£14k 2016 Tesco Loan sold to Debt Managers - Full and final settlement advice

[Bertie2017]

Hi All

I have a defaulted account from April 2016 where I have been making payments towards to Debt Managers who own the account from Tesco Loan.

I have confirmed that they hold the original CCA and Tesco have signed it all over to them.

I have only been paying £20 a month for two years on it and owe £14000.

 

Due to family bereavement I have been gifted some money £6000 in total and using the national debt line letter sent a full and final offer of 3000 and see what they said. 

 

They responded and said they would only accept 11203.82 from 14004.78 and the 3000 would be taken as a lump sum towards it.

I have 6000 to offer total they seem to not want to negotiate.

Does anyone have any ideas what I should do next.

I only pay 20 a month as money is tight.

I will try and upload the letter thank you

 

above states that's what they will accept and want me to go through an expenditure sheet and the offer is only valid until 8th September.

If anyone has advice what to respond I would be very grateful thank you

Today at 10:37AMThey responded and said they would only accept 11203.82 from 1400

 

DM Letters.pdf

Edited August 13, 2021 by dx100uk
upload sorted for you.

[Andyorch]

Hi and Welcome to the Forum.

 

Personally I would keep the 6K in my account and drop their payment to £5 per month....you are not obliged to complete their I&E...they are looking to increase your monthly payment.....you do not have an agreement with Debt Managers.

 

Andy

[Bertie2017]

Thanks Andy. Wasnt sure whether to make a counter offer with more and see what they say. If they bought the debt from tesco which has been confirmed I would have thought the agreement would be with them? 

Edited August 13, 2021 by dx100uk
unnecessary previous post quote removed

[Andyorch]

Debt assignment is for the debt only......its not as if you have signed an agreement and given permission to disclose your personal financial commitment's. You are not obliged to comply with anything apart from making a payment ...should you desire.

[dx100uk]

urm..something smells here

why did tesco sell a debt worth £14k for <10p=£1 and not go crush you in court?

 

who says this agreement IS enforceable? can you scan the CCA return upto one multipage PDF please

read our upload guide carefully.

 

was you credit file shot with lots of outstanding lending, defaults, late payments when you go this loan?

[dx100uk]

retitled and moved to the tesco forum.

[fkofilee]

Keep money offered - Dont complete I&E and do drop your payment like Andyorch says... 

£5 is fine. If its all you can afford, its all you can afford...

[Bertie2017]

Thanks I will try and upload them in the next couple days.

They produced all original signed documents and terms and condition.

 

I had some other lending at the time no defaults and a good credit rating.

I went through a divorce and changed jobs hence the default on this when I couldn't afford to pay.

One CC was partially settled a couple years ago from divorce stuff and this Is the only one left.

 

Tesco 121175609 08.03.2021.pdf

 

I have managed to upload the CCA debt managers sent me from Tesco. It has been checked before and I was told its enforceable

 

thanks

Edited August 13, 2021 by dx100uk
unnecessary quote removed

[dx100uk]

so thats the prescribed terms etc and the signature stuff, but where are the pages of T&C's which must accompany that.

[Bertie2017]

That and 3 statements of the account showing balance and monthly payments like you would normally receive is all I got. I didn't receive any other documents and was told what I uploaded was terms and agreement. I presume that isnt then?. I did send a SAR request to Tesco but they wanted me to sign a document to prove identity even though I signed my letter which I found strange

[dx100uk]

prescribed terms and agreement is there but no additional T&C which should also be present.

have you moved since taking this loan out out?

[Bertie2017]

Ah ok. Yeah I have moved a couple times. Tesco knew my address and used fredricksons and numerous other debt collectors and kept them up to date. They sold it all to debtmangers around 2 years ago. Is it worth another SAR to Tesco to see what they have. Thanks

Edited August 14, 2021 by Bertie2017

[dx100uk]

Yes SAR them but read all the posts in the SAR link

 

Dx

[Bertie2017]

Thanks will send another request to them and see what they provide 

[dx100uk]

dont forget copy of ctax bill

 

dx

[Bertie2017]

Thanks DX is that for ID purposes?

[dx100uk]

so you didnt read all the posts in the sar link?

 

dx

[Bertie2017]

No not yet will have a read though before contacting them