lstb bank debt sold on to apex

[amd2012]

Hi i recevied a letter on 16 march 2013 from lloyds tsb dated 21 febuary 2013 to inform me that the debt was sold on to apex credit management on the 3rd of august 2012.

Should i have been imformed earlier of this the account is still to be managed by aic this has been the case for the past 8yrs and has been done on the basis of income and expenditure

Do i need to worry about this change

Amd2012

[citizenB]

No, you have no need to worry about the change - have they advised it has been assigned/sold or are AIC only "managing" the account on behalf of LTSB ?

 

Either way, if you have a payment plan in place then it has to be continued. If you do receive any communication from AIC that worries you, just come back and let us know.

[brokebutnotbeatn]

Apex tend to play by the rules - or rather tend not to makes their own up with constantly changing goal posts - so your payment plan should continue relatively smoothly. Give it a few months then you can start to think of a F&F.

[Bazooka Boo]

What is the debt?

Who is the OC?

How much is it?

 

Have you seriously been paying this for the last 8 years??

[amd2012]

No, you have no need to worry about the change - have they advised it has been assigned/sold or are AIC only "managing" the account on behalf of LTSB ?

 

Either way, if you have a payment plan in place then it has to be continued. If you do receive any communication from AIC that worries you, just come back and let us know.

Hi it appears to be assigned to prime credit but sold to apex aic are still managing the account

[amd2012]

Hi thanks for the reply what is a f and f

[amd2012]

hi it is a unsecured loan

Not sure what a oc is

Debt left 43,000

Yes those good people at lstb loaned the money to me when thinks went wrong had help from citizern advice and have managed the account myself since

I belive i was mis sold the loan as the payments out seeded my income at the time one has ppi on it the was defeffo mis sold can i claim that back

[renegadeimp]

Hold up. The debt is £43000 and they sold it? You are being cash cowed BIG TIME.

[Bazooka Boo]

Hmm, how did you manage to get a 43k loan unsecured from a high street bank?

Something smells...

[BRIGADIER2JCS]

Have to agree BB this doesn't add up at all!!

[Bazooka Boo]

25k is the maximum Lloyds will give you for an unsecured loan.

[BRIGADIER2JCS]

Great minds BB that's what I've found!!

[citizenB]

If you have Payment Protection Insurance that was mis sold, then yes you can reclaim that.

 

You need to obtain all the information you can by way of a Subject Access Request to LTSB - there is a draft letter in the CAG library.

 

You will need to send £10.00 with your request - once you have statements and other data in respect of the loan - you will then need to complete a spread sheet, download the complaint form from the Financial Ombudsman Website - then send the whole pack to LTSB sayign why you believe the PPI was mis sold and can you please have your money back.

 

I must admit, a £43,000 unsecured loan does sound a bit odd !! - is this just one debt or more than one that has been combined ??