Showing results for tags 'debt purchase'.
Found 3 results
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Has anyone ever experienced/heard of a debt company that is chasing a debt and you've not been entirely sure of who they are? I'm looking into the issue of debts being chased years after bank (or other) lenders have given up on chasing it, perhaps have sold it on to another company who are chasing it. Similarly I'm looking into debts that have been chased from firms who have stolen the details of a debt and so theoretically that debt could be paid off to criminals instead of to the legitimate firm, resulting in no change to a credit file. Any information on this, in a UK context, I'd be very interested in finding out more. Cheers Carl -
Arrow Global have noted a debt on my file with Experian starting in 2000 and have 'updated' this as a current debt in 2010. I have not borrowed anything from Arrow Global but had debts pre 2006 that have now been settled or written off by agreement. I have asked Experian to remove this debt from my file and they have referred me to Arrow, I have in turn asked them to supply me with details (paid a £1) but they cannot provide a copy of a contract. Experian will not remove the data from my file even though their 'client' cannot prove the debt. What is the correct course of action in this instance?
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I wonder if there is a law against DCA's purchasing debts from original creditors at a small percentage and then claiming we owe them the full amount or more if they then add interest. Surely this can't be legal. Has anybody managed to find a way of obtaining the purchase price and then challenged it? It can't be possible to claim outright that you owe a much higher amount if technically the original lender has sold it off cheap.
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