thanks gust, this is why i'm asking if anyone can give me some advice on this issue ,i came across this site when i was looking into them on the net and thought others might have had some experiance with them.

dx i dont quite follow! to me it sounds quite straight forward, get a van on hp from ford the finance was through santander, 18 months into a 4 year contract the resession hits, my work is reducesd like 90% of the country i can no longer afford the payments so i have the van repossed, now 2 years later i recieve a letter from a company called Link Financial saying they have bought the debt and i have 14 days to pay them £5000 which i am guessing is the amout total they came to after selling the van . which bit of this doesn't seem straight forward? am i wrong in thinking that these companies buy debts all the time then persue the original debtor. all i am after is a little advice from anyone anyone who has had experiances with Link.

hi dx i will see if i can find the original agreement over the weekend, i know it was on hp not through the business though i didnt tell them to come and get it they just turned up and blocked my van in with theirs and said they have the right to retrieve it, to be honest i wasn't going to fight them as i couldn't afford it anymore so i know i had no rights over it. i signed a piece of paper once they had checked over it for any damage then they took it. as far as i'm aware it was sold and that must be where they got the figure from of £5000 with the sale of the van offset with what i originally owed. i didn't Voltuntary terminate the agreement at all.i have still got the piece of paper at work that i signed when they took it so i will find it out after the weekend. hope this helps.

Hi bandit127 in that case I know it was on hp if that helps

Thanks for the reply. A few questions, what is the difference between hp or pers and what is vt and vs? I hadn't payed over 50% and it was repo, it took place at my work by a company sent to retrieve it

It was for a pick up van. I don't remember getting a notice of assignment letter from santander.

last time i paid was when i was still upto date with the original payments which was around 3 years ago. no acknowledgement of debt since then. i have read the link you sent thank you for that, if they dont have the original purchase agreement does that mean they are not legally entitled to the debt

it says they have bought the debt

hi i'm looking for some information regarding a letter i received from link. the letter says i owe £5000 referring to a repossessed van in 2010 which was originally take out with santander , they now say the debt is with them and i should pay them in full within 15 days. please could someone advise what my next step should be as i didn't take this debt out with link originally so dont feel i should start paying them now.