Getting to the point of my post, I took an Egg loan for £4000 in February 2001, paid it for 7 months before becoming unemployed and defaulting on the loan. Much happened at this time and I ended up moving a lot as well as being technically homeless.
I finally got settled and entered into an IVA with Eversheds for £5.00 per month in June 2005 and have since been making payments.
My issue is that having paid over £2,900 the balance is still in the region of £3,147.86!
I DSAR'd Egg back in 2011 and have the information in the attached PDF. According, to their own information they defaulted me 29/04/02 when the balance was £3,697.39 and marked non-acrr. The balance remained the same, or at least no changes shown until 20/11/02 when a £60 "Waive Fee" and £226.04 "Bad Debt Charge Off" fee increasing the balance to £3,983.43
Next change is when the loan account is sold to Arrow and the balance becomes £4,859.43!
Opinions and advice very welcome!
PDF Doc via Google Drive https://drive.google.com/file/d/1b39Rq3YZm7CdXDl8p_tITqf5aR5fckVp/view?usp=sharing
When you say TMO, I suppose that you are referring to The Motoring Ombudsman. I don't know very much about them and I don't know whether their decisions can be enforced directly in the County Court. I will have a look.
Meanwhile, please can you tell us the whole story of what has happened and the value of this problem.
Even with small claims – you can win but you can still have difficulty enforcing the judgement and that could well be the case here.
Do they have a premises? Do they have vehicles there? I'm asking this question is because I'm trying to find out if they have assets against which a judgement could be enforced – and I mean assets which wouldn't simply disappear