A&L cc help please

PaulW922

Poppops wrote: »

Thanks very much.

Who has liability in a successful PPI claim do you think? A&L or MBNA?

In your case it will be MBNA, as that is who your account is with. Your credit card account and all liabilities were transferred by A&L to MBNA. (In fact it may always have been MBNA but with an A&L brand on it)

Confusion sometimes arise in the case of bad debt, where a card issuer sells its rights to the debt to another company. When this happens, the debt purchase company buys the right to collect the debt but the obligations stay with the initial card issuer. However that is not the case here.

happy_bunny_2

Or in my case, MBNA rejected my claim, said I could have cancelled when MBNA took over the account and said its Santanders fault, as they own the A and L business the card was taken out with, so the miselling complaint needs to be made to them. They said I Also met the criteria for PPI as I was alive and under 70....

Right mess that will need FOS involvement to sort...

BobQ

Poppops wrote: »

No. I haven't changed my address or email or telephone number. But surely if my credit report is showing all the payments I've made, then the £456 which it states is outstanding is all I have left to pay?

The point is that if you owed about £11k a few years ago and have only repaid £10.5K up to this point, then they appear not to have been charging interest on the credit line you had. It appears that they could not find the paperwork so opted to allow you to just pay off the outstanding amount without interest.

Unless they have since found the missing agreement I suspect that all they could do was sue you for the outstanding amount which, since you were already repaying on some form of informal voluntary agreement, there was no point doing.

On the face of it you appear to only owe £456 so yes pay it off and then confirm with them that the account is now closed with no more to pay.

If you were paying PPI why did you not claim under it? Have you no statements from the account at all. You surely had one showing the balance was £11K, in which case did it show any PPI payment?

Personally I would be wary of asking them about PPI. You clearly may have something to gain by doing so but if you had it and did not claim surely there would be a claim period by which you must have claimed it. Of course if they find evidence of you applying for PPI then they might find the credit agreement.

You have got an £11k loan over four years at no interest, so it might be worth letting sleeping dogs lie?

happy_bunny_2

BobQ wrote: »

The point is that if you owed about £11k a few years ago and have only repaid £10.5K up to this point, then they appear not to have been charging interest on the credit line you had. It appears that they could not find the paperwork so opted to allow you to just pay off the outstanding amount without interest.

Unless they have since found the missing agreement I suspect that all they could do was sue you for the outstanding amount which, since you were already repaying on some form of informal voluntary agreement, there was no point doing.

On the face of it you appear to only owe £456 so yes pay it off and then confirm with them that the account is now closed with no more to pay.

If you were paying PPI why did you not claim under it? Have you no statements from the account at all. You surely had one showing the balance was £11K, in which case did it show any PPI payment?

Personally I would be wary of asking them about PPI. You clearly may have something to gain by doing so but if you had it and did not claim surely there would be a claim period by which you must have claimed it. Of course if they find evidence of you applying for PPI then they might find the credit agreement.

You have got an £11k loan over four years at no interest, so it might be worth letting sleeping dogs lie?

Good point, but banks never admit to not having a credit agreement unless they are sure...as admitting that means they will never get their money, in some cases, mine being one.

Poppops

Yeah my question about PPI was off the cuff really. I'm definitely just going to pay the £456 and leave it at that. I won't push my luck.


Thanks to all

planteria

Poppops wrote: »

Yeah my question about PPI was off the cuff really. I'm definitely just going to pay the £456 and leave it at that. I won't push my luck.


Thanks to all

i dont think i would, but good luck to you. A&L doesn't exist any more, of course.