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Capital Bank

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Helping a friend who is receiving monthly statements showing an amount owed,

which originates from a balance they say is owed from a mortgage endowment loan.

 

The endowment was found to be mis-sold.

There was no redress as the money which had accumulated had been taken as non paying loans taken over time against the policy.

Surely they couldn't loan more than the policy holds in assets.

 

At the very bottom of the statements after quoting a balance, it says balanced owed is nought.

 

The balance never increases and no payment or contact with Capital Bank has been made for years.

 

It has not affected credit rating.

 

How should this be approached to end the account.

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prob more than 6yrs old re default then.

 

 

secured loan or non secured?

 

 

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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Thanks DX it is unsecured.

 

 

Is the idea to write to them and say these statements keep being sent,

prove how any money is owed and why the confusing money owed nought message.

If not, do the statements just keep arriving.

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unsecured is 6yrs statute barred

 

 

if nowt has been paid in 6yrs..ignor ethem

 

 

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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You would think after over 6 years the computer would say no and stop sending the statements. I'm told the last communication could have been up to or over 10 years ago.

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Shortly after the previous post, out of nowhere, RBS on behalf of Cap Bank confirmed by letter this debt was not owed and the account closed:-D

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