Asset Link capital (No5) Kearns Solicitors

[Skint Nurse]

Hi All

Ok, short resume: many credit cards from when I had a well paid job, then unemployed, juggling debt with 0% balance transfers, eventually could not keep up due to Halifax taking £1 per day overdraft fees from dole, ergo court case. I was seeing debt advisors however, I was taken to court (probably because I had a mortgaged house and therefore an asset on which to claim) and LOST - had a Charging order from 1-MBNA and 2- Lloyds TSB. I live in the north and house is worth very little.

MBNA opted to use Restons solicitors and I have been paying a small monthly amount since the court case in 2008. However LTSB never asked for any payment.

I think it was 2 yrs ago that Asset Link wrote to me to claim that they now owned the debt but again never asked or chased payment. Today , I received a letter from Kearns solicitors stating that "an application was made to the High Court of Justice to change the claimant's name to ALC5 and this was granted by an Order of the Court dated 28 March 2018. " copy of the order enclosed.

I have just searched Trust online and there is NOTHING REGISTERED

Where do I stand and is this debt enforceable


Thank You
Skint Nurse

[debtproblems]

interesting, my wife has just received a similar letter with same date as yours. Dont know if this is another dirty trick by Asset link to get her to contact them or actually has some substance.

[Amethyst]

If there is a Judgment in place then it has now been assigned over to Asset - so depending on what the judgment was, how old it is, they might be considering enforcement. For now I'd file it - they'll have purchased a big pile of judgments and will work their way through working out what to do with them, so really its a prewarning to look into the original judgment and see where you might stand IF Asset do pick it up. If there is a Charging order from the original it may not necesarily do anything but they have the 'asset' of the charge amount that they could claim from any equity if you did sell in the future. Worth digging out old docs so you have anything to hand if you get any further correspondance xxx