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Hi all, first post here.

 

To cut a long story short,

 

I had a loan from a large UK bank for £20k in 2005,

 

I paid off £5k and was then made redundant.

 

I informed the bank that I could only pay a token amount each month and their response was to add £10k of "reasonable charges" to the debt and sell it on to another company.

 

I then found a job and took out an IVA which I paid for 2 years but was made redundant once more and couldn't keep up the payments on it.

 

I defaulted on the original loan 7 years ago, but stopped paying on the IVA 4 years ago.

 

I have not responded to any correspondence during this time, believing the additional £10k to be unreasonable.

 

Today I received a brown envelope through my door saying I had to call Resolvecall urgently.

 

Any advice on what to do next?

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Does it say what about?

 

If it does there are a whole load of DPA. issues.

 

If not I would wait for a formal letter.

 

Open to alternative ideas


Any opinion I give is from personal experience .

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Can you elaborate on these "reasonable charges"?

 

I'm thinking it is unenforceable. Look closer at your info you gave us.

 

I had a loan from a large UK bank for £20k in 2005, I paid off £5k

 

That leaves 15k left.

 

I informed the bank that I could only pay a token amount each month and their response was to add £10k of "reasonable charges" to the debt and sell it on to another company. I

 

That puts the debt at 25k. No creditor on this planet would simply sell a debt of this amount to a DCA for an average 10% of its worth. They would go to court and use that avenue of collection. That way they could get a CO on your house, make you bankrupt, attachment of earnings etc etc.

 

Regarding resolve call, IGNORE THEM. They ar 100% on a phishing trip, as they have seen the amount on their spreadsheet and their greedy eyes lit up.


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

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Yes 100% agree, IGNORE Resolvecall, they are trying to fleece you blind, hold fire and wait and see what other missives drop throygh your door.


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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for the sake of £10 i'd get an SAR off to the OC

 

you never know you might have stuff you can reclaim

 

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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Thinking about it the charges were possibly the contractual interest up until the end of the term.

 

I know of am 18k debt that was sold to dlc, but there again the person was in a dmp.


Any opinion I give is from personal experience .

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