Speed Loan Finance part of Albermarle & Bond

jackjones01

I was wondering if some could give me a bit of advice.

I took a out a loan in 2004 from Speed Loan Finance part of Albermarle & Bond PLC. As you can imagine when they went to cash the cheques back in 2004 they all bounced as I became unemployed.

Anyway to cut along story short back in December 2010 I did a search on a registry trust for possible CCJs in my name.
It appears a CCJ was issued on 11/07/06 for the amount of £1040.00 from Speed Loan Finance. I have never paid a penny
towards the debt nor have been contacted regarding the debt until recently.

My mom called me last week stating a letter had been received by a DCA for the amount of £1800.35 relating to Speed Loan Finance. I have contacted the DCA basically asking them to prove it i'm currently awaiting there response.

The debt would be statue barred now if the CCJ had not been issued. My Three questions are:

1) Can they still add money to a debt once a CCJ has been issued.
2) I am presuming this Debt has been sold on to many DCAs, would they be aware a CCJ has already been issued on the debt.
3) Should i risk sending a statue barred letter knowing the debt has already had a CCJ issued against it.

Thanks in advance

jackjones01

Hello, Is there anybody in there? Just nod if you can hear me Is there anyone home?

Tixy

Hi Jack

-I think you would need to see a copy of the judgement (from the court) to know whether they can continue to add interest to the debt. If it specifically states they can in the judgement then they can.
-Fairly certain they will know there is a CCJ.
- I doubt this would work but don't know anyone thats tried it.

Wait for the response to your prove it letter - that might well tell you if they know there is a CCJ etc.

jackjones01

You know what trixy you are actually right, im just going to wait until I get a response from the prove it letter.
Then once they have responded ill take it from there as I will need to dispute the amount too as its gone from £1040.00
to £1800.35 that means just £800.00 has been added in charges since the CCJ was isssued. I will also ask them
for a statement of account too, this will help me find out whos added what charges.

jackjones01

Just an update since sending the prove it letter I have not had any response. I contacted them about 3 weeks ago reagarding this and the DCA say they will contact the creditor again. Its been 6 weeks now and ive not heard a thing, im presuming they are either unable or struggling to prove I owe the debt what should I do next?

fermi

Wait to see if they come back with anything.

jackjones01

fermi wrote: »

Wait to see if they come back with anything.

How long should I leave it? a CCJ was issued on this debt back in 2006. Im thinking if they are unable to prove I owe the money should I challenge the CCJ?

taxsaver

I wouldn't as in 2012 it will be 6 years and falls off your credit records. Contesting it now may result in it being set-aside but then may also cause the loan company to start again and you'll possibly then have a new CCJ on your file for another 6 years.

jackjones01

Hmm im not sure what to do as so far the creditor has been unable to provide proof I even owe the debt.

How did they even manage to get a CCJ against me without proving I owe the debt.

Tixy

jackjones01 wrote: »

Hmm im not sure what to do as so far the creditor has been unable to provide proof I even owe the debt.

How did they even manage to get a CCJ against me without proving I owe the debt.

Well if you didn't contest it then they wouldn't have needed to provide any proof, they'd have got a forthwith judgement in their favour by default.

My guess is that the original creditor probably did have the paperwork, but creditors often sell on old debts without the paperwork.

jackjones01

Tixy wrote: »

Well if you didn't contest it then they wouldn't have needed to provide any proof, they'd have got a forthwith judgement in their favour by default.

My guess is that the original creditor probably did have the paperwork, but creditors often sell on old debts without the paperwork.

The debt has always been with same company. What would you advise? Im annoyed they have slapped me with a CCJ and they can not even prove I owe the debt.