I was given a LTSB cc with a silly credit limit, about 9 years ago. Got into financial difficulty in 2003, received a DN followed by a letter from SCaM 'making a formal demand on you to repay the account balance as quoted above' the full amount outstanding. However they end the letter saying that LTSB will consider a reduced lump sum or minthly repayments.
I continued paying a token payment. In 2008 had a letter saying the arrears had been cleared and that a couple of terms from t&cs were being amended, but no new comtract was issued. This year they have taken me off the agreed payment plan, asked for full monthly payments and started adding interest. I have pointed out that I cannot pay those amounts and increased my payment.
They have now issued a new DN.
My question is, can they issue a new DN, by defaulting and legally requesting the full amount in 2003 does this constitute termination of the account and all my payments have been in good faith but not part of a legal contract? Can I point this out to them and that unlawful rescission means I only have to pay the defaulted amount.
I continued paying a token payment. In 2008 had a letter saying the arrears had been cleared and that a couple of terms from t&cs were being amended, but no new comtract was issued. This year they have taken me off the agreed payment plan, asked for full monthly payments and started adding interest. I have pointed out that I cannot pay those amounts and increased my payment.
They have now issued a new DN.
My question is, can they issue a new DN, by defaulting and legally requesting the full amount in 2003 does this constitute termination of the account and all my payments have been in good faith but not part of a legal contract? Can I point this out to them and that unlawful rescission means I only have to pay the defaulted amount.
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