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Hi there,

Does anyone have any knowledge about this.

I was issued with a statutory demand of which I paid.

The debt collection company are now asking for an additional £2999 to cover costs 1 and still threatening insolvency.

Is this law full ? Can they enforce it.

I have stopped the cheque for the settlement as unsure how to proceed. Even the FCA wouldn't advise me.

Any suggestions ?

Comments

  • happy_bunny_2
    happy_bunny_2 Posts: 4,488 Forumite
    Does anyone have any knowledge about this.

    I was issued with a statutory demand of which I paid.

    The debt collection company are now asking for an additional £2999 to cover costs 1 and still threatening insolvency.

    Is this law full ? Can they enforce it.

    I have stopped the cheque for the settlement as unsure how to proceed. Even the FCA wouldn't advise me.

    Any suggestions ?

    Best give national debtline a call.
    :beer:
  • National_Debtline
    National_Debtline Posts: 7,998 Organisation Representative
    Tenth Anniversary 1,000 Posts Combo Breaker
    Hello there,

    What is the debt, and what are the charges for?
    Do you know if the the debt collection company has issued a 'creditor's petition for bankruptcy'?
    Without knowing about the charges it would be impossible to say if the charges can definitely be challenged - But I think it is quite likely.

    If you can provide more information we'll be able to help further.

    Best wishes,

    David @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
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