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  • Hoist Finance Bulk Issuing Again

    Hoist Finance UK seem to be issuing county court claims in bulk via the Money Claims Online system.

    Hoist Finance UK is based in Salford, and incorporates Robinson Way, Lewis Group and Compello Group. Hoist Finance UK is part of the Hoist Finance AB Group, based in Sweden, with approximately 1,380 employees.

    Debts purchased by Hoist Finance are often bundled together as investment portfolios. If you receive a claim from this company it will normally be in the name of one of the portfolios. They specialise in acquiring and managing non-performing consumer credit debts from banks, such as Barclays, Egg, HSBC and Santander.

    Some of the investment portfolios in the Hoist Finance Group are:
    • Hoist Portfolio UK Holdings 1 Limited
    • Hoist Portfolio UK Holdings 2 Limited
    • Hoist Portfolio Holding1 Limited
    • Hoist Portfolio Holding 2 Limited

    Hoist Portfolio Holding1 Limited and Hoist Portfolio Holding 2 Limited are Jersey registered companies that have now been liquidated. If either of the companies obtained a judgment against you by default and you have just discovered it either Hoist Portfolio UK Holdings 1 Limited or Hoist Portfolio UK Holdings 2 Limited will have been assigned the debt and the court should have been notified under what is known as a Global Substitution Order. However, we are aware that the court records have not been updated in a number of cases.

    If you have received a letter of claim or a County Court Claim from a Hoist Portfolio company or they have obtained a default judgment against you, you can get help!

    These claims can be defended. Our view is that these companies once they issue county court proceedings must show us and the courts that they have complied with the statutory requirements of the Consumer Credit Act 1974, the Financial Services and Markets Act 2000 (FSMA) and the Law of Property Act 1925. If they have not, then they are not legally entitled to enforce these debts.

    Legal Disclaimer

    I am a Litigation Assistant 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 sam@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. 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
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