LLoyds selling dept

[Briants]

Hello Can you help with advice.

 

In around 1992 myself and a girlfriend bought a flat with a mortgage through Cheltenham and Gloucester building soc.

 

She left and disapeared leaving me unable to keep up payments on the Mortgage.

 

I handed the key's back to them.

 

I agreed a payment plan with them in around 1994/5.

 

The Cheltenham and Gloucester was taken over by LLoyds, and so my debt was taken over by them.

 

I have received a letter telling me my debt has been sold to a Debt collecting Solicitors.

 

I have been paying Lloyds for all those years and am told I still owe over £6k.

 

A few people have told me Lloyds are a bit dodgy at keeping documents.

 

They also seemed to take a long time to resell the property

and by the looks of it for almost no Value.

 

Can you give me advice.

[rebel11]

Hi Briants

 

Welcome to CAG

 

The guys will advise as soon as they are available,

[dx100uk]

C&G still exist...

so why have you been paying LLoyds

and now they've sold the debt?

 

they don't sell on mortgages as a rule

 

are you sure this is not a secured loan?

 

whose the debt buyer?

 

 

what paperwork do you have?

 

dx

[oleg]

As you correctly stated, Lloyds took over C and G , and they do indeed sell on non performing mortgages, but not usually to solicitors.

Are you sure it's been sold - you would have received a notice of assignment from the new owner - or has it just been sent to Lloyds own internal solicitors S C M, to chase?

If assigned, to whom?

And have you been paying all these years? You've probably repaid several times over.

[Briants]

Thanks for the reply guys. Have now received a letter from Drydensfairfax saying they have been instructed by Lloyds to manage my account. I have also have a letter from LLoyds saying they have instructed Drydenfairfax to recover the outstanding balance due to 'a process change within the bank. Have also found LLoyds have put ' Partial settlement' on my credit record, which is ruddy annoying as I had a good record. The letter from Drydenfairfax has the adress of the original property but the wrong postcode.

[oleg]

So your account has not been sold. D F are acting on Lloyds' behalf.

Did you have a written agreed repayment plan? If so, they must honour it, regardless of who is collecting.

You should send Lloyds a CCA. With so old an account, chances of finding the original [without which they can't enforce in court] are slim.

[Briants]

In the Lloyds letter they say file passed to DF, so CCA to them or LLoyds? Or both.

Edited March 12, 2014 by Briants

[Briants]

Also if Lloyds think debt is still active why would they put Partial settlement on my credit file?