PPi on disputed debt sold to DCA

[Boltmaker]

Can a OC repay a successful PPi claim to a DCA who bought the account or reduce the debt themselves by keeping the PPI refund

[labman]

Re: PPi on disputed debt sold to DCA

Sadly I believe the answer is yes. They tend to build terms into the assignment of the debt which finds a legal way around what, to us, seems wrong. I'm not sure whether they buy it back, apply the ppi to the balance, then sell it back again or something, but I know I've read it's legal - annoying isn't it!

I think it was in this thread I read it:

http://www.legalbeagles.info/forums/...hlight=brummie

[Boltmaker]

Re: PPi on disputed debt sold to DCA

Thanks for the reply, however I cannot gain access to the thread you highlighted

[labman]

Re: PPi on disputed debt sold to DCA

Sorry - you would probably have to pay to upgrade to VIP to see it - it costs £9.00, but gives access to a lot more areas.

[dogtired]

Re: PPi on disputed debt sold to DCA

Yes they can, had one that was sold to Cabot via BOS and Blair Oliver Scott, not assigned properly but when I "won" the PPI Cabot got most of it and I got the balance, but at least I was rid of it.