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Legal and Trade obstructing payments


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I became disabled in 2002 and am unable to work. I have a small works pension and benefits and have to pay a large contribution towards 24 hour care.

 

I had a loan with the Bank of Scotland and I could no longer keep up with the payments. BOS passed the loan to Legal and Trade. They have been collecting the money and I get statements from BOS. I have at no time had a letter of assignment from BOS and the fact I get statements from them led me to believe the loan had not been assigned to Legal and Trade and that the latter were only acting as a collection agency.

 

Every month I have paid the agreed amount by phone - it is roughly one-third to interest and two-thirds to capital, so the amount has been coming down. L and T kept sending me letters to say in view of my commitment to paying the loan they could offer me a substantial discount but I couldn't clear it. Then last Saturday out of the blue I phoned to make my usual monthly payment and the operative said they were being asked by BOS to get increased payments from me. I said I couldn't do that - it was my usual amount or nothing. He said they would just have to take me to court then. I sad "Fine" and that was the end of the conversation.

 

I wrote to BOS and they have replied that I had to deal with L and T - no explanations. I have written again asking who exactly owns this loan.

 

I am in the weird position where a debt collection agency won't take my money! What bothers me about it most is that since they won't accept payments that is just going to add interest and that is unfair - and I really want to get rid of this loan.

 

Any and all advice would be most appreciated. Nuts or what??

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Hi pinky,

 

Welcome to the forum.

Please read in here and start a thread,I am sure you will find some helpful advice in here;

http://www.consumeractiongroup.co.uk/forum/debt-collectors-debt-collection/

 

Please take time to read the faq's

use the template letters.

 

LINKS....

FAQs....

Templates Library....

There is also live chat, visit if you need any quick advice.

http://www.consumeractiongroup.co.uk/forum/chat/flashchat.php

Finally good Luck.

Happyolddog.

 

If my advice helps please tip the scales, left.

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