2006-07-21 20:08:06 · 9 answers · asked by PW 1 in Business & Finance ➔ Credit
debt consolidation
getting out of debt is pretty easy with a debt consolidation plan
however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is:
http://umgarticles.atspace.com/debt-consolidation.htm
2006-07-24 23:51:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋
no they dont. they take the risk by buying the debt at a knock down price in the hope of you paying up the full whack! its known as a third party debt and they cannot take you to court over it. but they will threaten you with this! next time they call laugh in their face!
2006-07-22 03:18:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They certainly do. With buying your debt they bought all the rights to collect those involving al the legal steps.
2006-07-22 03:14:36 · answer #3 · answered by Suzy21 2 · 0⤊ 0⤋
yes they can ... anyone can buy a debt.... but if a company buys a debt and it under £500.... it wont be pursued in court ( It would cost too much )..
Most credit company's send debts to Solicitors and they send letters out ... this is just a "Scear tatic" to get payment..
As a ex Court Bailiff iv seen this many, many times ...
2006-07-22 04:01:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes they do, if it's done properly. THey are also likely to be less friendly than your original creditor.
2006-07-22 06:50:28 · answer #5 · answered by izzieere 5 · 0⤊ 0⤋
It depends on your original loan agreement.
If it's not in the terms and conditions then they can't do it.
2006-07-22 03:41:30 · answer #6 · answered by 'Dr Greene' 7 · 0⤊ 0⤋
yes they do. hell mostly UK banks controll our money what makes ya think they can't controll your debt......
2006-07-22 03:13:17 · answer #7 · answered by wardancer 3 · 0⤊ 0⤋
most likely
2006-07-22 03:13:21 · answer #8 · answered by Anonymous · 0⤊ 0⤋
dont worry just keep your head down untill you die then its written off
2006-07-22 05:14:03 · answer #9 · answered by archaeologia 6 · 0⤊ 0⤋