Hi, I have one here I could do with help on please. I’ll use ‘Card Provider’ and ‘DCA’ in place of the names of the parties themselves, as well as incorrect values; so as to protect myself from prying eyes.
I had an account with a Card Provider. It had been the subject of a PPI plan, so I knew I was within my rights to question its value. As such, I followed the route of sending the standard letters and then going via the FSA route. The balance – shall we say – was £10,000, of which the FSA latterly found in my favour, and £5,000 was sent back to me by the Card Provider for the mis-sold PPI.
However, before things got to the FSA, the card provider sold my ‘debt’ to a DCA, who are now perusing me for the full £10K value.
Yes, the Card Provider has given me the £5K back; but surely, if the DCA purchased the debt with an incorrectly swollen value?
The DCA, if they continue to push, would surely have to prove that they purchased a ‘debt’ at the wrong value, and are pushing for that same wrong value, which is now made right by virtue of a credit given directly to me in an unrelated transaction by the Card provider?!?!?
Where do I stand?
Oh, and there’s no proper agreement either. But that’s one for another day!
Cheers and thanks in anticipation of any wisdom that can come my way. Appreciated