oh dear, old debt, I'm in trouble
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c-m
Posts: 770 Forumite
back in 2000, I had a Student overdraft with HSBC. At the end of my 1st year I was £50 over the limit and my overdraft facility was terminated (they were particulary understanding). Obviously I couldn't pay the £800 so my account was closed and passed on to a debt collection agency.
Eventually we reached an agreement where I would pay £5 per month onto a card at the post office. This went on untill 2004 when i lost the card. As i didn't have any contact details I didn't renew the card and make payments.
After a while I just completely forgot. Since then I have not heard from HSBC or anyone about the debt untill today.
I received a phone call from I beleive either a solicitor or debt collection agency. They had tracked my down to my current address and were demanding I pay the remaining balance of £560.
I have been on job seekers allowance for the past few months and have no savings at all. The guy then started asking about items I own. I told him that a rent the property and the things in it, to which he said would me landloard confirm that. He then said I should borrow money of family and friends, which I can't do.
He has given me 3 days to contact him and said he will seek remedy through the courts.
I don't have any assets besides an old computer and a motorcycle (my only transport) together they are still worth less than the £560.
Are my possesions at risk at all, and what should my next steps be?
Eventually we reached an agreement where I would pay £5 per month onto a card at the post office. This went on untill 2004 when i lost the card. As i didn't have any contact details I didn't renew the card and make payments.
After a while I just completely forgot. Since then I have not heard from HSBC or anyone about the debt untill today.
I received a phone call from I beleive either a solicitor or debt collection agency. They had tracked my down to my current address and were demanding I pay the remaining balance of £560.
I have been on job seekers allowance for the past few months and have no savings at all. The guy then started asking about items I own. I told him that a rent the property and the things in it, to which he said would me landloard confirm that. He then said I should borrow money of family and friends, which I can't do.
He has given me 3 days to contact him and said he will seek remedy through the courts.
I don't have any assets besides an old computer and a motorcycle (my only transport) together they are still worth less than the £560.
Are my possesions at risk at all, and what should my next steps be?
0
Comments
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lol, I'm not sure who this guy is actually working for. He said the debt was previously being managed by a debt collection agency but now the debt has been sold.
I was supprised that they had my new address, i only moved a month ago.0
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