A
male
age
36-40,
anonymous
writes:i have been sent a letter from a debt collection agency, for payment of an outstanding debt from 1997 which i did not even know i had for £404, do i still have to pay them or do they have a time limit in which they must request the payment, 10 years have past and i believe this debt should of been written of? Is this the case or will i still have to pay them, thanks. Reply to this Question |
Add your answer to this question! A
female
reader, cupidhelper  +, writes (25 September 2007):
hey,
I'm an american and don't know anything about bailliffs or the difference between debt collection & bailiffs but
in america, once you make an arrangement, the clock restarts. so before you talk to them, find out if it ever gets written off and if it effects your credit rating.
Again, american advise.
A
female
reader, anonymous, writes (27 July 2007): yes you do have to pay the debt. find out who the debt is with so you get all the facts straight.
debt collection is different to bailiffs. (my partner is both).
debt collection - you can arrange a payment plan to pay, especially if you contact them to offer an amount (and they usually take what you offer)but if you then fail to keep to the plan then they refer it to:
bailiffs who can only either collect full payment or split into 2parts. bailiffs also have bailiff and levy fee's ect that their companies add on which make your bill alot higher.
remember though - debt collectors dont levy your goods but bailiffs do. debt collectors normally get paperwork with examples of how the debt be paid ie: 1 payment of .. 2 payments of .. and so forth. they also have the min amount the company wishes to take in payment plan. you could ask the debt company what is the minimum offer you can make in regards to payment plan.
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