Easy answer .. I hope

tommytynan123

Over the years massive snags - now seeing light AND yes it feels great. I've changed now forever though - bargain hunt / ebay /etc and the old ''.. do I need this ? ..'' I'm almost enjoying it as a hobby!!
Anyway - over the years wife has had a catalogue. She has become ill (not debt related) and I deal with firm (GUS but now K&co) as best I can. Balance down now from £1K to about £200. Paying £40 a month.
Have been dealing with GUS / NDR who are actually worse than dog s......!!
Letter arrived yesterday from another DCA saying they have bought the loan and to deal with them and if we don't respond by 9th March then death etc. I thought .. funtime !!!
Am I right in saying to them:
1. I have had no notification from GUS that you have bought the loan and until I do then I don't recognise you at all.
2. Action/Comeback (if any) on my details being passed to new firm w/out prior consent.
3. If I crack 1 and 2 above, and, I've got a little spare cash today (£100 ish) where would I start on f/f offers. 40% 50% ???

Thanks guys.
PS If you feel bad today linked to debt - start dealing with it as I did some years ago and it WILL get better and you will feel good. This site is great.

Jesthar

Hi tommy,

One thought - have you ever tried requesting they provide you with a true copy of the original Credit Agreement your wife had with them (known as a 'CCA request')? You mention 'over the years' - a lot of older agreements turned out to be invalid, or the creditors couldn't find them. If they can't produce a valid CCA in the specified timeframe, then the account goes into dispute and you can stop paying them full stop

It's been a while since I was on this forum much, and my knowledge is a little rusty, but I'm sure the experts will be along with more info in a bit.

~Jes

Tixy

I'd start with a prove it letter - and that should prompt them to send out the notice of assignment. You are right that the existing owner should have strictly told you but providing the new owners can show you the NoA then I think legally they would be covered.

As Jesthar says you could try the CCA route. If you go the F&F route then I'd start lower than that - probably around 25%. I guess you already know to get any F&F in writing from them before you pay?:)

climbgirl

If you're paying £40 a month on a £200 debt, are they really going to accept a full and final offer? It's only going to take them 5 months before they get their money back...

I suppose you don't get if you don't ask, but I'm not sure I see the motive for them to accept. Most will only accept F&Fs if they see no other way of getting any money back.