Hi

What is the difference between a credit card company 'referring' a debt to a DCA and them selling it on?

How do you know which one it is and what is the difference?

The original creditor or the DCA will serve a Notice of Assignment informing you that they now own the debt...you can always check vis a credit files to see who the debt is defaulted under.

If the DCA is only collecting or acting for the Original Creditor ...post back here for further advice.

Andy

Thank you for the information, one letter from the OC says it's been 'referred' to a DCA.

Another letter from a different creditor says it has been 'transferred" to a DCA and the DCA says they have been 'instructed' to collect the debt.

Check your Credit Reference Files...that will answer your query

both show by their wording the debt is still with the original creditor. They tryand blur it so you think that somehow you owe the money to the dca, who will add an unlawful fee to your bill for their troubles. basically thye are like estate agents, they have nothing to sell that belongs to them.

letter from the OC says it's been 'referred' to a DCA.

Another letter from a different creditor says it has been 'transferred" to a DCA and the DCA says they have been 'instructed' to collect the debt.

As EB says, unless they mention sold or bought, they are simply the powerless gophers begging for money, ignore them.

Thank you all for your advice.

probably 2007/8 I think.

I haven't sent a CCA request,

I am responsible for all the debt,

I am trying to do the DMP myself.

Most of the other cards are under 5 years old I would think.

It may sound stupid but I was trying to do the right thing.

Got paperwork coming out my ears and trying not to sink.

yes like me you are the 'moral age'

but that means stuff all today

as you've probable paid back what you owed anyway several times over now

can you list your debts and we'll help out?

for each debt tells us..

the original creditor

type of credit

when taken out

defaulted date from credit file

who now owns it now [see credit file

how much is outstanding.

Yes i can, it will have to be tomorrow now though as I have to go back to work. Thanks for your help.

sure

Hi Dx

Here is the information you require:

1) Santander unsecured loan, taken out 2013, £1826 outstanding, default notice sent 11/10/17 not showing on credit file yet. Accepted offer of £10 payments.

2) Santander CC, Taken out 2013, £2934 outstanding, not accepted offer.

3) Virgin CC, Taken out 2009, £685 outstanding, not even acknowledging my letters.

4) MBNA CC, Taken out 2014, £6955 outstanding, accepted offer of £20 payments

5) Halifax CC, Taken out 2014, £4037 outstanding, default notice sent 15/8/17, being awful, constantly doing automated phone calls.

6) Barclaycard Taken out 1995, £12,217 outstanding default notice showing on credit file - date October i think

7) Asda CC Taken out credit file showing 2012 but I thought it was before then, also showing as Sygma bank which I guess is the same as Creation outstanding is £9544. It has been passed to Moorcroft to collect who have recently written to accept my payment offer that I made to creation.

I know it looks like a lot, I have never missed any payments till I found myself out of work. The job I have now no longer affords me the luxury of these debs unfortunately, thats why I have been trying to set up my own repayment plan.

Your advice would be gratefully appreciated.

Is the BC debt still owned by BC?

Wow!

why?

that's peanut

there are people hear with £10k's of debts like these

kill the barclaycard one [ and that will be easy as they'll never be any enforceable paperwork for a 1995 agreement]

and the rest are very low and easy to deal with.

Wow? Yes I know but it has always been paid, I worked hard and earned good money that paid them.

Dx - yes BC is still with BC

are these on your credit file [particularly the BC]

you didnt answer that for each

The only default showing on my credit file yesterday was BC.

The others have issued me default notices

but there was def only one showing on my file.

I have just checked again it is only BC showing as defaulted.

and that date is?

1/10/17 the credit file says thats the last time BC was updated

so you've never since 1995 missed any payments or been over your limit?

I would of expected a much earlier defaulted date in the summary section

No I haven't as far as I recall,

I was working in a good job in 1995 so I can't see why I would and I have worked ever since?

I looked again and it is showing 'account settled' 4/7/17 is that what you mean?

The first payment I missed this year was due 15/5/17.

Why would you expect an earlier default date?

urm if it says account settled

does this mean its now owned by a DCA?

typically for a card that old we normally find people have had previous payment issue and because that default has reached 6yrs long ago the account no longer showed

but as you've explain you financial situation was different to most.

dx

Well if it is no one has told me? I have not had anything from a DCA relating to this card or any letters from BC advising this is what they have done?

it would be advantageous to you if it were

they'll never get a compliant CCA for a 1995 Barclaycard!!