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Debt collection

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  • #1

    Debt collection

    Hi all,
    My son has received 2 letters today
    1 from Lloyd’s 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 Lloyd’s several months ago that he couldn’t 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 ?
    “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

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    Comment

    • #3
      Morning Amethyst,
      It was an overdraft, the address is a PO box in London although SARL would suggest a French company. I can’t see anything to do with FCA

      Comment

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