!Fighting litigation brought by xxxx Financial - !Advice sought

[future_81]

I'm fighting a litigation brought by xxx Financial Ltd. They say in the Statement ".....The principal activity of the Group is the purchase and recovery of debt. The Group does not currently offer credit or lend money to consumers and therefore does not require licensing by the Office of Fair Trading pursuant to the Consumer Credit Act 1974". They also say further on to say "...the Claimant has not applied interest to the account since the date the account was assigned to the Claimant". Yet further on they say in respect of another account in the same case "....the Claimant has applied interest to the account at the rate of 12% from the date the account was assigned to the Claimant".

I'd be most grateful if any members could comment on the apparent contradiction and what this might mean in a legal context please. Many thanks in advance.

[Rooster-UK]

Start your own thread in the Debt Forum....

 

http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/

 

Post all the details there, including the NAME of the company.

 

Regards, Rooster.