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    • Yes Jase a default can be registered for current accounts that attract an overdraft...although the default would have placed by HSBC not Intrum Finance.There name would have been added when HSBC assigned the debt to them.   Andy
    • Hi,   Not sure if this is the right part of the forum to ask this but I have a default on my credit report for an old HSBC current account dating back to 2015.  The default has been placed by Intrum Finance.   My question is that I thought a default is usually for something where a credit agreement existed?  Can they list a default for a current account where there was no agreement in place?   Thanks in advance,
    • and don't waste money on recorded delivery!! 2nd class stamp is good enough.   if you wish to do a budget sheet that's upto you but never fill out theirs.   and again if you want to send creditors that, its upto you but you do not have to give them any of your pers financial info NONE of their business esp a DCA!! only a judge can demand that info.    
    • But the 14 day cooling off period does not apply to you because your a LTD Company.....even though the charge is unfair there is no way around it B2B
    • Do not engage under any circumstances on the phone, they are trained to trick you into agreeing to things.   If everything is done in writing by post,    A. You are in control B. There is a paper trail, postal receipts etc for you to defend yourself if they ever do go to court.   Rent, Council Tax etc should be the only thing you care about and the rest of your priority debts. Nothing will happen if you stop paying the one's that are with DCA's aside from a lot of idle threats coming through your letterbox   As above with the CCA's for the one's already sold off, highly likely they won't come up with the goods. One pound a month token payment, jobs 'a good 'un with the Original Creditors.   Everything else in your budget goes to food and emergencies, not the above bunch of vultures.      
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RBS £30k company loan & PG

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Hi there,

Hope someone can help us..

This is about a company loan, for just over £30k, which was used to refinance the overdraft on the company current account.

Company ceased trading last year due to becoming insolvent and has since been struck off the register and officially dissolved in November 2018.

Looking at the loan agreement, the security of the loan was a PG by the director for the full loan amount and the loan schedule it also states that there is a Debenture held and granted in the limited company name. 

RBS are actively chasing us for this amount to be repaid, however, the sole director is of Italian citizenship and has absolutely no assets in the UK.  

I want to send RBS the following letter to remind them that the company is been dissolved and whatever PG they have they will not be able to enforce it as the director has no assets in the UK, just uses a residential address for correspondence.  Is there anything they can do as the director lives abroad, with no assets in UK.  Would you suggest I add anything else to the letter?  Thanks in advance!



Dear Sirs,

Re: xxxxx Ltd

Account Number: xxxxxxxx

It is with deep regret that I must inform you that the above company ceased trading, last year, due to becoming insolvent. The difficult decision to cease all trading activities had been forced upon me so as to comply fully with my responsibilities in law as a company director.

Unfortunately, the company had insufficient realisable assets and no funds with which to appoint an insolvency practitioner and thereby initiate a voluntary liquidation, and I was not, and still not, in a financial position to fund this personally, as a result, Companies House struck off the company from the register and the company was dissolved on 20 November 2018, which brought about a final resolution of the company’s affairs.

I live abroad and have no assets in the UK and use the address above as correspondence only.

Yours faithfully,

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Thank Andy

Will have a read through..

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