Old Lloyds defaulted loan, now with cabot offering 30% settlement

[schwetta]

Hi, I have a old defaulted loan from lloyds. It's dropped off credit report now, I and making £2 payment towards Cabot, last payment Aug 22. 

Lloyds sold this loan to Cabot around July 2020, who now seem to be the owner, and sending me letters to pay / settle @ 30%

 

Will be sending out a SAR to Lloyds AND Cabot??

And a CCA to Cabot (definitely think this is right from reading another post on same, cabot bought the debt so they get CCA'd)

 

Do let me know if you think otherwise,

 

Thanks in advance for your time on this!!

 

Lloyds Loan £14,494
Last Payment: £2 on 6 May 2014 to Cabot
Original Lender – Lloyds Bank (Was Lloyds Tsb) 
Current Owner - Cabot Financial
Account Type – Unsecured Loan
Status – Defaulted 3 May 13
Account Start Date – Mar 2011

[dx100uk]

As this debt is. Covered by the consumer credit Act...

 

Cca request to the ownwr.

No need to sar the OC  at this stage

[schwetta]

Cancelled token payment and sent through a CCA to Cabot today...

[schwetta]

Cabot Response 14 Sep 22_Redacted.pdf

 

Just received a letter from Cabot dated 14 Sep (attached), saying they do not have relevant information on file but will be requesting a copy of the credit agreement from the original lender, this may take some time but they will write to me within the next 12 days with an update.

 

I had sent CCA Fri 2 Sep 22, and the 12+2 days expire on Fri 23 Sep 22.

 

I believe this means they have gone past the deadline and not produced a credit agreement, hence their claim is not valid anymore.

 

Is the 12+2 days based on the date of their letter, or the date I receive information??

 

Could I please confirm if my understanding is correct?

 

Thanks so much for your help as always!!

 

 

 

 

 

 

[dx100uk]

12+2 working days from date of your letter

but its immaterial really as you've ceased payment already

 

until/unless they reply with an enforceable agreement, safe to ignore/stop payment to anyone that fail CCa request.

 

probably why lloyds sold it on, they knew no signed agreement online/otherwise exists.

thats a very rare high figure for an OC to sell on, if they could have taken you to court, they would have done.

so probably the reason.

 

i bet cabot try a fake reconstructed agreement from their filing cabinet NOT yours sent from lloyds directly....with your details typed in in another font from the rest of the agreement.

this could get fun

 

dx

 

[schwetta]

wow, alright looking forward to the fun then!