Debt recovery companies

smoothboi

I was wondering i heard somewhere that if your debt is sold onto a third party for recovery and they cannot produce the original paper work i.e the credit agreement they have no legal right to pursue you for those funds is this correct ???

DarkConvict

If a creditor has issued a debt collector to collect a debt then they are allowed to do so.

If a DCA claims to own the debt they must produce the notice of assignment.

Regards CCA, if they do not have the CCA they can request it from the orignal creditor who made the CCA. If they cannot get the CCA either they CAN still presue the debt. They just cannot get court action (i.e. CCJ against you). So in absense of a CCA they can still contact you, ask for payment, and trash your credit file.
Doing the CCA route is only worth it if they have already trashed your file and you dont mind them to continue doing it.
only once a debt has had no payment or written acknowledgement on it for 6 years and becomes statute barred, can you then say I'm not paying and they have to stop contacting you. But until then they can keep asking for the debt to be repaid. CCA only apply to credit taken out pre april 2007.

Its a long answer, but people get confused, CCAs are not a get of of debt free card, debt is never written off by failure to provide a CCA!