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Is this credit agreement from 2008 enforceable - 1st credit have it now


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Hi all,

 

Could you please tell me if this credit agreement is enforceable?

 

1st credit are chasing it and have placed default against my name for 474£

 

The problem is i don't remember taking loan from cash euro net uk/quick quid!

 

It took 1st credit 80 days to send me the credit agreement.

 

I'm still waiting for default notice from them.

 

 

 

Thanks

kb

Edited by berkins
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1st Credit did not default the account this would be done by the original creditor prior to selling the account on.

The agreement looks ok imo.

 

Perhaps you should make a SAR to the creditor to get more details.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

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1st credit is chasing it and have placed default against my name

 

I'm still waiting for default notice from them.

 

Hi,

 

Have 1st Credit bought the account?

If so this is why their name is against the payday loan on your credit file.

 

What default date is listed?

A default is applied usually between 2 - 6 months after your scheduled payment was not made.

 

The date displayed is January 2008 so the default should drop off middle/late next year.

 

Stigman

NEVER telephone a DCA

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

 

If I have helped you, click on the star & say thank you

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Hi all,

Thanks for quick response,

I did sent SAR request on 02/12/2013 and was delivered on 03/12/2013 to Quick quid/cash euro net.

 

Loan from 1st Credit Ltd (I) / XXX7344

 

Terms 0 @ £ 0 (Monthly) Status Defaulted

Current Balance £ 474 Start Balance £ 0

Credit Limit £ 0 Default / Delinquent Balance £ 474

Start Date 31/01/2008 Date Updated 22/03/2011

Date Last Delinquent Date Satisfied

Default Date 30/04/2008

Thanks

kb

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In the SAR did they provide the details of the bank account that the money was paid into and if any payments were taken.

 

It does look ok to me however I can not remember if QQ did loans for more than 1 month at that time.

 

If you really have no memory of this you will need to check the bank account number and if it matches then check your bank account

Any opinion I give is from personal experience .

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Hi,

No statements, i think there has been no payments made at least from me.

I have written to 1st credit regards me not recalling this loan and for them to prove its mine and they sent the loan agreement after my cca request.

They said if its not mine to record it as fraud and they will check the account numbers the moneys went in to. Can they do that? Possible option?

Sar to quick quid but no letter yet from them

Thanks

K.B

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It is entirely up to 1st Credit to prove the debt is yours if they are not sure then they should not be contacting you.

Do Not do their work for them.

 

A straight forward letter stating that you do not acknowledge any debt to them and have no knowledge of any such loan and therefore 1st Credit must provide unequivocal proof that the debt is yours.

 

 

You can quote the relevant sections of OFT Guidance 2003/2006 updates Nov.2012 regarding contact when it is not clear that you are the actual debtor and 'requiring you to prove you are not the debtor who owes the debt'.

 

Guidance easily found on line(section 3,9 I think has the detail).

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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Something to be wary of, if you were to commit perjury in court by stating that you never had the loan and they were able to prove that you had the consequences could be severe. It is still your right to say you have no memory of it (if that's true) and insist that 1st Credit can prove on the balance of probabilities that you did have it .

Any opinion I give is from personal experience .

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