Welcome Finance debt.

[anney63]

Received from Aktiv so FOS it is now

I cant see any other way of getting payment sent to my friend direct.

I refer to your recent email dated the 13/11/2013 regarding the above referenced account.

A remittance is received from Welcome Finance via a payment file, this is transferred in lump sum and the reference number of your account will be listed with how much has been paid and this is then adjusted on your account with Aktiv Kapital.

I can confirm that the balance has been adjusted in view of the PPI refund at a total of £756.00, this has been deducted from the outstanding balance which now stands at £2,873.65 when previously at £3,629.65.

The deed of assignment is a contract between Aktiv Kapital and the previous creditor, Welcome Finance in this instance. This is a private and legal contract which holds no information relevant to your request and therefore we cannot provide with the purchase figure of this account as a portfolio of accounts is priced as a whole, not individually.

As we are not the original creditor we do not hold the documentation required to suffice your request, this has been ordered from Welcome Finance and will be forwarded to you upon arrival.

If you have any further queries please do not hesitate to contact me.

Kind Regards,

[anney63]

This is still with the ombudsman . Would have thought straightforward but welcome are telling the they bought it back, I have sent a copy of the credit Record. Letter of assignment and loads of other stuff and still not sorted.

[renegadeimp]

They certainly shouldnt have sent your money to the DCA. That money should have gone direct to you.

[anney63]

FOS finally responded after over 2 years.

 

 

I am not happy with the outcome.

This debt was sold to Aktiv in June 2013 .

The redress offer was made in August 2013.

I took the matter of payment to a third party to FOS in October 2012 .

 

 

About a year later FOS called me and asked for copy of CQ as Welcome are going to revisit the redress WHY ???

Yesterday I checked on how the case was going and was shocked FOS have agreed that Welcome can keep the money.

 

 

They have written in the contract between Welcome and Aktiv that they could buy back the debt.

Even though in this case they did not buy back the debt until March 2014 I Find this so unethical.

 

 

I agree the debt is owed but it is very old and at least could have been negotiated .

They also sent £756 charges to Aktiv.

Its all a bit of a shambles.

 

 

Not Happy at all So saying that the money cannot be paid to a third party is not strictly true.

Aktiv owned this debt when the redress offer was made even the credit report showed this.

but Welcome just bought back the debt a good few months after redress was agreed to stop them having to pay.

[renegadeimp]

Was that a decision made by ombudsman or adjudicator. Welcome are known for this

[dx100uk]

sadly the buy back seems a common increasing trend

even other creditors are doing it.

dx

[anney63]

Im not sure I haven't ley them close it off . I asked them tp get a copy of the contract showing that they can buy back. They haven't seen this they are just taking We;lcomes word which I would not . I just have no further place to go