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Lloyds TSB
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Well, the ridiculous thing is after filing a claim under PPI with regard to the loan , he has been told by Lloyds they will pay him back £2800! Once he has that sum he is going to see if he can negotiate a full and final settlement around the £3000 figure. I am not sure if Moorcroft will settle for less than 20% but we shall see!0
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Well, the ridiculous thing is after filing a claim under PPI with regard to the loan , he has been told by Lloyds they will pay him back £2800! Once he has that sum he is going to see if he can negotiate a full and final settlement around the £3000 figure. I am not sure if Moorcroft will settle for less than 20% but we shall see!
Are you sure he will get the £2800 rather than them taking it off the money he owes?loose does not rhyme with choose but lose does and is the word you meant to write.0 -
I would try and avoid dealing with Moorcroft if possible, they are a very threatening and unpleasant company. After reading advice on this forum, we did not answer any of Moorcroft's calls or letters and they eventually returned the debt to Natwest, who were willing to do a deal.:happylove0
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Thistle-down wrote: »I would try and avoid dealing with Moorcroft if possible, they are a very threatening and unpleasant company. After reading advice on this forum, we did not answer any of Moorcroft's calls or letters and they eventually returned the debt to Natwest, who were willing to do a deal.
As long as the debt still belongs o the original creditor, then you can ignore the debt collector completely, should you wish to, once they get fed up, they soon return these accounts.
Then you can negotiate with the original creditor, which some people prefer to do.
Its only when said DCA has actually bought the debt, that you need to deal with them directly.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 -
I don't know if Moorcroft have bought the debt. He says he had a letter of "re-assignment"? Would it be better dealing with LLoyds/TSB?0
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Sorry, just seen the letter. Is says that Lloyds TSB have appointed Moorcroft as a DCA, so I assume Moorcroft have not bought the debt?0
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Sorry, just seen the letter. Is says that Lloyds TSB have appointed Moorcroft as a DCA, so I assume Moorcroft have not bought the debt?
That's correct, they are only acting for Lloyds.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 -
Is it best then to deal with Lloyds? Do you think they will settle for a lesser amount?0
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Is it best then to deal with Lloyds? Do you think they will settle for a lesser amount?
Anyone's guess, most creditors will do some kind of deal.
You would get a better offer of reduction if the debt had been sold on, and passed around a few times.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 -
As this is a debt that is now over 12 years since it started, with no payments they might be amenable, will draft a letter for him to send and see what they say.0
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