Moorcroft chasing Lloyds loan now sold to 1st credit

[intend]

Thanks. If it was me, BB, I would probably stop paying, but fear my daughter would not sleep if it was just up in the air.

 

Will probably CCA Crabot. Do not believe sufficient proof of debt sale with a dodgy letterhead. Will tell them not paying until CCA supplied and have confirmation of debt sale direct from Lloyds.

[dx100uk]

dodgeletterhead is ok

it can be sent by the debt buyer on a copy of there paperwork

 

 

dx

[intend]

Cheers DX - really just annoyed they sold it and then did not write to me directly, 4 months after the sale. Never disputed the debt - Lloyds terminated the CC and I successfully reclaimed the interest they charged after termination and have paid then on the dot every month.

 

Will probably have to bite the bullet and just carry on paying . Still minded to write to them and complain, asking them to justify the sale.

 

About to look at the loan which could be much more of an issue - will summarize the situation and post up details later.

 

Thanks as ever

[intend]

Now for details on the loan which is more worrying

 

Last payment made Oct 2010 - sent CCA request but unable to supply to account in dispute - various DCA involved, none successful. Notice of Assignment from Lloyds date Nov 2013 to 1st Credit. No acknowledgment to them.

 

Then out of the blue, letter last week, from 1st Credit, saying the account has been now been reassigned back to Lloyds. As yet nothing from Lloyds.

 

Should I be worried??

 

The loan has PPI on it, which I have held back claiming for( success for son-in-law on another loan and his CC) and about to try to reclaim for packaged account believe to be mis-sold (started awhile ago but health issues slowed me down a little and all was quite and the family living happliy in poverty thanks to CAG rather than the daily hassle of dealing with debt issues)

 

Any advice welcome. Is it usual for debts to be bought back like this - could they have located the agreement?

[Bazooka Boo]

I wouldn't be worried at all.

 

If Royds start huffing and puffing then hit them with the PPI claim.

[intend]

Cheers BB - not sure my daughter sees it quite like you, I,m not too worried as sure we can manage it. Guess will just have to wait and see what turns up. Still puzzled why they would take it back.

[Bazooka Boo]

Could be something in the sale of the portfolio, if they fail to make a profit out of the debtor, then they flog it back to the OC.

 

As I never deal with DCA's and have always informed the OC's that I will ONLY pay them direct, some keep hold of it, others flog it on

and payments stop.

[intend]

Cabot must be really felling those trees - another letter thanking for maintaining the repayment plan. Strange - not paid them a penny yet - all payments been to Lloyds - next due end next week - inclined to pay in a Lloyds as usual.

 

Cabot say good opportunity to update current situation and that they have a responsibility to make sure the plan is affordable and fair!! Just wanting contact I guess.

 

Well I will decide what is affrodable, as for fair, in this industry not a word I would use.

[Bazooka Boo]

I wouldn't pay them a penny either!

 

If Royds are taking payments then let sleeping dogs lie IMO.

[intend]

Well - walked into local Lloyds branch - handed over the cash and the paying in slip - gladly accepting my coins of the realm. Lets wait and see.

 

Nothing heard from Lloyds about the loan since buy-back. Lets wait and see - ppi claim ready to go as soon as it kicks off serious, until then hope to reach SB.

[Bazooka Boo]

Nothing heard from Lloyds about the loan since buy-back. Lets wait and see - ppi claim ready to go as soon as it kicks off serious, until then hope to reach SB.

 

Certainly, make them wish they'd never attempted to rattle your cage.

[intend]

Cheers BB, thanks you you and other in the early day ( the Brig especially) I am much more confident in my dealing with all those involved in this industry.

[Bazooka Boo]

I am much more confident in my dealing with all those involved in this industry.

 

It's truly shocking that until you are forced into a corner by these outfits, that we blindly accept the way they treat us,

only when we learn the rules of the game, can we beat them and turn the tables.

 

You are ALWAYS in the driving seat and ALWAYS have control, they just don't want anyone to educate themselves and learn

just how terribly we're being treated.

[brassnecked]

Shakespeare's Shylock was more ethical, at least he was open and honest about his "pound of flesh"

[intend]

Another meaningless missive from Cabot, given I have continued to pay Lloyds, thanking me for maintaining my payment plan. Yes I will continue MY payment plan and ignore the assignment/sale of my debt to these sharks and I shall continue to walk up to my local branch and pay the money in cash.

 

Just noticed on the letter that it says the current creditor is MFS Portfolio Limited - a new name to me. Guess I need to check them out.

[Guest]

did you get any notice of assignment to mfs, or are they just acting on behalf (notice still required re that)

[intend]

did get a notice of assignment but on principle still paying Lloyds direct with no trouble. If they refuse payemnt will probably stop paying until "new" owner can prove i owe the debt.

 

I was in an agreement with them on which I never defaulted.

[Guest]

ok. yep, seems continue as is then. if they get shirty, then as you say, do the prove it.

[dx100uk]

marlins financial services.

 

 

aka CABOT

 

 

Cabot Credit Management acquired rival Marlin Financial Group april 2014

 

 

 

 

dx

[intend]

Cheers dx - continued to ignore them and just paid another month directly to Lloyds - cash over the counter.

 

Will continue to do so

[intend]

Still paying over the counter despite being sold - nice man even ordered me a new paying in book. No word from alleged new owners.

[Guest]

[intend]

Hello all - not posted for a very long time - reason - waiting for the loan to become statue barred.

 

Well I believe this now to be the case

- Lloyds bought back the loan some time ago but have done nothing.

According to my records last payment was 19th July 2011 and not acknowledged debt.

Hopefully daughter and son-in-law can sleep a bit easier now.

 

Still paying the CC at £5, but will look to reduce that

- they sold it long ago but still paid them

- nothing for a couple of years so now time to action, along with reclaiming packaged fees.

 

Feel confident to go after them now the loan is statute barred.

 

Thanks to all who have helped

 

Some advice needed re loan

 

Son-in-law had PPI imposed on this loan. Given it is SB, should I put in a claim??

 

Regards

 

Intend

[Bazooka Boo]

AFAIK, PPI is completely separate to the loan, or should be?? SO don't think there should be any harm in reclaiming it??

But wait for others to guide you first!

[intend]

Cheers BB, nice know you are still around with sound advice.

 

Like you say I would reclaim, but not for myself so have to take in wishes of daughter.

 

Lloyds still suck so likely to go after them and a packaged account reclaim.