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Debt collection

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  • Debt collection

    Hi all,
    My son has received 2 letters today
    1 from Lloyds informing him they have no further interest in his account and have assigned & sold his account to LC Asset 1 S.A.R.L
    The second from the above company wanting the outstanding amount from him directly
    I take it this is just a business making money and should he pay them
    He informed Lloyds several months ago that he couldnt afford to balance the account

    Your esteemed thoughts please
    Tags: None

  • #2
    Do you have an FCA authorisation or address on the letter from LC Asset ?

    Anything to do with Everyday Finance ? https://www.everydayfinance.ie/ ?

    What was the debt originally ? Credit card ? Loan ? Overdraft ?
    #staysafestayhome

    We may not win by protesting, but if we don't protest we will lose. If we stand up to them, there is always a chance we will win.
    Hetty Bower

    Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

    Received a Court Claim? Read >>>>> First Steps

    Comment


    • #3
      Morning Amethyst,
      It was an overdraft, the address is a PO box in London although SARL would suggest a French company. I cant see anything to do with FCA

      Comment


      • #4
        Hi all, my son is now getting regular phone calls from the above mentioned company demanding money.
        any further information or thoughts would be greatly appreciated
        Thanks

        Comment


        • #5
          Morning to all,
          I’m just requesting assistance with this thread, as the company are now threatening my son with high interest charges on the original debt. Can anyone help?
          Thanks in advance

          Comment


          • #6
            Have you got the address for LC Asset please. What have this company said re interest ?

            Lloyds have sold the overdraft debt to LC Asset so we need to work out who they are and if they are authorised

            Are the letters direct from LC Asset ? What are the instructions for payment ?
            Anything from everyday finance ? Anything from link financial ?

            A pic of the letters ( redact personal info) would be helpful to know how he should respond.

            How much approx was the overdraft ?
            Is the bank account it was attached to closed ?
            When did Lloyds call in the overdraft ?
            Was your son previously in an IVA ?
            and so on

            Eg
            Click image for larger version  Name:	767CB14B-EA3D-4C6F-87E4-FFF459169569.jpeg Views:	1 Size:	21.9 KB ID:	1502969

            http://www.everydayfinance.ie/wp-con...-Statement.pdf
            #staysafestayhome

            We may not win by protesting, but if we don't protest we will lose. If we stand up to them, there is always a chance we will win.
            Hetty Bower

            Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

            Received a Court Claim? Read >>>>> First Steps

            Comment


            • #7
              Originally posted by Ryszu140458 View Post
              Hi all, my son is now getting regular phone calls from the above mentioned company demanding money.
              any further information or thoughts would be greatly appreciated
              Thanks
              #Right firstly tell them the calls must stop, you are entitled to do this, the Court of Appeal was clear in Roberts v Bank of Scotland and the High Court in Harrison v Link held that such conduct could give rise to an unfair relationship.

              If they continue to call you must make a note of each call, date, time, etc, and keep the note safe, it will be evidence for any legal action
              I work for Wannops LLP . I give my free time available to helping other on the forum and would be happy to try and assist informally where needed. Any posts I make on LegalBeagles are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide is without liability.

              If you need to contact me please email me on Ptilley@wannops.com .

              I have been involved in leading consumer credit and data protection cases including Harrison v Link Financial Limited (High Court), Grace v Blackhorse (Court of Appeal) and also Kotecha v Phoenix Recoveries (Court of Appeal) along with a number of other reported cases and often blog about all things consumer law orientated.

              You can also follow my blog on consumer credit here.

              Comment

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