Advice please-Calders

jayn_3

Hi
I have 2 Barclays cards which I have made an arrangement to pay a reduced amount on. This was 6 months ago. I have kept to the arrangement and the debt has been passed inhouse from Barclays to Mercers to Calders. So far so good. I have maintained the agreement with them and it seems I am one of the lucky ones and they have been ok.

I have arranged my own DMP with all my creditors, so I have had a chat with Calders today and they explained that the debt would now be sold on from Barclays to a collections agency.

The person I spoke to couldn't explain what happens next. I have read a number of forums and I'm trying not to panic about potential doorstep collectors etc, they said it would be a "reputable" agency they passed it on to, but am I correct that if they sell the debt on I may not be liable for the debt any longer as I don't have an agreement with whoever the debt is sold onto???

I'm really not averse to repaying my debt with Barclays when my circumstances change (I'm trying to sell my house), as I acknowledge that I have got into debt because of my personal circumstances, but is my liablity to Barclays discharged once my debt has been sold. Or are Barclays just making noises again and going to keep it inhouse?

Any advice would be helpful

Thanks
X

Tixy

jayn wrote: »

but am I correct that if they sell the debt on I may not be liable for the debt any longer as I don't have an agreement with whoever the debt is sold onto???

No - they are entitled to sell your debt on to a third party and you will still owe the money and will need to pay whoever buys the debt. Your original credit agreement with barclays will voer the assignment of the debt to someone else.

They could decide to still keep it in house but its quite likely it will be sold on. Once it is just write to the DCA and make the same offer as you were paying to calders. You could at the same time make include in the letter the wording to stop any home visits - but in reality as long as you are paying them each month such a visit would be rare.

Once the debt is sold it is often possible to offer a reduced full & final settlement (in writing), so that may be an option to explore if you sell your house. In the meantime keep making the DMP payments.

jayn_3

Thnak you so much for clarifying that, I didn't think that would be the case, but I am so much out of my depth I was just getting confused. Will sit tight ans see what happens next.

Thanks for your support
Jx