BW Legal - County Court Claim

shibbytay

I had a vanquis card a number of years ago and defaulted due to a change in personal circumstances. The debt has been factored over the years and to be honest with the time that passed (4 years) I'd gotten to the point where given the offers of 30/40/50% off I thought they would never file papers and it would end up being statute barred.

I came home today and it seems I was wrong...

So the debt is mine, I have savings which will cover paying it off (approx £1800). Given the age of the debt I expect all of the paper work is in place to support their claim. Had vanquis made the claim I'd be paying it off now - my question is whether I'm better to pay the full amount or seek to pay in instalments. I'd sooner not have a ccj on my file as I've actually been very well behaved for 3 years. That said to pay in full would wipe my savings out which may be an issue if I were to lose my job etc. Likewise the debt has been sold off and given the discounts offered previous BW are clearly making a decent profit on this.

Is there any scope to request a full and final settlement figure at this stage rather than paying it back in instalments? Any advice would be appreciated

sourcrates

Never, ever assume they have the "correct paperwork in place".

The paperwork never leaves the original creditor, unless you ask to see it, as it stands, no one yet knows if they have the legal right to even take you to court.

Pop over to Legal Beagles and look at the "received a court claim" section, then follow there advice :

http://legalbeagles.info/library/guides_and_letters/court/