PRA chasing old Lloyds loan - does a PPI Claim reset SB? - **Confirmed Statute Barred**

[iwannaclearmydebts]

Hi all,

 

I'm currently in the process of 3 CCA requests from well known DCA's, but I'm wondering whether to start tackling another one i.e. Thames.

 

I have a VERY big debt (in the region of £30,000) originally from LloydsTSB that I'm paying at £100 per month to Thames.

 

The debt is due to loans offered to me when I was in my early 20's.

I was on poor money at the time (although not much better now...!!) and they allowed me to borrow the amount mentioned above.

As the story goes I fell into bad problems with my finances and stopped paying them.

 

My question is

do I CCA request Thames and see if the debt is enforcable or would this start 'rocking the boat' causing more problems for myself i.e. further action being taken etc..

 

My other thought is that there maybe/quite possibly is alot of interest/charges added into the amount owed and I'm not sure if I could try and claim this back?

 

My main worry is that if I CCA request Thames and they then ask LloydTSB for the agreement LloydsTSB will then try and chase me for a current account that I had with them, which I'm sure I owe about £5000 - £6000 for.

 

Bearing in mind its been about 4 maybe 5 years since I've had contact with them regarding cancelling all direct debits on the account.

I'm hoping not hear anything until the 'Barred' situation occurs, so I'm not sure what to do?

 

Also, just as a point to note the balance on the current account was due to LloydsTSB continuing to pay themselves the loan instalments...stupid really...

 

Any thoughts/comments would be greatly appreciated.

 

regards,

 

iwcmd.

 

P.S. LloydsTSB do not show on my creditfile, so does this mean it is already 'Barred' .

[Curlyben]

A couple of things to consider.

• Normally CCA only covers debts upto £25K.
  
• This will NOT be barred as you have been paying it, hence acknowledging the debt.

I would certainly get a SAR into LTSB and go for the charges and assess the whole debt.

[iwannaclearmydebts]

Hi CB,

 

Thanks for the reply.

 

I don't know if this helps the situation, but the debt was originally 2 loans. 1 for £20,000 and 1 for £10,000 (roughly). Thames brought them both and added the amount together (I can only assume ).

 

Also sorry for the confusion in my writing, but I ment to say that I hope the current account debt (I've heard nothing about) would be 'barred' as alot of time has passed.

 

 

Curlyben said:

I would certainly get a S.A.R - (Subject Access Request) into LTSB and go for the charges and assess the whole debt.

 

 

If I did the S.A.R would I be risking being chased for the current account debt?

 

and if so, would the charges reclaim be worthwhile on the current account?

 

Sorry for so many questions so late at night..

 

 

regards,

 

iwcmd.

[clutchingatstraws]

I would CCA Thames and see what they have

[iwannaclearmydebts]

Hi cas,

 

My only worry about CCAing Thames is that they will go back to LloydsTSB for the original credit agreement and in doing so 'stir up' LloydsTSB into 'chasing' me for the current account debt, which I have not heard anything about in 4+years.

 

Would this happen?

 

Any comments/thoughts on this are greatly appreciated from yourself and other CAGer's (of course..).

 

regards,

 

iwcmd.

[ODC]

As its for two seperate loans I would CCA them (you would need to send two seperate letters and 2 £1 postal orders.)

 

As for Lloyds they have probably sold the four year old debt on.

If you are going to SAR Lloyds the will be able to identify you anyway.

On a loan that size the unfair charges could be high enough to make it worthwhile

[surprise]

If it helps, Lloyds could not find my agreement going back to 96 but admitted they only keep them for six years, despite the fact that the account is still live. Also, Thames contacted by daughter's partner regarding a debt which he had not paid anything on for four years, they didn't produce his agreement either.

[Quoth]

Are Thames worth tackling...? Oh yes. I had a letter through yesterday stating they had wrtten off an account they claimed I owed. I wrote them three emails in total, one outright denial that I'd ever held an account with the, one refusal to forward documents to their fraud team and one refusing to contact them to discuss the matter. I've just sent a fourth asking for confirmation that they had cleared any and all adverse data from the CRAs.

 

I still don't know what the alleged debt was for because they started quoting the Data Protection Act and got caught in a catch 22 (I told them I appreciated their dedication to the DPA, especially since I would be the first to report them should they reveal to me any information that did not relate to me).

 

So yes, don't just give in on them and don't take their word for it. If I had I might have ended up paying somebody else's debt

[ODC]

I too have taken them on and won.

[iwannaclearmydebts]

As its for two seperate loans I would CCA them (you would need to send two seperate letters and 2 £1 postal orders.) As for Lloyds they have probably sold the four year old debt on. If you are going to S.A.R - (Subject Access Request) Lloyds the will be able to identify you anyway. On a loan that size the unfair charges could be high enough to make it worthwhile

 

Thanks for the advice ODC,

 

I need to decide what to do..

 

If it helps, Lloyds could not find my agreement going back to 96 but admitted they only keep them for six years, despite the fact that the account is still live. Also, Thames contacted by daughter's partner regarding a debt which he had not paid anything on for four years, they didn't produce his agreement either.

 

Also thanks surprise,

 

gives me positivity towards this..

 

Are Thames worth tackling...? Oh yes. I had a letter through yesterday stating they had wrtten off an account they claimed I owed. I wrote them three emails in total, one outright denial that I'd ever held an account with the, one refusal to forward documents to their fraud team and one refusing to contact them to discuss the matter. I've just sent a fourth asking for confirmation that they had cleared any and all adverse data from the CRAs.

 

I still don't know what the alleged debt was for because they started quoting the Data Protection Act and got caught in a catch 22 (I told them I appreciated their dedication to the Data Protection Act, especially since I would be the first to report them should they reveal to me any information that did not relate to me).

 

So yes, don't just give in on them and don't take their word for it. If I had I might have ended up paying somebody else's debt

 

Thanks Quoth,

 

Its always inspirational to hear other peoples stories..

 

I need to think seriously about what I want to do with Thames, but it has been a great help receiving all your comments!

 

I will keep you all updated..

 

regards,

 

iwcmd.

[ODC]

I sent a letter to Thames 3 weeks ago disputing an alleged debt following their threats of imminent Court Action and the ubiquitous Doorstep Caller. They said they would get back to me. Guess what. Im still waiting. Nothing to do with the fact that not only have they no CCA but the alleged debt is Statute Barred.

[iwannaclearmydebts]

Hi all,

 

Been sometime since I posted and always an avid follower of CAG, which has seen me through some tough times!

 

A long story short is I am now (touch wood) in a better position financially with a clear credit file and manageable credit facilities (loan,credit card) including mortgage.

 

I do however have one old debt that I need advice on:

 

Around 1998 - 2000 I took out a big loan for around £20k and then a second a year or so later for around £10k (young and in experienced).

 

Defaulted both around 2003/4, sold to Thames Credit/Atkiv now PRA and dropped off credit file 2009/10.

I did get collared in 2004/5 into paying £100/month until 2012 when it became too much with other financial responsibilities (CSA payments).

 

I only hear from them every 3-6 months offering 70% discounts.

 

My worry is I am fortunate to move house this year and will not be able to monitor correspondence letters upto the SB timeframe and could miss further action being taken, which I want to avoid if possible.

 

I know some people will think its my own fault however my wife and children have nothing to do with this debt from my previous life/ relationship and I don't want to risk messing our good credit up or even worse losing our new home if it went further than ccj.

 

Any advice on what to do please? Should I CCA PRA now to see if they have anything on file or wait until later 2017 (I have the opportunity to re-direct post for 12 months)?

 

thank you for your time in reading my post.

 

BR

 

Iwcmd.

[martin2006]

Do nothing unless you receive a claimform from them, why wake a sleeping dog?

If they are offering huge discounts they dont have diddly squat

Edited April 5, 2016 by martin2006

[iwannaclearmydebts]

Thanks for the quick response martin2006.

 

Forgot to mention my current credit facilities are also with Lloyds.

[martin2006]

Only worry would be potential for a back door ccj at your old address once you move

It could be a wise move to CCA them now, put them in default if they dont supply within 12+2 days, would theoretically stop any future action until they produce one.

 

Wait for one of the more experienced team to advise. DX is good here.

[iwannaclearmydebts]

This is my worry - been over thinking the situation and starting to be all I think about everyday.

 

Thanks again and look forward to input from others hopefully.

 

Iwcmd.

[dx100uk]

if they are offering a 70% discount

then it cant be that enforceable

or mainly PPI/Penalty charges that can be reclaimed.

 

the OC, Lloyds have sold the debt

so that fact stops them off-setting using current accounts with them.

 

you could CCA PRA,

that would serve atleast the purpose of informing them of your new address

but don't do it until you move.

if at all.

 

my gut says do nothing.

 

revisit this if your situation changes etc

 

nothing to stop you reclaiming the PPI

might help the new home situation

 

sar to Lloyds time me thinks...

 

dx

[iwannaclearmydebts]

Thanks dx,

 

Bit more background on my Lloyds situation:

 

I left an old current account with a big overdraft oweing, which was due to loan payments being constantly taken with no money going in.

 

I don't have a current account with them now only mortgage and personal loan.

 

Would SAR to LLOYDS stir any trouble for my existing facilities I.e. What is the likelihood they would put 2+2 together?

 

Also being so old surely I have no chance with PPI reclaim?

 

Many thanks.

 

Iwcmd.

[dx100uk]

PPI will go to YOUR POCKET

as its been sold on.

 

 

an sar will hurt nothing nore no one.

 

 

dx

[iwannaclearmydebts]

Would that still be true if OH now worked for said bank?

 

Iwcmd.

[dx100uk]

get on with it.........

[iwannaclearmydebts]

Hi All,

 

Been a while since I’ve posted on the forum. Firstly, I must say how much this community has helped me through some very stressful times in my life. A BIG THANK YOU!!

 

My question is relating to a Sold debt to PRA Back in 2004, which I did pay towards until December 2012.
 

Fast forward to 2016 I move house and started checking PPI on old accounts. after contacting Lloyds I was successful with redress directly to me for a number of old personal loans.

 

Moving on to 2018 PRA start calling me work mobile phone and I block the calls, which bounce to my voicemail and I pick up a recorded voice on voicemail asking for me to contact PRA. This is the only communication I’ve had since moving house.

 

Now a letter has turned up at my new home address saying they have been recently made aware of my new address and want me to of course Contact them either way if I’m the correct person or not.

 

So, can anyone help give their experience to whether they are just fishing because they have a large sum to try collecting on or whether they would be aware of any linked PPI payout even when the debt was sold (assigned absolute)? 
 

Additionally, if they are theoretically aware of a PPI claim, which was paid out to me does it acknowledge the original debt affecting the clock towards statue barred?

 

Should I also send a statue barred letter to ‘test the waters’?

 

apologies for the long windedness of my post.

 

I would really appreciate some feedback and guidance on this matter.

[BankFodder]

Don't worry about PRA. They will not be able to have any claim on any PPI payouts. Send them the statute barred letter and under the CONC rules, they are obliged to desist from any further enforcement or collection activity and you should warn them of this and that you will be making complaints if they try it on.

[iwannaclearmydebts]

Thanks Bankfodder for the quick reply this has been on my mind all Weekend!

 

when you Say they will be able to have any claim on any PPI payouts do you mean will not be able to?

 

i’ll get the letter sorted and sent.

 

Is there a new/latest statue barred letter template someone can point towards please?

[dx100uk]

old threads merged for history

you should not ever be moving and not telling your creditors so on ony debt you last paid say within 7yrs.

 

a ppi refund is not a transaction by you but the bank.

so

send our our SB letter from the debt collection section of our library.

 

shame you blindly paid PRA and others? after being advised the CCA returns were unenforceable  mind?