requesting to see copy of signed credit agreement

regularsaver1

wazza24 wrote: »

hi weller thanks for the further info, i had already added that after reading your pm to me earlyer......Thanks again:j

To Regularsaver, the banks would expect, and do hold you to every point of the law. We should expect them to do the same, if they can supply me with the relevent documents then i have no choice but to pay but if not then they are breaking the law by trying to force me to pay......simple:D

to force you to pay??!!! you borrowed the money. jeez

obviously a debt collection request is a bit different, but if you borrowed the money, then you are expected to pay it back - but you are saying to try and get out of it ??

wazza24

dont see the problem Rsaver, firstly, If A COILLECTION AGENCY DO NOT HAVE THE PROPER LEGAL DOCUMENTS. then they should not be harrassing people for money. so yeah if they have the paper work then thats fair enough.

And secondly you need to know abit more about the banking system and how credit works to see where i am coming from on this. only in the last 6 months have i found out about it myself, the whole banking system is a fraud desiged to make the bankers richer and get everyone else into debt. they banks dont actually lend you their money nor do they lend you other savers money, they just make it up out of thin air.

if ya want to look into this research, "Fractional Reserve banking" also check out the money reform party website for some good info. the documentary "debt as money" is also on youtube and google video.

but if you would rather just criticize people then fair enough, go back to sleep and enjoy being a slave to the banks.

regularsaver1

I am not criticising - its more about morale.

I am a customer too and No its more like if i borrow money I know I have to pay it back - I don't try and get out of it.

But yeah I work in a bank too and have done for years so know a bit about it, I am not a slave, I just earn my wage. Does not mean i agree with everything the bank does. So no I would not know about debt collection agencies as not dealt with by me

No one forces you to borrow money though.

In my bank you get a copy of the agreement and we keep a keep a copy in branch and send original to head office. maybe some companies do it differently

wazza24

wazza24 wrote: »

the banks dont actually lend you their money nor do they lend you other savers money, they just make it up out of thin air.

To me theres no morale issue Rsaver, like i said above the banks are the ones with the morale issue, their creating money from nothing and then expecting joe public to pay it back with interest from their labour. Its obvious you havent understood what i am getting at here. so we will just have to agree to disagree. :beer:

regularsaver1

True then we will - its not just joe public - its the person who borrowed it, unless you are on about a company alledging someone borrowed money when they are didn't - then that is different.

jonnyboy35

Hi
I'm in a similar situation.About 7 or so years ago we purchased a car through car finance and couldn't keep up the repayments and it got repossessed a few months later.About 6 months after that we had a letter through the door from a debt collection agency (Thames Credit)requesting over £7,000 left owing on the finance agreement.The car was only worth about £3,000,so we thought as it had been repossessed and sold off,how on earth did they get this sum of money.Anyway,we were alot younger then and after having lots of harassing letters from the debt company,after about a year made a payment plan with them to pay so much per month.Stupidly we never asked for a breakdown of figures,just felt very bullied,were young with young children,and scared of the thought of legal action.However,now a bit older and wiser,the debt is still with us,now owe £6,000 even though this debt has been passed on to another debt collection agency.(Buchanan clark and wells)Being older and reading this forum,we decided to write the letter asking for a copy of the signed agreement,stating credit acts etc,as we felt why should we just pay when we don't know where the amount has come from.
Buchanan clark and wells reply was that as we have been paying the debt slowly off,why has it taken so long to request this and they do not have to give this information out as they do not have it anyway as they are just a debt collection agency.I explained that it was unfair of them to expect us to keep paying without seeing a breakdown in figures as to how they arrived at this figure and their reply was that i am only 1 more warning letter away from court action anyway and they'd get back to me.In other words the next letter from them will be court.They told me to phone Thames credit for a copy of the agreement,but when i did they said one doesn't exist with them as they do not keep copies of agreements as they are a collection agency.
What do i do?Keep paying after i've sent them the letter telling them i'm not paying any more until i get a copy of the agreement and say no more on the matter,or go to court?Or are they bluffing?

wazza24

Hi jonny boy, been away or a few days, so missed your post. To be honest i would stick with the cca request and just ignore any other letters. i am currently within my 12+2 days so havent got as far as you yet but i will be sticking it out if they cant provide the cca.

whats the worst can happen they take you to court and you have to pay the money. Although i have read threads on here about this issue and according to some (whom seem to know what they are talking about) even if they are not the original creditor they still must provide the cca.

jonnyboy35

Wazza24- yep thats exactly what i have done - ignored them totally and am ready to send my next recorded letter to them then wait 30 more days till their times up!
Its amazing the knowledge you pick up on this forum and the power it gives you to fight back against these bullies.After all,knowledge is power!

RAS

jonnyboy35 wrote: »

Buchanan clark and wells reply was that as we have been paying the debt slowly off,why has it taken so long to request this and they do not have to give this information out as they do not have it anyway as they are just a debt collection agency.

I explained that it was unfair of them to expect us to keep paying without seeing a breakdown in figures as to how they arrived at this figure and their reply was that i am only 1 more warning letter away from court action anyway and they'd get back to me.In other words the next letter from them will be court.They told me to phone Thames credit for a copy of the agreement,but when i did they said one doesn't exist with them as they do not keep copies of agreements as they are a collection agency.

What do i do?Keep paying after i've sent them the letter telling them i'm not paying any more until i get a copy of the agreement and say no more on the matter,or go to court?Or are they bluffing?

Jonny

No CCA= no recoverable debt. OK you had the car and got in a mess, but without the CCA, neither Buchanan, thames or even the original finance company can make you pay.

You might find the following saga informative, as kurjam had been paying a very old debt that should have been statute barred.

http://forums.moneysavingexpert.com/showthread.html?t=492738&highlight=kurjam

Buchan can do nothing but nothing until they produce the CCA and it is their legal obligation to provide it.

It is not your responsiblity to try and find it; they should not be pursuing you unless they have it and the letter of assignment on file. Otherwise any Bu8888 can ring anyone and claim that they are owed money without any agreement.

wazza24

Hi all
well i have just received a reply from one of my creditiors (Capquest). Their letter says "please find enclosed the document as requested" but all they have sent me is a copy of the original letter skycard sent me to inform that they had sold my debt to capquest.

i suspect their trying to bluff here and hope that i dont continue further, what do ya's think?

also is the cca the document that i signed when taking out the cred card ?