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Moorcroft chasing Lloyds loan now sold to 1st credit


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Since April last year I have been on repayment plan for loan - paying £50 a month rather than £300 and £50 a month drawing down an od. Not missed a beat then out of the blue letter and phone call from Moorcroft. Loan plan was not due to finish til Feb next year.

 

any advice please - Moorcroft pressed for higher repayments on phone -said no and would not deal with them on phone. Had no communication from LTSB this ws about to happen.

 

intend (to fight ):mad2:

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On letter gives a Mooorrap reference and a client reference - then opens "we hve been instructed by Lloyds TSB Bank plc - then is bog standard - like another I have seen on this site

 

thanks for quick reply

 

Intend

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Update - now had letter from Moorcroft asking for £50 per month with Standing order form attached.

Still no notification from LTSB they have subbed it out.

 

Does this mean LTSb have sold the debt??

Should I still ignore them, should I contact LTSb for clarification??

 

Should I still pay £50 to LTSB as per our agreement?

Def not speking to Moorcroft.

 

Intend

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Just had third letter from Moorcroft - acknowledged recent payment of £50 "made direct to our client". Letter states they "are now responsible for administrtation of your account" and asking for immediate contact with an offer of repayment. Had no notification from LTSB they would not honour the agreement we had.

 

Any advice welcome - should I complain to LTSB they have ended the agreement wiyh no valid reason? Can still pay the original sum but inclined to ignore Moorcroft and deal with LTSB - worth sendin g for CCA and a SAR??

 

should I have this thread in the debt section?

 

Cheers - Intend

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  • 1 month later...

Have been trying to sort out son-in-laws fianaces

- deep in debt to LTSB - loan, od and cc,

 

much due to keeping roof over his head after his mother was seriously ill and his dad looked after her.

 

Has only come to light after married.

 

Since April have reduced his OD and should clear it this month with refund of charges from CrapOne.

 

Have been paying reduced loan payments - agreement due to end in Feb,

then out of blue letters from Moorcroft

 

- first at beginning of Nov.

 

Have ignored them and carried on paying LTSB the money £50, by cash each month.

 

Then get letter of acknowledgement from MC quoting "our client"

 

Having read lots of threads I am looking for advice

 

Think loan might have PPI - so need to CCA or SAR?

- inclined to do both as think lots of charges on his Credit Card.

 

Should I write to LTSB with offer of new repayment - would keep at £50 (about 20% of total monthly payment)

- stating a good offer in view of increases in VAT and energy cost.

 

Did send an I&E statement in April which showed nothing left for debts.

- feel they will ignore this as they did with my OD letter.

 

Sould I send a prove it letter to Moorcroft??

 

Thanks in advance

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What are [email protected] demanding in their letters?

 

That you pay them instead of Lloyds, or are they purporting a different alleged debt to someone else?

 

If you have been paying the bank direct and they have sprung up demanding payment for the same debt that is being paid,

then ignore the fools and enter into Lloyds complaints procedure with a view to exhausting it fully and escalating your complaint to the FSA.

http://www.lloydstsb.com/contact_us/complaints_procedure.asp

 

A CCA for the loan would throw up whether there was any PPI on it or not,

if there is and they do not pay out,

then reclaim it,

but expect to wait a long time for it,

as they are deliberately stalling the process on PPI reclaims.

 

If Lloyds are happy to receive the offer of £50 a month then I would let sleeping dogs lie until they raise the question.

 

It all depends on what [email protected] are demanding as to whether you should enter letter tennis with them.

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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Lloyds tried to set Moorcroft on me over my loan......I CCA'd them and they wrote back saying that their client couldn't supply an agreement and handed it back to Lloyds.

 

So I would CCA Moorcroft and SAR Lloyds as this would cover the CC, Loan and OD so you should see all the charges, PPI etc.

 

You'll get Wescots or AIC next!!!

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Thanks BB for reply

- Moorcap first letter stated "been instructed by LTSB"

- with usual pay in full or telephone with payment offer,

 

subsequent letter confirming prepared to accept £50 with Bankers Order form

- I have ignored this, still paid LTSB nd then got letters advising receipt of £50 paid direct to "our client".

 

assume LTSB have just subbed this out and not sold.

Will do as you advised and go throu' complaints procedure - had some success last year with bank charges being refunded!! so happy to do this.

 

Will continue with the £50 til LTSB start writing and ignore Moorcrap.

 

8Will CCA LTSB - in it for the long haul - seen the excellent advice on this site.

 

Hi Tartan Barty - definitley worth the £10 to SAR and find out all the rip-off charges applied. Thanks

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Plea for information - hopefully OD with LTSB will be cleared next week - courtesy of CrapOne refund. As have lon and CC with LTSB, I would like to close the current account to avoid any dangers of set-off.

 

Should this be straight forward or would LTSb fight to keep the ccount open so they could set-off in the future??

 

Cheers Intend

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If he still banks with Lloyd's then he needs to open a separate bank account with one that isn't in the same banking group as Lloyd's, and make that complaint to Lloyd's using their complaints procedure..

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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Cheers BB

 

Thanks to this site - got him a parachute account early doors and now manage the debt effectively and have stopped LTSB evil charges to his current account - even managed to get about £500 wiped off by using complaints procedure via office of Mr Daniels. Note is is about to collect £2m bonus plus £2m in shares - wish we could cash in from our bank.

 

Will use compalints procedure and see what happens

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Yes I see Eric Daniels is sitting pretty, at our expense no doubt!

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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CCA request going off to Moorcroft tomorrow.

 

About to write complaint letter to LTSB

- one copy via complaints and one to the Executuve office

- used this second route to get some current account charges refunded.

 

Then intend to SAR for all his details

- should be worth the tenner

- can anybody help with an address for the SAR

- assume the template in library.

 

Cheers - Intend

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No idea where you would address it to sorry, maybe you could ring them and ask? Or go into a local branch and ask?

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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Would like to CCA regarding Credit Card - does anyone know the best address to send request to - currently not with the collections mob.

 

Cheers Intend

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Cheers BB - trawled site and now have an address for SAR and CC if I decide to CCA on it.

Will keep everone posted

 

CCA requests send recorded delivery today - will keep eye on when signed for and then work out the 12+2 date

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should I have this thread in the debt section?

 

 

Agree, thread moved.

 
 

Any advice I give is honest and in good faith.:)

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