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Hello everyone,
In 2019, I defaulted on a credit card from Virgin Money. It was clear that the debt was quickly sold on to Arrow Global as they are now showing on my credit file as being the firm I am in default to.
They have been very slow at dealing with any requests and therefore I find myself in 2023, still dealing with them via snail mail. The correspondence is with DrydensFairfax.
I am sure that I have never been sent a notice of assignment between Virgin/Arrow. Despite multiple requests, they still have not sent me a copy which makes me think it does not exist.
Last week, I received a letter to confirm that the debt had been assigned to Cabot. I googled it and saw that it had bought a load of consumer debt so I guess my debt was bundled in with them.
My question/assertion is this:-
Assignment was not effective as no notice of assignment was provided. It has now been assigned again so there is no chain of assignment. If any claim is to be brought, it is by Virgin Money.
In those circumstances, do I argue with Cabot that the debt is not enforceable, ask them to confirm as such and that the debt is nul and void?
Or do I make an offer to settle and hope they take a view considering the time, the procedural impropriety etc.
I have looked a bit at the law but it is very dense!
Many thanks,
In 2019, I defaulted on a credit card from Virgin Money. It was clear that the debt was quickly sold on to Arrow Global as they are now showing on my credit file as being the firm I am in default to.
They have been very slow at dealing with any requests and therefore I find myself in 2023, still dealing with them via snail mail. The correspondence is with DrydensFairfax.
I am sure that I have never been sent a notice of assignment between Virgin/Arrow. Despite multiple requests, they still have not sent me a copy which makes me think it does not exist.
Last week, I received a letter to confirm that the debt had been assigned to Cabot. I googled it and saw that it had bought a load of consumer debt so I guess my debt was bundled in with them.
My question/assertion is this:-
Assignment was not effective as no notice of assignment was provided. It has now been assigned again so there is no chain of assignment. If any claim is to be brought, it is by Virgin Money.
In those circumstances, do I argue with Cabot that the debt is not enforceable, ask them to confirm as such and that the debt is nul and void?
Or do I make an offer to settle and hope they take a view considering the time, the procedural impropriety etc.
I have looked a bit at the law but it is very dense!
Many thanks,
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