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Debt collection agencies
With more an more folk finding everyday life getting harder and more expensive they can soon find thereself's in a battle with a D.C.A so i thought i'd start this thread to see if anyone has any personal experiences or/and idea's on dealing with them
apart from the ignorance or explicit verbal intercourse route ;) |
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Yep - I had a recent one from when I closed the studio. They'd bought a "debt" from BT which they tried to chase. Turns out BT had extended my contract by five years when I'd actually asked them to cancel it. The DCA were chasing five years worth of line rental.
As it was all done over the phone, there was no signature, so I asked BT to supply their recording of the call. Obviously, they couldn't (or they could, and it proved that they'd made a mistake). Related all this to the DCA (a company called Leeds Consultancy Services) and they were perfectly reasonable and helpful. |
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The easy, flip answer is not to get into debt in the first place, but that isn't very helpful advice to anyone finding themselves in debt.
The last thing you should do is bury your head in the sand and hope they will go away, because they won't. The debts will continue to grow and getting out of the mire is harder in the long run. First tactic should be to try and work with them. Tell them the extent of your problems, and how much you can afford to pay them. If they are reasonable, they will accept an arrangement that you can live with. It will stop them hassling you, and gives you breathing space in the long term. You have to keep to any arrangement made, or they will be back knocking on your door. If they aren't prepared to play ball, or if you are in it too deep to make individual arrangements with different creditors, you need further advice. Get some debt counselling (the Citizens Advice Bureau was always good for this). The law is surprisingly helpful to people deep in debt, and you can make a voluntary arrangement with the County Court that will render your creditors powerless to hassle you. Good luck! |
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What I find confusing about debt are the adverts on television, sign up with us first 30 days free, we'll show you how to improve your credit rating.
If I can't get credit it's because I've borrowed too much, I certainly wouldn't want to find a way to improve my chances of getting into further debt. |
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Its hardy surprising people get into debt when you see all these quick fix borrowing short term loads, the money will be in your account within 15 minutes, they are supposed to check out you ability to be able to pay the money back, by law, how they can do that in 15 minutes is beyond me, and with interest rates in some cases over 2000% apr, its tailor made to get you into debt
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[1]"First tactic should be to try and work with them"...... NEVER MATE [2]Tell them the extent of your problems, and how much you can afford to pay them.......... you probably cant afford to pay them anything since your in debt. but besides that you shouldnt pay them anything since you've no contract with them(3rd party).you could thank them since they paid your debt lol ;) [3]Get some debt counselling (the Citizens Advice Bureau was always good for this). The law is surprisingly helpful to people deep in debt,,,, debt counselling??? that place you speak of is never open ive been a few times an its been open once lol as for the law being"surprisingly helpful to people deep in debt" if by that you mean the fact they reg work in hand with the DCA to shaft every penny out of you then your correct ;)....peace |
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i've had a few run in's with them in my time i tend to find the obvious,lawful and blunt approach works best i.e you bought my debt... thanks..... now have fun with it lol ;) |
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Post 166 & one of yours, was my reference point for the comment. ;) |
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I think it's 8 years is the limit for a debt so if you have any old debts beware of answering letters sent to you by a debt company who bought a debt. If it's over I think 8 years then they can't do anything about it, unless there is any correspondence from you about this! What they do is send you letters to try and catch you out - don't reply, if you do they can make you pay it by law! |
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not sure on that1 kes ;) I agree debt Collection is 1 of if not the biggest business earner in the UK but by law the dirty bleeps have no rights to do 90% of the things they get away with lol ;) |
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NOTICE: QUESTION TO EVERY MEMBER:
If someone is in ‘debt’, and someone else comes to the rescue - and pays off the debt[i.e the DCA] - what is the situation? |
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You consciously run up debt knowing you can't(and don't intend)to pay it. The firm you owe money to passes on that debt(at a loss) to a DCA who you refuse to pay. You get away with it! In fact you seem to be proud of it. Isn't that theft? Not just from the firms you wouldn't pay but from the rest of us. Because to cover the losses people like you cause the firms you owe money to they have to charge the rest of us more-so you're stealing from us! You call this an 'obvious,lawful and blunt approach'? What an interesting approach to money- no surprise you don't need banknotes. |
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Isn't that theft? NO i had doubts about the amount the firm was trying to say i owed so i worte them a letter saying i'm willing to pay if they can prove there actual losses added up to the amount they said thus creating lawful excuse for not paying and not theft as you say "Because to cover the losses people like you cause the firms you owe " with all due respect i think there should be more folk like me and less folk who talk the sheepish DRIBBLE like you speak :rolleyes: |
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SHOULD BE MORE FOLK LIKE YOUR GRANDAD ERIC ;) |
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had a debt company threaten me once for a debt that wasn't mine,took advice when the company asked me to pay a bill which was not mine,took months,then got a letter which said the matter had been settled,12 months later debt recovery company rang me,very threatening on the phone and told me they would be coming round to take items out of my house,told them to come and i would let them move it all out,then i would ring the police and make them put it all back,still had the letter from the company clearing me of owing the money:)started to talk to me nice as you like,before i cut him off:alright:
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That way aint gone wi this kid, always been that way.;)
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What's the not so old saying? .. if you owe the bank £300 you worry.... if you owe the bank £3million they worry..;)
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If a DCA is prepared to buy your debt,but then expect you to pay it back to them,surely theres certain things that must happen due to the demands of good faith all round, and civilised behaviour i.e:
1. That they make sure that you actually owe the debt, in the first place. And they can only do this by discussing it with you. 2. That they make sure you agree to pay them back, and (again) they can only do this by discussing it (up front) with you. 3. You should only expect to pay them back what they, themselves, paid out … otherwise they are taking the ****. Do you think those three are fair, honest, honourable, and reasonable? |
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How to Borrow Money, by Stephen Leacock - Classic Essays - A Classic Comic Essay by Stephen Leacock |
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is it not the case that if your unfortunate enough to find yourself having to deal with these fools you can say something even they can understand (because it's simple ;)) i.e:
The Bills of Exchange Act, 1882 says that - once a debt is paid - said debt is extinguished so when YOUR company paid JOE BLOGGS for MY so-called ‘debt’(without informing me 1st) … MY so-called ‘debt’ was extinguished??? I'VE no contract with YOUR company.... now goodbye ;) p.s thanks for paying my debt to joe bloggs :) |
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Thats called responsibility. There is a lot and I mean a lot of information out there to help you decide what works for you. The Debt Collection Agency's are not nice people, but there is a very easy solution, don't borrow, or buy on HP |
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there's a old saying that goes something like
the things you own end up owning you ;) the obvious solution to debt as alot of folk seem to say is don't get into it in the 1st place but fact is some folk (sometimes through no fault of there own) find themselfs in face to face with a intimadating foe demanding goods and payments :) |
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i mean when you get a visit/letter from Bailiffs or DCA, what has happened is they have paid off your so-called ‘debt’ (very cheaply) and are demanding that you pay them back. But did They check with you first to see whether you actually owed monies in the 1st place? did they agree with you beforehand that you would pay it back? do they demand repayment of their outlay? No. They just muscled in.( Did you ask them to? No you didn’t) and paid off your alleged ‘debt’. So that debt no longer exists. And, if they had wanted to be paid back, they should have got your agreement BEFOREHAND … shouldn’t they? NO CONTRACT NO PAYMENT sorry Mr DCA lol |
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Debts become statute-barred after 6 years providing they have not been acknowledged within that time. They can be assigned to a 3rd party, but notice has to be given of the assignment.
"Neither a borrower nor a lender be, for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry." |
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Another way of dealing with a DCA knocking is to make them a notice for your door
i can post mine if it's allowed as i do love a good notice ;) |
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"Neither a borrower nor a lender be, For loan oft loses both itself and friend..." Debt is obviously not just a modern dilemma. Moneylenders were among the most hated people in the past, now it's the banks...things don't really change:rolleyes: |
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another way to try deal with them is by letter..... i love a good letter too ;)
DEAR Mr/s BULLY AT FRAUD DEBT COLLECTIONS It is a basic rule of Common Sense that – if you pay someone else’s debt - then you make sure – BEFOREHAND – that they are prepared to pay you back. If you had done that, your demands would have the force of LAW behind them. Since you never checked anything with me BEFOREHAND, then you & your Company are either: 1. Philanthropists, acting non-philanthropic OR 2. A collection of mentally retarded bleeps, devoid of basic Common Sense/comprehension of LAW. its very simple: DON’T BUY DEBTS BEFORE ESTABLISHING FIRST OF ALL, THAT YOU’LL GET PAID BACK … OTHERWISE YOU ARE " A collection of mentally retarded bleeps" or something like that ;) |
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