Thanks DX Are you aware if Sole Trader is more liable than a Ltd Company?

Having had a read on here, I am looking at worse case scenario, what if you cannot afford to pay as much as the interest back. Is the situation the same for Ltd and Sole Traders? Any advice greatly appreciated. I am thinking that the first step would be to contact the bank and not the DCA.

Hi Andyorch Thanks for your response. Would that all apply to a Sole Trader?

Hi My husband took out a HSBC BBL in the pandemic as a sole trader. Hasn't made any payments, and now it's been passed to a DCA. I need a bit of guidance...I have read it is best to ignore the DCA, unless they provide a NOA. I did actually contact them with a CCA request. Is it best to contact the bank and make a token payment of what is affordable. I also undertstand that these loans are unenforceable, but as a sole trader you will still be liable. To what extent will that be? If these are government backed loans, how far is the bank like to take this? Any advice greatly appreciated. Many thanks.

Thanks DX I think I'll let them do the work, see what happens, then respond if necessary. That's very good to know. Many thanks.

Hi DX.....yes that's the one...

Hi It was a credit card....and Sainsbury's. Thank you.

I meant I have a Crapquest letter harassing me for something else that is SB. Thanks.

I've got one of those too...!!! The PAP letter is new on me, but I'll have a look and keep my eye open for one.

Hi London Yes I was aware, thanks for that. I just wasn't sure on the SB letter, but as you advised will sit and wait. I am of an opinion that in most of these cases that if there was a dime to have the claims form would have been issued a considerable time ago. Thank you.

OK thank you very much. Yes they have current address. Much appreciated.

Hi London I need to go back to specifics as this started in 2008....was defo SB in 2016....no payments or acknowledgements made. What would you suggest please? Many thanks.

Hi all A long time since I've been on here. I have an old credit card account, that was passed around lots but has recently reared it's head, I know it's statue barred and kept them away prior to that, had the usual threats etc and then yesterday a home visit with a card left. This has been statue barred for 3 years, they know and I know it...last had contact years ago. It has just been sold on someone else who made the visit. Shall I wait to see if I get issued with a claims form or send the SB to the agent? I've lost touch a bit so will need some guidance please. Many thanks.

Thanks Ford...think Ill sit tight.... S.B.

Hi Ford No nothing different...in fact the CCA is worse than the illegible ones prior. I need to check the produced terms that are enclosed but am pretty sure that it's them trying their hand ..especially as they want me to deal with them to settle the balance.... I think I need to see if they apply for a lift of the stay first....lets be honest if they had me bang to rights surely they would have submitted said documents to the court before the deadline.....may it bite me on the ass but they don't scare me anymore.... S.B.

Meant "reply"

So too late for initial court claim I receive another illegible(and unenforceable) copy of the agreement with from what I can tell a generic set of terms. And they (Cabot) tell me that they can now obtain a CCJ...but they would prefer me to deal with them direct. I know they now have to apply to the court to get the stay lifted..so do I sit and wait or shall I rely to their dribble? Thanks in advance....S.B. X

Called the court today and it's defo stayed....so I guess I am pleased about that.......good news....for now...

Ok thank you Andy and Dotty....will sit tight. Happy New Year. S.B.

I know Dotty...... Ok thanks for that. The Claimant sent the letter. Thanks S.B.

Thanks Andy, would the grounds that I have a letter confirming that it is unenforceable and they have no documents not be sufficient? Just wanted to do my upmost to ensure that it doesn't get any further on if I can. Thank you Dotty, I am not sure whether to just leave it or try and bring it to a close. S.B.

I've just checked MCOL and nothing was submitted by Cabot before the deadline...........and no correspondence in the post. So am I right in guessing that this is now stayed? And if I want to apply for it to be struck out I have to pay £155.00? Thanks in advance. S.B. X

Don't worry Dotty...thank you.

It didn't work with this one......well yes according to Cabot no paperwork....

Well I came home to a lovely letter from Reston's this evening:~ Although I have put the Claimant to strict proof they state that I didn't enter in to an agreement with the Claimant blah blah blah and that if I want the details I have requested that I should check my own records, and they are at a loss to understand why I would need such documents. They rattle on about T&c's and recommend that their client strikes out my defence and to stop a judgement being obtained for the full amount plus costs I should withdraw my defence to stop this happening and complete and return the N9A (admission). .....all this when I have it in writing from Cabot that they at the moment my agreement is unenforceable in court... Well they can shove their N9A where the sun don't shine because I am not withdrawing my defence. ...and I am so glad I have already read up on Reston's tactics... Wonder what the response to the discontinuation request will be.... S.B.