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I dont have a credit agreement with them but can they enforce this?
Yes. Your debt can be transferred between banks the credit collection companies and it wont be statute barred as it was only a few years ago.My credit report is now in red becoz of Asset Link Capital.
No. It is because you failed to pay your debts.What can i do or can i stop this transfer.
Nothing. Its not present tense but past tense. It has happened. It is normal activity.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
i have sent the ppi claim waiting for the response now. Thx guys for your help. I have just received a letter from barclaycard saying they have now closed the account and they have transferred the account to a company called Asset Link Capital. And i have just checked my credit file and the Asset Link Capital have added a default on my account with 2014 date. I dont have a credit agreement with them but can they enforce this? My credit report is now in red becoz of Asset Link Capital. What can i do or can i stop this transfer. Thx
If Barclays have sold the debt on then this other firm will collect the date. When did you default on your account? Is the default date incorrect? If Barclays sold the debt on then your debt is with this new company, all perfectly legitimate as the debt is current (not statute barred until 6 years from the default or when you last paid)Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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i had an agreement to pay monthly with no interest since 2011 i have never missed a payment since. On my credit file with barclays it shows AP no default. Now there is a new agreement with Asset Link and it shows default 2014.0
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i had an agreement to pay monthly with no interest since 2011 i have never missed a payment since. On my credit file with barclays it shows AP no default. Now there is a new agreement with Asset Link and it shows default 2014.
With this you need to complain to the company formally (in writing, get proof of posting from the PO for free) - the default must be the original date, they cannot change the default date to 2014 if you originally defaulted in 2011
Post here for more advice:
http://forums.moneysavingexpert.com/forumdisplay.php?f=257Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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magpiecottage wrote: »On a credit card? I don't think so.
I replied to the statement belowI was told that if i don't add ppi i wont be able to get the loan.Non me fac calcitrare tuum culi0 -
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Well, I should have read the original posts a bit more carefully, but there you go, who knew you needed PPI on loan for a credit card?
I'm having a mind boggle moment......Non me fac calcitrare tuum culi0
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