Global re Experto Credite car Finance 'debt' settled by insurance payout.

[Sam's Dad]

Hi All

 

I've just joined because Google came up with you when I searched for global Debt Recovery Ltd.

 

 

I've received a letter from them out of the blue today claiming that they are appointed by as agents for recovery of £47,751.74.

 

 

Their client is quoted as being Experto Credite.

 

I don't owe this money.

 

 

It looks like a similar amount that my insurance company settled with the finance company when I had a serious car accident

which wrote off the car last year,

 

 

but I can't be sure it's that.

 

 

The finance company weren't called Experto Credite that's for sure and it was showing as paid in full on my credit report.

 

Should I ignore the letter or write to them asking them to prove it?

 

Cheers

[BRIGADIER2JCS]

Hi welcome to CAG,

 

 

This seems a very large amount for a DCA to be chasing, such a large debt makes one wonder why it has not been through the courts.

Does Experto's letter state that it owns the debt or are they acting for a 3rd party?

 

 

Yes approve it letter is the next move, include the phrase " I do not acknowledge any debt to Experto Credite or any company it may claim to represent.

[fkofilee]

47k? Wow!

Well they are a legit company... are you sure that this debt isnt yours?

[dx100uk]

they want money for their xmas party

 

 

and have chosen to try and mug you

on a debt that doesn't really exist

 

 

just remember that a DCA IS NOT A BAILIFF

they have

NO SUCH LEGAL POWERS.

 

 

I can assure you that if you DID owe an amount so large

the OC would have had you in court themselves pretty pronto!!.

 

 

it is also telling

that this is one DCA chasing a fake debt for another DCA.

 

 

also always a very good sign they are on a fleecing exercise.

 

 

quite honestly I'd be ignoring them.

 

 

dx

Edited October 28, 2014 by Conniff

[Sam's Dad]

Thanks for the welcome.

 

I'm certain I don't owe this money, but it's suspiciously similar to an amount that once was a balance on my credit report. That account was settled last year though so may be a coincidence.

 

After a few more posts I'll upload a scan of the letter and a snippet of that part of the credit report showing the two similar amounts, but also showing it was settled.

 

Do these firms get hold of old records they believe to be still outstanding and try to get the money?

[dx100uk]

oh yes

 

 

that's there favourite game

 

 

 

 

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[Sam's Dad]

Here's the letter and a snippet from my credit report showing a similar amount. Maybe coincidence.

[citizenB]

Hi can you convert your jpeg to pdf format - at the moment, it is too tiny to read.

[citizenB]

If it sounds similar to the sum that your Insurance company paid out - it might be worth having a word with them to confirm that they did indeed pay the finance company ?

 

It is also a bit of a concern that the company didn't make any contact, but simply sold it on to a Debt Purchaser and by the looks of things.. is messing with your credit file at the same time.

[Sam's Dad]

Hopefully this one is readable:

 

If you look at the amount, it almost exactly the same as one of the outstanding balances on the credit report,

but that report also shows that payments were made after that,

reducing the balance and it was eventually settled in full so maybe it's just a coincidence.

 

I'm suspicious about the vague nature of the letter and a mystery creditor. Is it just a fishing attempt?

 

 

attachment redacted properly and refs/OR's removed - dx

[citizenB]

I think it probably is a phishing attempt.. however my concern is that they have these details in order to do this anyway. The account is clear and the original company should never have involved this lowlife !

[BRIGADIER2JCS]

If it sounds similar to the sum that your Insurance company paid out - it might be worth having a word with them to confirm that they did indeed pay the finance company ?

 

It is also a bit of a concern that the company didn't make any contact, but simply sold it on to a Debt Purchaser and by the looks of things.. is messing with your credit file at the same time.

 

I've seem to remember something about Global an a car finance pay out from a few years back I'll have a rake around see what I can find.

 

 

Meanwhile Sam's Dad,

Get that prove it letter off asap.

[Sam's Dad]

It's not the same as the amount the insurance company paid out.

 

 

It was the same as the outstanding balance back in Aug 2012

 

 

but payments were made subsequent to that until the account was then settled with a lump sum of approx £40K.

 

 

See the snippet from the credit report. It's the last but one amount from the right.

 

I'll write a prove-it letter in the morning and send it via a signed-for service.

 

 

What's a good template to use please?

[BRIGADIER2JCS]

 

There is one in the CAG library.

 

Ensure that the phrase " I do not acknowledge any debt to Experto Credite or any company it may claim to represent".

[The GodMother]

I remember another member having a similar problem cant remember more. tho l will agree it does seem strange.

[rebel11]

Your details are still visible , so the attachment has been unapproved.

 

Hopefully this one is readable:

 

If you look at the amount, it almost exactly the same as one of the outstanding balances on the credit report,

but that report also shows that payments were made after that,

reducing the balance and it was eventually settled in full so maybe it's just a coincidence.

 

I'm suspicious about the vague nature of the letter and a mystery creditor. Is it just a fishing attempt?

[dx100uk]

attachment done

 

 

dx

[Sam's Dad]

Thanks for sorting the scan out, but remember, these reference numbers could be completely fictitious. My prove-it letter was sent today.