Hi guys,
I have a DCA on my back for a different payday loan account from 2 years ago which they have bought. They have sent me the agreement and having read through it, there is no clause/term that permits the sale, assignment or transfer of the account to a third party. Can somebody please confirm to me that this is definitely a legal requirement and that without it, they are acting unlawfully?
Also which law does it come under please?
In addition, the account was never defaulted by the original creditor and has been sold directly from them to the DCA. If the account was not defaulted or formally terminated, surely they cannot enforce it?
Thanks in advance
I have a DCA on my back for a different payday loan account from 2 years ago which they have bought. They have sent me the agreement and having read through it, there is no clause/term that permits the sale, assignment or transfer of the account to a third party. Can somebody please confirm to me that this is definitely a legal requirement and that without it, they are acting unlawfully?
Also which law does it come under please?
In addition, the account was never defaulted by the original creditor and has been sold directly from them to the DCA. If the account was not defaulted or formally terminated, surely they cannot enforce it?
Thanks in advance
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