CCA Help With Old 1998 Loan And Possible PPI

NorfolkNelson

Hi all... I`m so pleased to be here!! :j

I am seeking advise on which way to go regarding a old debt (loan) that i seem to have paid (on/off) for years and which i now dispute the balance. Should i go for CCA? Or......

As it was such a long time ago i have no paperwork relating to loan totals and im SO sure that the PPI word was used when arranging these loans... Trouble is i can not remember if PPI was added to my loan or hopefully each individual loan i took out with associates or citi ?? :beer:

I will try and explain my scenario as best i can......

When i was 18/19 years old back in 1998/99 i took out 1, 2 or 3 loans via a company called "The Associates", who had a local office here in Norwich. "The Associates I now believe have been bought out by CitiFinancial, as that is what is stated on the letter (your agreement with) from the dra "1st Credit".

The remaining balance according to a 1stCredit statement is £1220+ and i last paid them on the 16/11/2011 - £10. Original Debt £2303.00
Date Of Agreement 02/02/2000.

Please can anyone point me in the right direction?

If i go the CCA route i still in affect have a debt for a while, but no hassle? Or potentially could there be a PPI claim if Associates/Citi added it without my authorisation, especially if PPI was added to each loan i took. Would i be entitled to a reimbursement on the later and a cleared debt??

Any help appreciated

happy_bunny_2

Hi there, a few questions if I may:

1. Who currently owns the debt?

2. Are they chasing for payment?

3. Does the account/s appear on your credit report?

4. Have you at any point had a period of 6 years without making a payment and acknowledging the debt in writing? If so, likely to be statute barred.

CCAs are a good way to know that if they don't have it or its enforceable, they can't get a CCJ in court. Also good to negotiate full and final reduced settlements if they do not have it.

For anything else, you would need a SAY, cost £10, but on an account that old, might not have a lot.

CCA, SAR may also help with PPI.

NorfolkNelson

Thank you Happy_Bunny for showing interest!!

1. Who currently owns the debt?

The Company chasing me for payment is "1St Credit".

2. Are they chasing for payment?

Yes they are via letters and possibly calls, though i am not answering.

4. Have you at any point had a period of 6 years without making a payment and acknowledging the debt in writing? If so, likely to be statute barred.

I found out about the "statute barred" around a year ago and unfortunately i had made a handful of payments in 2011 to keep them quite. Had not paid for 2 years prior that:mad:..... The last payment/point of contact from me was the last payment i made on the 16/11/2011. I have never written to them. Not statute barred until 16/11/2017??

CCAs are a good way to know that if they don't have it or its enforceable, they can't get a CCJ in court. Also good to negotiate full and final reduced settlements if they do not have it.

Letters are offering 50% discount off £1200, so only £600. But with discounts being offered it sounds like they have nothing on me?? Sounds like a CCA is the best "first move" without admitting my liability? I am assuming the credit agreement/s (CCA) will detail PPI if it exists? Please correct me if i am wrong!!

I signed up to checkmyfile.com a while ago 26/11/2011 and i had a CCJ registered against me 22/02/2006.

As my Natwest basic bank account is overdrawn with charges on top of charges and £600+ overdrawn in 6 months of opening i can not update my checkmyfile.com account. I think this CCJ is a old Water debt and possibly down to £300, although those payments have stopped as im so bogged down in debt............ Please help!!

Thank you for the advice already given, it sounds as though i`m on the right track!