Debt in serious dispute sold on

[Caspar]

Re: Debt in serious dispute sold on

It is definitely an assignment in Absolute.

I do not think Egg would have bought the debt back, especially as they're smack bang in the middle of being taken over by Barclaycard.

I would be inclined to write to them with a copy of the letter from both themselves and Egg, saying it is clearly an assignment in Absolute and as far as you're concerned, given this situation you consider the onus of proof is on them to prove otherwise by supplying you with the relevant Deed of Assignment transferring the debt back to Egg, as they and Egg have given you clear statements saying there has been an Absolute Assignment to Britannica-Arrow.

[debtisbad]

Re: Debt in serious dispute sold on

Thanks. My preference is for Arrow to keep it, as they cannot collect! Besides which, I live in Taiwan now.

[Caspar]

Re: Debt in serious dispute sold on

I'd be very surprised if Egg will buy it back as they're sold in bulk. That's why I suggested you ask for the Deed of Assignment which they almost never release. They have, in this case, specifically stated they have an absolute assignment, then specifically stated they haven't. The Deed of Assignment is the only way to prove 100% to your satisfaction.

If of course they now say they have bought the debt, then they have lied in writing to you which opens up a variety of alternate avenues to make them squirm.

[SpringerSpaniel]

Re: Debt in serious dispute sold on

Off to the OFT for them !

[debtisbad]

Re: Debt in serious dispute sold on

I'd be very surprised if Egg will buy it back as they're sold in bulk. That's why I suggested you ask for the Deed of Assignment which they almost never release. They have, in this case, specifically stated they have an absolute assignment, then specifically stated they haven't. The Deed of Assignment is the only way to prove 100% to your satisfaction.

If of course they now say they have bought the debt, then they have lied in writing to you which opens up a variety of alternate avenues to make them squirm.

Looks like I've won then. Apart from the fact that they cannot collect in Taiwan, I always like to have an escape route in case I come home. Egg have sold off a fully assigned debt, knowing that it was in dispute. Arrow have written a letter to me stating that it is fully assigned. Now Arrow have lied in writing by saying that the debt was not fully assigned to them. Additionally, Egg sh** on Arrow by selling them a disputed debt. Just like they sold another disputed debt of mine to CapQuest, who had to close the account as they were unable to collect the ten thousand pounds from me.

What an enjoyable experience watching them all crap all over each other!

[The Debt Star]

Re: Debt in serious dispute sold on

They are allowed to sell a debt in prior dispute. As far as I'm aware there is nothing to prevent them from doing so and certainly the FOS aren't interested.

[debtisbad]

Re: Debt in serious dispute sold on

OK, but then Arrow can't collect if there was a prior dispute, according to the template "prior dipsute with OC" letter.

[winner12]

Re: Debt in serious dispute sold on

You may get a letter saying we wont be pursuing then its sold again and round and round the DCA roundabout you go

[The Debt Star]

Re: Debt in serious dispute sold on

OK, but then Arrow can't collect if there was a prior dispute, according to the template "prior dipsute with OC" letter.

Well that's the basis of my complaint to Wescot. Have yet to hear from 'em.

[winner12]

Re: Debt in serious dispute sold on

Hi Debtstar long time no cakes
Im waiting on the same with Lowels a*** from elbow springs to mind

[The Debt Star]

Re: Debt in serious dispute sold on

Yeah, cakes all round next time I get a big win. My shout this time. No more soggy cucumber sandwiches mind, Winner, but proper pucker fresh cream cakes courtesy of Egg Banking plc.

[debtisbad]

Re: Debt in serious dispute sold on

You may get a letter saying we wont be pursuing then its sold again and round and round the DCA roundabout you go

They are more than welcome to write me here in Taiwan. We also gave refuse reckcing collections here daily, so I can segregate their letters accordingly.

[The Debt Star]

Re: Debt in serious dispute sold on

Nevertheless DiB, you have quite wisely continued to take an interest in such matters, just in case you should return to English soil. A lot of emigrants do not and probably return to more than a fair few problems that have been rumbling on in their absence. I think that letting Arrow and co know where you are and not trying to avoid them is the best approach and, for that matter, also corresponding with them and arguing your case.

[winner12]

Re: Debt in serious dispute sold on

Ha Debtstar
Forgot about your big payout looming courtesy of Egg
Good Luck and mines a party size Black forest gateaux
Debt is Bad the debt never goes away but maybe it will be Statute Barred if you ever come back.

[The Debt Star]

Re: Debt in serious dispute sold on

maybe it will be Statute Barred if you ever come back.

darn good point there Winner! Will it be SB though if DiB continues to communicate with Arrow? Don't know - maybe someone else can clarify that?