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    • They asked for summary judgement without hearing - which they didn’t get - a hearing was ordered , does that mean the court isn’t convinced on the face of it , enough to grant the judgment ?   i can write a witness statement - do I write a witness statement directly in response to the points they raise -  rather than when I defend the case as a whole which would me much longer and comprehensive witness Statement on all points    or do a long one here (application hearing)  , with covering skeleton argument sheet ?
    • I Ordered collection of a Dimplex heater for return to Amazon on October 2nd for October 3rd collection.  Now October 22nd and still waiting.  Despite emails to Hermes through 'Holly', when I received a one reply stating that the complaint was being investigated, two weeks ago, nothing has occurred.   I telephoned three times, only to be told that the parcel was going to be collected later that day.   I have paid for this collection and had to arrange with Parcel Force to collect, resulting in further postage cost.  Hermes invoice attached.  Payment went through my bank on October 5th. hermes-invoice-4865408.pdf
    • Thankyou so much for your reply.  After digging it appears it was a debt with 118 money for £2000 that was indeed mine from 2 years ago. so at least I can track the fact its mine.  Looking at the account it appears they took the interest off the loan and then sold it to another company.  The debt itself has been registered to an address before the one I was actually in. (lord knows how)  Heard nothing at all for 2 years then this default on the account that says azzurro associates (xxxxxx acc num etc).  I'm happy to pay it but because they have been using an address from 4 years ago I have no correspondence.  Really all I want to do is contact who the people collecting are and organise something.  It seems because I have not recieved correspondence I have now amassed over 3k instead 
    • And is there anything within the documents that states you are liable...whether you take up the offer or not ?
    • Thanks so much I will have a go. Really appreciate that. 
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    • I came across this discussion recently and just wanted to give my experience of A Shade Greener that may help others regarding their boiler finance agreement.
       
      We had a 10yr  finance contract for a boiler fitted July 2015.
       
      After a summer of discontent with ASG I discovered that if you have paid HALF the agreement or more you can legally return the boiler to them at no cost to yourself. I've just returned mine the feeling is liberating.
       
      It all started mid summer during lockdown when they refused to service our boiler because we didn't have a loft ladder or flooring installed despite the fact AS installed the boiler. and had previosuly serviced it without issue for 4yrs. After consulting with an independent installer I was informed that if this was the case then ASG had breached building regulations,  this was duly reported to Gas Safe to investigate and even then ASG refused to accept blame and repeatedly said it was my problem. Anyway Gas Safe found them in breach of building regs and a compromise was reached.
       
      A month later and ASG attended to service our boiler but in the process left the boiler unusuable as it kept losing pressure not to mention they had damaged the filling loop in the process which they said was my responsibilty not theres and would charge me to repair, so generous of them! Soon after reporting the fault I got a letter stating it was time we arranged a powerflush on our heating system which they make you do after 5 years even though there's nothing in the contract that states this. Coincidence?
       
      After a few heated exchanges with ASG (pardon the pun) I decided to pull the plug and cancel our agreement.
       
      The boiler was removed and replaced by a reputable installer,  and the old boiler was returned to ASG thus ending our contract with them. What's mad is I saved in excess of £1000 in the long run and got a new boiler with a brand new 12yr warranty. 
       
      You only have to look at TrustPilot to get an idea of what this company is like.
       
        • Thanks
      • 3 replies
    • Dazza a few months ago I discovered a good friend of mine who had ten debts with cards and catalogues which he was slavishly paying off at detriment to his own family quality of life, and I mean hardship, not just absence of second holidays or flat screen TV's.
       
      I wrote to all his creditors asking for supporting documents and not one could provide any material that would allow them to enforce the debt.
       
      As a result he stopped paying and they have been unable to do anything, one even admitted it was unenforceable.
       
      If circumstances have got to the point where you are finding it unmanageable you must ask yourself why you feel the need to pay.  I guarantee you that these companies have built bad debt into their business model and no one over there is losing any sleep over your debt to them!  They will see you as a victim and cash cow and they will be reluctant to discuss final offers, only ways to keep you paying with threats of court action or seizing your assets if you have any.
       
      They are not your friends and you owe them no loyalty or moral duty, that must remain only for yourself and your family.
       
      If it was me I would send them all a CCA request.   I would bet that not one will provide the correct response and you can quite legally stop paying them until such time as they do provide a response.   Even when they do you should check back here as they mostly send dodgy photo copies or generic rubbish that has no connection with your supposed debt.
       
      The money you are paying them should, as far as you are able, be put to a savings account for yourself and as a means of paying of one of these fleecers should they ever manage to get to to the point of a successful court judgement.  After six years they will not be able to start court action and that money will then become yours.
       
      They will of course pursue you for the funds and pass your file around various departments of their business and out to third parties.
       
      Your response is that you should treat it as a hobby.  I have numerous files of correspondence each faithfully organised showing the various letters from different DCA;s , solicitors etc with a mix of threats, inducements and offers.   It is like my stamp collection and I show it to anyone who is interested!
        • Thanks
        • Like

1st Credit and Halifax credit card debt


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Has anyone had any dealings with this company or know anything about them.

 

They buy debts from banks, credit card companies and utilities but after looking at the companies house website,

it seems they have many variations, from

1st Credit Finance (1) Limited and so on up to

1st Credit Finance (10) Limited, 1

st Credit (Management) Ltd (which has been dissolved.

 

I had a Halifax credit card assigned to 1st Credit Finance (5) Limited and had a letter saying they have now changed their name to CAI Finance Limited.

 

Edward James Intl Ltd was a previous company whom was liquidated in January 2012. Charles James Trevenen Holland is one of the directors of all these companies.

 

What is it they are trying to do, creating all these separate companies. Something very suspect maybe?

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Yes they are well known, I'll alert the site team to this.

 

Can you post a link to the data please.

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Yes, I became aware of the name change via a friend, today.

 

It does make you wonder why they want to keep splintering.

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I've asked the OP for a link to the data, can see anything on a google search at the moment, my guess is they are splitting up because of censure by regulators parts of bthe group are on thin ice I'm told.

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Is that CA 1 or CAP1? This is a very confusing name if they are not CAP1.

 

Whenever I see CA 1 for a debt collection firm I think of CAP1.

 

I wonder how many other people are confused by these very similar names.

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1ST Credit Finance 1 the original Debt Purchase Company of the group based Reigate |Surrey

Capital One credit card issuer.

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Ahhh this is their 5th portfolio company then, wonder why they are doing this.

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Yes this change is 1st Credit Financial 5, so prob no effect on ypurrs.

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got letter yesterday with 1st credit heading at top then 'COMPANY NAME CHANGE'

"]'we write to inform you that 1st credit(finance)5 Ltd Co number 7212016 has changed the name to CAI Finance Ltd it retained the same company no 7212016. This will not have any impact on your debt which is still being serviced by 1st Credit.

yours sincerely

Gavin Flynn head of collections'

No sign of Cai with DBSG or CSA company check no sign of CAI FINANCE....SOMETHING FISHY GOING ON!

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What is going on with these companies. They are trying to avoid detection of some sort, I think.

 

If you look on Companies House a lot of these companies with so many name changes, definitely something fishy going on and think will write to the OFT about their practices.

 

1st Credit (Finance) Limited 9/03/2001 HILLGATE (210) LIMITED

1st Credit (Finance) 8 Limited 27/07/2011 DE FACTO 1880 LIMITED

1st Credit (Finance) 7 Limited 05/08/2011 DE FACTO 1879 LIMITED

1st Credit (Finance) 6 Limited 27/07/2011 DE FACTO 1878 LIMITED

1st Credit (Finance) 2 Limited10/12/2003 OVAL (1926) LIMITED

1st Credit (Funding) Limited 28/10/2004 DE FACTO 1161 LIMITED

1st Credit (Holdings) Limited 04/01/2002 HILLGATE (272) LIMITED

1st Credit ((Investment) Limited 26/11/2010 DE FACTO 1816 LIMITED

1st Credit (Management) Limited 05/04/2001 HILLGATE (212) LIMITED

05/04/2001 HILLGATE (212) LIMITED

 

(nature of business) 82911 - Activities of collection agencies

 

Many have no accounts filed

 

CAI FINANCE LIMITED 21/11/2012 1ST CREDIT (FINANCE) 5 LIMITED (Last Accounts Made Up To: 31/12/2011 (DORMANT)

 

One of the directors James Trevenen Holland previous company Edward James International Ltd (No 03008304) recent filing history 20/1/2012 form GAZ2 final Gasette: dissolved ex-liquidated, return of final meeting in a members voluntary winding up. Liq case no. 1 (filed 20/10/2011). Other directors for this company also directors for 1str Credit Limited.

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Many debt purchaser companies seem to have dormant companies that hold number portfolio of debt, eg Lowell prtfolio 1 &2.

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some further information for 1st Credit (Funding) Limited

 

Accounts reference date: 31/12

Last registered accounts: 31/12/2011*

Accounts next due: 30/09/2013

Accounts overdue: no

Accounts category: GROUP

Accounts document available: yes

Annual turnover: £80,164,000.00

Annual profit: £-4,666,000.00

Turnover per employee: £319,378.49

Profit per employee: £-18,589.64

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I think many of these companies are very unethical and prey on people's fears and worries. I think the OFT or Watchdog need to look in to the practices of these companies which have become big over the past years since the recession and banks off-loading their debts. I wonder what percentage they pay for debts?

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I wonder what percentage they pay for debts?

 

On average, between 5 - 15% of the total balance.

 

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If a DCA rings you, refuse to go through the security questions & hang up!

 

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Companies often split into several entities for legal or financial reasons, and so there can be many companies as part of the same family. These entities are listed as subsidiaries of this company.

 

 

more infoquestionmark.png

Shareholders

 

 

 

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There's nothing illegal or unlawful in having a number of companies. What 1st Credit and many of their cronies in this grubby industry do is generate profit for (often offshore) investors. Buying debt for a fraction of the book value and then collecting the full amount can realise very large profits - which is why investment companies have moved in to the sector - and lots of DCAs are now ultimately owned by them - and why they need to be ever more tightly regulated. In short, it can be easy money.

 

That it causes misery for many people doesn't matter to those involved in it; the drones who work for DCAs get commission, and the investors get dividends. This money no doubt eases their consciences no end.What they do is morally repugnant, but it's not illegal, even if it ought to be.Now, it may be that the process, and all this money (some of which is, of course, just numbers on a spreadsheet), could be attractive for those who seek to launder money, but there's no evidence to suggest that 1st Credit or any other DCA is doing this.

 

In the financial sector anything that turns a profit seems to be acceptable, as HSBC's money-laundering activities demonstrate, and DCAs are certainly masters of the 'it was an admin error, honest' excuse. I don't think that FOS, the FSA or any of the other regulators (who mostly employ ex finance sector people anyway) will be looking into this anytime soon.

 

What is needed is a change in legislation to either prohibit selling and buying debt, or a cap on the profit that can be made - in other words, buy a debt for 10% of it's value, and you can only collect 25% of the original value.

Apologies for the usual spacing gremlins.

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Annual turnover: £80,164,000.00

Annual profit: £-4,666,000.00

 

Maths was never really my strong point nor economics for that matter, but even I would think that was either an extremely bad business model or are assets being transferred between trading names & possibly sent offshore to offset tax liabilities?

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