PowerOfCats UE Diary

[Ballister]

Hi
Unfortunately Colin no longer works for JCS. You may have to speak with Gerry or someone else.

However looking at your diary it appears that this debt may be Statute Barred. The last payment appears to be September 2018.

[PowerofCats]

Colin G Quinn could you assist? Or one of your colleagues? Rather anxious!

[PowerofCats]

2. Debt: MBNA Credit Card (Virgin) - Now with LINK FINANCIAL LTD Account Opened: 22.01.06
Balance at time of starting DMP: £6900
Current balance: £4807
Defaulted? YES - Drops off Feb 2019
Last payment received: September 2018 via Stepchange for nominal low amount
11/01/19 - CCA request signed for. Signature receipt saved as PDF
25/05/19 - First piece of correspondence received. A statement of account dated 10/05/19. Interestingly it notes my CCA request and £1 on there, but I have not received any CCA documentation.
31/08/19 - Response to CCA request received with some documentation. Emailed to Niddy for his thoughts
31/08/19 - Niddy states that as it's a tick box, it's easy for faults to be remedied and thus ENFORCEABLE
06/08/19 - Digital SAR sent via the MBNA website. Screenshot of confirmation that it has been received retained
06/02/20 - Letter from LINK FINANCIAL LTD to my new address stating they have located me and we need to talk
15/07/2022 - adding note here to state UNENFORCEABLE as per JC comments about winning court case
16/09/24 - letter received stating to contact them within 14 days as they will be sending the account to their solicitors ???????



08/10/24 - letter of claim received dated 03.10.24 from Kearns solicitors stating 30 days to pay before court proceedings.



Advice on what to do please?


(Worth noting that I have only received the letter or claim for this one, not debt 1 as well. This debt is the MBNA Virgin account

[PowerofCats]

I think you need to edit this as it has your reference number on it!

Cheers. Edited and re-uploaded

[vaper]

I think you need to edit this as it has your reference number on it!

[PowerofCats]

Fyi, I've left a message with JCS for some advice and waiting for a callback.

[PowerofCats]

Long time no speak.

I've received 2 letters today for debts 1 and 2 from Link Financial

They state that they intend to take legal action to recover the balance and I need to make contact within 14 days

??????
Both are MBNA debts

I'm 45 days out from statute barred (I believe?) as my last payment was Sept 2018 via Stepchange and apart from SAR request I've had no contact

Could I have some advice on what to do? Thanks

[Roger]

Interesting! Thank you!
None of my link accounts appear on my credit file, so I can only imagine it is to 'damage' my credit. Do potential lenders see the debt collection heading?
I worry they'll keep doing the checks every few months, though... Is that possible or legal?

HARD SEARCHES REMAIN FOR 2 YEARS
".. Hard searches are made by lenders when considering applications for credit. .."
".. They don’t affect your TransUnion credit score, but may be considered by lenders when working out how credit-worthy you are. .."

Well after 5/6 years the CRA debt falls off doesn't it and LINK nolonger have a reason for reporting do they!
The Hard search remains for 2 years! I don't know whether there is any other restriction on the number of Hard Searchs so I presume LINK can continue every 2 years to repeat their PARTY TRICK

For what other purpose, since they are not LENDERS , it can only be to Destroy your CREDIT

[PowerofCats]

Interesting! Thank you!
None of my link accounts appear on my credit file, so I can only imagine it is to 'damage' my credit. Do potential lenders see the debt collection heading?
I worry they'll keep doing the checks every few months, though... Is that possible or legal?

[Roger]

Now this is what a Hard Search is

HARD SEARCHES

Hard searches are made by lenders when considering applications for credit. They don’t affect your TransUnion credit score, but may be considered by lenders when working out how credit-worthy you are.

Link Financial Outsourcing Ltd (SR,SACT,CR,R,CV)
Debt Collection

Now are LINK Money Lenders? Unless you have directly contacted them HOW CAN THEY CLAIM TO BE CONSIDERING APPLICATIONS FOR CREDIT.

No this is to deliberately damage your CREDIT WORTHINESS beyond 5/6 years what other purpose does it serve?
Raising a dispute or contacting them MIGHT be considered Admitting a Debt and thus restarting the Statute Bar Clock.

I surmise that LINK think they can continue to do this every 2 years BUT of course damage to CREDIT opens the door to DAMAGES doesn't it.

[PowerofCats]

Oh I entirely agree. It's a bully boy tactic but won't work. I'm nearly 4yrs in and no contact so 2/3 there and tactics like this make me stand firm.
I've got another 2.5yrs on my fixed rate mortgage so it's 2.5yrs before I need to have a legit credit search (unless I stay with my current lender!) so they can swing.

Curious, do other lenders see the reason code that a hard search is completed under? Or just a hard search? Never had a 'debt collection ' hard search come up before!

[Roger]

Just popping on after a long hiatus. Nothing much changed, though I checked my transunion credit file today and could see that on the 2nd July Link Financial conducted a hard search under 'debt collection' but can't see the search on my MSE credit club experian account.

No issues raised, no letters in ages. Keeping my head down.

Link have been doing hard searches! These remain for 2 years.
BUT its a disgrace because they are NOT LENDERS and have not been approached for Money.
In my opinion its an abuse. In effect they are extending the damage to the Debtors Credit by a further 2 years!

[PowerofCats]

Just popping on after a long hiatus. Nothing much changed, though I checked my transunion credit file today and could see that on the 2nd July Link Financial conducted a hard search under 'debt collection' but can't see the search on my MSE credit club experian account.

No issues raised, no letters in ages. Keeping my head down.

[Roger]

14. Debt: Egg Loan - bought by Barclays
"..
28/01/19 - Letter from IDEM unfortunately we are unable to supply a copy of the credit agreement and acknowledge that until we do so the agreement cannot be enforced. We have contacted the original lender for a copy and if available it will be sent to you under separate cover in compliance with your request. Currently UNENFORCEABLE
26/02/19 - letter from IDEM stating that they have conducted a review of the interest and payment and confirm the last date I paid was 16/10/18 and so due to non-payment they are reinstating the previous interest rate of 9.510%? If I want to maintain 0.00% to contact them within 14 days.
.."
There really is a saga to Egg and Barclays.
1/ Egg used to send Emails . Do you have any original Egg emails? Do you know what the Original Egg A/c No was? Do you remember how this Egg Loan came into being? Did it start out as a Loan or perhaps a Egg Card which became a Loan?
2/ Did Barclays change the Egg Account to a Barclays Account? Or was it run under the old Egg Terms?
3/ At any time does the name MERCER appear in correspondence?
4/ Those two dates 20/01/19 and 26/02/19 raises the Question as to whether IDEM were acting as Barclays Agency or whether IDEM had purchased the Debt from Barclays. I say this because of that interest rate implies that the account was still open? But IDEM are not Bankers so how can they apply interest! It also raises the question of whether Barclays ever closed the account .

24/07/19 - Notice to terminate your account. Payment demand for balance of £3020.90 demanded. (Was this from IDEM or Barclays?)
BUT I note there is no mention of a Default Notice?

5/ ".. 14/10/19 - letter dated 11/11/19 stating that as of the 20/09/19 my account has been purchased by HOIST FINANCE UK HOLDINGS 3 LIMITED. .."
Was this letter from Barclays or IDEM? If this letter was from HOIST who do they say they brought it from?

I think you should send a SAR to Barclays this should reveal what happened or otherwise to your S.77/78 CCA (plus £1) request.
There are so many unknowns here at the moment.
You would be Statute Bar 5(Scotland) else 6 say by October 2022.
The SAR won't cost anything and won't restart the SB clock. Expect the pestering and threats to increase the closer you get to SB.
They might try their arm at a Claim! So getting your records up to date and a better History is to your advantage.
Obviously NO Communications with any of these chancers.

The Tech Clerk sets out how to deal with resolve call

[The Tech Clerk]

well resolvecall no powers just drop of calling card contact office no need to converse = no connection made, local agent gets his calling pay.