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Advice on Loan
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Hi all, Took out a secured loan in 2006 with HFC Bank for 15 years £20.300 to clear all debts. I have just found out from paperwork that the Loan is now with Moorgate loan servicing for and on behalf of Sancopia Portfolios. Just wondering why HFC Bank would pass this loan on to another company as all the payments are up to date. Does any one think I should ask for a CCA ?
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Hi all, Took out a secured loan in 2006 with HFC Bank for 15 years £20.300 to clear all debts. I have just found out from paperwork that the Loan is now with Moorgate loan servicing for and on behalf of Sancopia Portfolios. Just wondering why HFC Bank would pass this loan on to another company as all the payments are up to date. Does any one think I should ask for a CCA ?
Sometimes accounts are sold on regardless of payment history.
Experiance has taught me that secured lenders tend to pay far more attention to paperwork issues than unsecured lenders do.
Sometimes accounts just get passed around without the debtor having done anything wrong.
Your terms and conditions should not change as a result of this, I would just carry on as you are !!I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Cheers Sourcrates you are a legend on here.0
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