Concerned about my debts being sold on

ferry

Hope someone can advise.
I'm about to set up a 'temporary payment arrangement' as advised by SC but I'm really worried about the debts then being sold on even if they accept.
I have a Virgin CC and a Barclays account that I'm enterng into the plan and my concerns are that if they are sold on I will start to get calls at all times and threatening letters ,even doorstep collectors coming round with things getting beyond nasty and this is the last thing I need during this already difficult period.
Can anyone offer any advice on if my two creditors are likely to sell my debt on and under what circumsatnces do they usually do this,please?

Thanks as always

Deep_In_Debt

Hi

Ignore them if they call. They soon get fed up. You can send them a letter asking them to contact you in writing only. I ignored most of mine and they soon got fed up with ringing and started writing.

If someone does call at your house, you do not have to answer the door to them and they have about as many rights as the paper boy. Barclaycard sent a doorstep collector to me and I told him to sling his hook in no uncertain terms! Another creditor wrote to me to tell me they were sending someone round and when I wrote to tell them not to they then replied saying they weren't going to anyway as it costs them money to do so.

On the plus side, if your debts do get sold on, then the debt collection agencies tend to freeze interest and charges so you pay the debt a lot more quickly.

Don't panic. They are mostly just full of hot air so just ignore them and carry on paying as there is little they can do if you continue to pay what you can afford.

Growurown

My virgin cc was passed onto aktiv capital, and they have been fine. Nothing changed really. We just carried on paying the same amount and have been for a couple of years now with no problems at all.

ferry

How did you find Virgin with freezing interest and accepting token payments?

sourcrates

ferry wrote: »

Hope someone can advise.
I'm about to set up a 'temporary payment arrangement' as advised by SC but I'm really worried about the debts then being sold on even if they accept.
I have a Virgin CC and a Barclays account that I'm enterng into the plan and my concerns are that if they are sold on I will start to get calls at all times and threatening letters ,even doorstep collectors coming round with things getting beyond nasty and this is the last thing I need during this already difficult period.
Can anyone offer any advice on if my two creditors are likely to sell my debt on and under what circumsatnces do they usually do this,please?

Thanks as always

Hi,
Most debts will be sold on at some point regardless of whether you have a payment arrangement or not, its normal practice, you just gotta learn how to deal with DCA`s, you will soon learn that they are toothless, and will send you successions of template threat letters and calls, you just need to know how to deal with them so that when they do sell on your debts you can use it to your advantage and not theres.

ferry

sourcrates wrote: »

Hi,
Most debts will be sold on at some point regardless of whether you have a payment arrangement or not, its normal practice, you just gotta learn how to deal with DCA`s, you will soon learn that they are toothless, and will send you successions of template threat letters and calls, you just need to know how to deal with them so that when they do sell on your debts you can use it to your advantage and not theres.

Thank you and just seen your sig- how appropriate!!