Thanks for advice. Much appreciated.

Hello again Consumer Action Forum! Not sure this is the correct forum to place on, so feel free to move. I've been given a (relative to me) large amount of silver bullion and I need to sell it to help service my debts, (see my previous thread!) However, when my friend bought it they had to pay 20% VAT as silver is not CGT exempt, unlike gold. So the price they paid originally was slightly above spot price+ 20% VAT. Now to sell it, it would be slightly below the spot price so a loss anyway, but when you add on the 20% VAT originally paid it's a MASSIVE loss. Question - is there anyway I can sell and add the VAT back on to the buyer in the same way my friend had to pay when they bought it, so at least we break even?

Thanks @Andyorch - that's the perfect explanation I was after! I'm a renter, so the home-owner stuff won't apply. However it's good to see an overview of all the options. I feel more confident now to decide which option is best for me going forward. Thanks again. (Feel free to close thread now I've got all the info I asked for)

It's pretty much all done online now. I know mine was. They had a box for me to tick saying "electronic signature", so I imagine that covers them in proving I have "signed" and accepted their T&Cs.

"Pure Crap!" I see you never completed your charm school course then! They may be crap to you, but I'm trying to learn, so would appreciate a less arrogant and dismissive tone please. Could someone answer this question for me please, If I simply go "radio silent", then I guess I will eventually receive a letter of claim. I would not have any grounds to defend it. I owe the money fair & square. When it goes to court and Halifax win judgement because there's no errors in paperwork, debt is duly owed, etc. What happens then? Do I have to enter a payment plan based on my realistic I&E, do I get a CCJ? What happens if I then refuse to pay? Would bailiffs eventually become involved? I'm just trying to look ahead at the potential endgame of all this options. Thanks.

I beg to differ. Based on the information given, it is 100% fraudulent activity on Amazon platform AND on the bank account honouring these unauthorized DD's I'd be interested in hearing DX100UK's reasons for being so confident it isn't that he felt the need to shout with capitals?

Hi, I've no advice to offer unfortunately, but I'm in a similar position with Halifax myself. So will be watching this thread if you don't mind. If I hear anything which might help you too, I'll post here.

Hey guys, I'm after a little more clarification please. It's more a general point, so I can start a new thread if more appropriate? Appreciate your thoughts on this because I've been reading online and I can't just get my head around it. Massive amounts of unsecured debt with one lender. (My situation). How do the dice fall with the following courses of action: 1. I just stop paying. I get into arrears, a deforestation of paper arrives threatening all sorts. They default me. Immediately the clock starts ticking down to 6 year statute barred so long as I don't move and defend any letter of claim which may or may not arrive. 2. I phone them up and say I need breathing space, freeze the interest. Yet in reality I'm only kicking it down the road because I still won't be able to resume payments even after the break. 3. I phone them up and come to a payment arrangement of £1 a month, and can send I&E forms to prove this is reasonable. However, in doing so, I won't ever be defaulted and am running the debt to infinity. 4. Pay £99 and go for a DRO and then have it all done in 6 years, since I can't get any more credit anyway, it's not such a problem. 5. I've read enough to know I should never just bury head and run from debt, lest a backdoor CCJ gets issued, or worse, "bob the bailiff" turns up at my front door in his size 12's kicking my car, etc. What is the definitive best action for me, please? Obviously not, number 5! I'm reading such conflicting advice here - no one ever seems to come back to say how following the advice here worked out, so I'm concerned that it's all social media keyboard warriors with no come-back. Since I've also read by site teams' admission none of you are legally qualified so it's all "Bar Stool Preacher" online tip. I''ve got about 8 days breathing space left before I will have to choose a course of action, so any definitive response would really be appreciated. TIA.

OK, thanks for the advice. I was thinking along the same lines.

Sorry, I didn't mean to sound needy. I was recommended this site by someone. I'm sure you can appreciate how it's weighing heavy on me. I'm grateful for any responses! As you're site team, what's your opinion please?

anyone?

Hello Consumer Action Group, I really need some advice here please. I've had a read around all the debt forums here but the advice seems very patchy when it comes to pre-empting problems. Some posters seem so sure in their ways that it's always better to just default asap rather than coming to an arrangement with the original creditor to pay £1 a month and running the debt to infinity. Also, the assertion that original creditors "never do court" is not true. A bit of backstory: I have about £23k unsecured debt on a Halifax credit card. In my opinion they should never have extended my credit facility to this level based on my income. However, I'm not going to be winey about it, I am where I am, and I enjoyed spending the money too! Suck it up matey, is what I tell myself. I know certain posters here say "throw the morality card out the window", but I did have a lot of fun with their free money, I feel mildly obligated to pay it back. I was doing alright with that, until hours cut at work. A parent had medical issues abroad which I had to be there for, blah, blah. I know find myself for the first time in my life unable to service my minimum payment come mid-August. Things are not likely to change. In fact if anything they're about to get a helluva lot worse! ( MH stuff, I don't want to go into details with this). What is the groupthink here please? Is it better to write to Halifax now and say please reduce me to token payments and freeze interest indefinitely, until such time as I die. Or default me now, so I can go for a DRO Or default and wait until it's sold to a DCA and then just ignore because a "DCA is not a bailiff and has zero power". I'm truly out of ideas here based on reading around your forum. However, I know that burying my head in the sand isn't an option, and I've not missed a monthly payment yet, so want to get my head in the game before it all falls down. TIA.