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Barclaycard transfer my debt to Asset Link Capital

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i have had a Barclaycard for around 10 years and managed to run up big debts on it (aprox £12k).



I ran into trouble after a period of being jobless and

Barclaycard closed my account and agreed that they would freeze all interest on the account if i made regular repayments of £50.00 a month

, at the time this seemed like a good deal overall as i wouldn't be getting charged interest and did genuinely want to clear the debt.


I have just realised... (been sent a default notice by Asset Link Capital).

. that payments for the last 3 months haven't left my account to Barclaycard.

. am now paying £54.00 a month.

. genuine oversight on my part don't often scrutinise my account.



Asset Link Capital have told me by letter that i need to clear the payments they haven't received, which amounts to £162.00.


Not having this amount of money to hand i rang Asset link Capital

and asked them if i could just simply start up the repayment agreement with them to which they replied no,

i will need to settle the late payments or am in breach of my agreed payment plan.



when i asked what action they will take i was told they will apply a default to my credit record

and "MAY" apply to the court to get full payment from me... currently £8000 ish...


I guess my question is,



why did i not receive notification from barclaycard that they were passing my debt on?

they should have told me right?

also... in layman terms what do their threats actually mean?


Sorry for the long post

Thanks in advance for any advice

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Hi tkb and welcome to CAG


Let me add the missing parts to the jigsaw above.........


Your payments stopped because BC have wrote the debt off and assigned it to Link ( debt buyer)...you should have a Notice of Assignment from either BC or Link to confirm this.


Check your credit files and see if a default has been applied and by who...only the original creditor can apply this..only the original creditor can issue a Default Notice...not Link.


No more phone calls to Link from here on and you have 2 options.......continue the agreed £50 per month to Link (from this month as you have not been notified of assignment)...although this will not safeguard any court action.


Or/ and send Link a section 78 request requesting a copy of the agreement/T&Cs and statement.If they are unable to comply (which I doubt on a ten year old agreement) with this legal request then they are unable to enforce the agreement.





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If you chose to send Link a CCA request and see if they have the required documents, do as Andyorch says and don't call Link at all.


Furthermore, if they call you, tell them you will not discuss the matter and anything they have to say must be in writing only. Then hang up !!



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I bet sharklaycard flogged this on because they know they don't have the enforceable documents to collect.


So they won't be out of pocket.

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!



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