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You could send a request for information (CCA request) under section 77/79 consumer credit act, as the original creditor has gone bust its extreamly unlikey the debt purchasor will be able to produce compliant paperwork, thus rendering the account unenforcable.
Welcomes loan books were all sold, the new owners may not have been so keen to keep all the legal paperwork.
Info here :
https://www.nationaldebtline.org/EW/sampleletters/Pages/Information-about-your-agreement-under-the-Consumer-Credit-Act-%28sole-name%29.aspxI’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thank you so much sourcrates. I will try that. I'll get it sent off tomorrow. Fingers crossed they don't have it.0
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Hi all. I have sent the letter requesting a signed credit agreement which they have said they have sent. Which makes me believe they do in fact have this. If so. Do I just make a settlement offer and pay it so it goes away? What's an offer that is acceptable?0
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BlueManc10 wrote: »Hi all. I have sent the letter requesting a signed credit agreement which they have said they have sent. Which makes me believe they do in fact have this. If so. Do I just make a settlement offer and pay it so it goes away? What's an offer that is acceptable?
Wait and see what they send you first.
Companies try to fob you off with all kinds of rubbish purporting to be a compliant credit agreement, when in reality it is far from it.
Post back when you receive it.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
I've not received a signed credit agreement as yet. Just three separate copies of my statements. But no agreement. I'm going to call them today and again request this.0
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Just to update on this. They have sent the credit agreement. There's 6 months until statute barred. And they are constantly sending letters so I've finally admitted defeat and set up a payment plan whereby I pay the debt back over 12 months. Interestingly still no sign of it on any credit report. Which seems bizarre. That said I feel I was hasty in setting up the payment plan and perhaps should've gone for a settlement figure first? Guessing it's too late for that now?0
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