ok isnt it enough to write on the set aside papers that I was unaware of this debt until december 2010 and even then I requested time to contact the finance company to validate this debt and they have charged me £1997.73 interest since 3rd december?

No I dont think there was any payment protection !

I dont know if ive got grounds this has never happened to me before, so I'll need to investigate !

Guess what ! I arrived home from work yesterday to find a hand delivered letter on my mat (Dated 04/01/11) A Statuory Demand. These people are such shisters not only have they added more interest than the original debt, but the date we first heard from them was the beginning of december ! I went to the court to day and got an "application to set aside a statutory demand" hope the courts read this site concerning these people.

Surfer01 suggested I issue GE with an SAR ? lost me there im afraid

The last payment was made in april 2006 and Im in rented accom but I do have a pension and I was reading some poor blokes post n they took his pension !

Yep it was a business loan, which I thought had been settled, I contacted GE but they said it was "out of thier hands" and to contact Godebt !! real big help !Im not against paying the original debt which is £1200 but not £3800 they want.

I had an agreement with GE Capitol to purchase telephone equipment back in 2002 in 2006 I upgraded the system again and I explained to the salesman i still had an outstanding balance on the 1st agreement, he said that was fine he would consolidate the amount left over and it would be covered by my new agreement. I assumed this had been acheived. At the beginning of December 2010 I received a letter from a company called GODEBT. They told me I owed GE Capitol and they had "bought" my debt and I had to pay them £1843.58 I told them I would first contact GE Capitol. On the 13th December I received another letter from Godebt with copies of letters suposedly sent to me back in 2006 none of which I had received. this letter gave me 7 days to pay £1843.58 if I didnt then they were going to charge me £3814.64 (not a bad markup for a months work!) I telephoned Godebt to say I had written to GE Capitol and was awaiting a reply the man on the other end said that was of no concern to him and kept on insisting I owed the money and he was going to make me bankrupt if I didnt pay immediately, I told him not to threaten me and put the phone down. This morning I received a "Bankrupcy statutory demand appointment letter" via Royal Mail telling me they had called at my address for the purpose of serving me with a statutory demand (didnt know postmen were able to moonlite!) and they would call again on the 12th January !!!!!!!! Advice would be greatly received