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claire46

1st credit and old HFC Loan

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hi wonder if some body can help with this

I have CCA 1 credit this was not in the information was not in there so l emailed them the other day see below

Hi

 

Thankyou for some of the information l requested

 

I also require you to supply me with a copy of the deed or notice of assignment for this account.

 

this is their reply

 

 

1st Credit Reference :

Original Creditor : HFC Bank Ltd 2003 loan unsecured

Your Balance : £

 

Dear

 

Thank you for contacting 1st Credit.

 

With regards to your request for a copy of the Deed of Assignment, we would refer you to Section 136 of the Law of Property Act 1925 which provides that the debtor is notified of the assignment of the debt in writing and not a copy of the Deed itself.

 

A Notice of Assignment was sent to you to inform you of this purchase in accordance with Section 136 of the Law of Property Act 1925.

 

Please note your arrangement for £00.00 per month remains in place.

 

If you are unable to make the agreed instalment please contact us prior to your agreed repayment date so that we can agree a solution. Doing so will assist us in preventing further collection activity which could include letters, telephone calls, SMS and emails.

 

If you are experiencing financial difficulties, you can receive free independent debt advice by contacting one of the following organisations:

 

 

Do they own the debt or not are they calling my bluff so l will carry on paying them through my DMP company

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This seems to be something of a standard letter of theirs, I've seen it in another thread - try searching 1st credit on here.

 

If I remember rightly, the letter is somewhat incorrect on a few points and the OP there kept up the fight.

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They do not to provide sight of any deed of assignment it is an agreement between the new owner and the original creditor and nothing to do with the debtor.

 

They do however have to send a notice of assignment under the aforementioned section, this is a document informing the debtor that an assignment has taken place., it can be sent by either of the contracting parties


DO NOT PAY UPFRONT FEES TO COLD CALLERS PROMISING TO WRITE OFF YOUR DEBTS

DO NOT PAY UPFRONT FEES FOR COSTLY TELEPHONE CONSULTATIONS WITH SO CALLED "EXPERTS" THEY INVARIABLY ARE NOTHING OF THE SORT

BEWARE OF QUICK FIX DEBT SOLUTIONS, IF IT LOOKS LIKE IT IS TO GOOD TO BE TRUE IT INVARIABLY IS

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why did you send that ?

 

are 1st credit chasing you

 

tell us the full story please

 

dx


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

 

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Have cca 1 st credit and SAR HSBC (HFC) and there was no notice of assignment sent in the paperwork , HSBC in the paperwork they sent me they did query between their depts if they needed to buy back the loan and their answer was no

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ok so why are questionin the legality of the loan with 1st credit

 

are they chasing you

is this debt on your credit file

when was your last payment

 

99% of HFC loans from 2003 will or should be dead and buried by now.

 

they were always vastly inflated with every penalty fee and insurance under the sun anyway.

sort you prob owe nowt.

 

the history please

and answer the above questions too


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

 

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No they are not chasing me as l have been paying debt through my Dmp since 2009

they are tell me to carry on paying through my Dmp

 

We have done a CCA and found that the loan is not on my credit file

 

My late payment was 1 feb by my DMP

l m am trying to find out if 1 credit have the rights of legality of the loan

as they were not following a good practise in 2009

eg OFT imposes requirements on 1st Credit over debt collection practices

 

HFC loan taken out in 2003

have SAR HSBC again as l lost some of the paperwork

-as l need to look into as the loan paperwork .

 

 

the paperwork was change to joint and a strangers name was put on the loan

but the loan was just in my name

l have PPI and received the money

 

What you put below HFC/HSBC l have not told about this

 

99% of HFC loans from 2003 will or should be dead and buried by now.

they were always vastly inflated with every penalty fee and insurance under the sun anyway.

sort you prob owe nowt.

Edited by fkofilee
Tidy Up - FKO

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I have had a tidy up of your post. So you're paying through a DMP and youve tried sending a CCA Request.

Did you send the required £1 PO and did they send anything back?

 

HFC should be D&B like DX said, 13 years later and youre still making payments.


 

We could do with some help from you.

 

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

 

**Fko-Filee**

Receptaculum Ignis

 

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whos the DMP with please>


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

 

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baines and ernest is my DMP and l'm waiting on a SAR from them, sorry as a newbe what do you mean by this HFC should be D&B like DX

many thanks for your help

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so you've dumped them

ifnot do so

and get back the little full & final pot they have secretly been stashing away supposedly to offer your creditors a short settlement.

I expect very little of your payments have been getting through

most of the payments made to fee paying companies end up in fees.

how many others debts are you paying thru them?

 

 

D&B I assume is dead and buried.


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

 

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Thank for you help will cancel the DMP tomorrow as this is the only one left on it as l cca all the rest and they sent letters back saying the loans were closed and they would not be chasing then , 1 st credit has been the only one still requesting the loan to be pay back

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sar to HFC

sar to B&E

 

 

reclaiming time!!


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

 

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Can somebody tell which company owns the debt ? 1 credit or 1st Credit (Finance) Ltd

l asked for the notice of assignment and this is the letter the letter l was sent

Dear Sir / Madam dated 05/07/2007

 

Re Your agreement with HFC Bank Ltd

Relating to Account Number:

Balance Outstanding:

 

We write to introduce 1st Credit Ltd to you.

 

HFC Bank Ltd has assigned to 1st Credit (Finance) Ltd the full outstanding balance due under the agreement referred to above.

 

 

As a result of this assignment, the full amount outstanding is due to 1st Credit (Finance) Ltd immediately.

 

As the outstanding balance is owed to 1st Credit (Finance) Ltd you should not make any payments to HFC Bank Ltd

as it will take significantly longer to process the payment onto your account.

 

 

To discharge your outstanding balance,

you now need to make payment direct to the appointed servicing agent 1st Credit (Finance) Ltd at the above address.

 

 

We ask you to contact this office immediately so we can agree payment terms with you.

 

 

Failure on your part to do this will result in more formal recovery proceedings being taken against you

 

 

In accordance with the Data Protection Act 1998 we will comply with any request for a copy of the Personal Information about you that is held on our computer system.

 

 

Send your request, along with the administration fee of £10.00 and a self addressed envelope to the above address.

 

Please contact us on your reference is

PLEASE DO NOT IGNORE THIS LETTER.

We look forward to hearing from you.

Yours faithfully

 

On behalf of 1st Credit Ltd

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threads merged

 

 

so did you send them a CCA request?

 

 

who owns the debt is really immaterial

 

 

its been sold

whomever you are paying must hold an enforceable agreement


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

 

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Yes l have CCA

 

 

l am trying to find out information on the company to whom owns the debt ?

 

 

First Credit (Finance) Ltd had the loan first and now 1 credit ltd has it,

 

 

the companies both have individual Registered No

 

what does an enforceable agreement look like

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1st credit gets the CCA request

and are the owners

don't worry about silly name changes all the same group.

 

 

there are plenty of HFC loan threads here to read up on regarding things like enforceability

 

 

self help is the key to using CAG too!


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

 

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when if you get it scan it up too


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

 

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