Jump to content


iwentbankrupt

Delight in Wonga having to write off £76.8m bad debts in 2011

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2428 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

I also read that Wronga are seeking to assign (i.e. sell) their outstanding debts to a DCA. If this is the case, and CAGgers receive letters from such DCAs, please search the forums accordingly to realise that DCAs have no power whatsoever.

Share this post


Link to post
Share on other sites

Wonga regularly sell debts to DCA's. The sad thing is, that there is no law stopping them selling these bad debts.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites

If an eternal 3rd party purchases the debt then they purchase all rights over said debt and do have power to act on the debt as they see fit.

Share this post


Link to post
Share on other sites
If an eternal 3rd party purchases the debt then they purchase all rights over said debt and do have power to act on the debt as they see fit.

 

Unfortunately that is completely true :(


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites

However, as a debt purchasing company you must be crazy to touch PDLs. Even when paying three pence in the pound.

Share this post


Link to post
Share on other sites

Sadly many of these companies do indeed buy up bad PDL debts.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites

Debt purchasers, in the main, rely on people not knowing their rights. They will also use unscrupulous methods, such as writing to a group of individuals with a similar name to the alleged debtor, or even addressing letters to the "Occupier." Hopefully, as more people use sites such as CAG, such intimidatory tactics will have a reduced effect.

Share this post


Link to post
Share on other sites

Everytime i get a letter addressed to "the occupier" it either gets returned to sender or makes a good addition to the compost heap.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites

Also bear in mind every time they sell a debt to a dca, they not only get the 10% or so i the £, but also get all of their money back in the form of tax relief from us the taxpayer!, so they are laughing all the way to the bank as it were


Please note i have no legal training any advice i give comes from my own experience and from what i have learned on this site

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...