UE Diary of Susieblings Daughter

[Susiebling365]

My thoughts/quandry. Di..... and she will be traceable by those routes..All three are just sending letters, at the moment, passing it to different collectors, nothing too serious, but i don t want to miss the one that matters... I presume that a court action could happen if she does not reply, by default I think ? That they would do that irrespective of knowing her present address.

Is re directing trustworthy?, and not sure they would do it for "years".....might do it for a short time... while i ponder ....

[Joanna Connolly Solicitors]

now in house moving mode, daughter having decided to sell up and relocate away from ex in laws etc, which brings me to a query I have regarding the credit cards.

What is the right way forward in your opinion on her concerning letters we receive from the debt collectors?.

There's a strong possibility that she will be linked to her new address on the CRA files if she eventually has a bank account etc registered at that address. If she is planning to buy not rent then a mortgage application may link her.

I think there may be a different answer to your question for each of her debts depending on the account's status. For example she may not want to wake up a sleeping dog but in other cases it may be better that they know where she is.

Di

[The Tech Clerk]

if they need/feel they are going to take action letter etc then you need to let them know new address OR they could decide to get a back door CCJ against you without your knowledge! sure others will refer as well

[Susiebling365]

Hello all, hope the sunshine is making you feel good. We are now in house moving mode, daughter having decided to sell up and relocate away from ex in laws etc, which brings me to a query I have regarding the credit cards.

What is the right way forward in your opinion on her concerning letters we receive from the debt collectors?

I don t really want to contact them regarding her new address, but then I don t want to miss anything important that might come into the post.I worry that they could just step things up and , for example go to court, and we get a judgement , not knowing about it?

I ve looked into redirecting the mail, which is ok , a bit costly ( but suppose mum could foot the bill if needs be) but she still has 5 years to go yet on these cards.

What do you people think ? Would it be ok to not say anything,... redirect for a short while... I am in a quandry what is best thing to do.

I ll hunt around on here, but your comments would be gratefully received .

SB

[Susiebling365]

Spot on and thanks I ve just revisited our file on Co op . We have letters of assignment of the debt to ALC5. " but Link remain as servicer for your account. All future payments should be made to Link etc " also " Link is now a data controller of your personal data "

So this is similar to Cabot as ALC5 is unauthorised... printed and filed. You learn something every day especially on here .

Thank you so much Roger....

[Roger]

All we are doing is following what Di had queried. I leave you to look into the PPI

The following is about CABOT (Licensed) and Cabot Financial (UK) Ltd (who are Unlicensed)
What LINK (Licensed) and ACL 5 (unlicensed) is very similar!
So Just file a copy with the paper work - just in Case its needed!

See Niddy's Blog about CABOT and Cabot Financial (UK) Ltd (Unlicensed).

https://www.all-about-debt.co.uk/for...50#post1291550

"..The exact reasons we want to keep sensitive if you don't mind..."

[Susiebling365]

I s n t it just !!! I will double check but it looks like the addresses are the same, I will certainly print off copies of that, but maybe they have just re-branded ? all gobbledegook with me , but I v learned on here that you just don t trust any of these companies. I m sure Di knows her onions , and these companies look connected. So I will do nothing for the moment.

Can they do that though? change the company name and become ok to chase debts?

What do you think to the PPI on the Santander issue? Santander are bank to many companies and it seems they have linked her debt to a store card that she had once upon a time..... no money owing on it, but there is on Cahoot. I ll hunt around on here and the internet, need to know how this PPI works. I wonder now if its a good amount,

[Roger]

Hi
Its confusing I know. Looking at the Diary!

It will be LINK Financial Outsourcing Ltd that are writing to your daughter!!

The letters dated August 17th 2017 - 24th January 2018 - 10th April 2018.

I suspect these are Headed LINK

And Signed LINK Financial Outsourcing Ltd.

LINK Financial Outsourcing Ltd ARE FCA Licensed https://register.fca.org.uk/shpo_sea...=3wq1nht7eg7tr

In the Diary August 2nd 2017
Your daughter had two letters sent to her!

1/ From Co-op - saying something like " transferred your Co-op account to a company called Asset Link Capital (No 5) Limited. They've appointed Link Financial Outsourcing Limited to act on their behalf.."

2/ From Asset Link Capitol - This second letter will say something like "Co-op has assigned your account, to Asset Link Capital (No.5) Limited ("ALC 5") ... ALC 5 have appointed Link Financial Outsourcing Limited ("Link") to service your account on their behalf.


Now its those letters of August 2nd that I believe is where you have got the ALC 5 abbreviation from!

Its confusing and complex - All I am suggesting is that you check this out. If this is correct take a copy of this FCA entry and file it with the paper work!

Asset Link Capital (No.5) Limited ("ALC 5") - In Law are the CURRENT OWNER and they aren't licensed with FCA http://fca-consumer-credit-interim.f...w?accId=652307

[Susiebling365]

I have just followed the links, I went to the FCA site and searched and the Link FO came up as authorised to provide regulated services and products. I don t presume to completely understand, but looks like this is legit , to chase this account ??

So do I ignore things so far, as they have said the account been sold to them?

I found them on the Financial services register, as they directed me to there from the one Di posted. ?

[Susiebling365]

ALC5.... I did wonder about the abbreviation, but presumed it was the same one ... Do you think so? on the letterhead it says Link and then further down, Link Financial Outsourcing Ltd.... This latest letter says its been sold to them

So does this count as being sold while in dispute ? I ll read further .... sometimes I can t take it all in ... the information....

[Susiebling365]

Thanks Roger....Oh baby is lovely, death was just my ex but caused a lot of waves, One in one out !! I cope, I make bread and knit

The company is Link Financial Outsourcing Ltd. Is this the same company you are talking about. I ll follow the links in a min. This one bothers me a bit as we did have a poor copy of an agreement for Co op. Niddy put that to being enforceable.

She has done a check for PPi recently She says she had a claim for money back from Santander . However they said something about how she has money owing with them, and how does she expect to get the PPI money without it being balanced against the debt ?
The claim has gone no further. She daren't chase it and they have sent nothing else to her.

I ll go to the links now

SB

[Roger]

Hi I ve just updated our diaries . Nothing much really to report thank goodness , but I would like to ask a couple of questions if thats ok. Co op , in this last letter from Link are said to have sold the debt to Link. Do I ignore this or do I say its been sold in dispute ? Not sure on this, as they have sent us a poor copy of an agreement. Your experience would be appreciated.

The other question is, if my daughter moves home , which is highly likely now the divorce and finances are done with. Does she notify these people, or let them find her and verify who she is ?

You have certainly been through the loop 2018!

I think Di's comment here https://www.all-about-debt.co.uk/for...10#post1498910 should be your guide.
Assignment issues?
Well you show the current debt owner as ALC5 I assume that's an abbreviation for Asset Link Capital (no5) Limited - perhaps you could check and confirm this!
If my assumption is correct I suggest you print out the following and store a copy with the filing - so that it isn't overlooked because that Company isn't licensed with FCA http://fca-consumer-credit-interim.f...w?accId=652307

Link won't know of the EN status of Co-op CCA! So we don't want to raise any issues at this time, or get them looking in that direction!

As for your daughters changing her address my thoughts would be to think of mail redirection at first rather than notifying Link

Di mentions PPI has your daughter checked this out? "..This account was opened in 1997. Was there PPI on it? .."

I should wait and see what Link send and post up here for guidance.

[Susiebling365]

"Co operative Bank

Type : Credit Card
Date Started : 4th September 1997
Approx Balance :£4301.58 as at Dec 2016
Date last paid : January 2016. (full payment)
Arrangement: paying regularly up until now
Minimum payments and to date are being paid each month
Account still with Co operative Bank
January 16: Sent a copy of the agreement to Niddy and although its not a good copy regarding this as
February 17 Stopped the DD after much deliberation, and the need to take back control.
May 3rd 17 Received Default notice, dated 18th April 17

August 2nd Received letters from Co op and Link Financial Outsourcing Ltd ( not heard of these) The account has now been sold to them. The debt is now owed to ALC5 but Link remains as servicer for the account. We are just filing this one away.

August 17th 2 letters from Link Financial Out sourcing. The first one (no date ) They say they are entitled to immediate repayment of the debt but are giving her the opportunity to clear the debt by monthly instalments of £45.64 by direct debit. This letter also says that they have bought the debt

The second letter dated 17th just asks her to ring . Filed away

24 th January 2018 Letter from Link to let us know they have not written for so long as they have had to validate her address. Could she ring them

10th April 2018 Letter from Link . reminding us that the debt has been sold to them and the usual blurb about repayment. Now do I ignore this or remind them its been sold in dispute, although co op did forward a poor copy of the agreement ."




Hi I ve just updated our diaries . Nothing much really to report thank goodness , but I would like to ask a couple of questions if thats ok. Co op , in this last letter from Link are said to have sold the debt to Link. Do I ignore this or do I say its been sold in dispute ? Not sure on this, as they have sent us a poor copy of an agreement. Your experience would be appreciated.

The other question is, if my daughter moves home , which is highly likely now the divorce and finances are done with. Does she notify these people, or let them find her and verify who she is ?

Thanks in advance, hope you are all good, 2018 has started with a big bang for me and mine , babies , deaths, holidays, illness , moving home blah blah ... still breadmaking though S.B

[Susiebling365]

Hi All....I m still here, life does get in the way

The Tech Clerk We have just had a letter too from Wescot/Lloyds now also trading as 2F ( do they do this to confuse ) could translate that to something rude , but I m too polite. They also know where we live.....and ?

We are still getting odd letters warning, cajolling , whatever, so I shall just update and file . She is nearly one year in, and is doing much better, thanks to family and friends....Have a good xmas break and ..... where would we be without this internet haven

[Susiebling365]

Not even had a glass of wine either....

It does take a while to load onto the site, guess i got impatient, and now stuck with repetitiveness