Response to Facility Trading Services and Knowle Portfolio Investments - what are their tactics

Before you consider any contact with this company please refer to the limitations act. The lender has 12 years to sue for capital (6 for interest) from THE ACCRUAL OF THE CAUSE OF ACTION. This is the point where the lender was entitled to demand the full outstanding balance because of your default and was normally at the one or two months worth of arrears point. Each time you make a payment after this date the clock starts ticking again. Each time you make an acknowledgement the clock starts ticking again.

There is also another aspect which you should also consider. Was the loan originally with another company such as J&J Securities, CMC, Ocwen? I ask this because Knowle Portfolio took over the shortfall cases from Ocwen Limited by way of an assignment dated 30th November 2000, even though Ocwen ceased to be a limited company on 27th November 2000. It is not always as straight forward as it appears to be. Maybe you would be wise to give the National Association of Mortgage Victims a call before you do anything. 01889 507394. Hope this helps

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