or information were they can be found.I have a county court judgement against them for £ 4530.00,which can not be served by High Court Enfocers .Anyone who has been stung by this company should contact Action Fraud as it, appears the bigger the [problem] the more they are likely act ,this mainly due the amount of fraud about. Alternately I would be prepared to accept information from anyone else and pass it on as a bulk request to act on the matter
  25. Posting after a friend has sought advice from me. They owed a debt to HFO. No concerns re: PPI or unfair charges, and they were paying it off month by month at an acceptable (to them, and apparently HFO!) sum. They then were in a position to make a full and final offer (after a relative became aware and offered them a capital sum to clear it off, provided it was a full and final settlement, and HFO agreed to make their credit report as 'satisfied') The sum outstanding was in the region of £510, and they settled it with HFO on those (F&F/ marked as settled) terms for £175 in August of this year. They have received a letter from HFO noting it as a full and final (though, they haven't the letter to hand but can 'dig it out' if need be!, which I suspect they may have to). Lo and behold!, they have had a letter from Asset Link Capital (dated early December), that HFO have sold "the account" to Asset Link Capital (No 5) Ltd (ALC5), and that they (ALC5) have appointed Link Financial Outsourcing Ltd ("Link") to amange the account on their behalf. ALC5 are claiming a balance of £335-odd, which equates to the £510-odd less the £175. My friend has phoned (!) ALC5, and informed them that they made a F&F to HFO. ALC5 have told them "all the people you'd need to talk to are busy, but someone will call you back"! They have then let me know of events, and asked for advice. Beyond: A) DCA's lie B) stay off the phone to DCA's, are there any major issues / pointers I can pass on to them? 1) should they have been given a copy of any Deed / Notice of assignment? 2) I take it that once the F&F was accepted, as a full and final, that there was nothing to sell on to ALC5, and that referring ALC5 back to HFO is the way to go? 3) If ALC5 refuse to accept a F&F was made, what is the best way forward? a) Insist "in writing only'? b) Single letter back, stating events and denying any liability to ALC5? c) if ALC5 insist on trying to communicate : tell them "take it to court then, since no payment will be made, and you'll lose in court"?? d) how important / how urgent is it to dig out that letter from HFO (unless it goes to court, where it would no doubt be key, and fatal to any case by ALC5!). Is there any comeback on HFO, or will they claim "admin error" (as usual). Is it worth them SAR'ing either / both of ALC5 or HFO?. Thanks, BazzaS
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