Debts sold on - can they legally enforce?

anitlom

Hi, OH received a letter to say an old debt (not stat barred) had been sold on by the original creditor. The new company are now pursuing him for the debt. Can the new company legally do this as his contract was with the old company. He does not have any contract with the new company so can they issue court procedings?

I would be really grateful for any advice

CLAPTON

yes

your T&Cs almost certainly allowed them to transfer/sell the debts.

Older_but_not_wiser_2

There's nothing to stop the new company selling it on to someone else either.

sandralovescats

In general once a debt has been passed on you usually find that they are far more willing to come to an agreement over finances. It might be best to negotiate with them over the money that is owed and come to an arrangement for payment.
Although they can take legal action to recover the debt, via the County Court issuing a CCJ, the Court will take into account what you can pay and how much you can pay on a monthly basis. Therefore, if you cannot come to an agreement with the Company itself - due to offering too little payment, it might be best to allow them to take you the CCJ route since your monthly outgoings and incomings are taken into account and you end up with a fairer appraisal of your state of affairs.