MCO Euro? cant repay a debt

reason2

Hi All,

Im finally growing up and paying off my old debts..

i have one with Orange for £100 from 2012..

i phoned EE, who contacted Orange apparently and advised the debt is with MCO Euro and gave me a telephone number. 0870 152 5649.

Cant find MCO Euro on google any where, and the phone number just states "Horizon no longer supports this service"

How do i go about sorting this balance and who are the company that apparently owns it!

Orange say its nothing to do with them... any ideas?

sourcrates

Never heard of them sorry.

Your options are :

(1) Wait until someone writes to you about the debt, then settle it.

(2) If no one contacts you, in two years time, or there abouts, it will become statute barred anyway.

Wouldn't worry about it to be honest, paying it off wont remove any default associated with the debt any quicker, it will still show for 6 years regardless.

reason2

so paying off defaults wont positively impact my credit file?

National_Debtline

Hi,


You have a couple of choices here. Firstly, you email/ write to Orange and ask them for a copy of the 'Deed of Assignment' for when they sold this debt on. Ask them for contact details and specify that the details provided are invalid.

Or check all 3 of your credit files and if they have updated your reported their details should show in the 'Useful Addresses' section for you to get in touch.

Alternatively, you can wait and see if they contact you, especially after checking your credit file, but this isn't especially pro-active.


Laura
@natdebtline

reason2

the contact details are that of orange who say all they can do is give me MCO euro's phone number..

I might do a check on companies house, but if paying it off wont positively impact my report.. what would it do?

National_Debtline wrote: »

Hi,


You have a couple of choices here. Firstly, you email/ write to Orange and ask them for a copy of the 'Deed of Assignment' for when they sold this debt on. Ask them for contact details and specify that the details provided are invalid.

Or check all 3 of your credit files and if they have updated your reported their details should show in the 'Useful Addresses' section for you to get in touch.

Alternatively, you can wait and see if they contact you, especially after checking your credit file, but this isn't especially pro-active.


Laura
@natdebtline

sourcrates

A settled default may look better to a creditor than an outstanding one.

But it would only effect you should you apply for credit again.

Nothing you can do will remove said default entirely, any quicker.

sourcrates

National_Debtline wrote: »

Hi,


You have a couple of choices here. Firstly, you email/ write to Orange and ask them for a copy of the 'Deed of Assignment' for when they sold this debt on.
Laura
@natdebtline

Never once in 15 years has a creditor ever been able to supply a copy of the deed of assignment when i have asked.

They dont exist do they ????

Notice of assignment yes, but deed ?

National_Debtline

Paying it off would change the status from defaulted to settled and that would be positive. However, the issue is that it may not be an instant improvement. Because your overall credit worthiness is determined by more factors than just credit history (such as age, homeownership, financial associations etc.) and because this is an older debt, it may not radically change your overall credit file straight away, but over time, a settled account is better than an outstanding default. But Sourcrates is right, the original default date will show for 6years.


Laura
@natdebtline