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Advice for partner
Ettenna
Posts: 639 Forumite
Hi,
My new partner has finally confided in me his debts (we've only been together a couple of months). He has got letters from Moorcroft (taken over from another collection agency) for HSBC for a debt of approx £2,500; letters from HMRC for non-filing of self assessment (not sure if he's done this yet or not); a debt of a couple of months payment for his car; a credit card debt of approx £1,000 and he thinks that's it.
He is panicking about the Moorcroft one because it talks about debt collectors, etc. He has been offered a settlement figure but I don't think he should take it. I can't remember what the process is to deal with these cowboys
My new partner has finally confided in me his debts (we've only been together a couple of months). He has got letters from Moorcroft (taken over from another collection agency) for HSBC for a debt of approx £2,500; letters from HMRC for non-filing of self assessment (not sure if he's done this yet or not); a debt of a couple of months payment for his car; a credit card debt of approx £1,000 and he thinks that's it.
He is panicking about the Moorcroft one because it talks about debt collectors, etc. He has been offered a settlement figure but I don't think he should take it. I can't remember what the process is to deal with these cowboys
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Comments
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He thinks that's it?
Get him to print off a free credit report (Experian etc..) to be sure.0 -
He is panicking about the Moorcroft one because it talks about debt collectors, etc. He has been offered a settlement figure but I don't think he should take it. I can't remember what the process is to deal with these cowboys
No, the Moorcroft one is non-priority.
He needs to address the HMRC one and if the car finance is HP or conditional sale and he wants to keep the car, that one too.
Get him to post on here and we can give more specific advice.0 -
Moorcroft don't buy debts, they just manage them for other clients, so can't do anything to him, as the original creditor will still own it.
As above, HMRC debt is priority here, don't worry about toothless debt collectors.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Hi
I agree with the others in prioritising HMRC.
I’m presuming he’s self-employed so he might find it useful to discuss his finances and options for dealing with debts with Business Debtline.
www.businessdebtline.org
James
@natdebtlineWe 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 Steps0 -
National_Debtline wrote: »Hi
I agree with the others in prioritising HMRC.
I’m presuming he’s self-employed so he might find it useful to discuss his finances and options for dealing with debts with Business Debtline.
www.businessdebtline.org
James
@natdebtline
And you. He is not self employed. And never has been. It's was something to do with benefits in kind or something like that.0 -
HMRC is the priority debt here. He needs to look at the implications of non payment of each debt separately. Consequences of HMRC can be imprisonment, secured debts come next (on property or car), and then unsecured debts. Debt collectors can only call with a court order which presumably it has not yet got too.
Get him to check Experian or Noddle to see if anything else outstanding.
He should contact his debtors and Moorcroft and let them know his position and then look at what his options are - DRO, bankruptcy or if he is working maybe contact Stepchange.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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He has now said that the thing he is really worried about is that everything is registered at his parents home and he thinks that if a debt collector goes round they will just pay up. They don't know anything about his debts.0
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He has now said that the thing he is really worried about is that everything is registered at his parents home and he thinks that if a debt collector goes round they will just pay up. They don't know anything about his debts.
1. There aren't a lot of door-to-door collectors around as it's not very cost -effective.
2. Is he sure no-one knows his present address? If he is on the electoral roll, or has anything like a bank account at this address his credit file will show this, and creditors will write there.
3. If he is going to deal with this problem the first thing to do is to write to each creditor, from this address.
4. His Parents should be grown-up enough not to pay someone at their door just because they demand money. They probably are.enthusiasticsaver wrote: »Debt collectors can only call with a court order which presumably it has not yet got to
Bailiffs can only call with a court order (except HMRC bailiffs -one reason why it's a priority debt). Debt collectors can call but have no rights to take control of goods or force entry - they can only ask for payment.sourcrates wrote: »Moorcroft don't buy debts.
As a recent development, they do. It's pretty clear when they have done so though.0 -
As a recent development, they do. It's pretty clear when they have done so though.
Do they indeed !!!
Times must be hard for them, bless !!!!!I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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