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maggsmc

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  1. I wasn't sure if this is debt collection or banking I hope someone can offer some advice: In 1999 my husband's company was in difficulty and we owed money on our natwest business credit cards. this was converted to an overdraft on the business account and we signed a garantee to pay the debt. The company was dissolved in early 2001. the debt was £18000. the debt was passed to unidebt and we set up a payment plan. we were also told by them that it was a fixed sum and not accruing interest. we continued with our payment plan and the debt was taken over by triton credit services (are they natwest?) In all that time we have had no statements to tell us how much we still owed, even though we had requested them. in march this year i rang triton to see what the balance was - hoping to pay it off in a lump sum. i was told we had paid £9400 and the outstanding balance was £33000! i was totally stunned and confused. After much discussion with various people at triton i established that our business account was never closed when the debt was passed on by natwest to a debt coll agency, and that the initial sum owed has been accruing interest as an 'overdraft' all these years. We have never received a bank statement for this account in 10 years and have no copy of our signed garantee. We wrote to triton offering them the balance on theoriginal debt which they refused. can anyone advise on where to go next? (my husband has not run a company since then and has been an 'employee') sorry it is such a wordy post.
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