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I took out a 10k loan with Moneyway in 2014 which is now been paid back through a DMP with Stepchange, I received a letter to say it has been transferred to Alpha Credit Solutions, who are these people and what can I expect next - I literally cant find any info on ACS

 

Thanks

PB8111


45k Debt - June 2016

35k Debt - May 2018

 

The battle is slow but I will win the war

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did y ou check the enforceability of the debt? FOr a creditor to sell a 10k loan to a DCA is pretty suspicious.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

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Good Evening Renegadeimp.

 

I wouldnt know where to start, in my opinion i borrowed X and havent paid back Y - I would welcome any advise this forum can offer in the next step, despite making numerous payments the debt still stands above 13k.


45k Debt - June 2016

35k Debt - May 2018

 

The battle is slow but I will win the war

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What does your credit file say?

 

 

Have you got the original agreement for this loan?

 

 

Moneyway IS a trading name of Secure Trust Bank, who have recently sold a portfolio of unsecured personal loans to Alpha Credit Solutions, so this will be the reason for the sale.

 

 

http://www.iii.co.uk/alliance-news/1513876730656020000-3/secure-trust-bank-sells-portfolio-of-unsecured-personal-loans


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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throw the morality card out the window

this was car finance yes?

what happened

tell us the full story.

 

prime or alpha are based abroad and typically buy unenforceable agreements credit for

and then fleece people for the whole sum

they are a Debt buyer with ZERO legal powers

and NOT BAILIFFS

 

what others debts are you paying blindly to DCA's thru stepchange


..

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thank you for your responses.

 

The Moneyway was a personal loan sold in 2014 - i do have the credit agreement which i can dig out if need be.

 

Also repaying a Zopa loan through DMP - originally amount with Interest 15k, now down to 8.5.

 

Paying Link Financial for OD on Halifax and HSBC

 

2k owed to Capital one for 2 x credit cards.


45k Debt - June 2016

35k Debt - May 2018

 

The battle is slow but I will win the war

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Link

Stop paying them

If they are both OD's you are being cash cowed blind!

 

Hope you dmp is not with a fee paying fleecer too??


..

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DITTO!!

 

 

DUMP paying Link for an overdraft, you need to reclaim ALL of the fees/charges including interest first.

 

 

Same for Cr@p1, reclaim all of the fees/charges, then drop them down to to £1 a month for the life of the debt. How did you manage to run up two debts with them?


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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DITTO!!

 

 

DUMP paying Link for an overdraft, you need to reclaim ALL of the fees/charges including interest first.

 

 

Same for Cr@p1, reclaim all of the fees/charges, then drop them down to to £1 a month for the life of the debt. How did you manage to run up two debts with them?

 

II had two credit cards with C1 - i think one of them was through a broker which ended up being Crap1.

 

Need to find a template to send for the charges and interest and fees etc if anyone has a template.

 

Will get them a letter sent off, need to do the same with Alpha as well if they have the credit agreement etc

 

Just checked and my barclaycard CC - £1100 is with a Cabot financial?

 

The debt peaked at 45k and managed to get 10k of it paid off but if im being fleeced blindly then i need to start getting some letters sent ASAP dont I, Ive told Stepchange this month that i am recieving legal advice so wont be making this months payment until Ive had some replies...


45k Debt - June 2016

35k Debt - May 2018

 

The battle is slow but I will win the war

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Leave the charges for now

 

Bar link

 

Send everyone you are paying any of these debts anything on a cca request


..

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Thank you, ill get them sent over the weekend


45k Debt - June 2016

35k Debt - May 2018

 

The battle is slow but I will win the war

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Letters sent at dinnertime - see what we get back, thanks for helping and im sure i will need help with advice once i get the responses.


45k Debt - June 2016

35k Debt - May 2018

 

The battle is slow but I will win the war

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Letters sent at dinnertime - see what we get back, thanks for helping and im sure i will need help with advice once i get the responses.

 

 

Excellent well done, did you get proof of posting by any chance, or just posted them?


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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Just posted them, but i am a patient man - if i dont get a response all the letters are saved on my desktop so ill send them again recorded


45k Debt - June 2016

35k Debt - May 2018

 

The battle is slow but I will win the war

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