Credit security ltd chasing old Lloyds OD

[MrPSH]

Hello everyone!

 

 

I'm new on here so thanks in advance to anyone who can help me out.

 

I've recently started getting calls from credit security LTD.

 

 

Although I haven't answered and spoke to them,

and they haven't sent a letter

(I don't think they have a up to date address)

 

 

I know they are calling me in reference to an outstanding overdraft with my old bank account,

around £2500 from about 4 years ago.

 

 

I've not heard anything for a couple of years about this due to moving without a forwarding address.

 

I'm not trying to get out of paying

 

 

but as firms like this use bully boy tactics I want to be prepared.

 

 

Also I'm going through a break up at the moment

 

 

and a change of circumstances is inevitable

 

 

for example my incomings/outgoings will be a different in a negative way!

 

 

I am working but I don't earn a lot.

 

 

Any advice would be appreciated

[dx100uk]

has the debt been sold by your bank?

 

 

go get you credit file

 

 

see noddle below.

how much of this debt is PENALTY charges too?

 

 

dx

[MrPSH]

Thanks for the reply.

 

I'm sure they stopped charging me interest as I came out of work and it was clear I couldn't carry on paying. Not sure about penalties.

 

Is putting my details into this noodle site safe?

 

Thanks

 

p

[dx100uk]

ofcourse its safe.

 

 

who was the bank?

 

 

dx

[MrPSH]

Thanks I'll get that credit file sorted now.

 

The bank is Lloyds

 

P

[MrPSH]

as far as I can see from this credit file

 

 

I have defaulted on £2444 with Lloyds.

 

 

No mention of credit security LTD.

 

 

Does this mean the bank hasn't sold the debt?

[dx100uk]

what date is the default?

 

 

if you've received no notice of assignment

then its not been sold

 

 

another way is to look at the CSL letter

 

 

it will say their client.

 

 

if its still with LLoyds then SAR time me thinks.

 

 

workout how much of this debt is PENALTY charges

 

 

dx

[MrPSH]

The default date was 19/1/12

 

I haven't recieved a letter yet from csl as I don't think they have my address

 

As for penalty charges I don't think there is any as the overdraft was for £2500 and I remember maxing it out. And the debt Stands at £2444.

 

Thanks P

[BRIGADIER2JCS]

The default date was 19/1/12

 

I haven't recieved a letter yet from csl as I don't think they have my address

 

As for penalty charges I don't think there is any as the overdraft was for £2500 and I remember maxing it out. And the debt Stands at £2444.

 

Thanks P

 

 

Noddle can be very slow updating as it does not gather data itself, may be worth a free trial (30 days cancel early)

with Experian and/or Equifax which are usually more up to date.

[MrPSH]

I heard that some these credit check places can sell your details to debt collectors? Is this true? I don't want to keep checking my credit with different companies if this it is.

 

Thanks P

[BRIGADIER2JCS]

I heard that some these credit check places can sell your details to debt collectors? Is this true? I don't want to keep checking my credit with different companies if this it is.

 

Thanks P

When a debt purchaser acquires a debt they have to update the files held by the CRAs.

A credit agreement will have a clause contained within it allowing the creditor to share your data with any third party, this includes the credit reference agencies, which can then access and update your records.

 

 

The fact you check the files is not seen by anyone but you.

[new-me2010]

You can also get a statutory report from Equifax for £2 online and you have access for it for 1 month.

 

I find its safer than the signing up for 30 days as I forgot to cancel with Experian

 

I do that every 6 months and use Noddle inbetween

[MrPSH]

Hello everyone,

 

I got the statutory report,

 

no mention of credit security limited anywhere on there.

 

But I have recently received my first let from them,

 

it reads as follows;

 

Dear Mr H formerly of 38.... Etc...

 

We are attempting to contact the above named person regarding a personal matter and we have been provided with your address.

 

If you are the person above please contact our office...

 

If however you are not the above named person please accept our apologies for this contact.

 

If you are able to supply us with information on where our subject may now reside

we would welcome contact from you so that we may update our records accordingly.

 

Thank you for your co-operation.

 

what do I make of this letter?

Personally I don't think much of it at all!

Or is there more to it?

 

Thanks again for the help so far everyone!

Edited October 27, 2014 by MrPSH
Remove word

[BRIGADIER2JCS]

Hello everyone,

 

Right so I got the statutory report, no mention of credit security limited anywhere on there. But I have recently recieved my first let from them, it reads as follows;

 

Dear Mr H formerly of 38.... Etc...

 

We are attempting to contact the above named person regarding a personal matter and we have been provided with your address.

 

If you are the person above please contact our office...

 

If however you are not the above named person please accept our apologies for this contact.

 

If you are able to supply us with information on where our subject may now reside we would welcome contact from you so that we may update our records accordingly.

 

Thank you for your co-operation.

 

So what do I make of this letter? Personally I don't think much of it at all! Or is there more to it?

 

Thanks again for the help so far everyone!

 

 

 

Ignore it.

You have no need to disclose anything.

[MrPSH]

Thanks, that was what I was thinking!

 

 

as the credit still stands with Lloyds,

and I do intend on paying,

 

 

shall I get in touch with them

and see if we can work out a resonsible repayment?

[BRIGADIER2JCS]

Thanks, that was what I was thinking! So as the credit still stands with Lloyds, and I do intend on paying, shall I get in touch with them and see if we can work out a resonsible repayment?

 

 

Let them do the work, until it is disclosed exactly what they are chasing do not make contact.

[MrPSH]

Let Lloyds do the work?

[BRIGADIER2JCS]

Let Lloyds do the work?

CSL/Lloyds or whoever starts the ball rolling properly instead of " phishing" for information.

[dx100uk]

phish trip

ignore them.

 

 

await Lloyds next move

 

 

dx

[MrPSH]

Hi again, so I've just recieved a letter from Lloyds bank confirming they have transferred my debt to csl for them to arrange collection of the outstanding amount. Does that mean they have sold it to them?

 

Thanks P

[dx100uk]

no not sold

 

 

I've a debt from 2008 they've sent me the same.

 

 

CSL's letter will say 'our client - Lloyds'

 

 

without/until, you get a notice of assignment its not sold

 

 

dx

[MrPSH]

Hi again!

 

 

I have received a letter from CSL today (a more 'official' looking one this time?! ��)

 

 

which says its a 'notice of instruction' and

 

 

goes on to give me my options and to contact within 10 days.

 

 

As of yet they have had no acknowledgement from me at all,

 

 

I've not answered any calls or returned any letters.

 

 

I'm wondering if I should still carry on ignoring them

 

 

or is there something else I can do?

 

 

Thanks again for all your help so far guys

[dx100uk]

as post 21

 

 

dx

[Guest]

it will do the collection rounds (dca cant do anything apart from ring and send their template letters, and you'll prob get a template discount offer just now maybe around 40% off)

then ends up back to loyds. if loyds dont want to do anything with it, then it will be up for sale after a bit.