selling debts

twhitehousescat

when a debt is "sold" to lowels etc , is there a time limit in which you should be told , what paperwork should you receive , and from who

this is in relation to an ongoing fiasco with eon

[Deleted User]

No. Just post in your existing thread.

You’re not due any more compensation

https://forums.moneysavingexpert.com/discussion/5884390/eon-lowell-ombudsman-update

twhitehousescat

that was not the question asked, the question was, ( to make it more clearer )

is the seller and also the buyer of debts obliged by CSA rules to inform the person of the sale and if so , is there a time frame they should adhere to , also what paperwork should be forwarded

[Deleted User]

No they’re not obliged to.

And if they were they would send it to the address they have on record for you (I.e the last known address on your account)

twhitehousescat

I am struggling to find legislation or lack of

however I would think that "selling" is close to "assign" , and this comment stood out

Glossary
Legal assignment
The usual way of assigning the benefit of any debt or other legal thing in action under section 136 of the Law of Property Act 1925. Under that section, the basic requirements for a legal assignment are as follows:
Only the benefit of an agreement may be assigned.
The assignment must be absolute.
The rights to be assigned must be wholly ascertainable and must not relate to part only of a debt.
The assignment must be in writing and signed under hand by the assignor.
Notice of the assignment must be received by the other party or parties for the assignment to take effect.

so far I have only received this info from one part and with a 3 mth delay after the sale or assignment

PS they did have the correct address , the correct / new address is on file

[Deleted User]

It's all in order as you've received the notice of assignment. Nothing to worry about.

twhitehousescat

Deleted_User wrote: »

It's all in order as you've received the notice of assignment. Nothing to worry about.

should sa notice of sale AND a notice of purchase not be sent? , and within a timeframe

[Deleted User]

In your other post, you said you had a letter from both, in the same envelope.

Forget the timeframe.

twhitehousescat

I have only received ONE letter , paper heading is eon dated 19/08/2018 stating debt was sold on 24/05/2018 , this states to contact lowell , nothing had been received from lowell in the preceding (almost) 3 mths

[Deleted User]

Does this relate to a different debt?

twhitehousescat wrote: »

just received a letter (supposedly) from eon along with a letter from lowell (same envelope)

[Deleted User]

I had the same a year or so ago with British Gas.

A letter from BG and Lowell received in June stating the debt had been sold to Lowell in December of the previous year.

Fortunately it was for a bill that was paid but not updated on BG’s systems for whatever reason and I had to show them a bank statement to show the bill was paid.

All traces removed from my credit files and compensation cheques from both BG and Lowell were received - not that I asked for either but there we go