Link Outsourcing and Co-operative Bank

[Deleted User]

They also seem to be posting with similar words and mannerisms of A.N.Other poster who shan’t be named

antrobus

jdoe58677 wrote: »

Boo_star

Are you saying the law and decisions of British judges are not moral or ethically sound?

John

Until the matter gets to court who can say?

In any event you still haven't explained why you think that Link Financial Outsourcing are "not acting legally".

Leave morals and ethics to one side for the moment and address that point.

boo_star

jdoe58677 wrote: »

Boo_star

Are you saying the law and decisions of British judges are not moral or ethically sound?

John

Judges make decisions based on the law or their interpretation of it, not morals or ethics. But I didn't say what you're claiming.

Kentish_Dave

Deleted_User wrote: »

There's no law, rule or regulation that made them write off the debts. It's a commercial decision.

The debts will be unenforceable from default or last acknowledgement. What do your files show?

You also need to be specific about the GDPR breach.

This is not correct, default does not make a debt unenforceable, there is a six year period that needs to happen first.

[Deleted User]

True. I missed a few words there, didn't I!

JamesA999

Zx81,

From your post "There's no law, rule or regulation that made them write off the debts. It's a commercial decision.

The debts will be unenforceable from default or last acknowledgement. What do your files show?

You also need to be specific about the GDPR breach."

What words did you miss out?

Would they help me to have Link Financial Outsourcing stop chasing me and reporting the data to CRA's in the circumstances where all other of 11 accounts defaulted in 2016 have by the original lender had the CIAS/Insight/SHARE data taken down.

The other debts and the actions taken were all after one phone call to the collection company who traced me to a homeless hostel and I called up and explained my situation.

As it is my understanding of the FCA rules and regs on debt collection that it is done day by day and when it becomes clear that it is just not appropriate to continue you stop and write it off.

You don't hope that within 5 years their situation might improve so we can go back for another go.

Their Mr Hanson is not half handy with the Transunion database "Retriever Information" as is "halletkr" "Mr McLaughlin" and "briancr"

Regards


James

boo_star

JamesA999 wrote: »

Zx81,

From your post "There's no law, rule or regulation that made them write off the debts. It's a commercial decision.

The debts will be unenforceable from default or last acknowledgement. What do your files show?

You also need to be specific about the GDPR breach."

What words did you miss out?

Would they help me to have Link Financial Outsourcing stop chasing me and reporting the data to CRA's in the circumstances where all other of 11 accounts defaulted in 2016 have by the original lender had the CIAS/Insight/SHARE data taken down.

The other debts and the actions taken were all after one phone call to the collection company who traced me to a homeless hostel and I called up and explained my situation.

As it is my understanding of the FCA rules and regs on debt collection that it is done day by day and when it becomes clear that it is just not appropriate to continue you stop and write it off.

You don't hope that within 5 years their situation might improve so we can go back for another go.

Their Mr Hanson is not half handy with the Transunion database "Retriever Information" as is "halletkr" "Mr McLaughlin" and "briancr"

Regards


James

What he meant to say was "unenforceable 6 years from default or last cause of action."

And you need to cite this alleged "FCA rule." I suspect either it doesn't exist or you've misinterpreted it.

JamesA999

Boo_star,

You wont be covertly saying to Zx81 "dont say another word on the subject as the CSA will recind our membership"

I will take a look at the FCA database.

Regards


James

sourcrates

The OP is refering to the FCA handbook, specifically :

CONC 7.3 Treatment of customers in default or arrears (inc repossessions) lenders, owners and debt collectors :


https://www.handbook.fca.org.uk/handbook/CONC/7/?view=chapter


There is no provision contained within the FCA handbook that states a creditor must write off a debt if the customer cannot pay it.

That would be a commercial decision the company would take, based on your personal circumstances, and the liklihood of getting any money out of you.

If the FCA had such a rule, then no one would repay their debts would they, it would be buisness suicide for the lenders.

JamesA999

Boo_star,

You are not trying to Zx81 covertly "don't say another word or the CSA will recind our membership"?

I will check the FCA's database of published documents et cetera and get back to you.

Regards

James