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Barclaycard - previous Egg Credit Card


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I have an old Egg credit card which went into default a number of years ago after I had to close my business. I have been paying £1 per month for a couple of years now. The payments are going through Capquest. Last time they asked for a financial update i asked for a copy of the original loan agreement.

 

As I understand it Barclaycard took over Egg cards a number of years ago.

 

I have attached a copy of the letter with details blanked out - the outstanding is around £3000. In the letter B/card state that they cannot currently fulfil my request, and as a result the outstanding is unenforceable. What should I do now?

 

Should I stop payments until they can prove the liability?

Should I offer them £100 in full and final?

The default obviously still shows on my credit file.

 

Many thanks

 

TW

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Hi TW,

 

Did you send them a CCA Request with a £1 fee ?

 

This letter means they can't find a credit agreement so they can't take action to enforce the debt.

 

Because you've continued to make nominal £1 payments, the debt will not be Statute Barred for 6 years from your last payment.

 

Do you know when the a/c was defaulted (if it ever was) by BC or Mercers.

 

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Its up to you to continue making payments at this point. As they are unable to fulfill your request that means no agreement.

Id stop paying if it was me.

 

We could do with some help from you.

 

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who is the owner ?

look on your credit file?

 

 

it reads to me in that letter that BC are

and CQ were only 'collecting? for BC their client?

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... 

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Hi TW,

 

Do you know the date the a/c was defaulted ?

 

The a/c should drop off your CRA records 6 years after the a/c was defaulted so, even if you stop paying now, this should stop showing as adverse data soon, or already.

We could do with some help from you

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EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

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

 

Please give something if you can. We all give our time free of charge but the site has bills to pay.

 

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The account was defaulted in Oct 2010. Does it come off my credit file even if not paid in full?

 

UPDATE -

 

re-reading the letter from B/Card / Capquest, it seems B/Card have made an error. The account number at the top of the letter is for another C/C account I had with Egg (being handled by another collections company!), but with the correct amount due!?!

 

I spoke to Capquest yesterday and lodged a complaint about data protection..... I have also requested the correct information...

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you really need to stop talking on the phone

you need a paper trail.

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... 

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