Moorcroft chasing Lloyds loan now sold to 1st credit

[Bazooka Boo]

What are Moorcr@p 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 Moorcr@p are demanding as to whether you should enter letter tennis with them.

[Bazooka Boo]

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..

[Bazooka Boo]

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

[Bazooka Boo]

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

[Bazooka Boo]

It's 12 working days from them receiving it, so when they sign for it, the clock starts ticking the following 'working' day.

[Bazooka Boo]

File under ignore, report their very immature response to the OFT&TS via http://www.consumerdirect.gov.uk/contact for attempting to exploit your lack of knowledge and using unnecessary legal Jargon, ie the case they keep on spouting giving them the deluded right to ignore any laws and guidelines laid down.

 

Once they are out of time (12 'working' days from receipt of your request send them the 'Failed' letter, and do not reply to anything further they may send, it really won't be worth your time, which you will be better spent watching paint dry, than reading anything this shower send you.

[Bazooka Boo]

Whatever they want to discuss can be committed to paper, no going back on what they say then, or denying having ever stated something. If they do ring, just tell them to put it all in writing, and that discussing financial matters over the phone, is not how business is conducted in your household.

[Bazooka Boo]

Regards to what they sent you, if you can scan and post it up using a host website such as Tinypic or Photobucket, and remove ALL ID, bar codes ref numbers, funny bar code boxes etc then much better advice can be given by all. If you don't have access to a scanner, a digital camera put on the macro setting will do.

 

If they have terminated the account, then yes no further interest or charges can be added, as the account is no longer subject to the T&C's that were in force at the time of the agreement.

 

However the default notice would be very beneficial to have sight of, so if he doesn't have it, or does not remember receiving one then the cheapest version is to ask them for another copy of it.

 

It would have stated that "This is a default notice under blah blah blah, your account is in arrears by £xxx, what you must do is pay the arrears of £xxx before the date stated" "Failure to do so will result in this account being terminated and you being liable for the full amount owing blah blah blah"

[Bazooka Boo]

One down, not really surprising as it is moorcr@p.

The case they refer to is somewhat misinterpreted by these kinds of DCA's and is indicative of their incompetent belief that they can rely on it to enforce payments.

So long as they are in default of the agreement then the account is in dispute and no payments need be made.

You 'COULD' issue them with a s10 DPA notice to tell them to stop processing your data.

http://www.consumeractiongroup.co.uk/forum/content.php?411-Legal-notice-issued-under-Section-10-of-the-Data-Protection-Act-1980

 

If they reply that they have every right to do so, then carry out the following;

http://www.consumeractiongroup.co.uk/forum/showthread.php?254802

 

Yes send them the failure letter and end any correspondence with these fools, until such time that you do receive a copy of your agreement, no payment should be made.

[Bazooka Boo]

I make it weds 3rd Feb.

[Bazooka Boo]

You asked for PPI yes? Did this kick in at all?

[Bazooka Boo]

Forget signatures, these will not make the agreement unenf.

[Bazooka Boo]

This does look enforceable IMO, but don't take my word on that, just going off the age of the account, plus if it was done online, then these are deemed compliant after Apr07? Or it could even be Apr2006?

What I have noticed is the insurance, PPI, & sentinel card protection, and having read the content of the box they are enclosed in, it does refer you to the fact that they are 'credit' and the terms relating to this credit can be found in this agreement.? I can't find any reference to them?

 

Sorry inserted in strange place

 

Any advice welcome

 

OOh err!?? Keep it in your pants intend!

AFAIK once they have terminated the agreement, then they should not continue to add interest and charges, again I could be wrong on this, head is't thinking today?

[Bazooka Boo]

Yes defo worth the tenner, esp if there are other charges on their you can claim back?

 

Regarding the PPI and other ins, I'm a little out of my depth in this field, but as they are credit, I believe they should have their own separate section, regarding how much the PPI will cost over the life of the loan/credit, and this is then given it's own %rate, it should be separate to the actual credit itself? Does that make any sense?

[Bazooka Boo]

Have a look at the legal forum and ask in there see if someone can advise, you might like to link this thread to that in the legal forum.

[Bazooka Boo]

Yes % should have been stopped.

 

If you scan and post up the DN then others can take a look for you.

[Bazooka Boo]

OK, the DN they have issued is faulty BUT this can be rectified by them sending out a correct DN, for this you can thank Debt management companies and other unscrupulous so called debt help service....

 

Are you able to post the termination notice? IMO once an agreement has been terminated, then they are unable to continue adding intestate and charges simply because no such agreement exists between you and them .

[Bazooka Boo]

Have they requested the full amount of the balance yet? IF they have, then you can take it from that date that the account was terminated.

[Bazooka Boo]

Not sure I follow? Have they sent you a default notice? And then did you rectify within the specified time period? So all you are paying now is the minimum amount as if you were still using the card?

[Bazooka Boo]

Yes agreed, if they have terminated the agreement and still been charging interest then this must be refunded and taken of the total amount owing. OR simply deduct the charges and interest they have added on top, pay an amount suitable and comfortable to you, when you reach the amount you have worked out you owe, stop paying.

[Bazooka Boo]

Did you look on http://www.nationaldebtline.co.uk/

[Bazooka Boo]

My only bit of advice is that, it is NOT up to them to dictate how much YOU should pay them, it is YOU who TELLS them how much they will be receiving each week/month, they don't have to agree at all, but whatever figure is realistic and comfortable to pay, should be offered, and don't forget you need to have a life, this is not a priority, beer tokens are!

Once you have made an offer, whether they refuse it or not, simply pay it religiously each week/month, they will find it extremely difficult to put this in front of a DJ to force you to pay more.

 

If the account has been terminated, then that agreement does not exist, by that I mean they cannot continue to add, late payment fees or interest, or demand that you pay the 'minimum' payment, there is no minimum payment except for the token payment of £1 a month!

[Bazooka Boo]

Good for you, do you have their bank details in order to set up a standing order?

[Bazooka Boo]

Keep at em, no rest for the wicked!

[Bazooka Boo]

In India! Now that is what you call "Customer services".