HFO Capital Ltd MBNA debt sold to link with CCJ/CO - wanna complain to FCA/FOS

[Ladybird1234]

Absolute cr*p. You are bang on, dx.

 

The OFT/FCA had HFO in their grasp and did nothing. All that happened was that HFO sold its entire portfolio, and moved on – no sanctions for the directors, so they are free to start again. It’s easy to exit the consumer credit market when you’ve already wound down the business and sold the assets. All they have done is transfer the misery to Link – and most account holders still don’t know their accounts have been sold! I doubt the FCA has a clue what HFO have done either. HFO have simply agreed to do what they have already done, de facto. It’s a con.

 

The FCA should be digging into the convenient ‘voluntary liquidation’ of HFO Holdings (UK) Ltd and looking especially at the astonishing sale of all the assets of HFO Services (worth millions, IMHO) back to the Irish HFO Capital for just £6,000, which were then sold to Link. I have looked over all the liquidation documents available at Companies House, and the figures are just too convenient to be believable – amazingly there was just enough money available to pay the liquidator’s fees!

 

This was all able to happen because the OFT and FCA took so long to actually do anything, and allowed HFO to sort out their assets while continuing to trade ‘under appeal’.

 

Sorry if I don’t appear happy at this outcome. It’s just proof that the OFT/FCA are bullsh***ing blusterers of the highest order.

 

Badri Nathan, Alasdair Turnbull and their cohorts have royally bummed the FCA. These miserable excuses for human beings – no, these absolutely ruthless subhuman ******s – remain free to exploit people’s misery elsewhere.

 

I’m keeping my beady eye on the b*st*rds. I am their perpetual stalker, and hopefully, one day, their worst nightmare.

 

Hi DonkeyB,

 

I'm after some help and advice to try and deal with HFO.

 

I was reading one of your threads from 17th August regarding the sale of assets to HFO Ireland

and how the FCA obviously just let them get away with their dodgy dealings.

 

 

I am looking to complain to the FCA and the FOS about this company

and if you could help me with any information or advice on this it would be greatly appreciated.

 

 

We have just been contacted by Link who for some reason have taken 9 months to contact me since purchasing the debt.

 

Many thanks,

[dx100uk]

own thread created

 

 

please tell us about the debt.

 

 

dx

[DonkeyB]

After the incident mentioned above, HFO Services Ltd – whose shares were sold by the liquidator to its ultimate parent company, HFO Capital Ltd (Ireland) for just £6,000 – turned over £776,000, no doubt by selling on those accounts valued at peanuts. The director, Badri Nathan, pocketed £333,000.

 

See how it works yet?

 

I doubt the FCA would take an interest. They’re toothless. It’s the law that needs to be used. There’s clearly something very bad going on here.

 

Tell us more about your own case so we can help with that.

[Ladybird1234]

After the incident mentioned above, HFO Services Ltd – whose shares were sold by the liquidator to its ultimate parent company, HFO Capital Ltd (Ireland) for just £6,000 – turned over £776,000, no doubt by selling on those accounts valued at peanuts. The director, Badri Nathan, pocketed £333,000.

 

See how it works yet?

 

I doubt the FCA would take an interest. They’re toothless. It’s the law that needs to be used. There’s clearly something very bad going on here.

 

Tell us more about your own case so we can help with that.

 

Thank you DonkeyB & Dx for your speedy replys

 

This started off as a credit card with MBNA,

I owed around £10k in 2008 which was subsequently sold to HFO.

 

Around June 2008 HFO started writing to me - by Sept they had a CCJ against me.

 

On 22nd May 2009 this turned into a Charging Order against my property to which I have been paying off £20 a month ever since.

 

 

I was making payments to Turnbull Rutherford as arranged

then in March of this year (2015) payment started being rejected by Turnbull Rutherford via my bank.

 

 

On the 12th November I received a letter from Asset Link Capital

saying they had purchased this debt from HFO Services Ltd on 27.3.2015 with a balance of £9,472.27.

I have a statement from Turnbull Rutherford dated 17.6.2013 with a balance of £8,976.50.

 

 

I have checked bank statements and I have made 21 payments since the above date which would equate to an extra £420 paid off.

So the balance should be £8,556.50 as there was no interest being added to this account as per our agreement,

 

 

however, HFO have sold this debt to the value of £9,472.27 so it still looks like HFO are up to their old tricks.

 

Why would Asset Link take so long to contact me ??

 

Would you know when HFO lodged their appeal regarding the OFT findings ?

 

From what you have said about this company everything looks very dodgy.

I was looking to complain to the FOS about this matter,

any help or information you can give me would be extremely helpful.

[dx100uk]

is the charge still registered and in whose name

 

some useful info

 

https://cse.google.co.uk/cse?cx=partner-pub-0964707606882478:652l7hswbgv&ie=UTF-8&q=HFO+CO+LINK&sa=Search+CAG#gsc.tab=0&gsc.q=HFO%20CO%20LINK&gsc.page=1

 

 

dx

[ArchieA]

Before complaining to FOS you need to complain to HFO and await their final response. Then and only then can FOS take the case on. (Unless they do not reply for 8 weeks of course)