Re: The story of a debt

I'd send them back as "moved away" if I were you. Not only will they effect your credit rating at that address, but these people do have some unpleasant tactics up their sleeve.

They might call you neighbours to ask them to pass on a message, or even turn up on the doorstep mob handed.

The Banks decided a few years ago that the County Court system wasn't on their side. I guess it wasn't hanging enough people :-) So a they started to employ some very dodgy characters to do their debt collection.

Well, you say this, but how come, between them, over two years, seven different agaencies have failed to take any action? How much do they get for selling a debt on?

Adrian

I'm think we're wavering off topic a bit, but if the person being chased has no assets that can easily be turned into cash, then the credit chasers are fairly toothless.

1. The person goes bankrupt and in a years time comes out of bankruptcy with no debts.
2. They get a court decision and send in the bailiff who finds they own nowt worth taking. They are then left picking up the court fees plus the cost of the bailiff.

So they tend to huff and puff in the hope that anything no matter how small gets paid off the debt.

Not that I've any sympathy with the CC companies. The way they've been pushing credit is downright irresponsible.

I always wonder in this situation how the bailiffs can tell who owns the things in the house they take away to sell. For example in our house (I'm not aiming to go bankrupt so I hope it doesn't happen) quite a lot of the computer hardware (most of it in fact) is owned by a Ltd. company and isn't my private property. Won't the Ltd. company be able to drop like a ton of bricks on the bailiffs for nicking their property?

"Edward Cowling" wrote

I thought they'd stopped credit ratings based solely on *address* - don't they also now need the *name* to match-up?

"Edward Cowling" wrote

What, - surely not *illegal* ones?!

"Edward Cowling" wrote

Rich pickings for the litigiously-minded victim?? ;-)

If you own the shares in the Ltd company, they could go for that, and force the company into liquidation. Otherwise, yes the Ltd company would have a case.

Eh, you mean that you lived at Flat 10, 71 Brathway Road as well?

Small world isn't it :-)

John

Nah - Peter lived there at 18:52 and moved back in again at 18:58:-)

hey, i got a CCJ (equv.) in my favour and had to employ some dodgy characters to do my debt collection as well!

in the end i succeeded by arranging affairs so the guy couldn't sell his house without paying me first, and every day he left it, the debt increased by a very tidy sum relative to what i could get for the money in the bank.

a great investment! - i would recommend it if anybody is in a similar position.

rob

care to post how you managed that? useful to file away somewhere for a rainy day...

In message , Tumbleweed writes

I assume he went to the court and asked for a charging order, i.e. a charge in his favour ranking behind any other mortgagees who were in the queue first. Oh, and he was able to obtain a high rate of interest on it as well!

(hmmm, I've just noticed his name is ROB, hmmmmm,,,,)

Sure: It was in scotland (not sure what it's called in england) and I applied to the court for an inhibition, which basically meant that he couldn't complete on any property transfer (buy or sell) without first being released from the inhibition. Once he paid up, I was obliged to grant release.

What I was sour about was the pathetic upper limits available to me compared with England, Wales and Ireland.

Rob