My loan with Lloyds TSB now handed to Moorcroft Debt recovery limited - a notice of intended Litigation. PLEASE HELP!

[KAYAK GIRL]

I went Through the same thing with Moorcroft and Lloyds ended up getting A debt relief order as for work /Benefits take a look at the Benefits and work website with their help i got my IB back

[soulysurfer]

I went Through the same thing with Moorcroft and Lloyds ended up getting A debt relief order as for work /Benefits take a look at the Benefits and work website with their help i got my IB back

 

Sorry, excuse my ignorance... But what do you mean by IB? I still havn't heard of Moorcroft, isnt that a bit strange?

[soulysurfer]

So...Ive just called moorcroft, and they told me that my account would be on hold until I contact them...Which I just have. They said did I want to pay anything, I said that wanted to deal with it all writing and ended the call saying i would send them a letter. I've been very busy and only just got a look in at this since I posted in January. Any ideas on what I should send to them, and what I should send to lloyds? Cheers

[KAYAK GIRL]

If u can get to a Local Citizens advice money advisor then get them to write on your behalf failing that try contacting credit consumer counciling .Do not speak to the creditors on the phone unless u record the conversation get every thing in writing from the creditors. Don't be HARRASSED BY THE CONSTANT demands or threats to send the bailiffs round They cant without a court order!. As i have all ready said get expert help from cccs or the Cab and let them sort it for u as the sooner u do it the better it will be for u

Louise

[soulysurfer]

Thankyou for all of your help everyone!! It is really appreciated. So I have sent a request for the CCA... Not for fraudelent reasons.. Just to get them off my back for a bit. However, I am going to volunteer in Africa in a few weeks time, as a friend has paid for me to go over with them. I am very worried about whats going to happen with my debt, as i'm registered at my parents address (but am rarely there anyway - they live in the middle of nowhere, so I have been sofa hopping and working due to no money and the need to work where there are jobs) I dont want them to be harrased by debt collectors. Whats the best thing to do? Do you think i should just set up a payment plan with them? Whats the mininum payment you think they will take per month? because I am mega skint!!

 

Thanks for all of your help!

[soulysurfer]

Hello all!

 

First of all, I just want to give my notice of my massive appreciation to anyone who replies on these forums. All of you who do are the most sincere and kind people, who are contribute your time to people in need. This is such an honourable thing and does not go unoticed! I am volunteering abroad only because of the kindness of a friend. I am not able to afford myself to pay for it and am not looking for any appreciation. Just the feeling that I am doing something to help in the world.

 

Because of this I have a massive problem on my hands. As previously stated, a friend has very kindly paid for me to volunteer in Africa. This was nicely timed, as I have just lost my low paid job. But unfortunately i have debts racking up to £9000; all owed to banks (not including my student loan). This is left from University, from not receiving enough student loans due to my parents income (who were not able to and therefore didnt help financially) and a failed business attempt.

 

£6500 was an unsecured loan that has now been handed to a debt collection agency (for which I have requested a CCA to slow things a down a little)

 

£1900 is my student overdraft (of which they are threatening debt collection - I have sent a minimum payment offer and a budget sheet, and yet to hear a response...Not sure if this is even possible with overdrafts)

 

£800 is a lloyds overdraft that is racking up charges and interest, (currently at £838) But has a control account feature costing £10 per month to avoid extra charges)

 

As i said, I have lost my job to redudancy, but am going to africa... I am still registered to my parents address. I will have limited internet connectivity, phone and post access over there, so I am really worried about them getting harrased. They know a little about my situation, and are worried... Especially as they dont have any money to help me out! (which I dont expect from them)

I would really like some advice on how to handle this situation and what I should do before I go. I Have very little funds available and am leaving on the 16th April for 3 months!

 

Any help would be greatly appreciated, thankyou!

[unclebulgaria67]

I have had a relatives debts chased to my address and it is not a pleasant experience. The creditors and debt collectors don't believe you when you tell them that they have gone abroad. They therefore continue to make phone calls and send letters.

 

In your position, as you will be out of the country for just 3 months, I would advise you to write to the companies concerned, about a week before you go, just to let them know you will be volunteering in Africa for the next 3 months and therefore they should not try to make contact during the period. Advise them that you do not wish your family at the address to be harassed and that you will contact them when you get back, after you have obtained relevant debt advice.

 

It is up to you whether you allow your parents to open any post or ask them to put it to one side or get it returned to sender marked ' not currently at this address'.

 

When you get back, you will need to look into each debt and see what you can do. But you do need to let them know you will be out of the country, as that should stop them taking any court action, as they would know you could not defend.

[ScarletPimpernel]

I work with people who go abroad a lot - HM Armed Forces - and my experience is that most DCAs and creditors will just carry on regardless if you tell them you will be away for x months. The only way to stop them writing to your home is to simply tell them you are moving abroad and give them the overseas address.

 

You will get the same old same old threat letters, only it will cost them more to send them.

 

You may find that your parents get a couple of letters addressed to 'the occupier' trying to verify whether you are still there, but they can be ignored.

 

Ultimately, however, there is no guarantee that they will stop - most creditors and DCAs use systems that are very blunt instruments indeed. For example, in Northern Ireland we used official 'spoof' addresses for security purposes. I had several letters from DCAs in which they told me that they had confirmed my residence at a place that did not actually exist! One even told me that one of their agents had called to 'verify your resident status' - clearly the agent was as real as the address.

[soulysurfer]

Hello, so a while back I posted about my unsecured loan being handed onto the moorcroft group - http://www.consumeractiongroup.co.uk/forum/showthread.php?333488-My-loan-with-Lloyds-TSB-now-handed-to-Moorcroft-Debt-recovery-limited-a-notice-of-intended-Litigation.-PLEASE-HELP!&p=3773281#post3773281

 

Now I went abroad, and when out there tried to set up a payment plan to pay back to them monthly....It didn't work. Whatever happened (im guessing something to do with the internet connection out there) the debit was never set up. So when I returned (3 months abroad volunteering in total) I found a letter from lloyds that said my debt was being handed on to Iqor debt recovery. It was like moorcroft was never involved. Is this becuase Moorcroft has sold the debt on again!?

 

I now have my credit agreement sent to me by lloyds tsb.

 

But am currently unemployed and have no money to give them.

 

So i'm wondering if I should just stay quiet and wait to see what happens.

 

Its now been over 8months since possible 'legal action' was going to be taken against me.

 

I'm worried that as soon as I contact anyone things are going to get worse,

for now im just getting threatening letters which i'm kind of used to now. OR..

.should I just set a monthly payment plan and pay them a £1 a month or something?

 

Thankyou so much!

[citizenB]

If you have other debts, it might be worth trying to start sorting things out before they get worse.

 

With this particular LTSB debt.

 

When did you enter into the agreement

Are there any charges or PPI that you might be able to reclaim

Have you received a default notice from LTSB and when.

 

 

Your overall situation.

 

What level of debt do you have

Do you own your own home?

[dx100uk]

three threads merged on same issue

 

dx

[citizenB]

Do you know if this has been assigned/sold to Iqor or are they simply collecting / administering the account as were Moorcroft !

 

If you send the letter below, then it will at least establish the status of the account.

 

 

Draft request for assignment - Amended Draft.doc

[citizenB]

If I read post #31 correctly, you have around £9,000 worth of debt.

 

Have you considered a DRO - Debt Relief Order ? I have attached the National Debtline Fact sheet for you to have a look at. It is the 5th one down the list.

 

All your debts can be hoovered into this order (apart from your student loan, I think) and you will be debt free within one year. This will give you the opportunity to rebuild your life.

 

http://www.nationaldebtline.co.uk/england_wales/page.php?page=35_options_for_dealing_with_your_debts

 

It might be worth having a chat with Nat Debtline

[soulysurfer]

Its handed to IQOR...I talked to them today and am paying back £1 a month. DRO....I dont want to have to deal with any court proceedings, its a nice idea though.

[susiebling365]

Thanks for that, I have just received the exact same letter, so I am using your suggestion of the letter too, .

Susiebling

[soulysurfer]

Ok I have been making £1 payments for a while now, and have just returned from an unpaid internship abroad... and have found this letter from IQOR sent on the 19th November 2012:

 

Dear MR .....

 

We acknowledge with thanks you recent payment of £1.00

 

The balance outstanding after crediting this amount to your account is as stated above. As the account is long overdue for settlement, we cannot at this stage continue to accept repayments at this level without further review.

 

Please contact us on 01772 220504 as soon as possible so that we may review your account and current financial circumstances and mutually agree the level of future payments.

 

We note that you are committed to paying this debt so please contact us within the next 7 days.

 

Yours Sincerely

 

Rebecca Potter - Head of Recoveries - IQor Recovery Services Ltd.

******************

 

 

So I was wondering if anyone knows what I should do in this situation?

 

I have at the moment about ten pounds, which is in coins in my wallet, and I am unemployed.

 

Should I just write to IQOR telling them this, and give them a CCCS budget sheet like before saying that I can only pay £1 a month.

 

Also is it worth finding out what their 'substantial discount' is - kind of pointless I feel, when i won't be able to pay it anyway.

 

Im a little worried as I have had no other correspondance from them since them, this is the only letter. But as stated, I've only just opened it.

 

Your help is much appreciated thankyou!!!

[citizenB]

Do not telephone them. Simply respond to their letter advising there is no change in your financial circumstances at this current time. In view of their threats to instigate legal proceedings you wish for all communication to be in writing as is your legal right.

 

 

Its handed to IQOR...I talked to them today and am paying back £1 a month. DRO....I dont want to have to deal with any court proceedings, its a nice idea though.

 

There are no court proceedings with a Debt Relief Order ?

[dx100uk]

sr i

other thanmerging i've not been helping

 

if you have been offered a discount this means

 

there is PPI to reclaim

 

&/OR

 

 

there is PENALTY charges to reclaim.

 

prob so on your other debts

 

i think you need to IGNORE THEM [shame you paid the £1 too!]

 

stay OFF THE PHONE!!

 

DCA's are NOT BAILIFFS and have

 

NO SUCH LEGAL POWERS

 

can you poss save your cash and get an SAR off to Lloyds [£10 PO] somtime soon?

 

i bet there is PPI on the refinance to reclaim & lots of it.

 

your need ALL THE statements & both agreements

 

what WERE the two loans [£XXXX] and when did you take them out?

 

dx