@mbna Sold on to Idem

[teena]

Hi Chaps,

 

I have a friend who's MBNA account has been transferred to Arrow Global, he was notified by letter on 15th January 2012.

 

He has never been in touch with MBNA or anyone else since he defaulted 18 x months ago, and would therefore be a non-payer.

 

So this seems to follow what toxicdebt thinks!

 

 

J.

[bangers11]

Hi Guys,

 

I have been reading with interest as well...

Iv had a letter today stating that my debt with MBNA is now been sold on to Idem.... Do i keep paying MBNA as i trust them or do i start paying Idem who i have never heard of before?

[victoria_siempre]

Hi bangers

 

My letter from Idem gives me the choice of paying MBNA for the time being or paying Idem direct. This is I think a matter of slow tactics. Idem tell me that my legal rights are not affected by this transfer (ho bleeding ho). I am not minded to pay them until they provide a CCA and statement of alleged account. Interestingly my credit file shows this a/c as absent on one and settled on another. I have not yet communicated my mind to them.

 

I hope this helps.

 

x

 

v

[bangers11]

Hi VS

 

Thanks for the reply, I will be giving MBNA a call in the morning with my concerns about my DMP with them and to see if Idem will honor that agreement.... Also whats worrying me is on the letter that MBNA sent me with the Idem letter in it there is no balance on the amount i have left to pay!!

 

Cheers

[victoria_siempre]

Indeed bangers

 

No balance or statement is a curious state of affairs.

 

One is reminded of the EU Credit Directive and that they are accountable for our legal rights. I don't think MBNA will shed much light as much as sh*t; hence slow tactics innit.

 

x

 

v

 

 

PS There are inquiries about the tax relief treatment of carousel debts by casino bankers.

[victoria_siempre]

Post deleted so as not to offend Diamond geezer, casino banker.

[Happyhippy1959]

Yep, had my letter saying it was sold to Arrow, guess what,, Hippy code no 1 kicked in,,, original creditor has sold so lets see an CCA please, nothing forthcoming yet so they have been told ACCOUNT IN DISPUTE....

 

Now there is a lot of scaremongering here about charging orders. the fact is like Vic I have no equity at all and this would be my que to just stop paying me mortgage and secured loan and go and get a rented flat..... But as Vic say's, lets see what they have on us. Most MBNA CCA prior to 2007 are either lost, or unenforceable for one reason or another. As for Charging orders this is a long way down the line and to put it in perspective it would be a restriction not a charging order as such.

Edited March 12, 2012 by Happyhippy1959

[victoria_siempre]

Quite hh

 

And why is no balance shown or acceptance of legal obligations regarding previous repayment arrangements with Bank of Yanks; MBNA; Morgan Stanley; Dean Witter.

 

It's a wonder that we won the war; but I suppose we finished our Lend Lease DMP after only 40 years.

 

x

 

v

[Michelangelo48]

Excalibur 48 missed 2 dmp-iva payments to Mbna in Jan, Feb! GOT A DEFAULT NOTICE/LETTER OF TERMINATION/ RESALE TO IDEM SERVICING BUNDLE-Dated 05:03.12-again "no notice", new Idem acc. No. ruse seems in place! paid Mbna for Jan, Feb and March! Advised Fos of no notice default. Termination and complained 2 Mbna CAO office!

[victoria_siempre]

Hi Ma

 

They refuse to reply to any correspondence and a letter from Arden comes next.

 

x

 

v

[Michelangelo48]

So threatening letters already! Havent they heard of BCOB REGS! post 2009-where they are required to treat customers, fairly and with civilty! are we customers or mere debtors! again no balance and CCA evident in corresp sent! Surely grossly ill re CCA Act 2003 and backed by UK banking regs!

[Michelangelo48]

Hi V. Como esta chica! Excab. 84! ps 2payment due to Dhssps benefit errors who have owned to the error and sent letter to Chris Lovell at Mbna Customer Advocate Office! Lol.rsvp!

[victoria_siempre]

Hi guys

 

Pl see my post started 27 Jan in context of:

 

Licence History

 

Licence Details:

 

 

Licence/Application Number Licence Status Applicant/Holder Name 0642971 Current Idem Capital Securities Limited Event Details:

 

 

Event NumberEvent TypeDate of ReceiptClosed DateStatus 2Variation 22-Sep-2011 02-Feb-2012 Completed 1New Licence App 17-Mar-2011 20-Apr-2011 Completed

 

maybe gunning the jump?

 

x

 

v

[Michelangelo48]

So we are to-or did form an orderly queue while they tried to shaft us unbeknows??!

[bhoy1976]

I've been just reading this thread for the first time this evening.

 

I made a full and final offer to MBNA in January 2012. There was no reply but I did notice on my CCCS account that IDEM Capital Securities had taken control of the debt.

 

I never received any letter to confirm this, so I sent the same letter to them that I sent to MBNA. 3 weeks later and I have still not had a reply.

 

They don't appear to be playing the ball here. Unless of course I'm on a long list of people awaiting responses.

 

I will keep this thread updated with my experience with IDEM.

[victoria_siempre]

Thanks for the update bhoy

 

Colleagues who have enjoyed this thread might find the following interesting:

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?319559-Picture-Loans-Idem-Servicing

 

x

 

v

[mikey130]

Interesting guys, my mbna account defaulted jan 2010 and I hadn't heard any thing since then, untill a letter arrived 24th Feb telling me my loan had been sold to AOF 2 sarl and will be administered by Moorgate loan servicing, who have appointed Arden credit management to deal with me, and guess what they're all part of the Paragon group, difference is I had no payment arrangement in place with MBNA, I've cca'd them as i've no cca and sent door step letter as well any advice gratefully received.

[hamadryad]

Hi Guys 'n' Gals,

 

First posting here so be gentle!

 

I had a CAB generated agreement, (early 2010). with my creditors which got me out of seriously sticky situation. My wife had developed a rightside brain tumour, (Glioblastoma Multiforme Grade 4), which completely changed her. She became delusional and developed serious personality changes. She ended up divorcing me and I lost everything, (except the debts in my name).

Setting up a rented flat and furnishing it was done minimally, but I had work so.......

 

Now out of work since mid March 2012 and have written to all my creditors to get them to reduce my payments to £5 each. Sent them all a breakdown too. Adjusted the standing orders to reflect the situation and they have been in place now in March and April. They all appear to be happy now, but at 59 this later this year, the prospect of getting fruitful labour is somewhat dim!

 

I received a threatening letter while I was away visiting my Mum from HL Legal saying I hadn't paid and if I didn't respond by 17th April I could face court action.

I've written back today detailing the payments I've made and I'm not really worried about HL at all. I'm making the payyments as I said I would!

 

My concern is the on the advice of some members here, I signed up for Noodle and lo, there are Idem, where MBNA should be!!

 

No-one told me my liability was being sold to Idem and Idem have not written to me.

My questions are just a few:

1. Are MBNA allowed to do this without informing me?

2. Do Idem have a licence to be able to collect my debt?

3. Will Idem have to honour my agreement?

4. Is there anything I can do to get them to write off the debt given my age/employment prospects?

 

I look forward to your knowledgeable response.

 

In the meantime.....£5 it is!

Edited April 16, 2012 by hamadryad
Spelling!

[victoria_siempre]

Hi Guys 'n' Gals,

 

 

No-one told me my liability was being sold to Idem and Idem have not written to me.

My questions are just a few:

1. Are MBNA allowed to do this without informing me?

2. Do Idem have a licence to be able to collect my debt?

3. Will Idem have to honour my agreement?

4. Is there anything I can do to get them to write off the debt given my age/employment prospects?

 

I look forward to your knowledgeable response.

 

In the meantime.....£5 it is!

 

Hi h

 

The blunt answers are:

 

1. No but Idem will swear blind that both MBNA and they wrote to you.

 

2. They do now.

 

3.No, but they are unlikely to do any more than threaten in your circumstances.

 

4. As 3; and the less you are able to pay them the sooner they'll get bored and flog it on.

 

x

 

v

[hamadryad]

Hi Victoria,

 

Thanks for that!

 

I wonder if that means I can now stop paying MBNA through whom I took out a Virgin CC?

 

Since they will swear blind I'll demand a copy of the letter they sent to verify the action.

 

I have no fear of these kind of people. It is not my fault I am in this situation. There are more victims of cancer than those who have succumbed to that awful disease.

 

Bring it on, they can't have that which I do not have!!!

 

Nolli illigitimo carborundum!

 

x

 

B

[millie35]

My mbna acc has recently been sold to idem. My husbands mbna account has been sold to Britannica Recoveries. Are we too late to send a SAR to MBNA or do we have to send it to the new companies? One other question is there any logic behind selling the debts to different companies, I owe twice as much as my OH?

[victoria_siempre]

Hi millie

 

You can SAR MBNA to reclaim charges, interest thereon and any PPI; this might also be the basis for placing the a/c in dispute.

 

As to your second question, MBNA have sold chunks of delinquent a/cs to various bunches of bandits; I suppose one would have to re-read 'Waiting for Godot' to find any logic in it.

 

x

 

v

[mikey130]

Hi Guys,

Have read a lot about MBNA loans being unenforceable if they pre date 2007, can any one tell why this is ? and is that april 2007 ie financial year ? reason i'm asking is that my loan being chased by Arden credit management appears to date from Jan 2007, i've cca'd them and await there response any light would be much apreciated.

[Michelangelo48]

Very interesting! Is this true!!! I am just about to cca MBnA and Idem! M

[mikey130]

Hi michelangelo,

Thats exactly what I want to know there are loads of references on various threads to this fact but have only been studying/ looking at site for about 3 days now, take your time to look through various threads its a gold mine but time and again mbna comes up with loans /cca's having been lost or unenforceable if they pre date 2007 any one help us out on this please ?