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Cazzie101

2nd mortgage sold to Mars capital

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Hi all. I'm hoping someone can help me.

 

10 yrs ago I took a 5000 secured loan with black horse.

At the time I was employed and in receipt of working tax credits and maintenance payments.

All was fine until my child reached 18 and I struggled.

 

Black horse sold my mortgage to idem and after many expenditures were submitted they sold it on to mars capital who are now hounding me for the full 5000 plus 6000 in charges.

 

After trying to solve this myself, black horse have sent me a cheque for 100 as have idem for " not following correct procedures" 

The original loan term ended in may last year.

 

I also cant find any evidence of this loan on my credit file.

I have asked for charges to be considered unfair but they wont budge.

Where do I stand?

 

Any advice appreciated.

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You had probably tell us about the charges – what do they are up to and what was the value of each charge.

Also, it might be worth sending them each an SAR to find out what these correct procedures were which they didn't follow


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Hia Cazzie and Welcome to CAG

 

 " not following correct procedures"   What Court procedures ?

 

Andy


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Hi Andy. I don't know what they meant by that to be honest? Maybe trying to come to a satisfactory payment schedule with me?

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who did you last pay and when?

 

 


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Black horse was last paid and approx 4 years ago. Idem made no attempt at court action and mars have said they don't want to go down that route either.

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then as advised send Blackhorse an sar.

 

have you checked your deeds to see whose name the charge in now in too?

 

was this a joint loan on a jointly owned home

or are you the sole owner and sole debtor.

 

it makes my spider sense go when debt buyers say they don't want to go down the court route..

I wonder why

that SAR might well help in answering that

 

as might a CCA request to mars capital?

 

 

 

 


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Thank dx I'm sole owner. I cant understand why this loan isn't on my credit file? I'll have a Google at Sars and cca requests. I'm hopeless at this stuff so thank you.

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Thank dx I'm sole owner. I cant understand why this loan isn't on my credit file? I'll have a Google at Sars and cca requests. I'm hopeless at this stuff so thank you. Mars sent me the original credit agreement from black horse. Just to add, I'm not trying to get out of this at all. I've offered 2500 as an offer as the original was paid for a good few years and they rejected that also.

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don't use google

just click the links below

 

SAR

CCA request

 

and read all the posts in each link too!

 

it wont be on your file as it would have been defaulted many years ago and is removed on a defaults 6th birthday never to return.

 

little tip

stay off the phone

everything in WRITING from now on.


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Thanks dx. Much appreciated. Stay safe 😊

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