Link adding interest to 2 GE old sold loan debts

[roaringgirl]

They did not terminate the agreement before the sale to Link, so I am led to believe.

[dx100uk]

then sadly the quote in post 86 from link is correct

 

 

and as long as their calcs are correct too they've done nowt wrong

 

 

dx

[roaringgirl]

. Ok.... Just have to negotiate a payment to them.

[dx100uk]

or await the SAR and get that PPI reclaim running on both loans

or is this only one so far they are after?

 

 

you could also try and reconstruct the loan

and see if they are correct?

 

 

try:

[roaringgirl]

Have got the PPI claim running.

 

I think I will SAR GE Money.

 

Can you explain to me what you mean by reconstructing the loan?

 

It's ok... I can see now

 

How do I change the interest rates?

 

That spreadsheet says I owe considerably less than what they say I do.

[renegadeimp]

They did. But are they going to tell the truth? Not.a.chance with these two inept companies

[dx100uk]

prob penalty chares added and the interest on them.

i'd await the statements via the sar for a true figure

you can pull apart!

[dx100uk]

just as a side note 12.6% of anything you actually paid went on PPI

[roaringgirl]

I don't want to get taken to court .. Shall I ring them tonight and say I want to make payments?

[dx100uk]

well they haven't in 2 yrs so why now

and as per post 47 that loan agreement has errors

that prob make the whole agreement invalid

unless its a mix up between load 1 & loan 2

 

 

they are after one only

and they sent loan 2 paperwork??

[Guest]

re #108

up to you.

did they specifically say that they 'will' commence litigation. the 14 days is up by a week from that letter you mentioned! no claim.

as a last ish resort, you cld take it to the FoS, let them decide what interest they can charge. if they say its all legit, then so be it.

can also include a ppi complaint.

[roaringgirl]

Ok, Link now want Kearns to proceed with a CCJ.

 

I have rung them and told them to freeze the account while I do a SAR.

 

They agreed to hold for 7 days.

 

Their other option is pay it back in 5 monthly instalments.

 

I STILL maintain I don't owe them all that.

 

 

How can I still owe the more than I was actually given credit for?!!!

 

 

After 9 years?????

[dx100uk]

PLEASE STOP RINGING FLEECING DCA'S..

 

 

they have no legal powers at all.

[roaringgirl]

PLEASE STOP RINGING FLEECING DCA'S..

 

 

they have no legal powers at all.

 

They might not, but their solicitors have. And they want to take me to court.

[dx100uk]

no they are acting as a dca mouth piece

kearns are the next bloke at the next desk

in a diff coloured skirt

 

 

they might 'want' or 'threaten'

if might instructed could

but not WILL.

 

 

dx

[renegadeimp]

You're falling for their tricks. They can see that very obviously aand have you marked as gullible

[roaringgirl]

So what now?

 

Can you explain to me in legal terms why they cannot take me to court?

[dx100uk]

try the otherway around...

 

there no rhyme or reason why they cannot

doesn't matter what you do sadly

 

if a fleecing DCA thinks they can mug you

even if the paperwork.balance.PPI.etc etc are naff

or negate the debt, they will.

 

PPI time and then off to the FOS

[Guest]

I have rung them and told them to freeze the account while I do a SAR.

 

They agreed to hold for 7 days.

you wont get sar info back within 7 days. but, do the sar anyway if its material.

 

as mentioned, that last letter where they threatened court didnt materialise in a claim after their given 14 days (they have pretty much confirmed that, as when you phoned there was no claim). because they didnt say in the letter 'will'.

have had lots of template letters saying 'may' send it to sols in x days. from about a year ago. no claim. ok, it all depends on individual circs, and sometimes they may not follow the required letter before claim. but, given that they didnt do a claim after their last 'may' might give an idea.

up to you, just a thought

[roaringgirl]

When I spoke to the solicitors, they told me that Link had instructed them to proceed with taking me to court.

[Guest]

When I spoke to the solicitors, they told me that Link had instructed them to proceed with taking me to court.

have you had a letter before claim?

if you're worried about, put a formal complaint in. re the interest. and the ppi, and anything else. to go to the fos if not resolved. that should put things on hold for a bit longer.

[dx100uk]

'instructed'

does not mean will.

 

 

and it was on the phone too.

 

 

same word they use in the letters.

 

 

dx

[roaringgirl]

Hi, long time since I last posted on this thread.

 

2 debts to GE Money.

 

One paid back.

 

The other, the last payment was in December 2013.

 

Just received a letter asking me to contact them regarding the money owing on the account.

 

I have had no contact Re this debt since 2014.

 

It is enforceable.

 

If I hold out till December this year, can I make it statute barred?

[AndyOrch]

Then dont contact them...file

[roaringgirl]

I am not going to. The last time this happened they got their solicitors on to me and threatened to take me to court.

 

I am buggered if after all this time I should pay up. Especially when all I am doing is paying the interest after the debt had been sold.

 

The debt is 12 years old for Christ’s sake!