Sold Debt vs Transferred debt.

[stripper]

What is the legal difference between a sold on debt and one that states that it has been transferred to a DCA?.I have one that says transferred.Who should supply SAR and T&C?

[diskmandave]

Send S.A.R - (Subject Access Request) to the original creditor, send CCA request to whomever is chasing the account.

 

If an account has been transfered only, then the original creditor still owns it. If it has been sold on then both the original creditor and the new owner of the account have to inform you as to this in writing.

 

HTH..

 

[stripper]

Thanks for that.

Actually the first DCA informed me that a particular Debt was to be sold on.The next thing I got was a new DCA telling me they act as agents for the original creditor.(no mention of it being bought)So therefore it must still belong to the original creditor.Thats correct isnt it?

Also, I have had one letter from the same creditor telling me that a further,different, debt is being tranferred to a DCA. So in both cases the debts still remain the original creditors prorerty. I am begining to get the usual ,push/threat for court /further action,etc etc,if it goes to court via the DCA ,I do stress ,if, should I inform them that I should now deal only with the original creditor?Or should I do this anyway?

Sorry for the block of questions but I am totally unsure here.

Thanks

[diskmandave]

This sounds like the usual pass it around and confuse the hell out of Joe Bloggs which is wrong!

 

Contact your local office Trading Standards office...

Trading Standards Central - Trading Standards and Consumer Protection information for the UK

 

Don't be messed about by these people!

 

Good luck & best wishes. Regards, Dave.