EGG loan - Settled with Clarity, now Freds/carter, but owned by Brits

[Huff&Puff]

Back in 2008, before I discovered CAG, I made a Full and Final settlement with Clarity over an Egg loan. I still have all the correspondence and the acceptance letter from Clarity. Then last week, out of the blue, I got this letter from Egg:

 

 

And today I got this from Arrow:

 

 

It will now be well statute barred in any case, so it seems to me that I'm covered any which way. Either they accept the F&F letter, or they don't and it's Stat Barred. Do you think this requires any sort of response at this stage?

[dx100uk]

prob fleeced in the first place on a debt you did not need to settle

 

anything on your CRA?

 

dx

[BRIGADIER2JCS]

When the F&F was made was it stated that the balance must not be sold or assigned after the sttlement

was made, I notice reference to Wetcott were they involved at any time?

If you have all the docs relating I would check carefully on the terms of the settlement.

[BRIGADIER2JCS]

I do wonder if they are trying on with the balance left after the F&F, taking it as a payment that has

restarted the 6 year clock.

[Huff&Puff]

prob fleeced in the first place on a debt you did not need to settle

 

anything on your CRA?

 

dx

 

I probably didn't need to settle. On the other hand, it was for 11%, so I was reasonably happy at the time. Nothing on the CRA.

[Huff&Puff]

When the F&F was made was it stated that the balance must not be sold or assigned after the sttlement

was made, I notice reference to Wetcott were they involved at any time?

If you have all the docs relating I would check carefully on the terms of the settlement.

 

I don't recall whether Wescott were involved. I did a lot of head burying at one stage

 

From the F&F letter:

 

...I am writing to confirm that our client would be willing to accept a payment of £xxx as full and final settlement on the above account

[BRIGADIER2JCS]

For peace of mind perhaps a letter to Westcott stating the F&F

[BRIGADIER2JCS]

In view of the note from the settlement ignore unless something crawls out of the wood work.

[Huff&Puff]

Thanks Brig, I think that's exactly what I'll do. Knowing that I've got those letters in my armoury, I can do a lot of ignoring if they do start chasing it again

[BRIGADIER2JCS]

Your welcome you have done most of the work yourself.

Good luck keep us posted.

Brig.

[Dial Square]

I had the same issue with Citi and Cabot. I sent Citi a formal complaint regarding the undue stress and anxiety that selling this alleged debt had caused due to Cabot harassing me for settlement. I also pointed out their lack of transparency regarding any outstanding balance and that I believed their conduct in accepting a F&F and then selling it on to be misleading unfair and contrary to professional diligence.

 

I have been offered £50 compensation by Citi in response to this complaint and Cabot have confirmed that they will not be contacting me again regarding this matter.

[BRIGADIER2JCS]

10xthat would be mor appropriate IMHO

[Dial Square]

I could have argued for more but to be honest, I just wanted to get rid of Cabot. I know how hard that has been for many people so when I received written confirmation from them this week I was very happy!

[BRIGADIER2JCS]

As long as you are happy it's a victory.

[Dial Square]

Very true. And hopefully, like others on CAG, my experience can help someone else in the same situation which will lead to other victories.

[Bazooka Boo]

I do wonder if they are trying on with the balance left after the F&F, taking it as a payment that has

restarted the 6 year clock.

 

I on the other hand think that they have taken the payment in F&F, then claimed the rest of it through their insurance, and are now being so blatantly rapacious that they are passing round non existent paperwork debts so that the whole sad sorry world of debt buyers & sellers can continue fabricating accounts to show off and willy wave at each other......allegedly!

 

OFT&TS might like to hear of this little ploy!

[unclebulgaria67]

I suspect the letters have been issued in error. They probably did a query on all accounts passed to recovery within a period of time, in order to generate the letters on bulk to all those that may be affected by this change.

 

I doubt you will hear anything more, but if you do you have the info about the F&F to send them.

[BRIGADIER2JCS]

Agreed uncle.

[Bazooka Boo]

Regardless it is a miserable argument that they "may" have issued them in "error" you still need to lodge formal complaints about them to those responsible for regulating them, otherwise people will continue giving them the benefit of the doubt and sit on their laurels hoping it is just an admin error.

[Huff&Puff]

I'm afraid I need to resurrect this old thread. Wescot have now sent me a threatogram demanding payment for the balance after the F&F settlement figure is taken off I notice they have been very careful to obfuscate exactly what the alleged debt is, and who it was originally with too.

 

I'm not sure how to best proceed with this - should I:

 

• Ignore them for a while
  
• Write a snotty letter to Clarity
  
• Write a snotty letter to Wescot
  

Or I'm open to any other iders that my fellow Caggers may have

[BRIGADIER2JCS]

Nice calm but firm formal complaints to both, I

would suggest sending the complaints to the compliance managers

of each company

[dx100uk]

did warn you...

 

is it showing on your cra file?

 

dx

[Huff&Puff]

Thanks for the replies

 

I haven't checked my credit report since last December. It was not showing then.

[BRIGADIER2JCS]

The best advice I can give on this

point is check CRAs at least every

3 months if you have ongoing problems.

[dx100uk]

then you owe nowt!

 

dx