Jump to content


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 2217 days.

If you need to add something to this thread then


Please click the "Report " link


at the bottom of one of the posts.


If you want to post a new story then


Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 



Recommended Posts

Hi All,


I need some advice please.


I had several payday loans from 2012 -December 2015, but this query relates solely to P2P/ARC


I had a QQ loan, which I defaulted on back in 2012, reached a payment arrangement and settled in full around April 2013.


Had a major issue and took out a P2P loan in/around November 2013 and they advanced £1050.00. I made 2-3 payments, but then defaulted. Balance outstanding is now £910.00, they have passed the debt to ARC Europe, who call daily from a 1000 different mobiles but to date I have ignored all calls. P2P advised the debt was passed on to ARC for collection, not sold.


ARC last week sent me an email, which began with "without prejudice". they then went on to ask me to contact them to agree a much reduced settlement figure, or to agree weekly payments as low as £2.50 a week. The email went on to say that if I did not respond within 10 days the account would be passed to their solicitors for them to consider court action and there would be no further correspondence in this regard. Needless to say, they still call daily.


Is there anything I should be doing, will I receive a letter before action from solicitors or would this letter constitute a LBA?


Thanks in advance.

Link to post
Share on other sites

If Arc have not bought the debt then they will not be able to issue a claim against you.


You need to establish who owns the debt.


A letter before action is indeed an LBA

Have we helped you ...?         Please Donate button to the Consumer Action Group


Uploading documents to CAG ** Instructions **


Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first


1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read





2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS


Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.



Link to post
Share on other sites

Ignore the powerless dca's

They are not baillifs

And have no such legal powers



please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

According to an email from P2P, I received a "notice of debt referral" and they go on to say your account has been referred to a 3rd party debt-collection agency. I assume that means P2P still own the debt and it hasn't been sold on.


I just re-read the email advising referral of debt. It states I borrowed £1150, have repaid £990.56 and currently owe £994.29 (not that it relates to who owns the debt).

Link to post
Share on other sites


  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?

  • Create New...