GDPR Cookie Consent by SimpleServe Privacy Script UE diary/debt mountain - AAD Consumer Forum

Announcement

Collapse
No announcement yet.

UE diary/debt mountain

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • UE diary/debt mountain

    Hey everyone, I have been reading with great interest many of the posts, diaries and stories on here for a while now and eventually decided to register, become a member and start taking control of debt, in particular those that have hung around for 12/15 years! I will attempt to post a diary for these debts once I’ve sussed out how to do it correctly ? I hope everyone is staying safe and is well with the current situation

  • #2
    • LTSB loan
    • 2008
    • Currently £5112. Originally £10400
    • 2009
    • Was paying £5 per month but have stopped pending CCA
    • Defaulted in 2010 and dropped off file 2016
    • Loan sold 28/11/2013 to MARLIN EUROPE V LIMITED. All correspondence now via Cabot Financial Europe who manage the debt (the same co. as Marlin)

    CCA request sent 15/04/2020
    signed for 17/04/2020
    letter from Cabot received 23/04/2020 to advise they do not hold the info so will ask OC for this
    I have ceased payments until complied with
    Last edited by Markus98765; 24th April 2020, 23:38.

    Comment


    • #3
      • Santander Loan
      • 2006
      • Currently £7038. Originally £9000
      • 2007
      • Was paying £5 per month but have stopped pending CCA
      • Defaulted in 2010 and dropped off file 2016
      • Loan sold 29/06/2012 to ARRROW GLOBAL LTD All correspondence now via Capquest who manage the debt. (Capquest part of Arrow)
      CCA request sent 15/04/2020
      signed for 17/04/2020
      Capquest have sent back my £1 PO to say they do not charge the fee
      25/04/2020 letter to advise looking into my request and collection on hold
      Last edited by Markus98765; 25th April 2020, 11:17.

      Comment


      • #4
        • Cahoot Loan (part of Abbey, then Santander)
        • 2005
        • Currently £2669. Originally £7500
        • 2009
        • Was paying £5 per month but have stopped pending CCA
        • Defaulted in 2010 and dropped off file 2016
        • Never received paperwork to say loan was sold on. All correspondence now via Drydensfairfax Solictors. Was previously managed by Apex Credit management
        CCA request sent 15/04/2020
        signed for 17/04/2020
        25/04/2020 letter to advise collection on hold until they can find documents etc
        15/06/2020 copy of CCA agreement sent to Niddy, confirmed enforceable
        Last edited by Markus98765; 15th June 2020, 22:32.

        Comment


        • #5
          Also have several other creditors, most of which taken out 2013 - 2019. Was on SC DMP but having spoken to the wonderful Di, have decided to sack off SC and manage these myself.
          Last edited by Markus98765; 15th June 2020, 20:49.

          Comment


          • #6
            Originally posted by Markus98765 View Post
            Was on SC DMP but having spoken to the wonderful Di, have decided to sack off SC and manage these myself

            Hello again

            Let's see if you can turn this debt mountain into a molehill.

            Di
            Legal Disclaimer

            I am a Litigation Executive at Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at di@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. My Direct Line is 0151 254 6986 Our initial advice is always free.

            Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

            Comment


            • #7
              Here hoping !

              Comment


              • #8
                • M&S Bank Credit Card
                • Nov 2019
                • Currently £1890
                • NA
                • Paying £11 per month
                • Dec 2019
                • NA
                Taken out when I still thought I could manage my debts. Quickly realised was in a pickle so sought advice. I have made a very cheeky offer to M&S to settle the debt, so will see what they come back with..

                Comment


                • #9
                  Originally posted by Markus98765 View Post
                  • M&S Bank Credit Card
                  • Nov 2019
                  • Currently £1890
                  • NA
                  • Paying £11 per month
                  • Dec 2019
                  • NA
                  Taken out when I still thought I could manage my debts. Quickly realised was in a pickle so sought advice. I have made a very cheeky offer to M&S to settle the debt, so will see what they come back with..
                  how cheeky lol - im negotiating with my enforceable MBNA debt - they have come back with 65% so far - too much although i have the money atm

                  Comment


                  • #10
                    Originally posted by Moonmonkey View Post

                    how cheeky lol - im negotiating with my enforceable MBNA debt - they have come back with 65% so far - too much although i have the money atm
                    I have offered M&S 25% of the balance, they’ve replied no bit open to negotiate

                    Comment


                    • #11
                      Do you have an update on any of these debts

                      (I've received your email.)

                      Di
                      Legal Disclaimer

                      I am a Litigation Executive at Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at di@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. My Direct Line is 0151 254 6986 Our initial advice is always free.

                      Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

                      Comment


                      • #12
                        Originally posted by Diana Mayhew View Post
                        Do you have an update on any of these debts

                        (I've received your email.)

                        Di
                        Hi Di,

                        Yes I have an update for 2 of these as below
                        • Original creditor LTSB loan
                        • 2008
                        • Currently £5112. Originally £10400
                        • 2009
                        • Was paying £5 per month but stopped pending CCA
                        • Defaulted in 2010 and dropped off file 2016
                        • Loan sold 28/11/2013 to MARLIN EUROPE V LIMITED. All correspondence now via Cabot Financial Europe who manage the debt

                        15/04/2020 - CCA Request
                        17/04/2020 - signed for
                        23/04/2020 - letter from Cabot Financial Europe received to advise they do not hold the info so will ask OC for this - I have ceased payments until complied with
                        10/06/2020 - Letter from Cabot Financial Europe with copy of CCA and various statements/screen prints. Sent to Niddy to check.
                        12/06/2020 - Niddy advised CCA looks enforceable
                        Last edited by Markus98765; 13th June 2020, 04:31.

                        Comment


                        • #13
                          Originally posted by Diana Mayhew View Post
                          Do you have an update on any of these debts

                          (I've received your email.)

                          Di
                          Hi Di,

                          Yes as below
                          • Santander Loan
                          • 2006
                          • Currently £7038. Originally £9000
                          • 2007
                          • Was paying £5 per month but have stopped pending CCA
                          • Defaulted in 2010 and dropped off file 2016
                          • Loan sold 29/06/2012 to ARRROW GLOBAL LTD All correspondence now via Capquest who manage the debt. (Capquest part of Arrow)
                          15/04/2020 - CCA request sent
                          17/04/2020 - signed for
                          24/04/2020 - Capquest have sent back my £1 PO to say they do not charge the fee
                          25/04/2020 letter to advise looking into my request and collection on hold
                          04/05/2020 - reply from Capquest with copy of CCA which Niddy has deemed unenforceable
                          09/06/2020 - letter to advise they have not heard from me

                          Comment


                          • #14
                            Originally posted by Markus98765 View Post

                            Hi Di,

                            Yes I have an update for 2 of these as below
                            • Original creditor LTSB loan
                            • 2008
                            • Currently £5112. Originally £10400
                            • 2009
                            • Was paying £5 per month but stopped pending CCA
                            • Defaulted in 2010 and dropped off file 2016
                            • Loan sold 28/11/2013 to MARLIN EUROPE V LIMITED. All correspondence now via Cabot Financial Europe who manage the debt

                            15/04/2020 - CCA Request
                            17/04/2020 - signed for
                            23/04/2020 - letter from Cabot Financial Europe received to advise they do not hold the info so will ask OC for this - I have ceased payments until complied with
                            10/06/2020 - Letter from Cabot Financial Europe with copy of CCA and various statements/screen prints. Sent to Niddy to check.
                            12/06/2020 - Niddy advised CCA looks enforceable

                            Do Marlin still own this debt, because they lack FCA authorisation regardless of whether the credit agreement looks enforceable?

                            Always remember that the business writing to you (on the notepaper) is not necessarily the actual legal owner.

                            Now would be a good time to send a SAR to LTSB so you can compare notes with what you have been sent by Cabot to check for 'accuracy'

                            Di
                            Legal Disclaimer

                            I am a Litigation Executive at Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at di@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. My Direct Line is 0151 254 6986 Our initial advice is always free.

                            Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

                            Comment


                            • #15
                              Originally posted by Diana Mayhew View Post


                              Do Marlin still own this debt, because they lack FCA authorisation regardless of whether the credit agreement looks enforceable?

                              Always remember that the business writing to you (on the notepaper) is not necessarily the actual legal owner.

                              Now would be a good time to send a SAR to LTSB so you can compare notes with what you have been sent by Cabot to check for 'accuracy'

                              Di
                              Hi Di,

                              As far as I am aware the debt has not been assigned by Marlin Europe V Ltd to any of Cabot’s other companies since Marlin Europe V Ltd bought it in 2013 from LTSB. Yes all letters now are on Cabot Europe Ltd headed paper but as far as I am concerned Marlin Europe V Ltd are the legal owners of the debt. I have not been advised otherwise. I am awaiting SAR responses to all of my debts listed on the forum. I emailed you the letters I received from both LTSB and Marlin Europe V Ltd which explains they bought/assigned the debt in 2013.

                              Many thanks

                              Comment

                              Working...
                              X