Hi all,
First time poster so be gentle with me.
I've been reading the absolutely fantastic advice contained within this site and it heartens me that there is a collective fight back against the sometimes sinister and rogue practices that go on in the credit industry.
Anyway, remarkably i've received a letter completely out of the blue from Red Castle Recoveries stating that I owe in excess of £10,500 on an unsecured loan via Marks and Spencer Money. Nothing remarkable about that, but the debt is at least 15 years old and I have never received correspondence from from them in that time. Not even a court summon, default letter nothing!! Admittedly, I lived somewhere else when I took the loan out way back far more that a decade and a half ago, but moved to my present address in the midst. I can only assume the debt recovery people have trawled the voters roll and credit reference agencies etc. and found me at my new adddress despite me living there way over a decade.
The debt collection agency threatens to send a door step agent out to my address but says that if I pay up within 10 days they'll reduce the outstanding debt alleged to be owe by £4,000. I have not answered yet but i very tempted to as I am buoyed up by the gems of wisdom and informationed within this site.
Any direct advice one give please?
Thanks.
Blue