WESCOT CREDIT SERVICES Ltd DCA

Cjhooker

Hi all,

I had a default on loan and overdraft with LLoyds Bank in 2006, around £11000 was passed to Allied DCA i payed £40 a month until 2012 when Wescot took on the account, I have been paying £40 a month ever since.  i now owe £3729. I just spoke to Wescot, they have sent the odd letter over the years but this is the first time I've spoken to them. They said they are  still working on behalf of lloyds and haven't 'Bought' the debt.

i have asked them to go back to LLyods and see what they can offer as a settlement.

firstly I'm surprised they are working on behalf of lloyds I thought they would have bought the debt?

I've paid nearly £8000 back, i'm sure Lloyds would of settled for that?

 Its 16 years old this debt, i want it gone! i should of Stature Barred it after 6 years!

can any one give me advice on how to write this off? i feel I've paid my debt, I've paid £40 a month for 16 years never missing a payment!

I know from other threads people have said ' ignore it, they cant chase you for it', but that is not an option for me, i don't want that stress! and I'm worried that they say they are still working on behalf of LLoyds and that Lloyds could take on the debt again at any time.

I now have a great credit score and i don't want anything bad appearing on it!

 

Cheers Guys!

sourcrates

Hi,

Wescot no longer buy debts, they just act on behalf of their clients, as you have been paying the debt, its not going to go statute barred anytime soon, and as such can be pursued through the courts regardless of its age.

Lloyds still own the debt, you could try making a settlement offer to them, or better still, ask for the CCA, atter 16 years, and the fact they have combined the debt with your old current account, its unlikely compliant paperwork could be produced -

https://debtcamel.co.uk/ask-cca-agreement-for-debt/

The"ignore it" link you have posted refers to private parking tickets, which has nothing whatsoever to do with a consumer credit act debt.

If the debt defaulted more than 6 years ago, its gone from your file forever, nothing you do can bring it back.

Cjhooker

thankyou so much for your response, I will ask for the CCA. if they produce it I will make a low settlement offer. having already paid off £8000 of an £11,000 debt what do you think I can offer to pay the rest off?
cheers

sourcrates

General advice is to start at 30% of outstanding debt, you can always increase your offer.

poppasmurf_bewdley

Technically, overdrafts are not covered by CCA, but if they can't produce the CCA then they can't tell if it was for an overdraft.

fatbelly

It was an overdraft and loan so there should be a cca agreement on the loan.

It sounds like the loan was pre-2007 so irredeemable unenforceability (s127(3)cca) applies if there's no signed agreement.

https://lawzone.legal/when-is-a-credit-agreement-unenforceable/
  

Cjhooker

Thanks so much guys, I really want this gone now, it's been 16 year !! I'll keep you posted. 

Cjhooker

so I have had a response from Wecot, they have asked llyods for the CCA agreement for the loan but , like you say, there is no agreement for the current account, I have stopped my direct debit until I get a response. if they find the agreement for the loan will they be able to enforce the debt for all of it or just the loan? will the current account debt be written off?
I have already offered a token amount as a final and full settlement, Wecot are waiting for LLoyds response but have advised me that it would only be recorded as a partial settlement. Im right in saying that nothing will be recorded on my credit file as its over 6 years old?

cheers


 

sourcrates

If they have clumped both debts together, they will be unenforcable as any agreement will only cover the loan, and will not be applicable to a debt cobbled together from two other debts.

Cjhooker

hi ,

just an up date , I'm sure your advice will remain the same but just to check.

it looks like Wetcloths have found the cca on the loan (see attached letter) 

does this change anything in regards to being chased for the debt?

also, on the second photo from a different  letter (received a couple of weeks ago) the amounts circled in green don't add up? any ideas why? I could call them but I don't really want to contact them at the moment.

cheers again guys, I do really appreciate your responses.

poppasmurf_bewdley

I notice you have the optional loan protection.  Have you claimed this back?