Egg loan - disappeared?

k1mmie · 28th May 2009, 23:30

Hubby had a loan with Egg several years ago. Went into default. Then out of the blue today got a statement from them, showing the loan amount and the interest autolinker.com autolinking image

rate and PPI.

It states opening balance including PPi £0.00
Total interest accrued this year £0.00

Closing balance -£564.50

No payment has been made, what does this mean?

angry cat · 30th May 2009, 10:23

Sounds like a charge off.
Expect you will receive a letter from Lowell, or similiar... maybe?

k1mmie · 30th May 2009, 19:48

Do you mean they have sold the debt off to another company? SUrely they would have sent an accompanying letter stating that it had been passed on. Otherwise I will have a statment from them saying nil balance and a letter from another company saying a balance.

maroondevo52 · 30th May 2009, 19:58

Hi,

Sounds like they've sold it on.

Regards.

Scott.

28th May 2009, 23:30	#1 (permalink)
k1mmie Basic Account Holder We need funds Please donate something Cagger since : Sep 2007 Posts: 365	Egg loan - disappeared? Hubby had a loan with Egg several years ago. Went into default. Then out of the blue today got a statement from them, showing the loan amount and the interest rate and PPI. It states opening balance including PPi £0.00 Total interest accrued this year £0.00 Closing balance -£564.50 No payment has been made, what does this mean?

30th May 2009, 10:23	#2 (permalink)
angry cat Gold Account Holder Try our eBay sniping service Cagger since : Feb 2006 I am in: A FILING CABINET Posts: 5,642	Re: Egg loan - disappeared? Sounds like a charge off. Expect you will receive a letter from Lowell, or similiar... maybe?

30th May 2009, 19:48	#3 (permalink)
k1mmie Basic Account Holder eBay user? Find misspellings and zero-bid items Cagger since : Sep 2007 Posts: 365	Re: Egg loan - disappeared? Do you mean they have sold the debt off to another company? SUrely they would have sent an accompanying letter stating that it had been passed on. Otherwise I will have a statment from them saying nil balance and a letter from another company saying a balance.

30th May 2009, 19:58	#4 (permalink)
maroondevo52 Site Team Is your bank avoiding its debts Data disclosure poll Cagger since : Jun 2006 I am in: Edinburgh Posts: 13,030	Re: Egg loan - disappeared? Hi, Sounds like they've sold it on. Regards. Scott. __________________ Any advice I give is honest and in good faith. If in doubt, you should seek the opinion of a Qualified Professional. If you can, please donate to this site. Help keep it up and active, helping people like you. Bank of Scotland ( Business Account ) Small Claim. Total: £1,027.70 Settled in Full.(October 2006) Capital One Bank (Europe) plc Summary Cause Claim. Total : £1,111,94: Settled in Full. (February 2007) Bank of Scotland (Business Account) Summary Cause. Total: £1,051.60. Settled in Full (April 2007) Bank of Scotland (Business Account) FOS Claim. Total: £4,945.00. Settled in Full (March 2008.