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Anyone had any dealings with Credit Security Ltd?


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I think a lot of DCAs accept £1 token payments, if you have sent to them your income and expenses they don't really have a choice. And although the debt is £5500 they will have bought it for a lot less than that so will prob end up making money on it.

 

Have you sent a cca request to make sure they are entitled to collect the debt? That is the first thing you should do. Although keep paying the £1 in the meantime.

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You are perfectly within your rights to ask to see a copy of of your agreement and it should not affect the payments. After all you have demonstrted that £1 is all you can afford to pay.

 

It doesn't matter how long ago they bought the debt, they are still not entitled to seek payment for it unless they have a cca.

 

I would send off a cca request. They can't force you to pay what you can't afford. If it is enforceable and they have a valid cca then fair enough keep on paying them the £1 but they can't force you to increase this if you can't afford it.

 

If not it would be up to you what you wanted to do about it. You could continue making the payments but without an enforceable agreement you wouldn't have to.

 

If they can't provide a valid cca and the bank do not have a copy then it is game over. They can't enforce the debt and you won't need to make payment. There is nothing they can do about it.

 

I think it would be worth while sending a cca request. It wouldn't do any harm, as I say, they can't force ou to pay what you can't afford whether they have a valid agreement or not.

 

Hope that helps.:)

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then this debt becomes unrecoverable by anyone?

 

Basically yes. While the debt still exists without a copy of the credit agreement the debt is unenforceable even in a court of law.

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

BEWARE OF CLAIMS MANAGEMENT COMPANIES OFFERING TO WRITE OFF YOUR DEBTS.

 

 

Please note opinions given by rory32 are offered informally as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

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I was the same when I first started on this site. Because I had been paying them already I thought they would find it a bit suspect that all of a sudden I was disputing it.

 

But it is your right. It is up to them to prove the debt exists, not for you to prove it doesn't.

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Before I found this place it was like a cloud hanging over me that I couldn't get away from. CAG has given me the confidence to take on the power of the banks and dcas and not allow them to bully me anymore.

 

Remember to post a £1 cheque or postal order with your cca letter, thats the maximum they can charge for supplying it to you. If you don't then they sometimes use it as a stalling tactic. Writing to you to tell you to give them the £1 before they will do it. It's best to pre-empt them on this. Don't give them any excuses!

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Remember to send the CCA request recorded delivery and don't sign the CCA request.

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

BEWARE OF CLAIMS MANAGEMENT COMPANIES OFFERING TO WRITE OFF YOUR DEBTS.

 

 

Please note opinions given by rory32 are offered informally as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

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