Old BH Loan Sold to DLC/Hillies - help

[scared34]

Hello all,

 

I would appreciate any advice on this.

 

 

We had a loan with black horse taken back in 2008,

due to financial difficulties we stopped paying our agreed monthly payment

and went for reduced payment plan initially with BlackHorse.

 

 

After about 12 months the debt has been assigned to Ascent whom we were paying the same amount agreed with BlackHorse.

 

 

Couple of weeks ago we have received letter from Hilsden Securities trading as DLC

informing us that BlackHorse has sold debt to them and they are now our data controller.

 

 

However the amount Hilsden claim we owe is incorrect.

How should we play this?

 

When account was still with Ascent we have made CCA request and SAR request to Blackhorse.

 

 

Sar is dated 17th of June with all payments that have been made up to that date.

We also can prove payments made after that date.

 

What should we do?

 

All help is greatly appreciated as always.

[Bazooka Boo]

You had an agreement with BH to pay a reduced amount, which they agreed to, did they tell you that they were 'selling' this to DLC?

[scared34]

Yes they did I. have received letter from Blackhorse that the debt is being managed by Hilsden Securities. They have not used word 'sold' tough.

[dx100uk]

and was the CCA compliant?

 

 

if BH sold the debt

 

 

you can be your bottom dollar

there are reclaimable insurances and PENALTY charges to reclaim I bet.

 

 

dx

[Bazooka Boo]

And whatever you were paying BH drop it right down to £1 a month or at the very least cut it by 50%.

[citizenB]

Hello all,

 

I would appreciate any advice on this.

 

 

We had a loan with black horse taken back in 2008,

due to financial difficulties we stopped paying our agreed monthly payment

and went for reduced payment plan initially with BlackHorse.

 

 

After about 12 months the debt has been assigned to Ascent whom we were paying the same amount agreed with BlackHorse.

 

 

Couple of weeks ago we have received letter from Hilsden Securities trading as DLC

informing us that BlackHorse has sold debt to them and they are now our data controller.

 

 

However the amount Hilsden claim we owe is incorrect.

How should we play this?

 

When account was still with Ascent we have made CCA request and SAR request to Blackhorse.

 

 

Sar is dated 17th of June with all payments that have been made up to that date.

We also can prove payments made after that date.

 

What should we do?

 

All help is greatly appreciated as always.

 

You simply ask them to account for the discrepancy. Advise that you can prove all the payments made and would like an explanation as to why their figure differs.

 

They cannot charge you for debt collection.

[scared34]

Hello,

 

Thank you all for advise. CCA they provided is complaint.

No insurances on loan. There was few charges fir the amount of £225 on it, letter to reclaim them have been sent(awaiting BH response).

I will sent letter today asking for discrepancy.

Best regards

Scared34

 

Another question guys,

 

If alleged sale of debt between Blackhorse and Hilsden Securities took place,when Hilsden will show on my credit file?

 

I checked my CRA file today and BlackHorse is still the owner of debt.

 

There is also no defoult entered against it.

 

It just simply sais 'late payment'

 

How can I find out if the has been trully sold?

 

Thank you all for advice

Scared34

[dx100uk]

you should have received a letter entitled 'notice of assignment.'

 

 

if you have not

then they are only collecting

and can be ignored, keep paying as and to whom you have been.

 

 

 

 

what was the Org loan about please? and from when?

 

 

you say the CCA is complaint?

 

 

I cant see any other threads here with the info in ?

who decided it was complaint?

 

 

dx

[scared34]

Dx,

 

Notice of assigment has been received. It states as follow:

 

' we are writting to advise you of an important change to the ownership and managment of your account.

As your current account remains in arreas we have pass your account and outstanding balance to Hilsden Securities trading as DLC.

You will receive a seperate letter from dlc confirming the transfer of ownership and responsibility.'

Letter from Hilsden received as well.

 

The loan was taken out back in 2011 for £9000 with annual i intrest rate of 16.70% per annum.

 

CCA we received is exactly the same as the one we still have at home.

You can clearly see amount of credit, total charge for credit, total amount payable,

amount of monthly repayments, ours signatures,

and terms and conditions at the time loan was taken.

 

 

Based on that we presume CCA us legit.

We want to pay it back, we just do not want to pay more that we owe.

 

 

Best regards

Scared34

[renegadeimp]

Have you reclaimed any insurances and charges at the interest rate they charged you? Something is fishy with the debt as it is rare for a creditor to simply sell such a large debt off when they could take you to court themselves.

[dx100uk]

have you ever sent BH an SAR to get all the statements?

 

 

its rare for a debt to be sold without a good reason.

 

 

for a loan of £9k in 2011 this is rare

 

 

dx

[scared34]

renegadeimp,

 

There was no insurance on loan. Few charges for £225- we started reclaiming process and used spredsheet from here.

 

have you ever sent BH an SAR to get all the statements?

 

 

its rare for a debt to be sold without a good reason.

 

 

for a loan of £9k in 2011 this is rare

 

 

dx

 

Dx,

 

Yes we have. Sar received whith all info and statements, we havent found anything suspicious in SAR. Altough what we should look for in SAR?

 

Scared34

[renegadeimp]

You need to SAR the OC. Something really isnt adding up here.

[Bandit127]

And send a CCA request to DLC.

 

 

While they will probably come back with the same compliant agreement,

a properly formed CCA request includes the requirement for a Statement of Account.

This is the bit that you want because it is legally binding.

That should make them check properly and come back with the right amount.

 

If not, you have a clear dispute.

 

 

Send them a letter headed Account In Dispute and tell them you are paying nothing until they get it right.

 

 

You could tell them that you have proof of the amount - depends how brave you are

but I would consider not letting on what the amount is just yet.

If they can't get it right, they have no business asking you for payment.

[Bazooka Boo]

I think the CCA request has already been complied with by the OC themselves?

 

Sending further requests isn't really constructive IMO...

[scared34]

Hello all,

 

I would like to ask advise on this matter please.

 

 

We have unsecured loan originally with Black Horse which has been sold to Hilsden Securities.

 

 

Notice of assignment received they have all paperwork and are on credit file as debt owner.

 

We have agreed on monthly repayment plan

 

 

when I looked on my account online they are adding something called Miscellaneous ledger postings every month.

 

 

It is about £80 every month!

 

 

Could anyone advice me what that stands for before I query it with them.

Thank you in advance

[dx100uk]

old and new thread merged for history

 

no DCA has any legal remit to add anything

 

can we see this supposed compliant CCA please

 

dx

[scared34]

Thanks DX

 

I will post it up tomorrow.

 

Hello all,

 

I am back again and again in need of your help regarding the same issue with Hilsden Securities applying intrest to my debt.

 

Paragraph about intrest from CCA agreement states as follow:

Intrest will be calculated at the intrest rate shown on page 1 on the daily balance outstanding on the Account

and debited to the Account on the last day of each calendar month.( after as well as before any judgment)

 

Can anyone share their wisdom whether they are allowed to apply intrest?

 

Thank you in advance

[dx100uk]

well we need to see the compliant CCA return

to see if you should even be payin this debt first

 

 

please post up your agreement

so we can help you.

 

 

dx

[scared34]

Dear DX,

 

In attachment Cca received from Hilsden Securities.

Thank you in advance

Best regards

[dx100uk]

pdf please

[scared34]

Morning all,

 

I have question regarding loan agreement for a personal loan we took in 2009.

 

 

debt originaly with BH has been sold to Hilsden last year.

 

 

In response to cca request they have provided agreement but my date of birth is wrong.

 

Does it mean agreement is void?

 

Regards

[mikeymack2002]

When you got the CCA pack back did it include all of the terms and conditions with it? As far as the DOB goes that is just a technical issue...

 

Can you please add some more history to your thread so we have a better idea of your issue. Then let us know if and when you made your last payment on this debt and do on..

 

Does this still show on your credit file. Has there been any fees added or reclaimed?

[scared34]

CCA is exactly the same as the one we still have at home from the time we took loan in 2009.

 

 

We were paying reduced amount for about 6 months from 2011,

BH passed debt to Ascent and then sold it to Hilsden.

 

 

We have agreed on monthly paymet plan and we are paying it off gradually.

All fees have been reclaimed back when debt belonged to BH.

 

We are in a dispute now over interest hilsden is still appying.

 

In my understanding debt buyers are not allowed to add intrrest unless there is special clause in agreement allowing them to do so.

Regards

[dx100uk]

old and new threads merged for history

 

 

dx