Pixie's UE diary

[Pixie]

Re: Pixie's UE diary

Debt Managers have been phoning...first dca phone calls I've had for about 2 years. I don't know how they got my number. Anyway, I've sent SWID with a bit added about only communicating in writing to DM and SWID to Capquest.

[Pixie]

Re: Pixie's UE diary

I've seen them off on two other accounts (BC and MBNA). Like yours, these were ones they hadn't actually bought. I wonder if they'll be any different as they have actually bought this. Time will tell

[garlok]

Re: Pixie's UE diary

I've noticed that too Garlok. I received a letter from LTSB yesterday saying the account had been assigned and I had to contact Debt Managers to organise payment "as a matter of urgency". Don't know what the rush is, I haven't paid them for 3 years so I think they'll be waiting a bit lot longer

I would sit in wait to ambush Debt Managers. They are required to contact you to inform you that they are the assignee. We saw off Debt Managers a long time with one of our BC accounts when they were acting as "agents for", they hadn't bought it. They are another bunch who really do not like resistance from consumers like ourselves and they slithered away in our case, returning the account to BC complaining like Moorcroft did on another account that this nasty man had been shouting at their little darlings.

What I am noticing however is that these debt purchasers (reptilian parasites) seem to believe that they suddenly have more legal powers and authority as they have purchased a cheap CD off e-bay and that absolves them from any responsibilities and liabilities under the law. Oh well its good letting them know.

regards
G

[Pixie]

Re: Pixie's UE diary

There really does seem to be a lot of activity in the market for old dross credit accounts being sold to the reptiles recently Pixie.

I've noticed that too Garlok. I received a letter from LTSB yesterday saying the account had been assigned and I had to contact Debt Managers to organise payment "as a matter of urgency". Don't know what the rush is, I haven't paid them for 3 years so I think they'll be waiting a bit lot longer

[garlok]

Re: Pixie's UE diary

There really does seem to be a lot of activity in the market for old dross credit accounts being sold to the reptiles recently Pixie. Most of whom have not even checked the viability or veracity of the CD they have bought. Every single question they have to refer back to the original account holder "for further information". regards G

[Pixie]

Re: Pixie's UE diary

My LTSB credit card account has been sold to Capquest and they have appointed Debt Managers to manage it. Will send SWID to Debt Managers.

[Pixie]

Re: Pixie's UE diary

I'm quite happy to carry on paying £1 a month until the day I die.

[ken100464]

Re: Pixie's UE diary

Our rent a solicitor has just written asserting that they can and will review our CCJ/CO at 6 monthly intervals. Then ask us to fill in an i&e

They can if they want to follow procedure and ask a judge who can then order i&e disclosure. But costs them so they dont and hope we help them work out if its worth their while.

After the trauma of a CCJ think the only way left to stick two fingers up is to pay forever. Not that we get that chance as ours will be paid in 11 years. But as it gets smaller the less likely they will try anything.

[Pixie]

Re: Pixie's UE diary

Thanks Ken.

Arrow already have my mbna debt.

No chance of a CO as I rent and the CCJ was set at £1 a month. If they try to get me to do an I&E they'll get told where to go!

[ken100464]

Re: Pixie's UE diary

They need a redetermination to get more out of you but that costs them so they try it on via a i&e to see if you are capable of paying more.

I would suspect a CCJ debt is worth more than the 10%. If its secured via a CO its worth more again.

I think alot of creditors will be starting to offload non performing debts. They needed them to bolster their balance sheets. Now they have got capital up again they can start off loading.

Dont be surprised if Arrow place this with a DCA you already have as they are using that new fangled Experian client track and trace computer program.

[Pixie]

Re: Pixie's UE diary

A couple of years ago I had a CCJ awarded against me for an enforceable (too new so not mentioned on my diary) debt.

I've received a letter today from the OC saying that they're selling the debt to Arrow Global the day after the 2nd anniversary of the ccj.

I have a few questions. Is there any significance in the date? Can Arrow Global increase the payment? Is it just a business decision - if they've sold the debt for 10% of the original debt they'll at least have recouped the court costs which, at the payment rate set by the court, they're unlikely ever to get repaid as I'll probably be dead!

[Pixie]

Re: Pixie's UE diary

But... would M&S know for absolute definite whether it's enforceable or not?

I'm hoping that they don't...and I've certainly no intentions of telling them!

I've been blagging it for 2 and a half years so and will carry on doing so. My only concern is that it's now with Marlin who are known to be barstewards.

[Pip]

Re: Pixie's UE diary

I wonder what they'll come back with when M&S tell them it's actually enforceable?

But... would M&S know for absolute definite whether it's enforceable or not? I get the feeling that the majority of DCAs and/or OCs don't really know that until the very rare event of it getting to court or pre-court solicitor negotiations. I may be wrong though!

[Pixie]

Re: Pixie's UE diary

Received letter from Marlin in response to my Account Sold while in Dispute letter.

They say that currently there is no legal action being considered (nice to know ) but, as they are acting within OFT guidelines, the account will not be closed at this time.

They are getting back to HSBC for more information and placing the account on hold in the meantime.

I wonder what they'll come back with when M&S tell them it's actually enforceable?

[Pixie]

Re: Pixie's UE diary

3 and a half years