Do debt-agencies work?

jenjen1

southernscouser wrote: »

Ditch them straight away! They are scum! :mad:

Cancel your DD with them. How long have you been with them? What do you pay them and what do they take?

I am paying £100 that was ment to go down to £60 after a few months but it hasn't.

Youv'e all opened my eyes and I do need to change. I am going to give CCCs a ring.

rog2

Hi JJ - you WON'T regret talking to CCCS. :beer:

beentherewornthetshirt

Jen_Jen

Did you say that they are still negotiating with your creditors? Have they made any payments to your creditors? If they haven't I would ask them for all your money back.

If they refuse contact the Office of Fair Trading as the rules say that any payments they receive from you for your creditors, have to be paid to creditors within 5 working days of funds being cleared in their bank.

They are also perhaps a member of DEMSA and a complaint should be lodged with them too.

I agree with SS, Eurodebt are scum.

gingersilverfox

Report them to your local trading standards. They are required by their licence not to be deceitful etc. Write a letter to Euro debt stating that due to the fact they have not done what they say they would do ie manage your debt and relationship with your creditors you will consider them to be in breach of contract. Give them 7 days to respond.
Useful advice here
http://www.hmcourts-service.gov.uk/infoabout/claims/howclaim/index.htm
https://www.moneyclaim.gov.uk/csmco2/index.jsp

jenjen1

I'll read the terms and conditions on cancellation and give eurodebt a ring. I'll try and find out where my money has gone.

Watch this space. I will def be using all your tips and links. Thank you so much

jenjen1

I phoned eurodebt......... The £500+ that I have paid them so far.......has gone on their instruction fee. NONE ON MY DEBTS.

NOT HAPPY

I phoned CCCS too, got an appointment over the phone tomorrow.

gingersilverfox

Do that letter re the small claims. If you take action against them (assuming its competent) then they will have to appear in court if they wish to defend it. This will cost them a lot of money. If they don't defend the action then a decree will be made in your favour. If Euro Debt don't pay then they will have a CCJ against their company. Contact Experion, Equifax and Call Credit to lodge this. Euro Debt will then have problems re their credit rating, an impotant thing for a business.