From Capquest to Advantis

Wilkie_Collins

In 2009 I got into problem with a bank loan I couldn't pay and as the bank refused to accept a reduced payment plan it resulted in me defaulting on the loan. In 2012 the bank had a new years clear out and sold the debt on. I then began receiving letters from Capquest in January 2012.

The letters started with a phishing letter requesting that they would like to make contact with me then started a letter campaign of threats of recovery which I ignored; then in June 2012 the letters suddenly stopped and I though that was an end to it.

Suddenly in January 2013 I received a letter from Advantis Credit stating they were acting on behalf of Capquest and now I am once again a target of another letter campaign which I am still ignoring.

Are Capquest and Advantis just the same companies under different names and has anyone ever been taken to Country Court by Capquest or Advantis.

I just don't understand why they are holding off court enforcement action since the statute of liability has been ticking for quite a while.

fatbelly

As far as I know they are not linked - Capquest will have asked Advantis to act for them.

As you know, they have until 2015 (England/Wales) to commence court action if you stopped payment in 2009. So they still have a couple of years to fish and sniff.

I have been working as a debt adviser at CAB for 12 years and cannot recall seeing court action as such from Capquest. I have seen a couple of statutory demands from them, but they did not follow this through, even though we encouraged them to do so!

Past history isn't a terribly good guide to the future as things change. So court action is not impossible but my guess is that they would do a Statutory Demand if they knew you had assets or income worth going for.

Wilkie_Collins

That's really useful advice fatbelly, as I don't have any assets worth taking, this letter campaign maybe their best strategy.