Qq/p2p/arc

[Debtrelief]

Hi All,

 

I need some advice please.

 

I had several payday loans from 2012 -December 2015, but this query relates solely to P2P/ARC

 

I had a QQ loan, which I defaulted on back in 2012, reached a payment arrangement and settled in full around April 2013.

 

Had a major issue and took out a P2P loan in/around November 2013 and they advanced £1050.00. I made 2-3 payments, but then defaulted. Balance outstanding is now £910.00, they have passed the debt to ARC Europe, who call daily from a 1000 different mobiles but to date I have ignored all calls. P2P advised the debt was passed on to ARC for collection, not sold.

 

ARC last week sent me an email, which began with "without prejudice". they then went on to ask me to contact them to agree a much reduced settlement figure, or to agree weekly payments as low as £2.50 a week. The email went on to say that if I did not respond within 10 days the account would be passed to their solicitors for them to consider court action and there would be no further correspondence in this regard. Needless to say, they still call daily.

 

Is there anything I should be doing, will I receive a letter before action from solicitors or would this letter constitute a LBA?

 

Thanks in advance.

[citizenB]

If Arc have not bought the debt then they will not be able to issue a claim against you.

 

You need to establish who owns the debt.

 

A letter before action is indeed an LBA

[dx100uk]

Ignore the powerless dca's

They are not baillifs

And have no such legal powers

 

Dx

[Debtrelief]

According to an email from P2P, I received a "notice of debt referral" and they go on to say your account has been referred to a 3rd party debt-collection agency. I assume that means P2P still own the debt and it hasn't been sold on.

 

I just re-read the email advising referral of debt. It states I borrowed £1150, have repaid £990.56 and currently owe £994.29 (not that it relates to who owns the debt).