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How do they trace a debt
bluecoxy
Posts: 20 Forumite
Hi all,
OK some do owe the debts some don't but how do companies like mackenzie Hall and Lowell trace people so quickly after the original creditor usualy big corperations have sold the debt on,why couldn't the original creditor find the person within the time that the debtor went missing eg. 6 years.Then the company that brought the debt traces the person in less then 6 months.
I find this very strange can somebody en-lighten how it works
OK some do owe the debts some don't but how do companies like mackenzie Hall and Lowell trace people so quickly after the original creditor usualy big corperations have sold the debt on,why couldn't the original creditor find the person within the time that the debtor went missing eg. 6 years.Then the company that brought the debt traces the person in less then 6 months.
I find this very strange can somebody en-lighten how it works
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Comments
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Hi bc - I've just posted an answer on the MH thread:
http://forums.moneysavingexpert.com/showthread.html?t=253420&pge=8I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
unfortunately rog your post on the other thread is just their starter for ten :rolleyes:
The majority of their tactics are WAY below the belt and include phone calls to many different authorities under the guise of many different officials :eek::eek::heartpuls baby no3 due 16th November :heartpulsTEAM YELLOWDFD 16/6/10"Shut your gob! Or I'll come round your houses and stamp on all your toys" The ONE, the ONLY, the LEGENDARY Gene Hunt :heart2:0 -
Thanks for that!
Makes you mad that some OAP could get one of these letters even though its not their debt panic and enter into a payment plan has i suppose they are happy has long as someone is paying even if its the wrong person.
Low life maggots!!!0 -
They sit like vultures waiting...........Almost debt-free, but certainly even with the Banks!0
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bathgatebuyer wrote: »They sit like vultures waiting...........
:rolleyes: :rolleyes:
No they dont ~ they trace the debtor by unscrupulous (and illegal) means!!:heartpuls baby no3 due 16th November :heartpulsTEAM YELLOWDFD 16/6/10"Shut your gob! Or I'll come round your houses and stamp on all your toys" The ONE, the ONLY, the LEGENDARY Gene Hunt :heart2:0
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