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Help with Various Debts and DCA's


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They could hand the debt to a DCA irrespective whether you continue to pay £10 or less or nil...for a DCA to instigate litigation the debt would have to be assigned to them so until you are informed of this I wouldn't worry.

 

I would assume from your post that you have been paying £10 to HSBC since 2006 (17 years) and therefore keeping the debt alive?

 

Andy

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  • dx100uk changed the title to Received this 'potential commencement of legal proceedings

As most people do.....they would do you a favor if they did assign it then you could request a further copy of the agreement and stop payments as they may struggle to get the relevant paperwork from 2006.

 

Continuing to make payments simply keeps the debt alive...if you had stopped payment in 2006 it would have been statute barred by 2012.

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  • 3 months later...
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the bank wrote to me saying wescot will now administer the account.

 English = Wescot will hound you as we cant be bothered and if you pay them they will take their cut as we have already wrote it off as a loss ......administer :becky:

We could do with some help from you.

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