Sold debt and unaffordable lending

[Rangy1963]

Hope someone can shed a little light if a debt has been sold on can the new owner of the debt persue it through court if a unaffordable lending claim is being Perseud
with the original lender,

[atticus]

You can hardly accuse the buyer of the debt of irresponsible lending. You would need to bring a separate claim against the initial lender.

[Rangy1963]

You can hardly accuse the buyer of the debt of irresponsible lending. You would need to bring a separate claim against the initial lender.

not accusing the buyer if you read the post correctly I am asking if the new buyer can start court proceedings if there is a claim for irresponsible or unaffordable lending being persued against the original lender.

[atticus]

Thank you for clarifying your original post.

The answer to the new question is yes, but you may be able to defend on the ground that your claim against the original lender means that you owed it nothing; the assignee can have no better claim than the assignor would have had if it had not sold the debt.

[echat11]

What you should do is lodge a complaint (affordability) with the original lender, follow their complaints procedure, then the FOS if the complaint isn't resolved.

[Rangy1963]

What you should do is lodge a complaint (affordability) with the original lender, follow their complaints procedure, then the FOS if the complaint isn't resolved.

Thank you very helpful

[des8]

https://www.financial-ombudsman.org....rdable-lending