Excel Counselling, any experience of them?

LilyBart

So it worked. Excellent. I do love the idea of revoking the right to knock on your door. Wonder if I should fire off a copy to the people who try to save our souls every Saturday morning?

blind-as-a-bat_2

here is there website if you want to get more info on them http://www.xlco.co.uk/index.php/home


They are just another set of money grabbers profiting out of others dire situations as far as im concerned

blind-as-a-bat_2

LilyBart wrote: »

So it worked. Excellent. I do love the idea of revoking the right to knock on your door. Wonder if I should fire off a copy to the people who try to save our souls every Saturday morning?

Personaly i would fire something at them if they woke me up on a weekend:p

fermi

Since the loan is secured and you are bankrupt then as bat says their only legal course of action is to repossess and then submit a claim for the shortfall in the BR.

Because of that I think it is probably just as illegal for them to approach you for payment as it would be for an unsecured creditor after your BR.

Make sure that you report these approaches to your OR/trustee as well as the letter suggested.

LilyBart

I did look at the website. Since we have no money to come after, I can only assume that the reason they have been engaged is to add to the secured loan company's bill, thereby increasing their share of whatever IPA we end up with once the secured loan becomes unsecured.

edit, there will be a shortfall, depending on the market, though they should get at least 60% of the debt covered after the mortgage holders take their bit.

LilyBart

OK. Here's a question. At what point, if any, does the OR say to creditors, no, you can't include that charge? If debts accrued prior to bankruptcy are wrapped up in the bankruptcy, what happens to charges on those debts after the bankruptcy? To clarify, if an unsecured lender stops writing letters/making phone calls and submits the total debt, can a secured lender continue to add to their total until the property is sold?

edit, the PPI was mis-sold too

edit 2, it seems unreasonable to me that companies that act within the law should have their "cut" of the assets reduced by those companies that act on the very edge of legality

Billy_Liar

Thanks BAAB and everyone else. Love the legal precedent, can have a lot of fun with that. Fascinated that people can come to the door asking for directions, though. Looked at their website when the letter came; that corporate-speak jargon makes my blood run cold. Are we sure we haven't been colonised by beings from another planet? If I read the words "solutions" and "outcomes" anymore will scream... BL