1st Credit

Mike_24

Hi guys,

I received a letter at a former address of mine from 1st credit today claiming that they had taken on a debt from HSBC and that I owed them £240. I have called them up and spoken to them. I explained that the letter had been sent to an incorrect address and that I was reluctant to accept the debt until I had read the letter for myself. I asked them about the debt and they were perfectly helpful and said that once I had paid off the figure, then the matter would be dealt with.

I am perfectly happy to pay off the amount. My worry is the fact that I owe HSBC a lot more than this and I am worried that when I acknowledge this debt, they will start hounding me for the rest of it. I understand that my debt is a problem that I need to sort out, but I don't want to be caught off guard by a debt-collection agency and have them takin me to court over bigger payments that I cannot afford.

Am I just being cynical after reading other peoples experiences with debt collection agencies or is this a legitimate worry?

Apples2

1. How have you not read the letter when you know it's content and contact numbers??

2. These blimmin companies who lend you money can be really awkward sometimes. They do keep pestering you to repay. There should be some law against repaying money you borrow.

Sorry to be blunt, but stop burying your head in the sand... give them a ring and agree some kind of payment plan.... or do you think it will all just go away??

Deep_In_Debt

If you do pay off the debt, then make sure you get them to agree the amount in writing. All this to be in writing. Make sure you send them a cheque and don't pay by debit card as they have been known to help themselves.

Do a site search of 1st Credit (Worst Crudit) and you will find loads of threads on their underhand tactics. Pop over to the DFW board, loads of postees, including myself, have had experiences with this nasty bunch.

Check out National Debtline website who have some good template letters you can use to write to them.

Good luck.

fatbelly

Good advice from DiD - these days I'm looking at who is chasing the debt before looking at what the debt is.

With 1st credit, there'll be something dodgy about it.

PNPSUKNET

they like stat demands like toilet roll, get as many as they can print