Prove It Letter Reply

mart3ndo

Hi, I used the prove it letter that stickied to this forum for a debt that was being chased by Lowell group, I got a reply, but I'm not sure if the reply actually tells me anything new.

Any help from the community would be appreciated.

Tixy

Have they or HBOS ever supplied you with a notice of assignment?

Do you have an outstanding debt with an HBOS bank account that you are aware of?

mart3ndo

I did, I dont have it on me but, so I dont know the exact wording

sourcrates

Hi,

Ask them to provide the following :

(1) Deed of Assignment (NOT Notice of Assignment)

(2) and Deed of Novation

chances are they wont be able to. A Deed of Novation is used where one party transfers its rights and obligations under a contract to another party. A novation usually happens when the seller of a business transfers the contracts with his customers to the buyer. The consent of all three parties - the transferee, the transferor and the other contracting party - is required to effect the novation.
Same applies to buying and selling of debts, effectively Lowells paid off your debt when they bought it from HSBC, so you don't owe them anything, as you never had a contract with lowells in the first place.