credit agreement

run_rabbit55

hi folks. ive got a account with littlewoods and freemans that i am in arrears of. im been pressured to pay full amounts and with one of the accounts has been handed over to a debt company. whats the signed credit agreement all about and what if i havent signed one? has any one got experience with being in arrears?

fermi

When did you first take these catalogues out?

The factsheet in the link below explains a lot about dealing with catalogue debts and credit agreements.

Link: Factsheet | Catalogue debts

stapeley

Good advice from fermi , as always . You can request a copy of the signed consumer credit agreement from the DCA. This can allow you more time and if they do not have one , you may want to offer payments that will be suitable to your circumstances.

run_rabbit55

i took them about 3 to 4 years ago
whats does dca mean?
what address would i sent my requests to?

fermi

run_rabbit55 wrote: »

i took them about 3 to 4 years ago

The law changed for agreements taken out after April 2007. But you don't have to worry about that if the accounts are that old.

The advise in the factsheet applies to you.

run_rabbit55 wrote: »

whats does dca mean?

DCA = Debt Collection Agency

run_rabbit55 wrote: »

what address would i sent my requests to?

To the address of whoever is demanding payment.

phil80

dca means debt collection agency. you need to send the cca request to the dca who are chasing you for the money.

run_rabbit55

would a catalogue pass on a debt if i didnt have a credit agreement? is this them just trying to scare me?

phil80

The catalogue may have sold the debt onto a DCA yes but without being able to provide a credit agreement they will not be able to legally enforce the debt therefore making it easier for you to make repayments on terms that are much more affordable to yourself.