HELP !! I had a £25k loan taken out almost 12 years ago. There is about £7k left to pay now Dec 2012. 2 years ago I was suddenly not in the position to make the monthly payment (apx £400) and instead reduced payments to £40, £30 or £20/m - whatever I could afford. I discussed my circumstances with them and they seemed to have accepted the nominal monthly payments. With all the interest payments over the years I had pretty much paid off the original debt anyway. At the end of 2010 I forgot to make the November and December £40 payments. Westcot DCA reared its head chasing me and sent a red letter for the whole amount outstanding then. I quickly made up the 2 months. Westcot disappeared and I continued my normal nominal payments. But this year, 2012, I missed a couple months payments, by mistake, and now have received a fresh letter from Halifax saying they have passed the whole debt on to McKenzie Hall. And McKenzie Hall are ringing me every day What should I do now ? Do I completely ignore McKenziie Hall ? Should I write to halifax ?? And say circumstances have not changed, the payments were missed due to oversight, and I will catch up and continue the nominal amounts ? For what it is worth, Halifax has frozen the total - no added interest - so all the nominal amounts have been reducing the balance. I really do not want to get battling with dcas now.... Anyone's help is much appreciated.... Thank you. Ps - I have had nothing in writing from McKenzie Hall - yet.... just know it is them as I googled the number (I did not pick up)

Good day ! I have a very old debt with Hsbc and really need some help, please. I had 2 accounts with hsbc - set up start 2003. A business account - which was simply me trading as XXX. Had a healthy Turnover and with an agreed unsecured o/d of £3k. And a personal account, again healthy with an agreed unsecured o/d of £500. The Business Account was closed end 05. Owing nothing. I continued to trade only using my Personal Acc. Between my business and property rental I had enough healthy flow of income for Hsbc to increase my o/d to £25k by start 2005. The o/d was an "On-demand Form"; Unsecured. However, during 2005 I started to have financial problems and ended up owing the whole o/d amount of £25k. By the end of 2005 Hsbc wanted to transfer my o/d into a Managed Loan Agreement. They sent the papers, but I never signed. So then Hsbc handed over the whole debt to a DCA, Metropolitan. I paid them a nominal monthly amount for 3 years. Then Hsbc wrote, start 09, saying they had assigned the total debt to CL Finance. Again I have been paying a nominal monthly amount for almost 5 years. In total I have paid back apx £4k to these DCAs. I missed a couple payments this year. CL have just written demanding immediate payment of the £20k and threatening Court Action. What can I do ? The debt is unsecured. I do not have the ability to clear the outstanding o/d amount. Would be most grateful for advice. Many thanks x Anyone ?? Can I send a template letter to CL Finance ? Like a SAR ? What form do I send into CL to see if the unsecured overdraft is enforceable ? Many thanks for advice