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Who owns my debt? Debt company or original lender
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Crazydennie
Posts: 257 Forumite
If a debt collection agency(MKDP) is named on my CCJ rather than the original loan company(HSBC) does this mean that my debt has been sold to them?
I am paying off the £11k CCJ but want to understand the likely outcome of a PPI claim as i have some missold policies.
I am paying off the £11k CCJ but want to understand the likely outcome of a PPI claim as i have some missold policies.
I'm Ever hopeful!
:j:j:j:j
0
Comments
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More than likley yes, the debts owner will also be registered on your credit file.
Where PPI claims are involved, you would need to complain to the original creditor, as it was them that sold you the financial product in the first place, they would be responsible for dealing with any complaints prior to it been sold.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 -
Thanks for your reply.
The original debts are no longer on my file so i can't see the name of the company. The CCJ's just state a reference and the court, but I've have managed to find a letter stating that the debt was sold.I'm Ever hopeful!:j:j:j:j0
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