And so it begins...

[MustGetStraigh]

Re: And so it begins...

An interesting letter from 1st Credit today:

What are "redemption limits"?

No idea, sorry can't help! But wow what an offer. How can you refuse - not.

[Never-In-Doubt]

Re: And so it begins...

UPDATE:

Received a letter from Arrow Global that relates to an Orange debt. Apparently they now own the debt and Close Credit Management will operate this account on Arrows behalf.

So the debt is from around 2005 and is for £192.94. I left Orange to go to O2 after they cut me off 3 times in one month by mistake, I've been with O2 ever since. I thought it was paid off, obviously not. I don't have any paperwork relating to this anymore, it was binned years ago when I moved house.

Not sure if I should just pay it, what with it being such a small amount...

NO! This will be statute barred - or bordering at the least! Ignore them, do not pay and whatever you do DO NOT CONTACT THEM!

[Never-In-Doubt]

Re: And so it begins...

An interesting letter from 1st Credit today:

What are "redemption limits"?

Ignore this nonsense! Redemption Limits, in the context used here, means end of April (as they are giving you the month of April in which to utilise the offer, i.e. the redemption period)....

It won't matter anyway, don't even give them the time of day with a response!

[asm76]

Re: And so it begins...

Thanks Niddy, really appreciate your replies.

It makes me wonder why they want to offer such large discounts though...

[Never-In-Doubt]

Re: And so it begins...

Thanks Niddy, really appreciate your replies.

It makes me wonder why they want to offer such large discounts though...

Cos they buy debts for around 12p in the £1 - so realistically, you could offer 20p in the £1 and they'd still make a profit...... but they are greedy and want to try for 70% usually, idiots!

[asm76]

Re: And so it begins...

Yeah, but it goes back to what I've previously said, why not just go to court and secure a payment for the full amount rather than bother faffing about with letters, threats and offers of 50% discounts... ? lol

[Never-In-Doubt]

Re: And so it begins...

Yeah, but it goes back to what I've previously said, why not just go to court and secure a payment for the full amount rather than bother faffing about with letters, threats and offers of 50% discounts... ? lol

Because they may not win in court, remember that!

[asm76]

Re: And so it begins...

Yep, that's exactly what I thought.

Anyway, I'll keep this thread updated with any more letters etc

[Never-In-Doubt]

Re: And so it begins...

Yep, that's exactly what I thought.

Anyway, I'll keep this thread updated with any more letters etc

Cheers - best of luck

[Pixie]

Re: And so it begins...

I think you can expect to get more 'generous offers' if the debt is near to being statute-barred. they know it's their last chance to get something from you and hope to tempt you by their offers.

[asm76]

Re: And so it begins...

They defaulted me 15th March 2007 and I think the credit card was from 2004/5...I do not know when I last made a payment due to the alcoholism.

[asm76]

Re: And so it begins...

1st Credit again...

Dear Sir/Madam

RE: Your agreement with Barclaycard
Relating to /Account Number: XXXXXXXXXXXXX
Balance Outstanding: £1603.93

We write to introduce 1st Credit Ltd to you.

BARCLAYCARD has assigned to 1st Credit (Finance) Limited the full outstanding balance due under the agreement referred to above. As a result of this assignment, the full amount outstanding is due to 1st Credit (Finance) Limited immediately.

As the outstanding balance is owed to 1st Credit (Finance) Limited you should not make any payments to BARCLAYCARD as it will take significantly longer to process the payment onto your account. To discharge your outstanding balance, you now need to make payment direct to the appointed servicing agent 1st Credit Ltd at the above address.

We ask you to contact this office immediately so we can agree payment terms with you. Failure on your part to do this will result in more formal recovery proceedings being taken against you.

In accordance with the Data Protection Act 1998 we will comply with any request for a copy of the Personal Information about you that is held on our computer system.

Send your request, along with the administration fee of £10.00 and a self addressed envelope to the above address.

Please contact us on 0843 320 0000 your reference is xxxxxxx.

PLEASE DO NOT IGNORE THIS LETTER.

We look forward to hearing from you.

Yours faithfully
Gavin Flynn

What do we make of that then?

[Never-In-Doubt]

Re: And so it begins...

Did you request a SAR?

In any case this is a typical Notice of Assignment - not absolute, but partial assignment. Basically you can ignore it.

[asm76]

Re: And so it begins...

No, never requested a SAR in my life lol

[Never-In-Doubt]

Re: And so it begins...

No, never requested a SAR in my life lol

Idiots eh? Just ignore them yea? Keep us updated