my secured loan has been bought

Need help and support? Post here and we will do our best.

my secured loan has been bought

Postby freedan » Sat Sep 20, 2014 10:59 am

Hi there , i have avoided quite alot of debt in the past , i havent a problem with that , however my blackhorse loan has been bought by another company . the balance is £7000 . I have a few questions for anyone who can answer .

Firstly , can I be reprocessed for such a small amount?
2 .can this company charge interest .
3 .is there a legal or lawful contract between us , now they have bought the debt?

I have , by phone asked the questions on your sample letter , and have stated if they can prove these points would they accept £4000 to clear the debt , just to test the water .
please advise thanks
freedan
 
Posts: 5
Joined: Mon Sep 08, 2014 8:25 pm

Re: my secured loan has been bought

Postby pitano1 » Sat Sep 20, 2014 4:24 pm

hi freedan.
1] if you mean-repossessed,the answer is no.
the worst scenario,would be a charging order,on your
property.

2]...no

3]..no...they are a third party.

do.....NOT..contact them again,except by writing,via recorded mail.
[letters can be supplied]
do....NOT..speak to them via phone.

AND..certainly..do not admit..the debt. :grin:

now,i have a question,for...you
would,you like the red-pill..or the blue pill.?

This is your last chance. After this, there is no turning back. You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.
:thinks:
If the machine of government is of such a nature that it requires you to be the agent of injustice to another, then, I say, break the law.
Henry David Thoreau
ALL UNALIENABLE RIGHTS RESERVED -AB INITIO - Without Recourse - Non-Assumpsit
pitano1
Moderator
Moderator
 
Posts: 1147
Joined: Thu May 14, 2009 1:38 pm
Location: on the land

Re: my secured loan has been bought

Postby freedan » Sun Sep 21, 2014 10:07 am

i will have 3 red pills please
freedan
 
Posts: 5
Joined: Mon Sep 08, 2014 8:25 pm

Re: my secured loan has been bought

Postby pitano1 » Sun Sep 21, 2014 4:55 pm

first off.we will deal with,`the so called`..debt.

what type of debt...is it..ie credit card loan..etc.?
what is the name of the debt collection agency.?

have they issued any threats..yet.?
If the machine of government is of such a nature that it requires you to be the agent of injustice to another, then, I say, break the law.
Henry David Thoreau
ALL UNALIENABLE RIGHTS RESERVED -AB INITIO - Without Recourse - Non-Assumpsit
pitano1
Moderator
Moderator
 
Posts: 1147
Joined: Thu May 14, 2009 1:38 pm
Location: on the land

Re: my secured loan has been bought

Postby freedan » Sun Sep 21, 2014 8:25 pm

The loan was originally with black horse for house improvement.
The loan has been purchased by idem capital securities ltd TA idem servicing
the outstanding balance is 7895.02
freedan
 
Posts: 5
Joined: Mon Sep 08, 2014 8:25 pm

Re: my secured loan has been bought

Postby freedan » Sun Sep 21, 2014 8:29 pm

They have sent a letter with a means form ..I am still paying 50 a week to black horse who have been passing it on .I am stopping the payment today
freedan
 
Posts: 5
Joined: Mon Sep 08, 2014 8:25 pm

Re: my secured loan has been bought

Postby pitano1 » Sun Sep 21, 2014 10:18 pm

hi freedan.
you will find.the letters you need here..http://www.getoutofdebtfree.org/forum/viewtopic.php?f=5&t=64813#.U7Ft55RdVpw

a similar tale,and advice here..http://www.getoutofdebtfree.org/forum/viewtopic.php?f=10&t=70973

ps.
you have chosen,the red...pill.
`so called`..money is only part,of the deception.

you may not be a happy bunny,when you realise,the full
extent.of the deception.. :wink:

happy digging.
pitano1
If the machine of government is of such a nature that it requires you to be the agent of injustice to another, then, I say, break the law.
Henry David Thoreau
ALL UNALIENABLE RIGHTS RESERVED -AB INITIO - Without Recourse - Non-Assumpsit
pitano1
Moderator
Moderator
 
Posts: 1147
Joined: Thu May 14, 2009 1:38 pm
Location: on the land

Re: my secured loan has been bought

Postby freedan » Mon Sep 22, 2014 1:23 pm

Thank you
freedan
 
Posts: 5
Joined: Mon Sep 08, 2014 8:25 pm


Return to Help Wanted

Who is online

Users browsing this forum: No registered users and 0 guests

cron