old debts

[dandoc]

Hi all.

I'm new on here and was hoping somebody could advise me.

 

 

in 2004 I had a lot of financial difficulty and my life fell apart leaving me in a fair amount of debt.

 

 

My main worry was a HSBC loan of around 5000 pound and a credit card from the same company of around 1500 pound.

The last time I made any payment or acknowledgement of this debt was in 2006.

I have now sorted my life out and even have some sort of credit rating as I have 2 cars on finance and 3 credit cards all of which I manage quite well.

 

Recently I have been contacted by compello group asking me to verify an old address I lived at in 2008 as they wish to contact me concerning a personal matter.

 

 

I moved from the address in question in 2008 and never looked back or acknowledged any debt I had whilst living there.

 

 

I know this company will be looking for me concerning these debts

 

 

I was hoping somebody on here could please advise me on the next steps to take.

 

 

I am aware of statute barred debts but I'm not clued up to it all.

 

 

I want to do credit checks on myself but don't know where this will leave me as will other old debts be brought up

or will I be acknowledging debts by doing this.

 

 

Any help would be gratefully received.

Thank you.

[dx100uk]

if they are that old they are SB'd

 

 

I would suspect that as you say, you've current credit

then all your new details are know

 

 

so it wont hurt to get your credit file.

 

 

nothing to worry about

and nothing to pay anyone.

 

 

a DCA is not A BAILIFF

and have

NO SUCH LEGAL POWERS.

 

 

the debts are SB

fleecers can 'ask' you for payment

you can ofcourse 'ask' them to go away.

 

 

pers I'd not be responding.

 

 

dx

[dandoc]

Thankyou for your fast response.

Looks like my next step is to do credit checks on myself right now then.

I will wait and see what other letters I receive from them and take it from there.

As these debts are SB then am I right in saying that they cannot take legal action against me?

I very much appreciate your time my friend.

Nice 1

[dx100uk]

correct

 

 

don't start letter tennis with anyone.

 

 

dx

[dandoc]

That may have been my next move.

 

A lot of these forums seem to be advising sending the SB template and requesting cca's.

 

I take it your not recommending I do any if this then?

 

I am willing to take your advice and just blank them but I don't know how strong they are going to come on as its still early days yet.

 

I have researched this company and am well aware they buy SB debts by collecting your info from experian

so will wait to see what they try and pull next

[dx100uk]

if the debts are SB'd then if/if not they hold an enforceable CCA is totally immaterial

 

 

if they were stupid enough to try or get a CCJ via say an old address

by the backdoor as they do, then at some point you'll find out

and its then you use the SB card.

 

 

dx

[renegadeimp]

Ignore everything unless you get a court claim pack.

[dandoc]

I have just done credit checks on myself

 

 

they both say I have no ccjs on there and there is no mention of any defaults

so I'm prepared to take your advice DX and just ignore them for now.

 

I was quite surprised my credit report came back as fair to be honest.

 

I will now wait and see what post I get from these lot next.

 

Thanks again for your advice.

 

Renegadeimp do you think they can even get it to court?

[fletch70]

If they think they may get a default judgement they could try court.

 

 

If and when they do write to you , I would send a combination of the prove it letter and statute barred letter.

 

 

I am not saying letter tennis just let them know the position.

 

 

Are you sure they are for these debts?

[blueda]

The advice that you have been given on this thread is correct, don't contact them in any way.

[dandoc]

Fletch70 Yes they will be for these debts as I have done my homework on this company and their next move is to start sending letters from their recovery division. They specialise in buying SB debts apparently so I will just ignore like I have been advised and see what comes from them next.

If they do mention courts then would be able to provide me a link for these prove it and SB letters please just in case.

I'm not going to reply to anything unless I really have to.

[fletch70]

That's fair enough . Just be aware though that Compello do not only buy SB debts and they do litigate

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?387363-You-know-nothing-of-the-Debt-Prove-It-**Updated-21st-April-2014**

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?387368-Letter-to-be-sent-when-debt-is-Statute-Barred-**Update-21st-April-2014**

 

They would be the two letters you may need.

[dandoc]

Thanks for that. Any debts I do have are defiantly over 6 years old so should be statute barred anyway so are they likely to

I have nothing on my credit reports like ccj's or defaults as I can see so hopefully they wouldn't even waste their time taking it to court. I'm just going to wait and see what comes through the post then.

 

Thankyou all for your advice so far. I'm sure I'll be on again soon as I receive my next letter.

[renegadeimp]

If the numbers large enough theyll try court. If 1 in every 100 claims issued results in a judgement and/or payment, then theyve made a profit.

[fletch70]

If the numbers large enough theyll try court. If 1 in every 100 claims issued results in a judgement and/or payment, then theyve made a profit.

 

Without wishing to argue I think your arithmetic is flawed . For those figures to be true they would need to be paying less than 1% of the cost i.e under £1 per £100 of debt. I thought the current rate was more like 10-20%. If paying 20% they would need 1 in 5 to end up with full immediate payment to break even at gross profit level

[dandoc]

Hello again.

 

 

I received a letter from MKRR today which I know is part of the same company stating that they bought the debt from HSBC in 2011.

 

In the envelope was another letter from HSBC addressed to me stating that they had sold the debt to MKRR.

Both letters had the account and sort code on it but I was left thinking why did they come in the same envelope.

Something seems a bit dodgy there if u ask me

 

 

At the min I am prepared to take the advice given and ignore them for now but what I want to ask is can they place a default on my credit report for this debt even though I believe it is SB as like I said before no payment was made after 2006.

[dx100uk]

if the debt is not showing

it can not magically re-appear

 

it is quite usual for the NOA from the OC

to be sent with the sale letter from the debt buyer.

they are allowed to use copied logos

 

 

dx

[dandoc]

Do you think I should just still ignore them then

[dx100uk]

for now yes

 

 

dx

[dandoc]

Thanks again for your time. very much appreciated.

 

 

ill let you know what happens next.

 

 

dandoc