natwest have name wrong is loan/debt valid?!

[Jyle]

hi everyone need advice

i have outstanding debt with natwest/westcot, i repay through wescot but natwest still send statements of payments being received but on the letters from natwest my name is wrong. they have my first and last name the wrong way round and always have, although i am paying back the debt westcot aren't very good as it seems my debt isn't being reduced and i am now wondering whether i can deny the debt as my name with natwest is wrong on the loan.

any advice would be appreciated

[MrsD]

Re: natwest have name wrong is loan/debt valid?!

Is it your debt?
I'm assuming it is as your paying it.

What kind of debt is it?
How old is it?
Who did you take it out with initially?
How much is it and how much are you paying?

Once we know this, the best way forward may well be to send a CCA request

[Never-In-Doubt]

Re: natwest have name wrong is loan/debt valid?!

i am now wondering whether i can deny the debt as my name with natwest is wrong on the loan.

No sadly as it was you who took the loan out, it wasn't fraud - it was a small processing error so the loan is valid, however whether it is enforceable is another matter altogether.

[Jyle]

Re: natwest have name wrong is loan/debt valid?!

Its a loan from natwest, the loan was takin out over 8 years ago when i was 18, the original amount was £1500 somewhere along the line they have added more credit on for a reason i cant remember an now my outstanding debt is around £5k.
I was paying natwest and it got sold to westcot, i was paying westcot £5 a week then due a missed had to pay £25 DD to them.
Natwest only receive £10 of the £25 i pay.

[Never-In-Doubt]

Re: natwest have name wrong is loan/debt valid?!

so where is the other £15 going? Natwest ought to get the whole lot.....?

[MrsD]

Re: natwest have name wrong is loan/debt valid?!

so where is the other £15 going? Natwest ought to get the whole lot.....?

are you in some sort of DMP with someone else?

[Riz]

Re: natwest have name wrong is loan/debt valid?!

How do you know they only get £10? Are you basing that on how your CRA balance reduces, or something more concrete?

[Jyle]

Re: natwest have name wrong is loan/debt valid?!

Cut a long story short, whilst paying the loan back i lost my job and was left unemployed, several months on after struggling to pay my debt plus my bills the bank informed me i had ppi (I did not know i had ppi).
I tried to claim ppi but never got anywhere with that and i gave up an stopped paying natwest.
And natwest have sold it to westcot.

[Jyle]

Re: natwest have name wrong is loan/debt valid?!

Im getting statements from natwest with £10 payments 'from' westcot 'to' natwest.
I pay westcot £25 per month...

[Undercover Elsa]

Re: natwest have name wrong is loan/debt valid?!

Hi Jyle, that's not on. They can't do that! By what method do you pay Wescot?

[Jyle]

Re: natwest have name wrong is loan/debt valid?!

I pay by direct debit.

[MrsD]

Re: natwest have name wrong is loan/debt valid?!

have you ever asked where the rest of the money is going, could there be another account with natwest that may be taking some of the payment?

how long have you been paying this?

[Jyle]

Re: natwest have name wrong is loan/debt valid?!

Ive been paying this for quite some time, i have never questioned westcot as i thought they have took on the debt.

[SXGuy]

Re: natwest have name wrong is loan/debt valid?!

They shouldnt not be taking any money from the payments you are making, you really need this sorted, the balance will dramatically be reduced if we can find these missing amounts.