Wescot/Arrow Global are chasing lloyds card debt

[castles]

I had a credit card account with Lloyds, who have now sold my debt to Wescot, this is for around £3k.

 

I was paying Lloyds £1 a month, but for some reason they have sold my debt to Wescot.

 

I called them today to set up a £1 per month plan

and they have asked me to contact Stepchange to get an income and expenditure form.

 

I also had a credit card account with Virginmoney, again for around £3k.

 

 

I rang them today to ask why are they still charging me interest,

and they advised me as its been over 180 days in arrears they have sold my debt to Arrow Global.

I was also paying them £1 per month.

 

 

I have not received any communication from AG yet,

although its only been a few days past the 180 days so far.

 

Does anyone have any advice what to do for each of these cases, before I go ahead?

 

It should be noted that I also have two more bank account debts with Lloyds

and a credit card with Barclays, all of these are in payment plans,

which I am paying £1 a month to.

[dx100uk]

how old are these debts

when did you take each one out.

 

 

you shouldn't be ringing fleecing DCA's

they are NOT BAILIFFS

and have

NO SUCH LEGAL POWERS

 

 

give us the list first and we'll advise

[castles]

I started paying all my creditors £1 in about September last year. Before that I was paying the minimum payment.

Both cards were taken out in 2013

[dx100uk]

sent each one a CCA request

[ericsbrother]

Keep paying the £1 until they fail to provide copy of the agreement then stop paying that (they only have 1 fortnight to comply so it wont be long).

[castles]

Thanks for that. CCA will be sent.

[castles]

OK, Lloyds have come back with the CCA, whats the next step?

[Guest]

the actual original agreement copy, or a reconstruction?

btw, when its sold on from the original creditor, there shldnt be any interest

[castles]

the actual original agreement, or a reconstruction.

btw, when its sold on from the original creditor, there shldnt be any interest

This is what is listed:

-Signed statement of account

-Reconstituted version of the current t+cs

-Copy of the original signed application

-Reconstituted version of the original executed agreement

[Guest]

keep this thread re loyds.

start a new thread for each other matter.

 

any chance of any missold ppi, or reclaimable fees on it?

[castles]

Yes, the virgin account hasnt even written to me yet, so just dealing with Lloyds.

No PPI on account. What about reclaimable fees? This accounts only a couple of years old

[Guest]

would be those late payment charges etc.

 

do you think the agreement is all legit and accurate? probably as its quite new.

[castles]

Yes they are late payment charges.

Yes it all looks legit.

[dx100uk]

well its a 2013 card so they can send what they like.

wetcloths don't buy debts

so I assume their clients is arrows?

[dx100uk]

opps read the title dx

just keep paying your £1

[Guest]

have you received any notices of assignment, or are they still just collecting on behalf of loyds (wld still need to send a notice of third party collection)

[castles]

Hi dx100uk, ignore the Virgin/Arrow bit, that's a separate issue.

The issue in this thread is to do with Lloyds/Wesvott

[Guest]

ok. seems then it is still with loyds, but out for collection to wetcloths?

 

start a new thread re the other accounts.

[castles]

I have received a 'Notice of Debt Collection' from Wescott, yes.

And then a few other letter offering reduced settlement etc.

[Guest]

still with loyds then. can ignore west for now, they cant do anything. keep the token payments up to loyds for now seeing as you have been paying up to now'

 

do an income and expend for your eyes only. see where you are.

[castles]

Ok, many thanks for your assistance Ford

[Guest]

this is an old cab budget sheet to start.

https://www.citizensadvice.org.uk/Documents/Advice%20factsheets/Debt/d-budget-sheet.pdf

[dx100uk]

ah so you've received discount letters

that's good for you.

 

 

dx