Is Egg Banking still trading?

Egg banking (mortgages and savings) is being bought by the Yorkshire Building Society

Egg credit card is now operated by Barclaycard

Citigroup (Eggs owners) are getting rid of all non-core activities ecause they are in financial trouble.

If you owe money to Egg, you will still owe money to someone, the loans are Eggs assets and can be bought and sold in the same way as the stock is sold if a shop is sold. All Egg loans have been sold to a range of companies.

Loans are often sold from company A to company B - they are sold at a % of value on the basis that some will default. If company B is good at collecting defaulted loans, they will make a nice profit.

Egg Banking Ppi

The above answer is correct. The Luxembourg outfit are a cover. What is not explained above is that there are certain other things which you need to take into account:-

1. Check whether there was a PPI attached to any Consumer Credit Agreement which you had with Egg. Barclays and Yorkshire Building Society will not provide these, even under a Section 78 request. But the assigned collectors must by law.

2. Check whether the debt may be time barred. i.e. if there as been no contesting of the debt and no payments or agreements have been made within the past 6 year, the people who bought this det have no grounds to pursue you. If this is the case, simply reply that it is time barred and that you are unable to make any payment and are unable to communicate further with them