Student overdraft NAtwest transferred to wesott

[today101]

HI,

 

i am looking for some advice with regards to how i can handle my debt of £1331.80 with Wescot credit services. The debt has been bought by them from natwest and is from a student overdraft.

 

Wescot have stated that they will send the debt to a doorstop collection agency if i do not phonme them with regards this debt. Having read a number of threads on this website i have understand it would be more desirable from my point of view to only deal with them through writing. I am currently unemployed and don't have much money i could spare in order to pay large chunks of this debt.

 

Basically i am looking for advice with regards to how i should go about contacting Wescot and setting up a payment schedule with them.

 

Thanks for your time reading my query.

[citizenB]

Wescott are breaching OFT debt guidelines.

 

1: By using the Doorstep collection process as a means of intimidation - how dare they threaten you unless you telephone. The telephone is the weapon of choice for DCAs and it should be stopped.

2: By forgetting that unless you agree to an appointment with one of these, they are not allowed to send one round on spec.

 

Aside from which, if they do send one round, you can simply ask them to leave, they have no power to enter your home at all.

 

Have you produced for yourself an income and Expenditure sheet ? I have attached one for you below - although you might want to speak to National Debtline and have them help you produce a Common Financial Statement. With one of these, Wescott would have to look seriously at accepting any offer made - even if a token offer.

 

Yes, only deal with them in writing - that way you are protecting yourself and you wont be bullied into something you will later regret. If you are caught by them on the phone - simply refuse to go through any security questions and tell them that it is your legal right to conduct your financial affairs in writing.

 

Complete the budget sheet below ensuring that all your priority debts are accounted for - then list any other credit debts that are unsecured and see what disposable income you have left. You will then be expected to make offers on a pro rata basis of your disposable income. If you have any problems. Just yell and someone will be happy to help.

 

Ellens Budget Sheet.xls