Fredrickson letter re Egg Debt which was sold to Lowell

[MrHat]

It seems that all my chickens are coming home to roost at the moment. I suspect that checking my credit file a few months back has stoked the hornets nest. Anyway - Lowell own an old Egg Card debt of mine. Yesterday I received a letter from Freds demanding payment and stating that I should no longer deal directly with Lowell. Should I treat this as a fishing attempt or is in now inevitable that litigation will be initiated? Am dealing with other issues right now so hoping I can revisit this one next year....

[BRIGADIER2JCS]

Your checking your credit file will

not have caused any activity by DCAs

as they cannot see any search action by

you.

There is usually an increase in DCA activity

at this time of year, maybe they are looking

for Xmas bonuses.

Wait for the next letter from Freds, and see what the

tone is.

[BRIGADIER2JCS]

Your checking your credit file will

not have caused any activity by DCAs

as they cannot see any search action by

you.

There is usually an increase in DCA activity

at this time of year, maybe they are looking

for Xmas bonuses.

Wait for the next letter from Freds, and see what the

tone is.

[MrHat]

Thanks Brig. Considering that Egg sold this debt, is there any reason not to send a SAR to Egg so I can understand the balance and charges? i.e. Would Egg pass on the fact that I sent a SAR to Lowell/Fredricksons? Don't want that for obvious reasons...

[BRIGADIER2JCS]

No reason at Mr.H. it will certainly assist

in understanding how the balance has

been reached and the level of charges.

Brig.

[MrHat]

"CONFIRMED RESIDENT" yellow card arrived in the post today

[BRIGADIER2JCS]

Well at least you know where you live Mr. H.

[Ebineezer]

"CONFIRMED RESIDENT" yellow card arrived in the post today

 

send them a "CONFIRMED PLONKERS" red card in response.

 

Yes, send a SAR to Egg. It might throw up something, and with Egg you may be surprised. PPI, unlawful or excessive charges, correspondence sent to an incorrect address, consolidation loans which may be multiple agreements - lots of stuff for you to potentially dispute the account about - and that in turn will help you shake off Freds.

[MrHat]

Does anyone know what address I should send the Egg SAR to?

[MrHat]

Today I have received a Letter Before Action from Freds giving me 7 days to respond or else they will take further action.

 

Sent SAR to Egg yesterday which will take up to 40 days to come back. I want to see this as I have no idea how they arrive at the figure they are claiming and there could be charges and even PPI.

 

Is there anything I can do to stall court action? Perhaps a CCA request to Freds????

 

Would really appreciate some advice here!

[BRIGADIER2JCS]

Yes do the CCA request asap, send recorded.

[MrHat]

Wow that was quick Brig! Thanks. Will send it recorded tomorrow.

 

What a shame - this one was about 10 months away from being SB'd but I guess that's why they are acting so swiftly!

[BRIGADIER2JCS]

The one and only reason me thinks, make sure

you send a PO for the£1 stat fee clearly masrked

for stat fee only and is not acknowledgment of

or payment to the alleged debt.

Brig.

[MrHat]

Envelope ready to go to Freds once I have got a PO for £1. The hope is that they suspend collection activity while they retrieve the document(s) and that my SAR to the OC (Egg) comes back in the meantime. The aim of the game is to arm myself with facts. Is it worth sending a SAR to Lowell and Freds in addition to the one sent to Egg?

 

Sent SAR earlier with a PO for £10 to the follwoing address which I hope is the right one:

 

Egg

Data Request Team

Riverside Road

Pride Park

Derby

DE99 3GG

 

Got this from: http://www.egg.com/visitor/0,,3_100639--View_2115,00.html

Edited October 13, 2011 by MrHat

[Happyhippy1959]

yep see what that comes up with Mr Hat./

[MrHat]

You mean sending SAR to Lowell & Freds too? Or see what comes up with the SAR to Egg and CCA req to Freds?

[BRIGADIER2JCS]

SAR to EGG CCA to Lowell.

[MrHat]

Well SAR has already been sent to Egg. CCA has been sent today to Freds but it says that they should forward if they feel that they are not the creditor so hopefully that is enough

[BRIGADIER2JCS]

Just lazy Freds this is happening all the

time so ignore the and send it to Egg.

[MrHat]

Freds have replied to CCA request saying that they have 'referred the matter to their clinet' (Lowell) and have 'placed the account on hold'

 

So the CCA request has had it's desired effect. Will send a dispute letter after 14 working days (12+2). This will be on 3rd November

 

Egg have until the 23rd Nov to reply to SAR.

[MrHat]

hmmmm, had a response from Egg today headed 'Your request for a copy of a credit agreement' and saying that I need to send them £1.

 

I didn't send them a CCA request, I sent them a SAR. AND I enclosed £10 postal order.

 

What are they palying at?

 

I am seeting here!

 

Is it worth calling them or not advised?

[MrHat]

sent them a letter diputing what they say and stating that the request was a SAR and that I had enclosed £10 PO. Told them I expect them to respond within 40 days of my original request

[MrHat]

Right - quite a surprise this - big fat envelope from Egg arrived today with my SAR response (despite the above nonsense!). So a very quick SAR response!!!

 

Anyway - debt is about £1700

 

Charges and PPI on account amount to £500 from early 2004 to early 2006.

 

Interest rate appears to have been 16% apr

 

If you take the best case scenario, the charges + interest add up to less than the £1700.

 

What is my best course of action?

 

I would happily pay a fair amount to settle this?

 

Not sure if they'll play ball but I'd love to nip this one in the bud so am hitting the triangle!

[slick132]

Hi Mr Hat,

 

Have you used this spreadsheet to list the default charges - http://www.shweb.pwp.blueyonder.co.uk/interestcalcs.xls You could use a nominal rate of 24.9% to claim interest in restitution on the charges.

 

Use a separate sheet of the same spready to calc the PPI.

 

See what the figures show as a possible reclaim.

 

[MARTIN3030]

Agreed.

The FOS have come down heavy on those who have dragged their feet on PPI claims.

There is no way they will give restitution as a matter of course.

You have 2 options then-ask Egg to sort the PPI out with stat 8% or tell them you will go to the FOS.

Ask them for compound and if they refuse take it to Court.

Either way-make sure Egg are aware that there is a dispute as well as the DCAs chasing.