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[Joanna Connolly Solicitors]

Originally posted by AftonGlen View Post
Capital One

Type - Credit card
Date Commenced - April 2006
Approx balance - 2300
Date last paid - May 2019, 150.00
Payment - on4 month payment plan arranged with Capital One,150 pm
Status - Arrears
Account owner - Capital One


Hi Di,

This account was opened in 2006 by post I believe, I got a form through my letter box and I sent it off.
I am sure I received a default notice earlier this year but I haven't managed to find it yet.
I had phoned Capital One to try and get 'back on track' as I had missed payments and agreed to pay 150 a month for 4 months, think I managed 3 months and then thought 'sod it'.
The account hasn't been terminated as yet, I have been receiving letters and emails requesting payment

Hopefully Capital 1 will terminate the account soon and then assign/sell the debt since you have just stopped paying, but they can be slow to do that.

You can send them a s77-79 CCA Request now, but perhaps wait unless they threaten anything serious.

Di

[AftonGlen]

I have just realised the letter I received from Capital One was a Notice of Sums in Arrears rather than a default notice, I am assuming they are 2 different things altogether.
I have received several of these letters from different creditors now.

[The Tech Clerk]

annual notice so different item to default notice

[Joanna Connolly Solicitors]

I have just realised the letter I received from Capital One was a Notice of Sums in Arrears rather than a default notice, I am assuming they are 2 different things altogether.
I have received several of these letters from different creditors now.

I'm guessing you've received a Notice of Default Sums detailing any money you have to pay for defaulting on a payment etc. Does the Notice refer to a £12 charge?

A Notice of Sums in Arrears is different > http://www.legislation.gov.uk/ukpga/...d-default-sums

If you've received letters from your creditors then update your Diary posts for each debt to keep track of their history which helps members to make suggestions as to your next step in each case.

Di

[AftonGlen]

[FONT="Noto Sans",sans serif]Sunny[/FONT]

Type - Payday Loan

Date Commenced - 06/2019

Approx Balance - 878.88

Date last paid - have never paid

Payment - not paying

Status- Default?

Account owner - SLL

November 2019 - Received an email dated 23rd October from SLL to say Sunny account has been legally assigned and transferred to SLL capital, received letter 2nd Nov from SLL offering a full and final settlement of 571.27. I don't seem to have received a default notice from Sunny

[Joanna Connolly Solicitors]

[FONT="Noto Sans",sans serif]Sunny[/FONT]

Type - Payday Loan

Date Commenced - 06/2019

Approx Balance - 878.88

Date last paid - have never paid

Payment - not paying

Status- Default?

Account owner - SLL

November 2019 - Received an email dated 23rd October from SLL to say Sunny account has been legally assigned and transferred to SLL capital, received letter 2nd Nov from SLL offering a full and final settlement of 571.27. I don't seem to have received a default notice from Sunny

I notice this post has been overlooked so maybe post an update on the situation to see what's needed.

How much was the original PDL advance?

The FCA made it clear (when introducing a price cap) that a borrower cannot be charged more than twice what they borrowed > https://www.fca.org.uk/news/press-re...payday-lenders

Have you heard anything more from SLL?

You say you've not made any payments to Sunny ever, so this may mean there are/were affordability issues to explore. Sunny are well aware of these problems as explained here > https://debtcamel.co.uk/sunny-payday...ation-unclear/

Di