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Lloyds passed debt on after my Full & Final, what now?


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Hi, I wrote to Lloyds on March 15 offering a F&F of £750 on my partners loan account balance of £3400 (circa 22%). They rejected so I stated my disappointment and made an increased offer at atart of May of £1000 (circa 29%). We have had this debt managed via a DMP for last 12 months but in Feb were forcefd to reduce payaments to a bare minimum due to my leaving job. This debt is in wifes name but I was funding it. Payplan I believe kept my first payment for their 'fee' demanding I send more for the creditors hence I believe the account was defaulted and the other I sent direct myself made albeit a week or so late on expected date. I no longer wish to deal with Payplan as they have been useless for me simply demanding more money just like any other creditor!

 

I have now received a letter (attached) from Iqor stating Lloyds have passed the balance on and threatening court action blah-de-blah.

 

In the first instance I will write back stating I was (still am to date) in a DMP and that I had offered a F&F. I can only believe this is why Lloyds sold it on. Secondly I will state they are not authorised to send any door to door persons to step foot on premises.

 

However, I have no clue how else to progress this. Do I offer Iqor a F&F with settlement conditions of marked as settled with no markers etc?

 

This debt is in my partners sole name and she earns very little working part time. I have no obligation to fund it but dont want a £1pcm hanging there forever. Is it best to say great take it to court as the court will only state she cannot pay either so here's an F&F offer?

 

Thanks

Lloyds iqor.pdf

Edited by canwecleardebt
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You can either upload it to a hosting site such as tinypic and paste the url back here, Or you can put it into a zip file or create a pdf and upload it.

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You can either upload it to a hosting site such as tinypic and paste the url back here, Or you can put it into a zip file or create a pdf and upload it.

 

Great, replaced the original jpeg with pdf and now ok. Thanks :-D

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There is no obligation for them to consider any full and final,just as you have the same right to decline if one was offered to you.

Are you sure that its been sold-or are they just collecting ?

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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One very important thing you need to understand about any Debt Collection Agency (DCA) such as iQor is that they only make money if they can bully you into paying. They do this by making massive threats which in reality I would be willing to bet all my wordly goods they will not carry out. Read the letters carefully. Usually they are full of words like might, could etc... equally might not and could not. It's how they write them to frighten you into paying.

 

Don't be bullied. It may be a good idea to fill out an IE sheet from the library so you know what disposable income you have (if any). You can then tell them what you are willing to pay them as long as they guarantee in writing to freeze all interest and charges. If they won't, tell them you will pay just £1 per month.

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  • 1 month later...

Hi

My wife has now received the attached letter from GBP solicitors acting on behalf of Iqor to whom Lloyds passed on her debt to collect. All Iqors letters say Lloyds have passed the debt to be collected.

 

I (I do the paperwork in her name) have already explained to Iqor that Lloyds were being paid via a DMP with Payplan. The current amount is a small token sum each month but I’m not sure if this should be maintained or if I should request account details from Iqor to pay into if indeed they have been passed the debt.

 

However, they are also requesting an expenditure sheet be filled in before they ‘assess’ and agree any type of payment plan. Considering the existing DMP has been in place for some 18months I would have thought this negated the request. Assuming they are entitled to ask for a revised expenditure plan, they are also asking for my monetary details. Whilst we are married surely they are not entitled to ask for this in an expenditure plan or otherwise since I am not liable for the debt and cannot have my expenditure taken into account or be expected to fund repayments.

Whilst the DMP was in joint names, I am loathe to provide Iqor with any of my details. My wife only works part time and cannot afford anything but token payments. Even if they took my wages into account we pay a high rent etc and actually have no money left jointly anyway so it would make no difference to any offer.

 

Although my DMP is active I have fallen out with Payplan who effectively have been utterly useless when trying to telephone and work out a revised plan, such that their inadequacy has resulted in some defaults being registered in last 5months sending our credit rating plummeting (mine went from healthy 999 last Sep to 235 this month). I have been madly writing letters between our debtors and I for a few months but should I bite the bullet and refer this latest issue to them based on possible more weight behind the dialogue to Iqor?

GPB IQOR Lloyds debt.pdf

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Its always essential to get a signed undertaking when making offers of F&F that no further recovery action will take place,and that the account will not be sold,assigned,nor outsourced to any third parties in the future.

Effectively that the lender has no further title to pursue and further monies.

 

The letter from GPB is a little ambiguous too.

They say they are instructed NOT to enter further communication with you,yet it is THEY who are advising you of possible legal action....to me this clearly shows they are already a party to their clients action.

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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