ok, this is going to be fired off first thing monday morning. If i don't receive a response in the required time, then cancel the DD?

Ok cool. I'll watch that thread for sure! What do you recommend i do in the meantime? Shall i cancel my DD straight away? or send them the above letter first, as per the original advice i had been given?

Hi everyone, After thinking long and hard about this, i intend to follow through and fight Welcome Finance all the way (whatever it takes). I had initially decided to start paying them a set amount every month (£40) - and then 2 weeks ago i recieved an income and expenditure form from them, basically saying they wanted me to up the amount or they would DEMAND the rest of the amount in full. I phoned them and upped the DD payments to £50 per month, which they accepted. However, now reading this forum some more, and plucking up the courage i'm ready to take them on. Should I go ahead and post the letter above? I might need walking through this a bit - but i certainly intend to see it through all the way. Many thanks for any help provided!

Surely you could sue your ex employer for Libel, since they have damaged your reputation by claiming you were doing something illegal, which you were not.

Ok, so tomorrow i'll send this off and i'll post the reply (if/when i recieve it) on here. I'll also phone the bank and cancel the DD. I'm going to have to find out their bank details i guess, in order to set up a standing order. I bet you that won't be easy? Or perhaps the bank can use the DD details to make it into a standing order? Again, thanks for the help!

Thank you for the speedy responses. So should i cancel the DD and set it up as a standing order instead? I'll send that letter out first thing tomorrow morning, recorded delivery. One thing i am concerened about more than anything else here is winding them up so that they then request the full amount oweing. At the moment they are saying that i could pay £2000 to settle the entire matter. If i persue this, is it likely they'll take that option off the table?

I was sent the letter below a few weeks ago by welcome finance, on a loan i had taken out with them 2 years ago. I phoned them up after recieving the letter in order to arrange payment. I had been intending to make payment to Welcome Finance after i had started working full time again last year - but as i hadn't paid them in quite some time, my account had apparently been moved to a DCA, and thus any attempt to actually pay them was put off. I was told a couple of months ago to do nothing until i hear from the DCA. So that's why i hadn't paid welcome finance. And then this letter arrives for me a few weeks ago, from welcome finance (and not a DCA). Anyway, after speaking to their collections department i've set up a temporary direct debit, for them to take £50 from my account every month. The guy on the phone was quite friendly, but he did say that after a couple of months on this payment plan they would then require proof of income, and incomings and outgoings - so that they could revise it or prove that this was all i could afford. He said he would be willing to settle the entire account and close it down if i made a payment of £2000. I said i would try to do that in the next couple of months, and that for the timebeing i would pay the £50 by direct debit. So while i've got 2 months, i just thought i should post the original letter here, and find out if i have any other options. I don't want to disclose my incomings and outgoings, i don't want to have to fork out £2000 in one go (i can't afford that), and i most certainly don't want them to end up getting an attachment order. Here is the original letter, any help would be appreciated:

The CC and loan company do not have my current address. So should i contact them in order for them to send me a letter? Otherwise, anything i send them will not get responded to at the correct address. They are both around 2 years old.

For the HSBC overdraft one, no suprisingly not. The amount owed is the amount used by us at HSBC. Although curiously, we had no overdraft facility, yet somehow they allowed a couple of cheques to go through. I'm not disputing that debt, just suprised that they gave us the ability to spend money in an overdraft that doesn't exist, and that they've passed it onto a supposed solicitors for collection. With regard to the loan company and credit card company - should i just sit tight and do nothing?

Hi there, I'm new to these forums, and have spent the better part of the last 48 hours reading before I registered. I've been through financial hell for the past 2 years - although having read some of the nightmare stories on here it sounds like i might have had it easy. I owe a few debts, all of which are with DCA, and i'm now at the end of the tether with them. Some background... A couple of years ago I took out a small unsecured loan (£2000) with Welcome Finance. It was registered at my old address, and I was due to work a couple of months later with a new company and would easily be able to pay off the loan (which i had gotten out at that time to pay a few months worth of rent where i was living). Around the same time I also had a credit card with paypal with a £3000 limit. Everything went wrong when the job i was due to start told me they did not need me. So i ended up freelancing (still am) and had to move to another apartment. Needless to say I didn't pay any of my loan or credit card debt back. The cc has never attempted to phone me, and thus they do not have my new address details. The loan company would phone me every few months trying to set up a payment plan, and I must have given them my new address as i did recieve a couple of letters from their billing debt department whilst at that address. In recent months, i've moved yet again (to a still cheaper apartment), and as i've moved here the loan company phoned to inform me that they were passing the matter to a DCA (but wouldnt tell me who). Now my question is this: The DCA for the loan, do not have my current address (nor do the loan company)... they havne't phoned me yet (the loan company apparently gave them my debt a few weeks ago). The credit i had, has never tried to contact me, and has an even older address. If i wanted to attemp to pay off these debts or have them written off i would need, in the first instance, to give them my current address. But by me doing that surely i'm opening a can of worms for them to start harrassing me? I'm really not sure what to do. If these companies are sending letters to my old address (and i have no way of knowing) couldnt they default the debts, and get bankruptsy or attachment of earnings orders issued on me? Lastly, I ran a business with some friends a few years ago which got absolutely nowhere (which resulted in me needing to get a job and get into this financial mess in the first place). I recently got contact from a solicitors called "DG Solicitors" (acting on behalf of HSBS) asking to collect the outstanding balance for an overdraft we had (for £1000). They do have my current address, and all contact details, as the HSBC account we had was up to date with my address as the "registered office". We no longer operate as a company, although we are still registered with Companies House. They are asking for payment within 7 days. They phoned the other day and caught me off guard... I paid them a token £20 so they would stop proceedings. And I then asked them to send me standing order forms... I may have shot myself in the foot... but wondered what i should do with this? So there you see, i have multiple debts, and i'm a bit confused as to how to tackle each of them. It really is a stress and a strain on your daily life. It's hard to put into words the effect of having debts hanging over your head can have. Any help would be appreciated!