If a Company buy a debt you owe !! do they have full legal title n the UK !!?
Answers:
debt consolidation
getting out of debt is pretty easy with a debt consolidation plan
however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is:
http://umgarticles.atspace.com/debt-cons.
yes they do. hell mostly UK banks controll our money what makes ya think they can't controll your debt..
most likely
They certainly do. With buying your debt they bought all the rights to collect those involving al the legal steps.
no they dont. they take the risk by buying the debt at a knock down price in the hope of you paying up the full whack! its known as a third party debt and they cannot take you to court over it. but they will threaten you with this! next time they call laugh in their face!
It depends on your original loan agreement.
If it's not in the terms and conditions then they can't do it.
yes they can . anyone can buy a debt.. but if a company buys a debt and it under £500.. it wont be pursued in court ( It would cost too much )..
Most credit company's send debts to Solicitors and they send letters out . this is just a "Scear tatic" to get payment..
As a ex Court Bailiff iv seen this many, many times .
dont worry just keep your head down untill you die then its written off
Yes they do, if it's done properly. THey are also likely to be less friendly than your original creditor.
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