- WIFES DEBT
Question: I am a recently discharged bankrupt. However my wife has debt i to one credit card in her sole name the only income either of us has is benefits can the debt collectors come after me for her debt. I am not and was on any agreement she had with them. Answer: If the debt is in just her ...
- debt collection agreement
Question: I have agreed a payment plan with a debt collection company and they put me on the spot and could not think of all my outgoings,so i think i will struggle to make the payments do you know if i can cancel the agreement and come to some other arrangement?thanks Answer: I would hope so as ...
- I have an outstanding debt with a debt collection agency is there any way I could get a mortgage?
Question: The debt has been dormant for 2 1/2 years as I offered to pay a minimal amount each month (30 pounds) but they refused my offer and said that I would need to pay the full amount of approx 6000 pounds or go to court - I explained that this amount was out of my control and that I would g ...
- I am being pursued for a 'clawback' debt that I am told I owe to a Financial Services Network . . What time barrs are there . .
Question: The debt is £4,800 worth of commissions which I am told relates to insurance policies sold way back from 2000 to approx 2002. Those policies have since cancelled and the commissions need to be 'clawed back' from me. Can they come back to me for this money now . . . they had ample ...
- I cannot pay my loan
More Info: I have taken 24000 pounds from bank since 2003. For one year I paid regularly after that I had to stop paying the loan till now. I have received some letters for about a year and after that my address changed. I dont know whats happening? I just want to know what will happen? What ...
- Old debt new partners
More Info: I have been going out with a guy for about a year who got himself into debt between 5 & 10 years ago due to an ex-wife who upped and ran leaving him about £10k in debt, which I believe has never reached a conlusion as in he never went to court or reached agreement to pay.etc.... ...
- Can an unpaid unsecured loan be written off if I don't have contact with the lender?
More Info: Can an unpaid loan be written off if I don't have contact with the lender? Can I go to prison for not paying an unsecured loan? Answer: If a lender allows time to pass without receiving any payment an action for recovery may become barred. Under the Limitations Act 1980 the time limit ...
- Can a unsecured debt be persued after10 or more years?
If the loan was an unsecured loan and there has been a period of 6 years or more during which you have had no contact with the lender, either by phone, letter or by making a payment, then the loan may be considered to be statute barred, and as such any remaining debt is not payable. This link wi ...
- I think a debt collector calling me is being unfair because they never really identify who they are?
I think a debt collector calling me is being unfair because they never really identify who they are? Debt collectors are guided by the Office of Fair Trading about what unfair debt collection practices are. Debt collectors may not use official looking correspondence that is likely to confu ...
- What can debt collection companies actually do?
Debt collection companies are commercial firms that are employed by creditors to collect debts owed to them. Typically, debt collection firms are paid a percentage of what they successfuly collect from a debtor by the creditor they are working for. Debt collection companies have no more rights t ...
- I just got off the phone with the debt collector and they said that if I don’t pay I will go to jail. Is this true?
A debt collector may not mislead you by stating that civil court action will be taken against you, when in fact it won’t and they can’t imply or state that failure to pay is a criminal offence. This does not mean that if you are guilty of credit fraud, identity theft, etc. that yo ...
- A debt collector keeps calling my aunt telling her that they are trying to get in touch with me regarding a debt I owe and if I don’t pay, she will have to. Can they do this?
A debt collector should never do this. Debt collectors are specifically instructed that the use of physical or psychological harassment is not allowed. Examples of this type of unfair practice include: insinuating or stating that others, not contractually liable for the debt, will be for ...
- The debt collector says they won’t work with an outsider if I get help for my debt. Is that true?
That is not true. Debt collectors and debt collection agencies are required to deal with third party money advisers, like Myvesta, that you appoint to represent you. Once notified, the debt collector cannot bypass your appointed representative and contact you directly. They must also negotiate ...
Debt Collection
