Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
I have received a letter from Natwest this morning offering to settle in full - but they want to credit the money to my account, which I no longer use.
Can they do this? I would rather have the cheque.
Should I just write back and ask them to confirm that they will send a cheque?
I had an agreed overdraft about 5 years ago, and due to financial problems, I switched accounts. The amount I owe is now being dealt with by a debt collection agency, who I pay each month. They then send some payments to Natwest to pay off the outstanding balance (I only found this out recently, as far as I was aware, Natwest closed the account, as I have had nothing paid in for years, and the money from the debt collection agency only started going into the account in the past few months.)
I think the money will go directly to Natwest to pay off your debt with them. This might not be what you want to hear.
Is the debt collection agency charging you for their service? I don't mean to pry but you may be better off using the CCCS if you can get out of this agreement,
But the amount you owe to Natwest, well, it's their money.
IMO, they have every right to offset the refund against the debt.
But HEY! One less debt to worry about, one less lot of interest to pay every month, one step closer to financial recoverry!!! It's a GOOD thing! You never expected to see that money again anyway, so be happy!
Apologies to people who I was in the process of helping, I may be gone some time.
Natwest settlement?
this morning offering to settle in full - but they want to credit the money to my account, which I no longer use.
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