Lowell Purchase HBOS Overdraft

[bdcarr]

Afternoon CAGS,

 

Following your excellent advice with HFO which resulted in no action, I have a final one.

 

Took out a Halifax loan many moons ago for around 10k, paid it until it got down to 5k and then due to the usual changes in circumstances have been paying Westcotts up until recently 15 quid a month and same on a small overdraft of £600.

 

Now my credit report has just notified me that this has defaulted today. So expect one of the Debt agencies will be in touch and was wondering what advise or steps I can take.

 

As its defaulted now, can I offer a settlement of a fraction of the debts?

 

Any help will be appreciated

Edited May 6, 2011 by bdcarr

[Bazooka Boo]

Afternoon guests!

 

This will have been defaulted when you started making reduced payments?

Have you checked that wetcloths have the right to collect on this?

[bdcarr]

Westcotts havent been in touch, they have left me alone so obviously didnt like my small payments and have sold it on with a default.

[Bazooka Boo]

I don't understand, how can you have been paying wetcloths if they haven't been in touch?

It would have been defaulted when Halcr@ps had it, then passed it to wetcloths?

[bdcarr]

They were in touch some 2 years ago but havent been in touch since.

 

Havent checked the details to be honest but have noticed they pay direct to Halifax as my online account is active and shows credits.

[Bazooka Boo]

The account would have been defaulted with Halicr@ps when you failed to keep to the original agreement and started paying reduced amounts to their tame 3rd party DCA.

 

So I don't understand why Wetcloths have only just entered a default on your CRF? This cannot be the case, the first default on your CRF would have shown Halicr@ps when you first defaulted, then when they passed it to Wetcloths to chase, the name would have changed to theirs.

[bdcarr]

Morning CAG,

 

I can only but assume that HBOS have sold on debt recently as received a letter regarding from Capquest stating they have bought the debt etc etc

 

This loan had no payments made from 2006 to HBOS.

 

However Westcott contacted me in 2008 and did make £5 per month up until march 2011

 

Any advice would be appreciated

 

As Westcott was being paiid, does this reset the clock for SB

[bdcarr]

Hi CAG,

 

Received two letters within 24hrs regarding HBOS debt that was last paid in 2006/7. I recall my Credit Report and it reflected Aug 2013 was SB date.

 

However I did make token payments to Westcott, does this upset the apple cart.

 

Also Lowell state purchased direct from HBOS and have received various letters from the usual Debt Companies and buried head in sand.

[fkofilee]

In the words of the ever so hot Daniel Bryan

 

"Yes! Yes! Yes!"

 

Making any sort if payment means you ave acknowledged the debt and sadly it means the SB clock has been reset. (Unless its CCA / SARS request which you put on the back of the cheque no to be aligned to any debt)

Can we have more info?

[dx100uk]

well if you've paid wetcloths within the last 6yrs then yes

it resets the SB clock

 

what does a current cra file say is the default date etc

 

tell us the full history please

 

dx

[dx100uk]

3 threads on same debt merged

 

please keep to one thread per debt

 

dx

[bdcarr]

Thanks for merging DX100UK

 

history:

 

My credit file report showed no payments to HBOS from Aug 2007.

 

Westcott hounded me down and made the mistake of agreeing to pay them a token amount. When things got tight i stopped in 2011.

 

I never approached Westcotts to check if they had a right or sent any forms. Just made payment on the ref they gave me.

 

Now Lowell & Capquest say they have bought the debt from HBOS and have the right to chase me down.

[bdcarr]

Attachments of letters

Edited July 23, 2013 by bdcarr

[Bazooka Boo]

Sorry they're unreadable and too small, you need to upload them as PDF, and you also need to blank out ALL identifiers, bar codes, ref numbers etc, and NOT with a pen, open the document in MS Paint and erase them in their first.

[bdcarr]

Checked Credit Report and nothing on for either of these debts.

 

Plus a credit rating of 980

 

I can see many searches unrecorded from LOWELL Portfolio 1 Limited

[dx100uk]

so certainly the default is more than6yrs and has dropped the account off

 

how much of this debt is penalty charges?

[bdcarr]

Nothing on the profile, zilch!

 

It doesnt show anywhere.

[bdcarr]

I have no idea what is penalty but most would be interest and capital.

 

The overdraft was under 700 and a lot of penalty and the loan originally was 10k but is now sub 5k.

 

As its not on my credit profile whats next steps?

[dx100uk]

poss sar them [HBOS]?

 

dx