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    • Thankyou very much i will be around all day it would be appreciated Below is another attempt :     IN THE COUNTY COURT AT ***************                 CLAIM NO:**********     BETWEEN:   LOWELL PORTFOLIO I LTD CLAIMANT   and   MRS *********************** DEFENDANT   ------------------------------------------------------------------------------------------------------------------------   WITNESS STATEMENT OF ******************   ------------------------------------------------------------------------------------------------------------------------   I, ******************************************* WILL SAY as follows:   I make this Witness Statement in support of my defence in the claim.     INTRODUCTION   1. It is my understanding that the claimant is an Assignee, a buyer of defunct disputed or bad debts, which are bought on mass portfolios at a much reduced cost to the amount claimed 10p to 15p in the £1 and to which the original creditors have already written off as a capital loss and claimed against taxable income. Lowell Portfolio I Ltd issue claims to circumvent and claim the full amount of debt to maximise profit.   2. As an assignee or creditor as defined in section 189 of the CCA this applies to this new requirement on assignment of rights. This means that when an assignee purchases debts (or otherwise acquires rights under a credit agreement) it also acquires certain obligations to the borrower including the duty to comply with CCA requirements (such as the rules on statements and notices and other post-contractual information). The assignee becomes the creditor under the agreement. This ensures that essential consumer protections under the CCA cannot be circumvented by assigning the debt to a third party.   BACKGROUND 3. The Claim relates to an alleged Credit Card Agreement between the defendant and Vanquis Bank   4. Whilst it is accepted that the defendant has in the past had financial dealings with Vanquis, the defendant is unaware of what alleged debt the claimant refers, and the defendant has not entered into any contract with the Claimant.   5.The defendant made a formal written request to the Claimant for them to provide me with a copy of my Consumer Credit Agreement as entitled to do so under sections 78 of the Consumer Credit Act 1974 on the 27th August 2019 along with the standard fee of £1.00 postal order to which the defendant received a reply dated 6th September 2019 putting their account on hold whilst they tried to gather the information.   6.The defendant received a reply dated 24th October 2019 with no CCA attached other than the documents which enclosed a statement, default notice, notice of assignment from Vanquis to Lowell & a reconstituted copy of an agreement which the claimants have already provided in their witness statement dated 3rd August 2020.   7.On 15th January 2020, I received a claim form from the County Court Business Centre, Northampton, for the amount of £******. The claimant contends that the claim is for the sum of £********* in respect of monies owing under an alleged agreement with the account no ******************* pursuant to The Consumer Credit Act 1974 (CCA). Contained within the claimants particulars the claimant states that the account was subject to assignment from Vanquis to Lowell on 24 June 2015 with notice given.   CONCLUSION 8.To date no valid full true copy of the executed credit agreement or the terms and conditions have been disclosed .the claimant has no grounds on which to enforce this alleged debt.   9.The claimant disclosed various screenshots taken from the originators software of the application and also confirms on their covering letter the relative legislation The Electronic Communications Act 2000 with regards to wet signatures and the requirement of a tick box to validate the application. The screenshots are devoid of any tick box or any authenticity of IP address conformation check.   10.Therefore the claimant remains in default of my section 78 request and pursuant to section 78 6a of the CCA1974 the claimant is not entitled, while the default continues, to enforce the agreement.   11.For the above reasons the claim bought by the claimant is without merit and an abuse of the court process. It would be far more gracious and forthright for the claimant to admit that they do not have possession of the correct valid paperwork and this is an attempt to mislead and convince the court that the claimant can disclose the legal valid documents on which its claim relies on. It is therefore requested that the Claimants Claim is struck out pursuant to the above.   STATEMENT OF TRUTH   I, ************** the defendant, believe the facts stated in this witness statement are true. I understand that proceedings for contempt of Court may be brought against anyone who makes, or causes to be made, a false statement in a document verified by a statement of truth without an honest belief in its truth.   Signed: …………………………………………… Print Name: ************* Dated: 4th August 2020
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Has Cattles gone into Administration yet?

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Why is cattles website which has a newsroom page stop at the 18th December?

 

No mention 1000 job cuts in January

 

No mention of 850 million writedown in April

 

Strange that.


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Cattles have got enough to worry about rather than working on their website - probably can't afford the bill with all the debt they are in

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Any predictions as to what will happen in two months when the debt they can't pay lands on the cattles doormat?

 

HBOS/Lloyds as well as RBS are major share holders.


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Collateral damage me thinks - they have stopped lending through Welcome and they are seemingly pushing all current 'good' loans over to progressive financial services (another cattles company that has been dormant over the last few years).

 

Any inherently bad loans that Welcome have screwed up on will be left where they are and I believe Welcome will become the sacrificil lamb and they will take the impact of this - Welcome will cease to exist and Cattles after Major restructuring will sack the people on garden leave - will claim it was all their fault but now we will play nicely and not let it happen again.

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It will all be bulls**t and a farce - but it's either that or administration and all these banks lose a hell of a lot more money that us taxpayers will foot the bill for - again!

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I was listening to the BBC World Service at about 3am this morning & there was a discussion going on between a couple of psychiatrists & a panel of expert psycologists etc., & they were discussing those within the banking/finance industry who had lost their jobs but were so addicted to risk taking they had focused their attentions on websites which specialized in adulterous liasons. One particular site reported that its membership had increased 3 fold since Nov last year, so I imagine the divorce rate will be soaring this year. :rolleyes:


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It's not looking good for Cattles is it?

 

Chances of them meeting there debt obligations are slim, I can't see the terms being re-neg, as we've seen with building firms it's a different industry.

 

So if RBS wash there hands and walk away, which if they do any other is going to cause them some much grief.

 

So my question is who will be lucky to get the unenforceable debt bank????

 

I'd like nominate LOWELLS. I think they could afford it, they have experience chasing unforceable turkeys, they are stupid and greedy enough to know they could turn a profit.


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Its been fairly quiet...hasn't it?

 

Goodbye To 450 Jobs At Welcome Finance As Owner Cattles Reduces Headcount | Business | Sky News

 

I reckon major sell off late spring followed by adminstrators autumn.

 

Howard coward will set up shop with some other pondlife


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The business's fragile position was demonstrated in its accounts for the nine months to September 30, which revealed a pre-tax loss of £347.4 million.

The firm has also had to re-announce its accounts for 2008 and 2007 after serious accounting issues were uncovered, causing its shares to be suspended.

Seven senior bosses were shown the door over a "breakdown in controls" that led to its policies on bad debts being applied incorrectly.

 

 

oh dear!! what a deep deep shame.....should have gone to CAG

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Lewis AKA Cattles are on the brink of collapse....I'm guessing thats why accounts are being passed on or back to OC


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Lewis AKA Cattles are on the brink of collapse....I'm guessing thats why accounts are being passed on or back to OC

 

Thanks for the info UtN

 

I heard something about that a while ago on here...oh dear....i feel so sorry for them ;)


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...only problem is that the debts are 'assets' which can/will be sold for money. So while the OC may go under, the 'debt' get's passed on to someone who will likely chase for it.

 

Of course, if a debt is already in dispute before any sale/assignment, it cannot then be lawfully sold.:D

 

It should mean then if the OC entity goes under without verifying the debt at the time of going under, the debt should extinguish.:D:lol::grin:

 

It is my understanding that a dead/non-existent party cannot be in contract.

 

Can anyone prove or disprove this scenario?


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Its an intersting scenario and ther are lots of outcomes.

 

New government might play a hand and decide to pull the plug.

 

Facts are cattles is up **** creek.

 

There are other stories but this is my favourite

 

RBS faces £500m loss on Cattles - Telegraph

 

Suspended shares, loan payment to RBS (owned by tax payers) missed, its selling off companies right left and centre and the best bit is they've bought stacks of unenforceable turkeys.

 

Lewis/Cattles are forever instructing Howard Coward to get blood out of a stone.

 

In the event of adminstrators stepping in the entire bought debt would have to sold off probabaly for pennies and probabaly in the chaos NoA won't be dome properly unenforceable debts will become even more unenforceable.

 

whoiever is stupid enough to buy cattles debt book is going have to send some really scary letters out, I mean we're talking breaching OFT guildlines just to get 10% back


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...in the chaos NoA won't be dome properly unenforceable debts will become even more unenforceable.

 

whoiever is stupid enough to buy cattles debt book is going have to send some really scary letters out, I mean we're talking breaching OFT guildlines just to get 10% back

Even if the Notice of Assignment is done properly (which it probably won't be), the debt was never verified in the first place.

 

They can't legally sell disputed debts which they've failed to verify! Oh, they may sell it alright (they do this all the time anyway), and some desperado will buy it - but the sale won't be valid!!!:)


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These posts moved here as requested.


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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Thanks

 

One quick look at the lewis group website tells me they are still buying debt.

 

'Cattles has revealed that it made a loss before tax of £555.3m for the year ended 31 December 2008, according to its unaudited results.'

 

Does this statement mean nothing to these people

 

Maybe I should get my three year old nephew to write the business plan for them.


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Does this statement mean nothing to these people

 

Maybe I should get my three year old nephew to write the business plan for them.

I suspect it's more about how the industry actually works. For every 100 debts they buy and which cannot be backed up, they probably know that the book splits something like

 

40% can't pay - because they physically can't due to circumstances

 

30% won't pay. Of which 20% might pay after much threatening etc = 6%

 

30% will pay something, regardless of legal standing of debt. Either full amount or percentage.

 

They buy the debts for that 36% they expect to get something from I suspect.


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....but when the won't pay can't pay percentages are getting higher, not good business.:cool:,

 

CCA changed all that nows it just plain stupid buying any debt

 

That's like betting on a horse thats consistently losing by a biggar margin each time.


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Guest Cartaphilus

Oh, thanks for that - because I've been paying them for a while now. Definitely no CCA to hand anyway, clarified that quite a while ago but was wondering about them lately after not hearing from them for a time. So I can probably expect a letter from another DCA or passed to the OC at some point. What fun. ;):D

 

PS Now I won't be expecting Lewis to let me know they are not handling my debt any longer either if past experience goes. One DCA last year told me they weren't obliged to tell me if a debt was passed back to the OC, but were happy to continue taking my payments until I thought 'stuff it' because of being told that, they were taking my money. But on that matter, does a DCA have to inform you they no longer handle the debt? From my POV I think they should. In case I have this argument again with one of them.

Edited by Cartaphilus

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Just a 'personal' observation, but if I lost more than I earned in a year, what actual physical cash would I have to still be buying anything, I have never understood that, the only way would be for me to borrow, not be able to pay and have DCA's after me? Sound familiar:confused:


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The only person entitled to your Personal Finance details is a Judge not a DCA

 

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the problem is

 

no one is lending to cattles

 

as ive said

 

rbs is withdrawing the last drop of blood from the stone

 

that includes

 

cattles

cl finance

lewis

 

any money cattles makes, which is zero, is going straight back to rbs

 

only staff costs are being covered

 

shop a cheque have been quiet as late also

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Oh dear my heart bleeds for them

 

If they go bust i wonder where that will leave Howard Cohens who seem to do alot of work for cl finance,

 

I hope cl finance dont default on payments to cohens, otherwise they could end up being on the receving end of one of cohens famous default notices,;)

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RNS Number : 5246L

Cattles PLC

07 May 2010

 



Cattles plc

 

Potential Staff Reductions at Welcome Financial Services

 

 

The Board of Cattles plc ("Cattles") today announces a potential reduction in staff numbers at Welcome Financial Services Limited ("Welcome") as part of its ongoing drive to adjust the cost base of the business to the reducing size of its loan book.

 

As a result of a review into the costs associated with collecting loans, Cattles proposes the closure of 18 branches nationwide and a contraction in the current Operations management and their support staff in line with the smaller number of branches.

 

Welcome will now enter into a consultation process with staff affected by the proposals, of whom approximately 155 will today receive notice that they are at risk of redundancy.

 

 

- END -

 

For further information:

Margaret Young, Executive Chairman, Cattles plc

Paul Marriott, Financial Dynamics

Tel: 020 7269 7252

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:D:d:d:d

 

staffing costs gone now:D:D:D

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One, two,one, two, three,four....going down,going down,going down,going down going, goiiing dooowwwn.:cool:

 

No lending, no money for salaries its really not looking good is it?

 

Please for the sake of the staff and investors can someone finish off the suffering animal.

 

A few thousand more CCA requests should do it.

 

If I worked at Howard Cowards accounts dept I would reduce credit to terms to cash only account


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