Lloyds passed debt to PRA Group

timetosortthings

Hi

Wonder if anyone could offer clarity on an old Lloyd's TSB Loan debt (2006)

Over the years the debt has gone via various debt management companies all of which requesting payments be made, but of late (say about 3-4 years) when I would forward my step change income and expenditure report. They would say they could not accept any offer even a £1 because I could clearly not afford it.

Every time saying they'll seek guidance from the client, after which a few months would go by and some new debt company would then contact me and the same would happen over and over again.

Then all of a sudden the merry-go-round stopped and I had a call from Lloyd's direct, I explained my circumstances and about how I have been passed around debt management companies, as well as verbally requesting proof of debt. I was then told to wait and they would get back to me.

For 5/6 months I never heard anything, then I got a letter from PRA group saying they had recently purchased the outstanding debt balance and that the title and interest of the debt is assigned to PRA Group.

A month later I got another letter advising that the first letter was printed on the wrong letterhead, and that the second letter replaces the first.

Then I got a phone call from PRA Group asking me to pay up, I advised that I was still awaiting from my last verbal communication many months ago with Lloyd's for proof of debt and never receiving anything.

I was then told they would undertake a internal request and the account will be put on indefinite hold until the documents are produced.

3 more months have gone by and I haven't heard anything and therefore wonder if this is something which will go away or weather someone will come knocking on the door.

Can anyone offer any clarity of what they may think of this situation in particular how PRA Group operate? Part of the reason for asking is I never heard from Lloyd's but got PRA Group and Lloyd's letters in the same envelope. So unsure if PRA Group own the debt or its really still with Lloyd's? Or is PRA Group actually Lloyd's?

Also the second Lloyds letter mentions it has assigned all respective rights to PRA Group, then later in the letter says that PRA Group has been appointed by Lloyd's to manage the account - so very confused

thanks in advance

sourcrates

Hi,

How long since you've paid anything to this debt ?

If six years or more, then it could be statute barred.

timetosortthings

Hi

Last payment was in Jan 13 for a £1

sourcrates

timetosortthings wrote: »

Hi

Last payment was in Jan 13 for a £1

Ok, so not statute barred then, it looks like Lloyds have assigned all rights to PRA group, that's basically what the letter is telling you.

I would send a CCA request to PRA group first off, let them know which mast you have your colours nailed too.

That should keep them quiet for a few months, and they may not be able to produce the required paperwork from 2006.

https://www.nationaldebtline.org/EW/sampleletters/Pages/Information-about-your-agreement-under-the-Consumer-Credit-Act-%28sole-name%29.aspx

timetosortthings

Thanks - I'll send a CCA request off