very old debt

anna_1977

Just an update and maybe some advice. I've received a letter from Lloyds confirming that the hold no record of the loan being in my name.
I am going to pursue reclaiming what I have paid - I have nothing to lose by doing this and potentially thousands to gain.
Does anyone have experience of doing this, should I write to Lloyds Complaints department or the FCO?

sourcrates

anna_m wrote: »

Just an update and maybe some advice. I've received a letter from Lloyds confirming that the hold no record of the loan being in my name.
I am going to pursue reclaiming what I have paid - I have nothing to lose by doing this and potentially thousands to gain.
Does anyone have experience of doing this, should I write to Lloyds Complaints department or the FCO?

Written complaint to lloyds, they then have 8 weeks to give you a final responce.
If your not happy, take it to the FOS (financial ombudsman service).

anna_1977

HI,
Well after months of nothing I have received a letter from Link Financial today

"We wish to apologise for our delay in supplying the requested documents in regards to your previous Secion 77/78 request.

We write further to your request for account documentation. Unfortunately the original creditor Lloyds Banking Group has confirmed that they are unable to comply with your request.

Although the account is currently unenforceable the outstanding balance remains collectable and it is acceptable for creditors to register and continue the reporting of a default '

Can someone please advise ?

Many thanks

pappa_golf

and it is acceptable for creditors to register and continue the reporting of a default '

on WHOs credit file , its not on your so why worry

anna_1977

pappa_golf wrote: »

and it is acceptable for creditors to register and continue the reporting of a default '

on WHOs credit file , its not on your so why worry

It's not on my file due to age but i honestly can't remember if it did default, I'm sure lloyds would have defaulted it years ago though!

poppasmurf_bewdley

anna_1977 wrote: »

HI,
Well after months of nothing I have received a letter from Link Financial today

"We wish to apologise for our delay in supplying the requested documents in regards to your previous Secion 77/78 request.

We write further to your request for account documentation. Unfortunately the original creditor Lloyds Banking Group has confirmed that they are unable to comply with your request.

Although the account is currently unenforceable the outstanding balance remains collectable and it is acceptable for creditors to register and continue the reporting of a default '

Can someone please advise ?

Many thanks

They have basically admitted they are up the proverbial creek without a paddle. They have a told you the debt is unenforceable but in legality it is still due, which it is.

So you can confidently ignore it from now on.

They cannot put another default on your credit file if it has previously been defaulted.

So rest easy. You have won. Congratulations.

fermi

anna_1977 wrote: »

Can someone please advise ?

Translation - "We are completely stuffed, but please pay us anyway!"

anna_1977

Sorry to reopen the thread but Link are writing to me again.

Is there anyway I can stop these letters?

poppasmurf_bewdley

anna_1977 wrote: »

Sorry to reopen the thread but Link are writing to me again.

Is there anyway I can stop these letters?

As has been said previously, although you don't have to pay this debt, it is still outstanding, and the debt company is within its rights to contact you.

However, if you consider the letters are becoming a harassment, then you could write and inform them that you consider them so and if they persist, you will make a complaint to the appropriate authority.

D_M_E

If Lloyds wrote to you confirming that they have no record of the loan being in your name - you kept that letter, yes? - then I would have sent a copy of that letter to Link along with a demand for the refund of any and all monies paid to them in respect of the account.

Also, did you do as Sourcrates suggested and send written complaint to Link and escalate to FOS after 8 weeks of no satisfactory response?