Egg Loan - Solicitors letter valid?

[ngj78]

Hello all,

 

I fell behind on my egg loan some months ago. It went to default and then to two debt collection agencies (or perhaps one but with different names!).

 

I've not received a couple of letters, allegedly from a solicitors. Question one is if I should take this seriously? http://i557.photobucket.com/albums/ss15/njohns78/EggloanSolicitorsLetter0002.jpg

 

I have received documentation from egg but have just been poor scanning/uploading and checking. The loan would be from about 2008.

 

My thought is to put a holding letting into the solitictor saying that I'm investing the legality of the CCA and correspondence is being put together for egg?

 

That sound sensible? any other advice welcome.

 

Many thanks

 

NGJ

[padja]

this company is very aggressive in its speed which it goes to court, whatever you do (following the good advice you will get do it quickly) I have read on numerous forums that this company are particularly nasty and can be aggressive in their dealings.

[dx100uk]

tell us the history, all of it, and figures please

bryan carter are aggressive but can usually be batted off if done properly

 

have a look in the bryan carter forum

 

dx

[citizenB]

If your loan was taken out after 2007, then chances are it has all the I's dotted and the T's crossed.

 

Was there any PPI added, which could possibly have been mis sold ?

[ngj78]

Unfortunately no PPI

 

Struggling to find the paperwork so may have to CCA again. Would I do that to BC or Egg now?

 

Thanks for everyones responses.

[ngj78]

I should have said its for about £15,000. Not sure if the amount makes a difference on how hard they will chase?

[ngj78]

Sorry to repeat a recent question but want to respond quickly....

 

should I CCA egg or Bryan Carter now?

 

Thanks.

[dx100uk]

what good will that do?

 

you need to tell us the history as advised above

 

before carter slaps court papers on you.

 

dx

[ngj78]

ok...... apologies in advance for being a bit sketchy, I'm away with work but need to respond to BC by the 26th, so feedback welcome on the little info I can provide.

 

I took out a loan for £15k in about 2002. I then subsequently topped this up 2-3 years later to £25k, consolidating all of my debts at the time. About a year ago I became unable to pay the monthly £400, my view at the time was better to pay 2-3 other debts than just one. Subsequently the account went into arrears and then into default. The debt was oringally passed to Frederickson's - who I didn't take sersiously.

 

I've not responded to BC at all yet. Given that I now only have a couple of days left to do so then want to say something, even if a delaying tactic.

 

My earnings are still very low. I certainly couldn't afford £400 a month, if I need to start making repayments - to stop a CCJ. I am also a company director so this really wouldn't help me!

 

Many thanks in advance for your helpful words.

[ngj78]

If of note I should have also added that I have two credit cards with egg - of £3.7k and £3.8k. Both services have been withdrawn but I am making the minimum monthly payment - not sure that is relevant with any response in trying to settle this.

 

Thanks again.

Edited May 23, 2011 by ngj78
typo

[dx100uk]

ok

 

pers i'd pay SOMETHING even if its £1PCM

 

as would be the norm as these aRE NOT priority debts

 

have a read of seq's blog in my sig.

 

and you call the shots not them

 

take control its YOUR money.

 

dx

[ngj78]

Thanks dx.

 

Is the intention of this to slow them down or that they have no choice to accept? (sorry if an obvious question!)

 

Is there anything I should/shouldn't say in a letter in response?

 

Thanks again.

[ngj78]

Bump. Sorry! If anyone can assist it would be appreciated. Just wanting to know what I should put in a letter?

 

Thanks

[dx100uk]

have you read the blog i mentioned?

 

there is no need to send them anything if you wish you could

but you need to pay 'something'

£1PCM is fine.

 

dx

[ngj78]

ok, letter received at the weekend from the lovely BC basically asking me to complete an 'official Financial Statement form', and they they "cannot consider my circumstances unless this properly completed form is returned to us within SEVEN days."

 

I have read previously that this is option but what is peoples advice as the best way to deal with this?

 

Thanks in advance.

[ims21]

Hi there

 

Personally I would not send them a financial statement. Their "official Financial Statement form" is just a load of wally. So is their statement about considering your circumstances. Your circumstances are nothing to do with them.

 

As dx says, pay them something even if its only £1 PCM. They can't have what you aint got.

 

And read the blog he mentions too

 

ims

[citizenB]

You can design your own Financial Statement or even use the one below provided by Ellen of the site team. As long as you sign it then you do NOT have to complete theirs. Do not identify your other creditors by name.. just put something like "Personal Loan", Credit Card 1, 2....

 

You do NOT have to provide bank statements, utility bills, wage slips, benefit advice notes.. .

 

When signing the statement, make your signature slightly different to that normally used or sign over a grid of "xxxx"

 

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