LLoyds TSB Goldfish Loan paying 1st credit for 8yrs now

[suzikins]

All creditors were written to by letter dated 21.08.06, to inform them of financial difficulties. I enclosed £1 token payment and cont’d to pay this for some months until payments increased. The original payments amounted to £500-£550 per month. I am still currently making reduced payments as below. I am unsure where I stand and what I can do, if anything, and do not want to open a can of worms as I have been off work with bereavement/stress/anxiety and as a result I am now unemployed.

 

If you have read any of my other posts you might be getting the idea of what a pickle I've got myself in to, or got myself in to ten years ago.

 

 

thanks for reading and for any advice you can offer.

Lloyds TSB Goldfish Loan - now with 1st Credit

Not showing on Equifax file

Balance £4555.07

I pay £24.00 per month

Letter from Lloyds dated 17.11.06 stating, “we cannot accept your payment proposal or suspend the charges and interest on your account”

I have the original Goldfish CA from July 2004.

 

Letter from 1st Credit dated 11.01.2008 stating, “We give you notice that Lloyds TSB Bank has assigned 1st Credit all of Lloyds TSB’s rights in to and under the above detailed account.”

 

Always (monthly) sending discount letters, last one dated 23.12.13 offering 50% if paid in Jan, with decreasing % for payment in subsequent months.

 

CCA requested 06.01.14. no reply r’cd to date. Should I withhold payment until I have evidence from them?

[Annie71]

I notice you are now not working.

 

I would think about sending a letter to all your creditors asking for a 6 month break in payments

while you get back on your feet.

 

There is I think a letter in the library.

 

That way you are not just stopping payment.

 

They may want proof of unemployment and I can see no reason not to supply a redacted copy of your termination letter

and or your benefits award.

[Annie71]

P.s you are obvioulsy fairly organised, make sure it stays that way, keep copies of all letters sent received and proof of postings.

[suzikins]

I notice you are now not working. I would think about sending a letter to all your creditors asking for a 6 month break in payments while you get back on your feet. There is I think a letter in the library. That way you are not just stopping payment. They may want proof of unemployment and I can see no reason not to supply a redacted copy of your termination letter and or your benefits award.

 

 

Thanks for that, I hadn't thought about taking a payment holiday. I had thought of making £1 token payments. My last pay is on 23rd January and this will be a reduced amount as I only worked 1/2 month. I resigned so will not be able to claim benefits, but my parents have been kind enough to help with essentials until I can. The thought of all the calls/letters starting again fills me with anxiety, I feel sick just thinking about it.

[Annie71]

If you resigned because of ill health can you get a sick note from your gp and claim ESA? That would also be good evidence to send to your creditors. If you really have no income why should you be paying anything.

[dx100uk]

if they've failed the CCa request

 

send the failure to reply letter

 

stop payments

 

as with your other debts

 

bet your are being cash cowed.

 

dx

[dx100uk]

if they are offering a discount

 

means there something up with the debt

 

prob PPI or it was never enforceable in the first place.

 

get an sar off to Lloyds get all the statements.

 

scan up that agreement as a PDF but remove your details

[suzikins]

Thanks to all for your help and advice Annie71 and dx100uk

[suzikins]

couldn't convert/pdf them.

 

 

sorry, managed to do them after all - loan taken out July 2004

Edited January 21, 2014 by suzikins
added loan date

[dx100uk]

where did that come from?

 

for a loan from 2004 it MUST have your signature on it

 

I also didn't see a right to cancel box.

 

how did you apply for the loan?

in a bank premises?

 

dx

[suzikins]

where did that come from?

 

for a loan from 2004 it MUST have your signature on it

 

I also didn't see a right to cancel box.

 

how did you apply for the loan?

in a bank premises?

 

dx

 

 

Letter saying that my loan application was 'successful so far' came from Goldfish PO Box 42, Peterlee SR8 2YQ.

 

 

I did not go into the bank to apply for the loan, it was either on telephone and/or online.

[Annie71]

I dont understand why it is a non cancellable agreement.

[Annie71]

All I can think is that it is a recon. If that is so you need to be able to make a positive assertion that you did not sign the agreement. I hear a case was list recently even though the creditor could not produce an agreement

[suzikins]

All I can think is that it is a recon.

 

 

this is the original document they sent me as a 'customer copy' back in 2004. This is what worries me with debts, I do not want to end up in court. I can take a few hassling letters from 1st Credit. This morning I have cancelled their direct debit payment. CCA request sent 06.01.2014, no response yet. 2nd letter already prepped to send in a couple of days.

[suzikins]

If you really have no income why should you be paying anything.

 

 

to try to stop them hassling me, the letters I can maybe cope with, but phone calls are another matter - very stressful!

[Annie71]

http://www.consumeractiongroup.co.uk/forum/showthread.php?387367-Harassment-by-Telephone

 

Send the above for phone calls , edit to suit

 

 

For a payment break send this

http://www.consumeractiongroup.co.uk/forum/showthread.php?387353-Request-Payment-Holiday

 

again edit to suit, in fact you could combine them into one letter.

 

 

with regard to signatures I am afraid a missing creditor signature will have no effect but your missing signature could make a huge difference.

[suzikins]

Thanks Annie71. I have now cancelled all creditors payments, as you said - why should I be paying them at all when I have no income.

[suzikins]

CCA requested from 1st Credit 06.01.14.

BACKGROUND INFO: Not showing on Equifax file

Balance £4555.07.

I paid £24.00 per month (stopped this month due to unemployment)

 

I have the original Goldfish CCA from July 2004.

Letter from 1st Credit dated 11.01.2008 stating,

“We give you notice that Lloyds TSB Bank has assigned 1st Credit all of Lloyds TSB’s rights in to and under the above detailed account.”

Reply to CCA Request dated 20.01.14 r'cd 23.01.14 says,

"Thank you for your recent correspondence.

Your letter has been passed to the appropriate department and they shall respond in due course."

 

Should I still send 'failure to respond' letter,

as they haven't sent what I asked for, or wait to see what happens next?

 

 

thanks.

 

 

[silverfox1961]

Hi

Worst Credit know the rules and you have no need to remind them unless you feel the need to. There is a 'failure' letter in the library.

 

It would be nice to see what (if) they send when you compare it to the one you have

[dx100uk]

two threads merged

 

please keep to one thread per debt

 

dx

[suzikins]

two threads merged

 

please keep to one thread per debt

 

dx

 

 

sorry dx, I will get it right!

[suzikins]

Hi

Worst Credit know the rules and you have no need to remind them unless you feel the need to. There is a 'failure' letter in the library.

 

It would be nice to see what (if) they send when you compare it to the one you have

 

 

I think their tactic is going to be phone calls, telephone harassment letter being prepped just in case. had call from them at 17:28 today - first time they've called me for years.

[suzikins]

I'm annoyed with myself, worked out I have paid 1st Credit at least £1900 for a debt they probably paid a lot less for - think I read somewhere they pay 12p in the £1 which would mean they paid less than £800 for it. surely if the OC sells a £6500 debt for £800 then it means they wouldn't have been able to enforce it anyway? what an idiot I am

[Annie71]

Suzi , regardless of the price they paid for it if they have the correct documents or evidence they can enforce. So yes, if eveything is in order they could enforce and for that amount you could end up BR. Now you need to look and see what documents they have and make a choice.

[suzikins]

Suzi , regardless of the price they paid for it if they have the correct documents or evidence they can enforce. So yes, if eveything is in order they could enforce and for that amount you could end up BR. Now you need to look and see what documents they have and make a choice.

 

 

failure to comply letter was sent to 1st Credit on 25.01.2014.

response to first CCA request dated 20.01.2014 said,

"your letter has been passed to the appropriate department and they shall respond in due course".

 

I sent an email to the Forum Administrator to ask if amounts I put in and/or attachments could be removed from my posts,

as I have a concern that these may be picked up by 1st Credit.