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Been paying Wetcloths for 15yrs on LLoyds debts from 2005


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Every morning look in the mirror, repeat 10 times, I must not talk to a DCA   Personally I say, stuff 'em , don't pay another penny.    

It can only be defaulted once so if they do put anything on your CRA files just get it taken off.

 

Lloyds like to chop and change DCA's..

..guess whoever gets them the best deal gets the work plus DCA's get paid on commission so they like the accounts that take a couple of calls to get big money in.

 

People like you that pay what they can afford over a very long period don't interest them.

 

I guess you had a Lloyds bank account so any charges for missing payments etc will be on that account.

 

You should also check how long after you defaulted they moved your account to their debt collection section and froze interest.

 

Mine took nearly 6 years to move and over £3k of interest was added.

 

 

I got them to remove that from the balance.

 

Hope this helps

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IMHO i would SAR lloyds

 

dx

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

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gets your all the statements

to confirm PENALTY charges .

 

dx

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

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As long as the SAR covers all Lloyds accounts that the OP has/had. As I said my Lloyds loan charges nvere went near the loan account, they bounced the payments and then charged the current account £25. So the loan account in isolation looks like it has no charges at all.

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  • 6 years later...

hi,

i have a very old debt from a lloyds account and loan (in 2001 and for £10k) it was handed over to a Debt Collection Agency in approx 2004

i have paid 40 pound a month ever since. o

 

ut of the blue the DCA has sent me a letter saying i can offer an amount to pay it off.

 

two questions ,

will they except a low offer? and

will it appear on my credit score if i start negotiating/paying it off?

 

its taken me years for it to finally be off my credit report and i dont want it reappearing!

thanks for your help.

chris

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Edited above you mean Debt Collection Agency not credit agency.

 

Providing you stipulate that any offer is in full and final settlement and you get that conformation in writing...then its your choice to settle it.No it wont reappear on your CRAs.

 

However.....who is the DCA ? and have you ever requested a copy of this loan agreement from either the original creditor or the Assignee (DCA) ?

 

Andy

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Thanks Andy the dca is wescot credit services, I have never asked them for a copy of the loan agreement.

 

I'm worried about the credit report because the letter says

'please note if you chose to repay your account by a settlement this will be recorded on your credit file as being partialy satisfied but you will not need to pay the remaining balance. This information will remain on your credit file for 6 years from the date of default '

 

I'm guessing because the default was over 6 years ago it won't be added? 

 

How low can I offer to settle? 

Cheers. 

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who are wetcloths clients please?

shame you've been blindly paying this off for so many years running the SB date to infinity.

a dca are NOT bailiffs!!

 

should have been ignored from day one!

 

 

 

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

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  • dx100uk changed the title to It's Complicated lloyds and wescot

7 threads merged on this Lloyds debacle

now going to read the whole story again.

 

 

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

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  • 9 months later...

Hi all,

 

I had a default on loan and overdraft with LLoyds Bank in 2006, around £11k was passed to Allied DCA

i paid £40 a month until 2012 when Wescot took on the account, I have been paying £40 a month ever since. 

 

i now owe £3729.

I just spoke to Wescot,

they have sent the odd letter over the years but this is the first time I've spoken to them.

They said they are  still working on behalf of lloyds and haven't 'Bought' the debt.

 

i have asked them to go back to LLyods and see what they can offer as a settlement.

 

firstly I'm surprised they are working on behalf of lloyds I thought they would have bought the debt?

 

I've paid nearly £8000 back, i'm sure Lloyds would of settled for that?

 

 Its 16 years old this debt, i want it gone!

i should of Stature Barred it after 6 years!

 

can any one give me advice on how to write this off?

i feel I've paid my debt, I've paid £40 a month for 16 years never missing a payment!

 

I know from other threads people have said 'ignore it, they cant chase you for it', but that is not an option for me, i don't want that stress! and I'm worried that they say they are still working on behalf of LLoyds and that Lloyds could take on the debt again at any time.

 

I now have a great credit score and i don't want anything bad appearing on it!

 

Cheers Guys!

 

 

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old and new threads merged 

as you were told ages ago 

you should have ignore wetcloths and stopped paying.

and to never speak on the phone

a dca is not a bailiff and have zero legal powers

 

we also told you wetcloths never by debts only ever chance for their stated client.

 

the debts were defaulted ages ago so have already fallen off you file and can never return.

 

dx

 

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

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  • 2 weeks later...

Hi,

I have a current account debt and loan account debt both with LLyods (original default and debt from 2005 £11k),

they have been consolidated into one debt and I now owe £3729.21 after paying £40 a month for 15 years!!

 

I asked for SAR and CCA back in 2006 which they sent me and deducted charges and interest from the debt. 

 

The debt has been handled by Wescot Credit Services for most of that time.

I realise I could of stopped paying and it would of been statute barred years ago! but I chose to try and pay it off.

 

however, I now think I have paid my due!

15 years of £40 a month has paid off a huge sum of the debt.

 

I have recently requested the CCA again.

Wescot has responded saying the current account debt has no agreement and they are chasing Lloyds for the CCA on the loan,

I haven't requested SAR as this was done in 2006.

 

I have also offered a small amount of £400 as a full and final settlement,

Wescot are waiting for LLoyds response but have informed me that any reduced offer would be logged on my credit report as partial paid.

 

A: am I right in thinking nothing will appear on my credit report as I defaulted so long ago, even if I stop the £40 a month? I now have a good credit score!

 

B: can they enforce the debt on the current account as there is no CCA?

 

C. any reduced offer I make, I want them to agree that its 'full and final settlement' am I right to think this?

 

D. any other advise would be gratefully received!

 

I know a lot of advice is 'just ignore them', 'don't pay them' but I want to be sure that I wont get bad credit and I wont have debt collectors knocking at my door!

its been so long, I just want it over now.

 

thanks guys

 

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to answer point b first,

yes they can enforce because you have acknowledged the debt by paying Wetcloths all these years!

 

c. that is up to LLoyds so dont take wetties word for anything

 

what you need is a statement of account going back to 2005 as I would surmise that when it defaulted there wasnt a mechanism to charge interest or fees.

 

how was it consolidated into one,

did they give you a new loan and then you defaulted on that?

If not then they are 2 separate debts because they have different terms and only  will have the credit agreement that means interest COULD be payable

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It should be long gone off your credit file, dropped off on the 6th anniversary of its default. 
 

They are lying to you , nobody has the power to restore a default on your credit file that has dropped off. Least of all a powerless DCA. Stop paying them!

 

just make sure they have your current address , so that they can’t do anything behind your back

 

 

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

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thanks for your replies  

it was consolidated when passed to Wescots so it must be two separate debts still, although wescots haven't broken it down into two separate accounts, so I don't know what is owed on each.

 

I did ask for a SAR in 2006, and interest was taken off.

are you saying I should request another SAR?

I don't think i've been paying interest.

 

if I stop paying them, what will happen?! surely LLoyds will chase me?

I don't want debit collectors on my doorstep or bad credit from this.

 

its taken me years to rebuild my credit score!

cheers again guys

 

 

 

 

 

 

 

 

 

 

.

 

 

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I’d say you are being totally had by Westcott. £40 per month is a lot of money. Honestly if you

really don’t need it, plenty of charities are desperate for income right now. Anything but paying those parasites.

 

Westcott are not bailiffs they are powerless DCA’s who will not turn up at your door.

 

Bad credit is impossible as there is no trace on your credit file anymore.

 

As for Lloyds, don’t worry! Seriously. I got a son doing GCSE’s younger than that debt!

We could do with some help from you.

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 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

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god why are you afraid of a dca???:noidea:

 

face it

you've beern had blind by wetcloths for 15yrs.

 

sar Lloyds and check you money HAS been going off the debt....

I bet you'll find that the debt was sold off years ago and wetcloths simply forgot to tell you their client had changed.

and Lloyds haven't seen a penny for years...

 

it is extremely rare for Lloyds to do court...and they most certainly wont on debts of this age if they are still the owner of the debts.

same will go for a dca debt buyer if it has or gets sold on..

 

 

 

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

 

DCA's view debtors as suckers, marks and mugs

 

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

 

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

 

 

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  • dx100uk changed the title to Been paying Wetcloths for 15yrs on LLoyds debts from 2005

I guess I'm worried because it's taken me years for my credit score to go back up. Apparently Wetcloths are still acting on behalf of lloyds and haven't bought the debt. 

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It won't touch your credit rating. Lloyds won't do anything. It's ancient debt, plus banks don't do court because it's seriously embarrassing for them if they lose.

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

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I value this sites and your advice.

I couldn't add to the old thread so started a new one. 

 

I have done what you have suggested, sent CCA, sar (I got interest and charges taken off) 

 

The only thing I haven't done is ignored them and stopped paying.

That's because it scares me and stresses me out!

I'd rather offer them a settlement, or for them to acknowledge its over! 

I didn't mean to offend you.. 

 

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Unfortunately however you feel . Every penny that you give to them is a waste of money. Any settlement that you give them is simply throwing cash away. You want it to go away? It’s already gone away.

 

As I said before there is massive hardship out there , and it’s getting worse. If that money is really burning a hole in your pocket, donate it to your local food bank, domestic violence refuge, homeless charity. Even go spend it in your

struggling local shops. Just do not, for the love of God give it to a bottom feeding, powerless DCA!

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

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  • dx100uk changed the title to Been paying Wetcloths for 15yrs on LLoyds debts from 2005

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