BSBS vs. MotorMile Finance - advice please!

[bigshoes...bigsocks]

Hi

 

Received the letter (below) today from MotorMile Finance regarding a payday loan defaulted in 2009... Your advice is greatly appreciated! (I have a few questions below the letter).

 

 

Dear BSBS,

ACT NOW TO PRESERVE YOUR CREDIT RATING

Our Ref: XXXXXXXX

QuickQuid Payday Loan (debt as signed to Motormile Finance UK Limited)

Debt Value: £XXX.XX

We note that you have not responded to our previous communications

Your continued default will shortly be reported to all 3 major credit reference agencies and this will make it hard for you to obtain credit in the future.

 

The file is now being prepared for a notice of default to be issued and then for a Doorstep Agent visit to your property to try and resolve the matter.

 

 

If you wish to deal with this matter, please contact our office and one of our representatives will happily go through the matter with you to reach a repayment agreement.

 

PLEASE DO NOT IGNORE THIS MATTER AS COSTS AND INTEREST WILL SHORTLY START TO BE ADDED TO THE ACCOUNT BALANCE AND WILL GREATLY INCREASE THE AMOUNT YOU WILL HAVE TO PAY.

 

Please Con tact us NOW on: 01138 876 876. Quoting reference XXXXXXXYours Faithfully,

 

Pre-Visit Collections Dept.

MotorMile Finance UK Ltd.

 

My questions:

1) What's with their wording at teh start of the letter:

QuickQuid Payday Loan (debt as signed to Motormile Finance UK Limited)?

2) How can they threaten to issue a default notice when it's three years since last payment and they arent the OC?

3) Not sure if this is relevant but Fredrickson chased this debt (albeit briefly) in 2010 so it must have reached a default stage in 2010for that to happen?

4) This isn't currently present on any of my credit files - I have a couple of defaults due to expire in three years which would be similar to this if the default was issued at the correct time... certainly not happy about having a new deafult added to my account in2012 when I've been really good these past few years!

5) the visit threat is easy enough and I'll just revoke common law with Shepherd...

6) with regards to costs and interest... this is all smoke and rubbishisnt it as I'm happy to dismiss this as idle threats!?

 

 

Any help much appreciated!

 

Thanks

BSBS.

Edited November 5, 2012 by bigshoes...bigsocks
spelling... & sorry for naughty word!

[dx100uk]

moved to the MM forum

 

plnty of like threads to read here

 

basically ignore them

 

dx

[Stigman]

My questions:

1) What's with their wording at teh start of the letter:

QuickQuid Payday Loan (debt as signed to Motormile Finance UK Limited)?

2) How can they threaten to issue a default notice when it's three years since last payment and they arent the OC?

3) Not sure if this is relevant but Fredrickson chased this debt (albeit briefly) in 2010 so it must have reached a default stage in 2010for that to happen?

4) This isn't currently present on any of my credit files - I have a couple of defaults due to expire in three years which would be similar to this if the default was issued at the correct time... certainly not happy about having a new deafult added to my account in2012 when I've been really good these past few years!

5) the visit threat is easy enough and I'll just revoke common law with Shepherd...

6) with regards to costs and interest... this is all smoke and rubbishisnt it as I'm happy to dismiss this as idle threats!?

 

 

1) Means they have been instructed to collect on behalf of, they do not own the debt.

2) They do not own the debt so cannot, but if they do, you will have to go through the ICO to get them removed.

3) Defaults should be within 6 calender months of the last payment made or when the last payment should have been made.

4) As number 2.

5)

6) Unless this is in the original contract then MotorMile cannot add anything.

 

Stigman

[bigshoes...bigsocks]

Thanks for your replies, will post a draft of what I intend to send for your comments - your help is much appreciated!

 

Does anyone have a valid, working MMF email address for correspondence? Will also send it recorded delivery if people think that's best to deal with these chaps?

[Stigman]

Get yourself a folder as you need a paperwork trail.

 

You can send normal post but get proof of posting, the proof of posting is free via the Post Office counter.

 

If you want to send via email, make sure you request a read receipt.

 

Stigman