Debt Collection Agency - Page 5

23-11-2009, 14:58

Provident do also offer a voucher which is less interest if you only take say £50 or £100 you can give the vouchers as gifts or use them in argos and it will cost you less than £4 a week for £100 worth. Interest is still high but it can be a help. The £300 offer highlights the interest more than the smaller deals and to borrow £300 when you are on the breadline is a little excessive.

Flyboy · 23-11-2009, 22:23

Four pounds a week; but for how long? Four pounds a week is a lot of money if you have to pay it over a year. That's more than two hundred per cent flat (approximately five hundred per cent APR).

rickyg01 · 23-11-2009, 22:49

"You could get £100 in vouchers to spend now for just £3.50, over 48 weeks, which adds up to £168"

Flyboy · 23-11-2009, 22:54

That's still sixty-eight percent flat rate; about one hundred and fifty per cent APR.

basa · 24-11-2009, 00:38

Quote:

Originally Posted by Mr Angry

basa, again with all due respect, stick to what you know . Your well intentioned posts are not helping zee's situation.

He / she has already made a payment by debit card and has, therefore, established a relationship with Wescot in their capacity as a debt collector.

Otherwise why would he / she be making payments to them?

Sorry to butt in again, but I do know. I currently have 6 accounts in dispute and one in court.

Moorcroft may well buy debts, but I thought we were talking about Wescot.

Incidentally whilst Moorcroft do buy debts they more often than not simply chase them for clients (original creditors).

Again I say - it doesn't matter they have made payments to Wescot against this debt. So have most people before they query whether there is a legal basis for doing so. We are not born consumer credit experts and we do make payments in the mistaken belief we are obliged to do so. I was advised to make that argument by a judge!

The OP does need to know who currently owns the debt, I doubt it is Wescot. They need to supply a copy credit agreement and deed of assignment (if applicable).

Without knowing the precise nature of what documentation the OP has and what they have received from Wescot it is difficult to advise accurately.

If the debt has been re-assigned to Wescot (i.e. sold to them) Zee should have received a letter from O2 advising them of that. Without the letter or the deed they cannot pursue without the assignors participation.

24-11-2009, 00:52

Quote:

Originally Posted by Flyboy

Four pounds a week; but for how long? Four pounds a week is a lot of money if you have to pay it over a year. That's more than two hundred per cent flat (approximately five hundred per cent APR).

yes its a rip off and I do not agree with exploitation of the poor but it may allow them to have a good affordable christmas at least

**Kymmy** · 24-11-2009, 00:57

Quote:

Originally Posted by zing

yes its a rip off and I do not agree with exploitation of the poor but it may allow them to have a good affordable christmas at least

Never understood the concept of having a good christmas only to suffer for it for the first 6 months of the year

24-11-2009, 01:00

yeah but 4 quid a week isnt gonna make you suffer and kymmy I do believe you aint got kids so really the pressures of having them will be alien to you

**Kymmy** · 24-11-2009, 01:01

Don't do xmas either

24-11-2009, 01:08

Thats your choice but I am sure as a reasonable person you can empathise with the pressures this time of year on a struggling parent?

**Kymmy** · 24-11-2009, 01:25

Yes, but should the pressures exist is a whole other thread

24-11-2009, 01:59

Quote:

Originally Posted by Kymmy

Yes, but should the pressures exist is a whole other thread

if you look back to post 55 you will see you highlighted the problem of how the poor are targeted by these companies . The rest of whats been posted is a natural progression of your post

Mr Angry · 24-11-2009, 08:57

Quote:

Originally Posted by basa

Sorry to butt in again, but I do know. I currently have 6 accounts in dispute and one in court.

Which shows that you - along with hundreds of thousands of others - know how to download a template letter and place an account in dispute, nothing more.

Quote:

Originally Posted by basa

Moorcroft may well buy debts, but I thought we were talking about Wescot.

We were, you were talking about "Westons".

Quote:

Originally Posted by basa

Incidentally whilst Moorcroft do buy debts they more often than not simply chase them for clients (original creditors).

Yes, but contrary to your earlier assertion they do buy debts.

Quote:

Originally Posted by basa

Again I say - it doesn't matter they have made payments to Wescot against this debt. So have most people before they query whether there is a legal basis for doing so. We are not born consumer credit experts and we do make payments in the mistaken belief we are obliged to do so. I was advised to make that argument by a judge!

That "judge" will also tell you that once Zee asked for the terms of a repayment / settlement plan in writing he / she effectively not only acknowledged the debt (setting aside the fact that a payment was made) but also sought to induce and enter into a contract of repayment. The issue at hand now is to determine if that contract is fit for purpose - ie if completion of same will affect full and final settlement of the debt.

Quote:

Originally Posted by basa

The OP does need to know who currently owns the debt, I doubt it is Wescot. They need to supply a copy credit agreement and deed of assignment (if applicable).

The debt is acknowledged, not disputed. The core issue here is not ownership but settlement and the full and final terms thereof. You are confusing the issue. He / she appears to be in a "can't pay" situation rather than a "won't pay" situation.

Quote:

Originally Posted by basa

Without knowing the precise nature of what documentation the OP has and what they have received from Wescot it is difficult to advise accurately.

Which is exactly why I referred to your well intentioned posts as being unhelpful.

Quote:

Originally Posted by basa

If the debt has been re-assigned to Wescot (i.e. sold to them) Zee should have received a letter from O2 advising them of that. Without the letter or the deed they cannot pursue without the assignors participation.

It cannot be "re-assigned" before it has been assigned. Future purchasing or selling on is not "assignment" by another name.

**Kymmy** · 24-11-2009, 09:27

Quote:

Originally Posted by zing

if you look back to post 55 you will see you highlighted the problem of how the poor are targeted by these companies . The rest of whats been posted is a natural progression of your post

Sorry was talking about the pressure a child puts on an adult at xmas time. I suppose though it is linked to my post, but as I said going down that route does steer the post away from the pure debt issue

Zee · 24-11-2009, 12:34

I called the number provided in this thread, about the csss or something that company who is supposed to help people like me, well they didn't help me, they just told me to make the payment, i explained to them the offer i was given and they said i was given a good deal to pay £260. They also told me that the debt cant be sold on once i have made the settlement payment of £260. So i don't know, they were not very helpful