LLoyds PPI, Westcot, urgent help needed, please

[Gooders]

Gearbox,

 

right, you really should write to both companies again highlighting that this debt is in dispute. Make it plain and simple! That will at least buy you some time to carry on claiming what you are owed.

 

Ok so first things first......forget the bankrupt bit, that is a LONG way off!!!

 

So first wolf at the door........

 

I would immediately write to Westcott and request that they provide you with a 'true agreement' as laid out in Consumer Credit Act 1974 and a statement of account. (please read up on CCA requests threads for more info). This will cost you £1 and will show you if they have an enforcable agreement and show you why there was a jump in the amounts!!! Under the CCA request, they then have 12 working days to provide you the information, whether they are the original lender or not! After 12 working days, if they do not provide the 'true agreement' (as before you will need to research the CCA to find out exactly what this constitutes) THEY ARE IN DEFAULT and you can legally stop paying until they comply with the legislation!!!! A further calander month after that and they break the law........debt totally unenforcable (possible removal of info from credit reports about this loan)

This will show them you are serious!

 

Now to the PPI. I would follow the same process with LTSB.... for completeness and hey you may find that they never had a 'true agreement' with you in the first place. I would combine this with a SAR for the statements pertaining to this loan (if you haven't already done so) which may open up the possibility of reclaiming charges (if any) and (stress may) money paid in against an unenforceable debt. so again, write and request a true agreement and statement of account, include the £1 and £10 for SAR if required and set the ball rolling! In this letter I would also request an explanation why your debt was sold when it was in obvious dispute! Then re-itterate that you believe you were mis-sold the PPI and intend to claim the full amount back plus interest. They should respond to you fairly quickly!! and if not you have the time frames in the CCA and SAR to fall back on!

 

So that will give you some breathing space IMO. It will also give you the information you require to know your legal standing with this debt. Disputing the debt will reign in Westcotts and Lloyds TSB will be forced to revisit you PPI claim.

 

Oh.....and date all letters and send them recorded delivery!!!!!!!!!

 

let me know if you need more info.

 

Gooders