Unsure what to do!! Debt transfer from Black Horse to DLC

[sully123]

I will post some letters underneath which i received on Saturday, I have been unemployed for a while now, but took the serious view that i still had a duty to pay my debts until my circumstances.

 

Well I have been paying Black horse along with others a minimum of £5 per month, Now I know they have a CCJ against me, they did it from my old address, so was unaware of it.

 

Well it looks like this company have bought the debt from Black Horse.

 

I have been paying via the banking system so i always have the proof of paying, Now the letters are dated the 29th but the debt was sold or transferred to them via the courts on the 28th of August, Surely I should of been notified, So I could go to court and ask why, and also how much they purchase the debt for?

 

Only if they paid £2K why would i want to give them the extra £3K+. as it must surely be my debt to Black Horse, and they must tell me otherwise.

Anyway here are letters, I sure you guys get my drift/ideas. look forward to some reply's

 

Thanks

 

 

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[dx100uk]

you're about the third one this week.

 

they cannot inflate the debt

 

dx

[sully123]

you're about the third one this week.

 

they cannot inflate the debt

 

dx

 

 

OK, Thanks, I understand that bit, But do I not have a right to know before they sell it, They have obviously sold it for much less then the amount owed, so why should I pay another company the full amount.

 

Surely if they bought for £2K then add the normal interest from back then, I would still owe them a lot less then the £5k+

 

I would of thought that even if i am still paying them AFTER the 28th which has been 2 payments, why no one tell me.

[dx100uk]

you cannot be charged anymore than is on the ccj judgement

 

they should send you a notice of assignment

 

which they haver

 

now this ccj

 

you say they sent it to an old address

 

if so, get it set aside

 

havve you reclaimed charges and ppi?

 

dx

[Conniff]

You wouldn't be entitled to know how much they paid for it as that would be Commercial in Confidence. They didn't actually purchase sum outstanding, they purchased the agreement.

[sully123]

now this ccj

 

you say they sent it to an old address

 

Yes, I recall the day I was leaving the property, The Bailiff said I have a notice/letter from Llyods Black Horse, but due to you been evicted today, I will just take it back to courts, That was the last I heard until I moved here, Then It was a phone call, so I told them i only deal in way of letters, I shall see if I have anything of use.

 

if so, get it set aside

 

have you reclaimed charges and ppi?

 

 

IIRC, I cancelled this shortly after taking out the loan, again I will check. for PPI.

 

As regards Charges, I am pretty sure there are quite a few, as loss job pretty quickly after taking out loan so no payments etc.

I guess if successful this would come off the balance.

 

If above is correct can I do the same against GE Money Lending, as I several Charges from them on the shortfall of the mortgage

[citizenB]

If a CCJ has been awarded without your knowledge, you can apply to have it set aside if there is good reason. At the very least you should have been given the opportunity to defend.

 

I am not sure I understand what is going on with the transfer of solicitor unless there is Court action ongoing. I think you need to provide more information.

[dadofholly]

From what i have seen of these it seems standard practice.

[dx100uk]

IIRC, I cancelled this shortly after taking out the loan, again I will check. for PPI.

 

As regards Charges, I am pretty sure there are quite a few, as loss job pretty quickly after taking out loan so no payments etc.

I guess if successful this would come off the balance.

 

If above is correct can I do the same against GE Money Lending, as I several Charges from them on the shortfall of the mortgage

 

yes get reclaiming!

 

dx

[sully123]

I am not sure I understand what is going on with the transfer of solicitor unless there is Court action ongoing. I think you need to provide more information.

 

 

I have just got off the phone to DLC, they agree to my monthly payment plan, nothing changes there.

 

They told me they have bough a very large portfolio of debts from Black Horse.

 

I still think this is wrong, How can someone buy my debt, without my knowledge, thus I owe another firm. Albeit for a lot lesser amount, example been 200K of debts for £50K but they can now collect the 200K.

 

What law stops me selling my debt to someone else to take over?

[Conniff]

What law stops me selling my debt to someone else to take over?

 

That doesn't make sense, you can't sell a debt, you have nothing to sell.

[sully123]

What law stops me selling my debt to someone else to take over?

 

That doesn't make sense, you can't sell a debt, you have nothing to sell.

 

I still don't understand? I have a debt of £5K, Which I OWE to Black Horse, So why can i not pass it on to someone else to pay for me?

 

I do have a debt with Black Horse!! They chose to sell MY DEBT, WITHOUT MY KNOWLEDGE!!

 

This is why I am upset, to send the money I owe to someone else, Who has not given me what i originally had.

[BRIGADIER2JCS]

Your agreement all its benefits, rights

and obligations has been sold to a third

party, they now own the debt and will

want you to pay them so they make

a profit.

The sale was made because you didn't

keep to the terms and conditions of the

agreement so the original creditor has

cut their losses by selling on the debt.

Why would anyone pay your debt for you:!:

[Conniff]

I still don't understand? I have a debt of £5K, Which I OWE to Black Horse, So why can i not pass it on to someone else to pay for me?

 

I do have a debt with Black Horse!! They chose to sell MY DEBT, WITHOUT MY KNOWLEDGE!!

 

This is why I am upset, to send the money I owe to someone else, Who has not given me what i originally had.

 

You have nothing to offer a buyer.

 

You have a debt of £5,000, is anyone going to buy it off you for £5,500, no, they would have to pay BH £5,000 so would have given you £500 for nothing and be out of pocket.

You have a debt of £5,000, is anyone going to buy it off you for £4,500, no, they would still have to pay £5,000 so would have to pay £500 more than they gave you so be out of pocket.

 

On the other hand.

Someone owes you £5,000 but you now can't be bothered to collect it any longer and being a bank using someone elses money, don't give a damn so sell that agreement for £5,000 to someone (dca) for £2,000. The agreement is still valid and you still owe £5,000 so if they can collect £5,000 from you, they have made a handsome profit.

 

If, on the other hand, you know someone who has funds to burn and are willing for whatever reason to pay your bills, there is nothing stopping them from setting up a direct debit from their account and paying it for you.

Edited October 3, 2011 by Conniff

[sully123]

Sorry to be a pain, Thanks for the excellent analysis Conniff, I Just think is a disgrace that they can sell my debt without my knowledge, That's the only thing the peeves me off.

 

Wish i knew some mug to pay my bills. LOLOLOL.

 

I have now found the letter BH sent me the other month with charges on it, I shall get it scanned, and wait for advise to see if there is anything as regards charges i can claim back, Just for your information, They have my debt at £4 more than the updated letter from BH, and have had a 2 further payments.

[sully123]

Here is some more information

 

 

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I shall wait for any advice, just to see if i need to claim anything from this. Thanks

[Conniff]

Wish i knew some mug to pay my bills. LOLOLOL.

 

lets hope you come up on the lottery.

[chattanooga]

Lots of well dodgy looking charges there, are you currently in the process of reclaiming?

[BRIGADIER2JCS]

Might be a tad difficult it

looks like the charges shown

a part of the judgement order.

[chattanooga]

Damn, sorry, I forgot the judgment had already been applied.

[citizenB]

Have you got a copy of the Judgment order and the amount that the court has ordered you to repay ?