If a collection company says you owe money but don`t recognize the debts, you should send them a probisse to cover the debts. Here, the CCA is only part of the picture. You can get a copy of the CCA in response – if the name and address of the agreement are yours and you lived at that time, that is good evidence. I am very sorry for all these efforts, but after writing to them that what they sent was not the agreement, the response I received was: « Please point out that the document presented is the agreement and application that are summarized in a document. » How is that possible? I`m confused. How can I react? I`d appreciate any help in that case. Is this debt still visible on your credit statement? If you don`t think this isn`t the case, check the three credit reference agencies to make sure that`s not the case. (1) The regulated agreement is not executed properly, unless a debt is unenforceable, it should be mentioned in all letters requesting payment. Here`s what I proposed to a reader who received letters that omitted this important fact: « The debt collector can`t prove it`s my debt, but I want payment » I`ve previously received letters from Cabot for 5 different accounts to say they can`t find the papers and recognize that the debt is unenforceable. I now have letters for 2 of the accounts that say I missed payments – contact them on the debt payment. You are not saying anywhere that the debt is unenforceable.
If they do, they violate Section 40 of the 1970 Administration of Justice and commit a crime. If you are harassed in this way, you can obtain an injunction against your creditor or the collection company you have designated. The frequently asked question is the impact on your credit rating if you refuse to pay an unenforceable agreement. Unfortunately, it was found that, in the case of agreements that are not applicable over time, the lender has the authority to report non-payment to a credit reference agency. If you don`t pay an unenforceable deal, it can affect your future ability to get credits. The position with irrevocably irrevocable agreements is less secure and is currently awaiting a decision from the courts. If you haven`t paid any debts for years and you`re not charged by a creditor, you need a good reason to apply for the CCA agreement. It may be best to wait to find out if you are contacted and then ask the CCA. But in practice, many CCA agreements will be established in the coming weeks.
So unless you can`t afford monthly payments, I usually suggest not to stop it immediately. Give it a few months. Does not apply to the requirement under Sections 78 (4), (4A) or (5) of the CCA to make periodic returns for a lender when current bank loans are granted under a regulated credit contract. If a debt has been sold as soon as it is less likely that the current creditor will be able to present the CCA agreement, and that becomes more difficult the more the debt is resold. If it refuses, the collection company may leave for a CCJ using its old address so that it cannot defend it. It could be linked later to its current credit balance sheet, and it will then have the much more difficult and costly task of setting the CCJ aside – at that point, the creditor is not obliged to produce the CCA. If the creditor initiated legal proceedings (you received an application form), you may have hoped that the CCA agreement could not have been reached. But now you have it, it`s not a possible defense, so you have to think if you have another defense.