HFC / HSBC sells off debt to Lowells

[Lokur]

Should I respond to this letter, as the way it was written strongly implies they will take it to court as soon as the 7 days are up to avoid the SB happening in December.

 

If I write something along the lines of:

 

Dear

 

Thank you for sending through the statements. To verify that I owe this debt, I've sent a subject access requirement to HFC bank which they have 40 days to respond to. I tactfully request that the 7 day deadline mentioned on your letter be extended so that HFC have a chance to comply with the SAR and that I can review all the information received.

 

Kind regards,

 

I can't afford this going to CCJ, as I've just cleared the default this debt caused in the first place. Me and the wife is planning to buy a house to raise our kid, and a CCJ will ruin those plans.

[dx100uk]

prob just a std letter with all the if might mays included.

 

i'll await to see it.

 

have you asked hfc where your sar has gone too

 

you NEED those statements

 

or atleast be able to calc the PPI reclaim

 

as well as the PENALTY charges you have I bet

 

dx

[Lokur]

I'll scan up the statements and the letter tonight, and post it tomorrow morning.

 

I called HFC just now and the person I spoke to could find no record of any SAR on my account.

 

Should I resend?

 

The standard letters I've had in the past from Lowell, is full of Mays, Ifs and Buts. However this one was strictly: Pay in 7 days or we reserve the right to issue court proceedings against you without further notice.

 

-Lokur

[Lokur]

Converted to PDF.

[dx100uk]

you have life & ASU there to reclaim

 

as well as lots of 'fees'

 

have you sent lowlife a CCA request?

 

dx

[Lokur]

No, I sent them a Prove It letter, which prompted the Statements and also a credit agreement. I'll scan up the agreement and post it tomorrow.

 

My main worry is the wording in that letter make it sound like 7 days, and County Court.

 

I've spoken to a family member who have some money, and they are willing to help some, so I'm wondering if it's worth making an offer?

[dx100uk]

time get reclaiming as suggest first of all.

 

that's a std tthreat-o-gram

 

seen it loads of times

 

if/if not they do progress to court

 

shows no logic as to how they decide.

 

dx

[Lokur]

Do I aim my reclaims at HFC?

[dx100uk]

yes always the OC

 

dx

[Lokur]

Ok, I'll take a look at some of the successful reclaim threads to find the correct letters, and tools to calculate reclaiming amounts.

 

One thing that I haven't mentioned, was that I had a loan with HFC of about £1,000 which had a PPI included that was consolidated into this new loan when it was taken out. So there could be additional PPI costs to reclaim.

 

-L

[dx100uk]

You should download a copy of the fosicon consumer questionnaire from here and complete it.

http://www.financial-ombudsman.org.u...notes/ppi.html

Ideally you should prepare a spreadsheet showing how much you may be due back (see no.1 in my signatureicon). Submit the completed questionnaire to the lender alomng with the spreadsheet and a brief covering letter saying that you believe you were mis-soldicon and you enclose the relevant complaint form.

They will have 8 weeks to investigate and give you a decision.

If they do not respond within the 8 weeks then you are entitled to open a complaint with fos.

If they respond positively and make an offer, you can use the spreadsheet to check any offer they make. If you disagree with any offer or their decision you can challnge them or open a complaint with fos if they say theirs is a final decision.

Since all of this is time sensitive, send your complaint by some trackable method so that you know when they receive your claim.

 

you first port of call is to do the spreadsheets

 

use the CIsheet for the 'fees'

 

and as detailed above

 

the statint for the PPI.

 

details upon how to calc is in link 1 below.

 

lets see things first before you start sending stuff off

 

dx

[Lokur]

Had another letter today.

 

They are disappointed that after writing to me I've made no attempt to pay or arrange a payment plan. They urge me to get in contact immediately otherwise they may issue court proceedings.

 

Fairly short letter with just a few lines.

[dx100uk]

pigs may fly too

 

dx

[Lokur]

Should I inform Lowell that there is a dispute with the original creditor?

 

All i've communicated to them so far is a Prove it letter,

which I think was a mistake as they became a lot more aggressive

following the receipt of statements showing that I had paid some moneys in after default making it Not statute barred.

 

I'm still compiling all the stuff for a PPI reclaim against HFC.

 

-L

[Lokur]

Another letter from Lowell.

 

Despite having written to me with a reply to my prove it letter, they have yet to hear from me. If I dont contact them in 7 days they will re-asses the status and may send it to one of their external collection agencies for collection.

[dx100uk]

usual rubbish

 

dx

[Lokur]

I'm only claiming what I've paid in to HFC with 8% interest, and any interest added to the loan as a result of the PPI correct?

 

-Lokur

[Lokur]

Just had a letter from Red, they are going to review my credit file and decide a course of action. Then they threaten CCJ or Bankruptcy action. Lots of mays ifs and perhaps. So I take it its another threat gram?

[dx100uk]

 

you're learning!!

[dx100uk]

I'm only claiming what I've paid in to HFC with 8% interest, and any interest added to the loan as a result of the PPI correct?

 

-Lokur

 

???

 

put the charges in a copy of the CISHEET

each one on the date it was levied

 

put the loan int rate [apr] in cell d 15

 

............

 

PPI

 

follow link 1 below.

 

unless the agreement tells you the monthly PPI figure [most did]

 

you'll need to work out the PPIPCM% using link 1 below.

 

use the STATINT sheet

 

enter every monthly payment of PPI in

 

the sheet does the rest

 

dx

[Lokur]

Another quick question while I'm working on all this:

 

I had a default notice from HFC, and If I remember correctly it stated they would terminate the agreement if the arrears was not paid in 14 days.

 

However I never did pay the arrears, I just started paying the monthly amount for a few more months, when upon I disputed the debt and stopped paying altogether. I then recieved a new default notice.

 

Would any of the above have any impact on this case?

 

(P.S. I've sent another SAR to them to verify everything as they never complied with the first one)

[dx100uk]

there is no direct link between a dn and any defaulted date on the cra file.

[Lokur]

Another letter, from Red this time.

 

It states they have my credit file and if I don't pay they will pass it over to hampton legal with their recommendation.

 

It offers a 70% discount on the debt.

 

It ends the letter, respond within 03.09.2014 or they will instruct Hampton legal.

 

I believe Hampton Legal is their in house team yes?

[BRIGADIER2JCS]

Another letter, from Red this time.

 

It states they have my credit file and if I don't pay they will pass it over to hampton legal with their recommendation.

 

It offers a 70% discount on the debt.

 

It ends the letter, respond within 03.09.2014 or they will instruct Hampton legal.

 

I believe Hampton Legal is their in house team yes?

 

 

 

 

 

Yep Hamptons just the next desk along the office!

So from the Red desk jockey to the Hamptons desk jockey.

 

 

Have you checked credit reference files to see if there is a default on the account?

[Lokur]

The default was on my credit file, but expired in January/February this year.