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fiogiff

reclaimed bank charges and debts sold to DCA

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just a quickie, if a bank has sold a debt to a DCA and the debtor then decides to claim unfair bank charges who gets the money? Surely the bank cant ofset this against the debt as they have sold it? I am in the process of claiming back charges but have outstanding bank debts sold to DCA

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Hi

I have similar queries as yourself.

I have 1 credit card account defaulted since 2005 which has been sold to Wescot. If I make a claim for payment of bankcharges and other monies which Wescot add to the account where would the monies from the claim go to, would Wescot be allowed to claim them from me to pay back to the account or would the monies go to the original creditor or would it come to me.

I have a 2nd credit card account with an original creditor whic was defaulted in 2004. What would happen to any monies claimed against that account, would it go to the original creditor.

I would be happy for some opinons /advice as I would not wish to go through the claims process until I know who is going to benefit.

Loring

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Hi Fiogiff

An experienced poster on another thread of mine "Bankruptcy and Personal Pensions" has said that the bank will just take the money, so I do not see why I should go to the trouble of recllaiming unfair charged if yhr bank is going to keep the money.

 

Loring

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It looks like we are heading in this direction but if your claiming bank charges would that not put the debt " in dispute" and therefore no payments should be paid to anyone untill the outcome & amount are known

 

Middxx

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Hi,

 

Yes, happened to me with HBOS, I claimed back the charges and they gave them to the DCA to reduce the debt.

 

People say you can insist they pay you, if they refuse continue with court action.

 

I did have a claim through FOS and they said the same sort of thing, the refund will be used to offset the debt.

 

Regards.

 

Scott.


 
 

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yep used to offset the debt I'm afraid happened twice to me, but at least it was money I never had so I wasn't too worried about it, in fact one refund cleared 2 debts outright


PGH7447

 

 

Getting There Slowly

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Advice is given freely but is in no way meant to be taken as Gospel:-)

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