Lloyds, Link, Moorcroft, CCJ's and Co's

[L1882]

Evening all.

 

I've been away from the forums a while,

busy getting on with life but a few recent events have brought me back.

 

Thanks largely to this site I have been able to get my debts largely under control, dealt with or paid off.

 

Advice and information supplied on here has not only helped me claim money back, compensation

and in some cases get debts written off but most of all it has given me a bedrock of confidence when dealing with the sharks, and conmen that work in this field.

 

That said having felt like I'd largely dealt with my debt problem for these recent events to occur is more than a little annoying and upsetting.

 

This thread may take some typing but please stick with it.

I'm also looking for advice but also just trying to understand the legalities.

 

Now Firstly,

I have read around various threads covering selling CCJ debts etc

but I have to honestly say I've struggled to fully comprehend the situation.

 

here's my most recent story.

 

in amongst the many financial issues I encountered during the crash of circa 2008 were 2 debts to LLoyds.

One for a credit card and one a personal loan.

 

In late 2010 and then early 2011 LLoyds secured CCJ's on these debts

(yes I didn't challenge and over the years have wished I'd found this site much earlier

(. the CCJ's were awarded and relatively nominal payments set £1.00 on the 2k credit card debt

and £50.00 a month on the 15K loan. All interest was stopped.)

 

Lloyds then secured what I thought was a CO on my house

but now understand is a restriction as the house is jointly owned with my ex wife.

 

So for years I was making payments and then as my situation improved

I made additional payments and all seemed well until firstly

 

last month I get a letter from Lloyds and a company called Asset Link Capital saying they have sold my account with the balance blah blah.

 

so far heard no more even though they indicated in the letters that I would hear from a solicitor if the account is subject to a ccj or CO (it is only subject to CCJ).

 

Now this week

I've had a letter from 'LLOYDS' (though the return address, surprise surprise, is Moorcroft)

telling me they have transferred (notice doesn't say sold) the other debt to Moorcroft.

This account is subject to a CCJ and also the CO/restriction.

 

Oddly the balance they claim to have transferred is some £373 higher than the balance they told me was on the account @ 24/06/2016, if add in payments made since it is probably 673 higher.

 

So far no attempt has been made to ask for higher payments but I cannot imagine there is any other motive.

 

my questions are firstly

can they demand more without returning to the court?

If they do try to go through the court can I request the matter is transferred to a local court as I am disadvantaged by it being impractical for me to attend a court hundreds of miles away?

Also can they actually sell an account like this?

 

It almost feels like as these CCJ's are about to drop of my file (one in October and one in January)

that they have decided to stress and pressure me again.

If I'd never found this site I'd probably be a wreck now after receiving these letters.

 

So guys,

any thoughts,

either specific to my cases or just generally about the wonderful way creditors and DCA's treat people?

[remus]

Hi,

I too have received a letter from Lloyd s, saying they have transferred my debt to moorcroft,

mine is a charging order,

as I took Lloyd's to court as the default was issued incorrectly,

only giving me 7 days,

but they sent down a top lawyer,

and I ended up with £5000 in costs,

as the 'case was complicated and couldn't be dealt with by the bank solicitors'.

But I agreed a payment plan with the judge.

 

 

Like you, its now nearly 6 Years.

Im really concerned moorcroft will call it in, and I will lose my home.

 

 

I had thought as it had been dealt with in court Lloyd's would have to go to court to transfer etc, feel like we are being shafted.

Can Lloyd's do this???

[L1882]

I can't advise Remus as I don't know however having read around it seems for me, at least, the order is a restriction not a charging order and so they can't force a sale - or at least that's what I'm hoping based upon the reading I've done

[renegadeimp]

Moorcroft cant do anything. They dont buy debts and only act on behalf of someone else. 9 times out of 10, they only deal in lemon debts anyway.

 

Also, you ONLY pay what the court stated. If looyds want more, then theyd have to go back to court and explain. They cant be bothered, plus the debts inflated which is why they are getting moorcroft involved. Ignore moorcroft and deal with lloyds direct.

[remus]

Moorcroft cant do anything. They dont buy debts and only act on behalf of someone else. 9 times out of 10, they only deal in lemon debts anyway.

 

Also, you ONLY pay what the court stated. If looyds want more, then theyd have to go back to court and explain. They cant be bothered, plus the debts inflated which is why they are getting moorcroft involved. Ignore moorcroft and deal with lloyds direct.

 

Thanks for that renegadeimp, so scare tactics, with no basis in law ;0(

[remus]

I can't advise Remus as I don't know however having read around it seems for me, at least, the order is a restriction not a charging order and so they can't force a sale - or at least that's what I'm hoping based upon the reading I've done

. Hi l1882, looks like they are just trying to scare us into paying more (sure scared the s... Out of me!) If moorcroft get in touch, I'll just say I'm unable to deal with them, as its a matter for the courts if Lloyd's want to change anything ;0)

[dx100uk]

forget the Moorcroft one carry on as you were

 

its the link one that's the more important.

 

which one have they got the card or the loan?

 

 

dx

[L1882]

They've got the card DX so it's the much lower amount and it doesn't have he CO on it.

 

Why do you say that is the more worrying one?

[dx100uk]

no the better one.

 

 

so have you paid anything to them yet?

if not i'd not

till they willy wave then comeback here

[L1882]

So far I've simply continued with the payments to Lloyds as per the last 6 years - and so far nothing from either Link or Moorcroft.

 

I'll come back when they send me something.

[dx100uk]

have for ref

can you scan the link letter up as a PDF and attach it here please

upload

[L1882]

I'm just at work now but will scan either tonight or tomorrow.

[L1882]

Letters attached.

 

Also attached in the file is a copy of a letter received last night from Moorcroft - find it amusing that on the one hand they are allegedly managing the account but on the other need me to confirm details so they can ensure the existing payment arrangement is maintained.

 

Any thoughts on this - should I reply asking who they are and what it is they want or just ignore them?

 

* sorry think I've missed blocking out a reference - will re add shortly

 

Hopefully have not left any reference on this time

Lloyds link and moorcorft letters 2.pdf

[Old Cogger]

just keep paying Lloyds, Moorcrap kept telling me to pay them not another company direct -= still pay the original company, after two letters 6 months apart never heard from Moorcrap again, = your case you have a CCJ then ignore Moorcrap affordability nonsense it is set by the court = end of.

 

My opinion.

[L1882]

Thanks cogger

[L1882]

Another letter today from moorcrap - they seem less than happy I've paid the OC and it seems I must stop this and pay them direct.

[Old Cogger]

ignore them and carry on, been through that nonsense with them = never hear from them these days in fact only heard twice in 3 years, they are crying because they cannot keep what you send for the office party (for thieves)

[L1882]

I will cogger - my mocking tone wasn't clear in my post sorry.

 

It does just irk me that when the legal process has been followed and they have even got a CCJ and CO/Restriction they (the OC) can then chose to just change the repayment details. I imagine thousands get these letters, don't have the benefit of knowing about this site and its members and blindly panic and do 'as instructed'.

 

At the least I'd expect it to need to go back to the courts. Oh well, I guess that would be a world in which these parasites didn't exist.

[L1882]

Quite amusing this now. I pay LLOYDS every month as per the CCJ.

 

In recent times I started paying them extra each week but still also pay the monthly payment. This means Moorcroft are currently sending me 5 letters a month , same letter every time.

[midastouch154]

You might wish to check with the court regarding Asset Link. I'm in pretty much exactly the same situation except I don't own my own home. LTSB sold one of my debts to Asset Link and the CCJ now shows them as the claimant from the start according to Northampton. The physical copy I hold in my hand though shows LTSB as the claimant so Asset can go hang. My other CCJ - much larger amount - has also been passed to Moorcroft. No idea why as I've been paying £50 every month for over 4 years without fail and I won't be dealing with or paying any third party.

 

I'm sorely tempted to just stop paying both alltogether as it will take me many years to pay both of these off. I'm self-employed and on a low income, rent my home and have little assets even if I let bailiffs in - which I wouldn't in any case. What's the worse that could happen?

[L1882]

My position is a little different as I do 'own' my house.

 

 

I'll check with the courts - be annoyed if anything has changed without me being notified though it seems they can do what they want an the courts allow it.

 

 

Also found out they've transferred the case back in 2011 from Northampton to Norwich.

IF they do decide to try and vary things via the courts can I request it is moved to a local court?

 

I've heard nothing from Link since the first letter so I can only assume a lot of this is about getting Lloyds ship shape for the government to get rid of our shares.

[dx100uk]

You might wish to check with the court regarding Asset Link. I'm in pretty much exactly the same situation except I don't own my own home. LTSB sold one of my debts to Asset Link and the CCJ now shows them as the claimant from the start according to Northampton. The physical copy I hold in my hand though shows LTSB as the claimant so Asset can go hang. My other CCJ - much larger amount - has also been passed to Moorcroft. No idea why as I've been paying £50 every month for over 4 years without fail and I won't be dealing with or paying any third party.

 

I'm sorely tempted to just stop paying both alltogether as it will take me many years to pay both of these off. I'm self-employed and on a low income, rent my home and have little assets even if I let bailiffs in - which I wouldn't in any case. What's the worse that could happen?

 

 

might be best to start a new thread

 

 

of your own.

 

 

dx

[L1882]

Just spoken to the courts - confirmed still in name of LLOYDS and no action or changes etc in claim since 2011.

 

I'm still paying direct to LLOYDS as well on both debts

[midastouch154]

might be best to start a new thread

 

 

of your own.

 

 

dx

 

OK - have done. Thanks.

[midastouch154]

Just spoken to the courts - confirmed still in name of LLOYDS and no action or changes etc in claim since 2011.

 

I'm still paying direct to LLOYDS as well on both debts

 

Keep an eye on it mate. Asset Link bought my debt from LTSB in June 2016 but the CCJ didn't change until the middle of August. Northampton Court are clueless too and gave me the runaround once it was changed. I've started my own thread so as not to hijack your. Good luck - I'll be following this with interest.