Resolvecall Ltd

[Nachomuncher]

Hi all, first post here.

 

To cut a long story short,

 

I had a loan from a large UK bank for £20k in 2005,

 

I paid off £5k and was then made redundant.

 

I informed the bank that I could only pay a token amount each month and their response was to add £10k of "reasonable charges" to the debt and sell it on to another company.

 

I then found a job and took out an IVA which I paid for 2 years but was made redundant once more and couldn't keep up the payments on it.

 

I defaulted on the original loan 7 years ago, but stopped paying on the IVA 4 years ago.

 

I have not responded to any correspondence during this time, believing the additional £10k to be unreasonable.

 

Today I received a brown envelope through my door saying I had to call Resolvecall urgently.

 

Any advice on what to do next?

[fletch70]

Does it say what about?

 

If it does there are a whole load of DPA. issues.

 

If not I would wait for a formal letter.

 

Open to alternative ideas

[renegadeimp]

Can you elaborate on these "reasonable charges"?

 

I'm thinking it is unenforceable. Look closer at your info you gave us.

 

I had a loan from a large UK bank for £20k in 2005, I paid off £5k

 

That leaves 15k left.

 

I informed the bank that I could only pay a token amount each month and their response was to add £10k of "reasonable charges" to the debt and sell it on to another company. I

 

That puts the debt at 25k. No creditor on this planet would simply sell a debt of this amount to a DCA for an average 10% of its worth. They would go to court and use that avenue of collection. That way they could get a CO on your house, make you bankrupt, attachment of earnings etc etc.

 

Regarding resolve call, IGNORE THEM. They ar 100% on a phishing trip, as they have seen the amount on their spreadsheet and their greedy eyes lit up.

[Bazooka Boo]

Yes 100% agree, IGNORE Resolvecall, they are trying to fleece you blind, hold fire and wait and see what other missives drop throygh your door.

[dx100uk]

for the sake of £10 i'd get an SAR off to the OC

 

you never know you might have stuff you can reclaim

 

 

dx

[fletch70]

Thinking about it the charges were possibly the contractual interest up until the end of the term.

 

I know of am 18k debt that was sold to dlc, but there again the person was in a dmp.