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Charging Orders again...


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I have searched but couldn't find the answer so...

 

Is it normal for a DCA who have purchased a Credit Card debt to obtain a Charging Order to secure the debt?

 

I did a little research on the net and found a CO can only be applied for if a CCJ or other court order is in place on the debt,

 

where I'm confused is if the DCA has purchased a £5000 debt for say 10p on the pound (£500)

and can apply for a CO to secure the debt,

surely this gives them a very easy way to make a lot of money!?

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It is not unusual fot this to happen, and yes this is the way the Debt Purchaser.DCA makes their money.

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tell us the debts story please

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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