What's this all about?

Vagabond_UK

I have 2 TSB credit cards debts, which are being paid via Global Debt Recovery. On Friday, I received 2 letters from them telling me that Global had assigned the rights to the accounts to FV-1, inc. on 22nd December.

However, FV-1 have apparently appointed Global as administers of the account and are now looking for full payment, or repayment terms. I'm assuming this is just a cover to try and get me to pay more than I already do. Its been a fair cop, and I do owe the debts so I've no problem in paying up.

1 account was only for £1.17 (I had been paying £6/month towards this account - I've since cleared that off, so now it doesn't exist! Yay! :T )

The other is for £163.28, to which I had been paying £6/month also, although I intend to 'snowball' the now-cleared £6 onto the remaining £6 and pay the debt off quicker!

However, both letters still retain the ref. numbers of the original accounts with Global prior to this 're-assignation' of the accounts?

So, i was wondering if this is indeed just some ploy to try and get more dough out of me...? I've never heard of FV-1 and it seems, neither has Google in terms of debt recovery. Hmm...

lynzpower

vagabond
can i ask why you haved the capquest website in your sig
they arnt allowed,please remove

Vagabond_UK

Apologies. Didn't know...

Thanks for your help in answering the question.

lynzpower

Ok, interms of the DCA, I suggest you give the FSA a ring and see if they have ever heard of them. I havent either in all fairness and Ive banked with llloyds for years.

I wonder whether it might be a better idea to propose your changed payments to lloyds tsb direct?