Moorcroft Settlement Offer Letter

zangse

Just_Di wrote: »

Just to clarify, you send a CCA Request to Arrow (current debt owner of your ex-Virgin money credit card). You can send a copy of your request to Moorcroft to keep them in the loop since they have put forward the settlement offer (45 days to accept/decline/negotiate?).

I would expect Arrow to respond with a letter which says they "don't envisage" themselves as the owner of the debt but will ask the original creditor for the documentation. They will probably return your £1 postal order. At least this is how they normally react.

They may even say that the account will be put on hold and that the debt will be unenforceable until they comply with your request (possibly in a second letter 14 working days later which is the statutory timeframe for compliance).

What is the situation with your Barclarcard debt? Is that still with Barclaycard or has it been assigned/sold to a debt purchaser, or is it being managed by a Debt Collection Agency on their (Barclaycard) behalf?

I ask because a CCA Request should always be sent to the current owner of the debt since they are the only entity bound by the legislation.

I hope I've made sense

Di

My Barclaycard credit card was opened in 2002 and defaulted in 2016. It was then assigned to Link Financial in 2016 so that means I should send my CCA to Link Financial?

and yes that makes perfect sense, with the moorcroft, I do have 45 days to setlle/respond, so I have plenty of time to sort things out.

Just_Di

zangse wrote: »

My Barclaycard credit card was opened in 2002 and defaulted in 2016. It was then assigned to Link Financial in 2016 so that means I should send my CCA to Link Financial?

Yes, your CCA Request should be sent to Link Financial if they now own the debt.

Di