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Skintbadger - No I am not hiding any assets or £s. And No to bankruptcy either. I'm not angry with your comment - but you are being both judgmental and fantastically speculative about a stranger. If you have a valid response to my comment today, then great. If not, please sssh.
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By honeybee13 · Posted
Do you have an existing thread about this, HPM? HB -
Hello I'm just looking at an old debt to check if due process was followed correctly. A few years ago a large financial institution gave me 2 short-term loans with two separate registered entities/companies [lets call them Company A and Company B] under its parent hat. The loan in Company A was considerably larger than the loan in Company B. Both loans had the same repayment date.. I didn't repay either of the loans by the due date. Fast forward many months and a legal claim arrived from lawyers acting for only one of the companies, Company B. When I looked through the papers I noted that the lawyers had 'consolidated the two loans together as one big loan. They had assigned the larger value loan in Company A into the lower value loan in Company B. But they had never notified me. Never sent any notice of Default on either loan. Never sent me a Notice of Assignment. I had no idea at all that this had happened. Their legal papers showed that: a) they considered one loan to be in Default on the payment due date - e.g: 29.04. b) they allegedly had made a Demand on the 30.04 c) they had assigned the larger value loan in Company A into Company B - by way of a deed of Assignment on 05.05. d) they were now claiming one huge consolidated loan all in Company B. My memory is a bit hazy. Aren't companies supposed to wait a certain amount of days from Default to Demand to Notice of Assignment? In this instance they allegedly assigned one debt into a completely different entity in just 5 days. Can they do that? Or did they effectively invalidate the loan that was in Company A ??
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No court mail is ever sent recorded All by 1st class mail, deemed served 5 days later. Have you your own thread? This one is not yours. Its impolite to hi-jack Dx
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By SkintBadger · Posted
Thanks BazookaBoo, my cards are all on 0% balance right now. I could probably pay them off in a few months if I stopped my loan payments. My worry is once I stop my loan payments it'll somehow feedback to my credit report that I've defaulted on my TSB loans and they'll cut off my line of credit. I'm really conflicted on this. I hate the banks for giving me the money in the first place when they saw how I was with the DRO. Yet I honestly feel a sense of personal responsibility that I should have learned from my mistakes and why am I, once again, about to default and be a shitheel? I Beyond all this, my majoy concern is I could take out £500 a day from all my credit cards, and move to my sisters in Spain, just say "FFF it" - I live at my folks at 50 right now, it would crush them to walk away and leave them with letters, door knocks, threatening stuff in their 80's. I would be an absolute ******, I can't do that. I WANT TO DO THIS. I can't. Could you? I could probably get about £10k withdrawing money over the next two weeks. I have no issue with that. It's all about my parents. Does this make sense? SB
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