Moorcroft chasing Lloyds loan now sold to 1st credit

[DDWales]

Another threatogram..another 3 different ways to pay...this is getting boring!

[Bazooka Boo]

I have a fourth way.....sweet fanny adams!

[DDWales]

I have a fourth way.....sweet fanny adams!

 

Ha ha ha....love it BB!

[intend]

Difficult to convince daughter just to ignore - she does not like like this uncertainty hanging over her. Whilst it might seem boring from the outside, their actions do cause real stress. So, while I would be in favour of BBs choice of (in)action, will send off a prove it letter and see what comes back.

 

Thanks for input, Intend

[Bazooka Boo]

No your right, every one is different, I live on my own so I pretty much ignore most junk that comes through my door

as I have no-one else to worry about.

Start at the beginning like your doing, with the 'prove it' letter, but expect a lot of deforestation to land on the doormat.

[intend]

Cheers BB - agree - tempted to change address so all mail comes to me rather than daughter - trying to shield her from this. Over last 3 yrs yours and the rests advice has been invaluable in getting their lives back on an even keel. We now control the situation not them

 

Thanks again

[Bazooka Boo]

We now control the situation not them

 

We do indeed!

[intend]

this post is just an update on the CC debt which is under control

 

- recap -

 

account was terminated by LTSB

- got a refund of all interest and fees charged after termination. this was about 2 yrs ago.

 

offered a full and final or £10 per month on over £2k. refused f+f so got a paying in book and have been paying in - never missed.

LTSB said would be reviewed after 1 year - they didn't.

 

as coming to end of paying in slips,

I have written to them with the following offer

- either a F+F offer of about 12% or £5 per month due to increase in priority bills over last 24 months.

plus either a new paying in book or SO form (aware DD a no-no).

 

Quite like popping into branch during my lunch hour and chatting to staff - more customers might protect a few jobs.

When in queue always get asked by member of staff, usually male and suited, if they can help by showing how to use one of the machines.

I always reply "yes you can help - why don't you go behind the counter and start serving customers?.

never had a good rely yet but amuses me and those around.

 

Also paying in this for son-in-law and always clearly sign with my own name and never picked up.

on one occasion was asked to speak to one of the managers in a private room

- went along for the fun and

 

after a short while asked him if he knew who i was.

when i pointed out that he should check the paying in slip he was very embarrassed. so much for DPA.

 

Back to serious stuff

- what would be situation should LTSB sell the debt as agreement terminated by them?

Would be inclined to offer them only £1.

[rhino666]

Sorry, wrong thread.

[intend]

rhino - it is not a question of a failed CCA request - LTSB terminated the agreement so no terms and conditions apply to the debt. As far as I am aware the debt is owed and so they have 3 options - accept the offer of installments, sell it or take to court.

 

happy with first two, court would be a problem for them as well and truly lifetime members of the working poor.

[Bazooka Boo]

Not sure if rhino posted on the wrong thread??

 

But in answer to your question intend, 'IF' LTSB do sell this on, then yes they will have broken the agreement you had with them, then putting you in more control and quite rightly dropping payments down to the legal minimum of one buck a month.

 

I might also be inclined to set up a SO if they fail to reply with a new paying in book, and drop it to whatever is manageable, if they then throw their rattles out the pram, then simply retort that they were told, they ignored, this is how it's going to be.

[intend]

Sound advice as ever BB - it will be £5 per month, which i will pay, and if they do not reply I will just reduce it by £1 per month.

[rhino666]

Yep sorry wrong thread.

 

I had a the same problem once where I didn't give them an option in accepting a token payment. I paid it, they didn't send it back thus it was accepted. This was done via a bank account payment so it couldn't be rejected.

 

Maybe I was lucky. I'm not sure where each party stands if you make a payment to them and they don't return the payment , because I'm sure it wouldn't look good in court if they returned what you'd paid.

[intend]

thanks rhino for your input - good information for my plans.

[Bazooka Boo]

I'm not sure where each party stands if you make a payment to them and they don't return the payment , because I'm sure it wouldn't look good in court if they returned what you'd paid.

 

That is a very valid point, and one I've not thought of!

 

I'm currently paying two debts at the token payment of £1 a month, and they are both claiming that they won't accept

this without their precious I&E form....however, they've never returned a payment yet? Just farmed it out to the usual suspects..

[intend]

so far ltsb have not farmed it out - payments to them direct - waiting to see how they react - 3 slips left - one at £10 regardless, then whatever the response think it will be down to a fiver.

 

Rush of blood to head, must be as a result of my recent operation, but got my wife to pay this months 2 weeks early. No reply yet concerning my generous offer - pre-xmas sale of bad debts must have helped the balance sheet and their current assets not to mention the tax liability. And we own it!!

[Bazooka Boo]

Not to worry, they usually rear their ugly head when the tap runs dry...

[intend]

After careful consideration Llyods have rejected my f+f offer. But no mention of accepting reduced payments or sending new payingin book or SO mandate - still bloody useful - next payment not due til end April - looks like it is going down to a fiver.

[rhino666]

They can't take what you do not have! and they've probably rejected what you offered because it's their job to. They want more ... but reality says "That's your lot, take it or leave it!". I wouldn't take any notice of what they reject. Just give them what you can afford and tell them to take it or leave it.

 

Seriously even a judge can't make you give what you do not have because it physically isn't there!!!

 

And as for Moorcroft treat them with a much contempt as want. They have no legal right to demand ANYTHING off. it doesn't mattter if they say Our client this and out client that. YOU DO NOT HAVE A CONTRACT WITH A DEBT COLLECTION AGENCY ( unless you decided to enter into one ). You contract is with the bank and they've terminated the contract then there isn't one to be held to

[BRIGADIER2JCS]

And as for Moorcroft treat them with a much contempt as want. They have no legal right to demand ANYTHING off. it doesn't mattter if they say Our client this and out client that. ** YOU DO NOT HAVE A CONTRACT WITH A DEBT COLLECTION AGENCY** ( unless you decided to enter into one ). You contract is with the bank and they've terminated the contract then there isn't one to be held to

Wrong if a debt has been sold the rights of the account go with giving the debt purchaser/DCA the right to collect the deb as " the new beneficial owner". therefore you do have a contract.

 

 

The debt purchaser may assign the right to a debt collection agency to collect/manage the debt.

 

 

This more FOTL nonsense again and it has no merit.

[rhino666]

"IF"

They're not always sold.

[BRIGADIER2JCS]

Then the original creditor can assign the collection and management of the debt to a DCA, your argument is flawed,

try it in court !!! You will be laughed at.

 

If not sold on the original creditor has every right to assign a DCA to collect/manage a delinquent account end of story!

[rhino666]

I have !

[BRIGADIER2JCS]

I have !

"Been Laughed At"??

[Guest]

intend

as loyds have farmed it out for collection, is prob unlikely that they loyds will accept anything lower in settlement whilst it is with a dca without dca's say so, unless they take it back. plus, when out for collection, loyds seem to usually give their puppets a discount figure when instructing.

maybe likely to do the rounds, and then be up for sale unless loyds decide to take it on themselves thereafter.