signing agreement by lender

[Paul07]

Hi everyone,
I am new to this platform.
I requested CCA from a debt purchaser(Assignee), i received it after almost 6 weeks. Going through the agreement i came to find that the agreement has just the initials in a space where it says "for and behalf of creditor", biased on this i raised this issue and validity of the agreement with debt buyer to say that the agreement is not been signed in prescribed form. They replied by saying an initial or even only a stamp of a company is sufficient to validated the agreement instead of a properly signed agreement. I am not satisfied with this reply and not sure if this can be true, can someone shade some light on this. The debt buyer is not FCA Regulated. I also raised this with them and the reply was that they are just the debt buyer and do not have to be regulated by FCA but i have proof that the company is also involved in debt collection, and to say that the debt collection is done by one of their company within the group who are FCA compliant. I feel this is very misleading.

[MIKE770]

What dca etc give details

[Paul07]

Hi Mike, Thanks for your response, Dca is "Intrum UK Finance Limited", original creditor is Tesco Bank and sold debt to Dca in January 2019 and on FAQs attached to Notice of Assignment by Tesco introduces Dca to be FCA regulated and Tesco has worked with them in past, but Dca is FCA regulated is not true.

[Paul07]

What dca etc give details

Hi Mike, Thanks for your response, Dca is "Intrum UK Finance Limited", original creditor is Tesco Bank and sold debt to Dca in January 2019 and on FAQs attached to Notice of Assignment by Tesco introduces Dca to be FCA regulated and Tesco has worked with them in past, but Dca is FCA regulated is not true.

[MIKE770]

Intrum can not bring a claim because they do not have authorisation. ( ex 1st credit) = Intrum UK Finance Limited is not authorised by the Financial Conduct Authority to exercise the rights of a lender. They rely on the para 55 FSMA 2000 servicing exemption. that is an issue for them i understand.