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I had a loan with Zopa in 2017 which defaulted.
It was bought over by Cabot.
My last payment or acknowledgement was on 05/03/2020.
They have been chasing me for this debt £10705.
In Sep/Oct 24 they sent me copies of paperwork, however rather than a credit agreement it was called "Zopa Loan Contract Summary" - It had my name and loan terms however rather than my address it was addressed c/o Zopa .......... and there was no signtaure. They also sent accompanying statements etc and what appears to be numerous pages of reference numbers and small amounts - Im presuming Zopa were a P2P company.
I submitted a formal CCA request to them at this time and have not accepted or acknowledged the debt.
I only heard back from them on Saturday.
They have sent exactly the same paperwork but are clearly pushing me for a quick offer as they have mentioned 05/03/25 and 06/03/25.
I have a number of questions regarding this and would really appreciate your help and advice:
1. Is a "Zopa Loan Contract Summary" valid proof of this debt belonging to me. In the T&C's they provide it refers to a "Loan Contract" but they havent sent this and the summary also has wording to the effect of "If approved your loan will be subject.......) This would indicate that its not an actual credit agreement.
2. Were Zopa loans layout different.
3. If this is a valid agreement us there anything I can do to delay things until 06/03/25 at which point it becomes time barred
4. Would they have to indicate that they intend to commence legal action, obtain a court date or actually have a court hearing by 05/03/25 to be within the time bar period.
5. If it isnt valid should I complain to them or go straight to Ombudsman to complain that what they have provided is misleading or invalid. If I do raise a complaint does this prohibit them from commencing any court action.
6. Essentially with the time bar period at 05/03/25, only 4 weeks away surely there are ways I can stall this until the date has passed, as above or stating I have mental health issues and looking for a break.
It was bought over by Cabot.
My last payment or acknowledgement was on 05/03/2020.
They have been chasing me for this debt £10705.
In Sep/Oct 24 they sent me copies of paperwork, however rather than a credit agreement it was called "Zopa Loan Contract Summary" - It had my name and loan terms however rather than my address it was addressed c/o Zopa .......... and there was no signtaure. They also sent accompanying statements etc and what appears to be numerous pages of reference numbers and small amounts - Im presuming Zopa were a P2P company.
I submitted a formal CCA request to them at this time and have not accepted or acknowledged the debt.
I only heard back from them on Saturday.
They have sent exactly the same paperwork but are clearly pushing me for a quick offer as they have mentioned 05/03/25 and 06/03/25.
I have a number of questions regarding this and would really appreciate your help and advice:
1. Is a "Zopa Loan Contract Summary" valid proof of this debt belonging to me. In the T&C's they provide it refers to a "Loan Contract" but they havent sent this and the summary also has wording to the effect of "If approved your loan will be subject.......) This would indicate that its not an actual credit agreement.
2. Were Zopa loans layout different.
3. If this is a valid agreement us there anything I can do to delay things until 06/03/25 at which point it becomes time barred
4. Would they have to indicate that they intend to commence legal action, obtain a court date or actually have a court hearing by 05/03/25 to be within the time bar period.
5. If it isnt valid should I complain to them or go straight to Ombudsman to complain that what they have provided is misleading or invalid. If I do raise a complaint does this prohibit them from commencing any court action.
6. Essentially with the time bar period at 05/03/25, only 4 weeks away surely there are ways I can stall this until the date has passed, as above or stating I have mental health issues and looking for a break.