LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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need a bit of advice, i had a credit card a couple of years ago which i kind of forgot about  now i understand im a moron etc, could do without the lectures please if thats possible 
now its gone to a debt agency and im paying it back, but it was a £450 limit and theyre claiming £900 off me. i was under the impression that these companies could only come after the balance and not any charges or fees, is this correct or am i liable for the whole amount?
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Tommy L
Member
Registered: 21st Aug 06
Location: Northampton Drives: Audi wagon
User status: Offline
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You'll be liable for the full amount. It will be credit card company coming after you (through collectors). Well that's what I think.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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is it a fee or is it just interest payments on the £450?
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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interest i assume, they just tell me what i owe ive not really looked into it yet to find out exactly whats what because if i owe it i'll just pay it. was just hoping there may be a chance i can get away with paying less so its out of the way sooner
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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Can't you just ring and ask them?
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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Dom
Member
Registered: 13th Sep 03
User status: Offline
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quote:
Originally posted by Tomnova16
Can't you just ring and ask them?
That'd be common sense Tom
Lee - It's likely to be made up of the original balance + any interest from your CC company, then the debt agency will have stuck their charge and any interest on top.
Phone them and ask for a break down of the cost.
[Edited on 25-01-2013 by Dom]
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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well if theyre charging it me theyre not going to tell me the truth are they!
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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Why not?
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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just assume they'll tell me i owe it them, rather than give me legitimate advice to save me money.
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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If you owe them you owe them???
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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well yeah im paying it, but someone mentioned you only had to pay the actual balance rather than the charges. was seeing if anyone on here knew anything about that because i cant find much online.
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Dom
Member
Registered: 13th Sep 03
User status: Offline
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quote:
Originally posted by LeeM
just assume they'll tell me i owe it them, rather than give me legitimate advice to save me money.
Eh? Why would they give advice on how to save money? 
Do you know if the debt is with the debt agency or the credit card company?
From my understanding, debt agencies buy out debt and then go chasing - so it's not the CC company you deal with rather than the debt agency. Easiest solution phone CAB and ask or have a look (/ask on the forums) on the MSE website.
If you want a break down of the owed amount, which i would recommend you get, then you'll need to phone the debt agency.
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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quote:
Originally posted by Dom
quote:
Originally posted by LeeM
just assume they'll tell me i owe it them, rather than give me legitimate advice to save me money.
Eh? Why would they give advice on how to save money?
Do you know if the debt is with the debt agency or the credit card company?
From my understanding, debt agencies buy out debt and then go chasing - so it's not the CC company you deal with rather than the debt agency. Easiest solution phone CAB and ask or have a look (/ask on the forums) on the MSE website.
If you want a break down of the owed amount, which i would recommend you get, then you'll need to phone the debt agency.
thats how i thought it worked, i initially asked for a breakdown of costs and got a bilf from them with an amount on. i doubt they'll have much of a history of my account with the cc company?
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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quote:
Originally posted by Dom
From my understanding, debt agencies buy out debt and then go chasing
^^ what he said
quote:
Originally posted by Dom
If you want a break down of the owed amount, which i would recommend you get, then you'll need to phone the debt agency.
Write to them (and keep a copy of your letter along with the date sent), never EVER phone a debt collection agency!
If you have some cash spare you may be able to offer a percentage of the entire balance as full and final settlement - MSE website will expand on this:
http://forums.moneysavingexpert.com/forumdisplay.php?f=76
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Twiggy
Member
Registered: 15th Oct 04
User status: Offline
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If you say your skint they will accept £5 a month
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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i am thats all im paying
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Matt L
Member
Registered: 17th Apr 06
User status: Offline
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how have you not been recieving other letters stating you owe it before it got to a debt agency?
seems very odd that you had nothing and then straight to debt collector.
tried ringing the actual credit card company? I know in my last place of work they were constantly getting debt agency letters saying they owed x amount however they were all scams.
best advice is to ring the actual card company to see whats going on.
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