Accidental payment made to old debt

[yellowplum]

I have a question regarding an accidental payment that has inadvertently been made to an old debt.

This payment was made to Lloyds on an old credit card, the card has been closed and the debt sold to a third party collection agent. However instead of Lloyds bouncing the payment they forwarded the payment to the third party agent that they sold the debt on to.

A letter has been received acknowledging this.

Firstly I wanted to know if anything can be done to recover the amount accidentally paid to Lloyds? Should they not have returned the funds since they no longer own the debt?

Secondly does this pose a problem with acknowledging the debt?

[nemesis45]

Re: Accidental payment made to old debt

I have a question regarding an accidental payment that has inadvertently been made to an old debt.

This payment was made to Lloyds on an old credit card, the card has been closed and the debt sold to a third party collection agent. However instead of Lloyds bouncing the payment they forwarded the payment to the third party agent that they sold the debt on to.

A letter has been received acknowledging this.

Firstly I wanted to know if anything can be done to recover the amount accidentally paid to Lloyds? Should they not have returned the funds since they no longer own the debt?

Secondly does this pose a problem with acknowledging the debt?

Hi welcome to LB,

How was this " accidental" payment actually made?
I think yes the payment should have been returned as the account with Lloyds is closed.
Yes it could pose a problem depending how the payment was made, if it was made specifically
to the credit card for instance on counter credit slip.
Have made a formal demand for repayment?
Who is the " owner" of the debt now?

nem

[yellowplum]

Re: Accidental payment made to old debt

Hi welcome to LB,

How was this " accidental" payment actually made?
I think yes the payment should have been returned as the account with Lloyds is closed.
Yes it could pose a problem depending how the payment was made, if it was made specifically
to the credit card for instance on counter credit slip.
Have made a formal demand for repayment?
Who is the " owner" of the debt now?

nem

Hi Nem,

The payment was made as a faster payment from a bank account account with another institution.
The letter has come from Lowell Portfolio Ltd and they have stated in the letter that the account was sold to them by Lloyds TSB on 17/6/15. I think the original default was around November 2007. The letter from Lowell is asking for contact to be made to discuss repaying the outstanding balance which is around 6K.

Thanks

[jon1965]

Re: Accidental payment made to old debt

Prior to this payment when was the last payment or acknowledgement made?

[nemesis45]

Re: Accidental payment made to old debt

Hi Nem,

The payment was made as a faster payment from a bank account account with another institution.
The letter has come from Lowell Portfolio Ltd and they have stated in the letter that the account was sold to them by Lloyds TSB on 17/6/15. I think the original default was around November 2007. The letter from Lowell is asking for contact to be made to discuss repaying the outstanding balance which is around 6K.

Thanks

Ok When exactly was the last payment made?
I take it no payments were made after the account
was defaulted?

nem

[yellowplum]

Re: Accidental payment made to old debt

To the best of my knowledge no payment has been made to the card since default, the debt has also never been acknowledged or admitted. To also add that the debt doesn't appear on my credit file.

This payment was made on Friday, 10 July 2015

[nemesis45]

Re: Accidental payment made to old debt

To the best of my knowledge no payment has been made to the card since default, the debt has also never been acknowledged or admitted. To also add that the debt doesn't appear on my credit file.

This payment was made on Friday, 10 July 2015

ver
Ok and no company has/is pressing for payment??

The debt is to mind statute barred, anyway so this payment cannot affect this status, however
any payment made by mistake after the debt reaches SB status amounts to a gift.
What happened did you click on a wrong payee?

nem

[jon1965]

Re: Accidental payment made to old debt

Indeed I would agree statute barred hence me asking a pertinent question.

[FlamingParrot]

Re: Accidental payment made to old debt

I have a question regarding an accidental payment that has inadvertently been made to an old debt.

This payment was made to Lloyds on an old credit card, the card has been closed and the debt sold to a third party collection agent. However instead of Lloyds bouncing the payment they forwarded the payment to the third party agent that they sold the debt on to.

A letter has been received acknowledging this.

Firstly I wanted to know if anything can be done to recover the amount accidentally paid to Lloyds? Should they not have returned the funds since they no longer own the debt?

Secondly does this pose a problem with acknowledging the debt?

To the best of my knowledge no payment has been made to the card since default, the debt has also never been acknowledged or admitted. To also add that the debt doesn't appear on my credit file.

This payment was made on Friday, 10 July 2015

The payment was made as a faster payment from a bank account account with another institution.
The letter has come from Lowell Portfolio Ltd and they have stated in the letter that the account was sold to them by Lloyds TSB on 17/6/15. I think the original default was around November 2007. The letter from Lowell is asking for contact to be made to discuss repaying the outstanding balance which is around 6K.

Looks like there was a clear period of seven and a half years without payment or written acknowledgment, in which case the debt would already have been SBd at the time the payment was made. Once a debt is SBd it cannot be 'un-barred' in any way. :grin: :grin:

The letter from Lowell is asking for contact to be made to discuss repaying the outstanding balance which is around 6K.

I would leave them in no doubt and send them the SBd letter :typing:

[mystery1]

Re: Accidental payment made to old debt

I would complain to the bank. They had no right to forward money on your behalf.

When they tell you to get lost complain to FOS.

M1

[yellowplum]

Re: Accidental payment made to old debt

ver
Ok and no company has/is pressing for payment??

The debt is to mind statute barred, anyway so this payment cannot affect this status, however
any payment made by mistake after the debt reaches SB status amounts to a gift.
What happened did you click on a wrong payee?

nem

Yes clicked the wrong payee person, Lloyds

That's what I wanted to check, that Lloyds had no right in to forward the payment.

[nemesis45]

Re: Accidental payment made to old debt

Yes clicked the wrong payee person, Lloyds

That's what I wanted to check, that Lloyds had no right in to forward the payment.

Is this the only contact from Lowell?

[yellowplum]

Re: Accidental payment made to old debt

The letter that came today was actually from lloyds bank with a copy of a letter from Lowell.

The only previous letter I can find is from Caplets in January 2014

[nemesis45]

Re: Accidental payment made to old debt

How much was paid, is it worth pursuing?

nem

[yellowplum]

Re: Accidental payment made to old debt

£200