Resolved Question
What happens to my debt when i dont pay it?
ive been in debt for a whole year now with credit cards, its come to the stage were i couldnt afford to pay any thing, so i just stopped paying them, the citizen advice told me that nothing would happen to me for not paying them, as it is only about £2.000,
so i took there advice and stopped paying them,
now the debt has been bought by some other company, he keeps sending letters, and calling at my door, which i never answer at all,
what im worried about is can this company come in and take all my furnisher,
do they have the power to break into my house and just up lift every thing,
does any body know what happens now,
so i took there advice and stopped paying them,
now the debt has been bought by some other company, he keeps sending letters, and calling at my door, which i never answer at all,
what im worried about is can this company come in and take all my furnisher,
do they have the power to break into my house and just up lift every thing,
does any body know what happens now,
Best Answer - Chosen by Asker
Lets put your mind at rest and get you a good nights sleep. What Breeze has said is plainly wrong. And I don't think Fairfax has told you the whole story about what bailiffs/debt collectors can do.
A bailiff cannot break into your home providing you have not granted them access on a previous occasion. All bailiffs are appointed by either a county court or the magistrates court. If someone turns up on your doorstep claiming to be a bailiff, ask them which court has appointed them, who the creditor is and their licence number. Debt collection agencies will claim to be bailiffs and they will threaten to drill your locks off and other such nonsense. This is illegal. Photograph him/her, get the registration number of the vehicle and call the Police.
The easy way to deal with debt collectors is to ask them to provide you with the original credit agreement signed by you. They are obliged to under the Consumer Credit Act of 1974. Until they provide you with it, they must cease all attempts at collection. Do not talk to them on the phone. Do not give them personal information for ' security ' reasons. Do not sign any letter you write to them if you must contact them. They work on the principle that you are ignorant of your rights and they use this along with fear. Ask this debt collection agency to prove that they are authorised to collect this debt - many aren't.
I would forget the CAB and contact National Debt line for advice. You will talk to a real person even at this time and they will give you very good advice. Also listen to the You Tube links for further information on debt collectors and how they operate. And familiarise yourself with bailiff law from the link provided.
It is awful being in debt and it can drag you down so the last thing you need is cowboy firms operating on the fringes of the law trying to screw money from you.
A bailiff cannot break into your home providing you have not granted them access on a previous occasion. All bailiffs are appointed by either a county court or the magistrates court. If someone turns up on your doorstep claiming to be a bailiff, ask them which court has appointed them, who the creditor is and their licence number. Debt collection agencies will claim to be bailiffs and they will threaten to drill your locks off and other such nonsense. This is illegal. Photograph him/her, get the registration number of the vehicle and call the Police.
The easy way to deal with debt collectors is to ask them to provide you with the original credit agreement signed by you. They are obliged to under the Consumer Credit Act of 1974. Until they provide you with it, they must cease all attempts at collection. Do not talk to them on the phone. Do not give them personal information for ' security ' reasons. Do not sign any letter you write to them if you must contact them. They work on the principle that you are ignorant of your rights and they use this along with fear. Ask this debt collection agency to prove that they are authorised to collect this debt - many aren't.
I would forget the CAB and contact National Debt line for advice. You will talk to a real person even at this time and they will give you very good advice. Also listen to the You Tube links for further information on debt collectors and how they operate. And familiarise yourself with bailiff law from the link provided.
It is awful being in debt and it can drag you down so the last thing you need is cowboy firms operating on the fringes of the law trying to screw money from you.
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Other Answers (7)
- Bailiffs have the right to enter your house and take whatever they think they can sell. The new owner of debt can force you into bankruptcy and you will have to sell your house, then you will have problems renting or buying another house for years. Ignoring debt doesnt make it go away, citizen advice should be made aware of what is happening, as they advised you to take this course of action, get them to write to this person who now owns your debt.
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- First of all , I'm sorry but I simply cannot believe that the CAB gave you the advice you say they did. I have close links with the CAB and feel certain that advice like that would never be given.
That apart, the fact of the matter is these debts will be chased vigorously, believe me, and could ultimately result in your bankruptcy. You must do something about this immediately. Despite what you have said, I would strongly advise you to revisit the CAB. I am absolutely certain they will be able to help you.Source(s):
- You have to pay its your debt !
I know i have been there ... do not ignore debts its simple they wont go away they wont forget, if you have trouble paying simple arrange a plan with them that YOU can afford i have a debt of £3000 with 24studio my situation changed i told them this straight away now i pay £25 a month i was paying £180 if they have a payment that is usually good enough the more you ignore it the more likely you will end up in court with other charges been added - In UK the debt company can obtain a court order and once granted bailiffs can call ant take goods to the value of your debt . They are not allowed to take basic furniture or bed or cooker but can take Tv,, computer and other items of value ..I think you have been misadvised by CAB ,
- I doubt they can break into your house and take your stuff.
If the UK is like the US, they can sue you and garnish your wages or levy your bank account. - No, they cannot break in.
Are you sure that's what advice you were given from CAB, as it sounds very wrong. - They do not have the power to break into your house. However if there is an open window they can gain entry that way legally. So make sure that all your windows are closed and doors locked.
However I would also try negotiating with the companies over the phone and explaining your situation. they maybe able to help you settle the debts in an affordable way. Let's face it, it is in their interest to help you.
Many of these companies buy up the debts for a fraction of the amount outstanding and you may if your lucky end up only having to pay a small amount to clear the debt.
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