Lowell / Lucas Credit - Letter before action?

fatbelly

You can (should) request proof

https://debtcamel.co.uk/letter-before-claim-ccj/

NB boxes C and I

LouR

fatbelly said:

You can (should) request proof
NB boxes C and I

On the reply form I will request:

• A copy of the written contract for the alleged debt.
• A copy of the notices of assignment of the alleged debt.

Should I request any other information like a copy of the credit agreement and include £1?

fatbelly

It's a credit card. The contract is the CCA agreement So like the guidance suggests ask for:

a copy of the signed Consumer Credit Act Agreement for the alleged debt; 
a copy of the Default Notice;
a full statement of account, including details of all interest and charges included on the outstanding balance of the alleged debt, explaining how they have been calculated, and any payments already made toward the alleged debt;
a calculation of the interest claimed; the annual or daily rate of interest;
a description of the nature and amount of any administrative charges included in the alleged debt;
a copy of the notices of assignment of the alleged debt.

Don't send a £1 - you are not doing a cca request but you may want to do that if they start a court claim.

You won't get all that but it gives them something to chew on

In the meantime you do need to be taking advice on your debt situation as a whole

LouR

Today 28th April I received a letter dated 23rd April from Overdales Solicitors, and the following:

• Copy of agreement.
• Copy of Notice of Default.
• Copy of statement.
• Copy of notice of assignment.

They also state the following which doesn't really make sense:

Failure to respond within 30 days of the date of this letter in order to avoid a County Court Claim form being issued against you. 

If I don't contact them will they have to send another Letter Before Action or will it be a court claim form? At what point is it too late too negotiate a payment and avoid a CCJ with added interest?

sourcrates

LouR said:

Today 28th April I received a letter dated 23rd April from Overdales Solicitors, and the following:

• Copy of agreement.
• Copy of Notice of Default.
• Copy of statement.
• Copy of notice of assignment.

They also state the following which doesn't really make sense:

Failure to respond within 30 days of the date of this letter in order to avoid a County Court Claim form being issued against you. 

If I don't contact them will they have to send another Letter Before Action or will it be a court claim form? At what point is it too late too negotiate a payment and avoid a CCJ with added interest?

You have 30 days to respond to the LBA otherwise a claim form will be the next step, so you have 30 days to do your negotiating.

LouR

sourcrates said:

You have 30 days to respond to the LBA otherwise a claim form will be the next step, so you have 30 days to do your negotiating.

Assuming this latest correspondence is an extension of the original LBA?

Is there a minimum monthly payment amount/percentage these firms are required to accept as fair or am I wasting my time trying to negotiate a low affordable figure?

sourcrates

It depends on what your budget says, as everyone`s situation is different, its impossible to have a universal minimum amount.

If you choose to agree terms, do so quickly.

Otherwise defend the claim if you believe you have grounds to do so.