DMP mutual support thread part 13 !!

gerrard88

It says Terminating with immediate effect. Passed to debt collection agency

So may as well go with stepchange now and not wait to default?

Thanks again

stu12345_2

it still doesn't say they have been sold eg assigned to this debt collection agency.

this dca is just doing the donkey work for the creditor now, eg only make payments to  them now, only communicate with them now  etc.

it's only when it's defaulted do you consider going with stepchange

( and it can only be assigned/sold to another company if it's defaulted)
( but a dca can still collect after it's defaulted, but not actually sold on  by the original crditor)

that's different to just using a dca to collect/ deal with you now on a non defaulted debt

the key is has the debt actually defaulted , have you had letter saying debt has fully defaulted, cos on your credit report a month after the default it will actually show as defaulted.

gerrard88

Just been on experian for my credit score and has said got least 1 default

stu12345_2

is this for this debt that is with this dca, like I said the key is the word defaulted.

a new company eg ,dca can fully buy these debts  once they have fully defaulted or they can be the donkey work company on debts that haven't defaulted  or indeed have  defaulted ( but not actually sold on to the new dca and the creditor can't deal with collecting it.)

stu12345_2

eg my Barclaycard debt defaulted then sold to pra who I've dealt with thereafter 

or my RBS debt who uses wescot where it hasn't defaulted, then RBS use moorcroft from wescot which still hadn't defaulted, then eventually it defaulted, but RBS still using moorcroft.
rbs never ever sold my defaulted debt on, they still using dca moorcroft to collect 

gerrard88

Yeah looks like from my experien and the lettee that my sainsburys is defaulted and sold to the debt agence. They have said to contact them in future

stu12345_2

if your 100% sure you've had a letter in the past saying your debt has now defaulted,

and your sure it's been sold(, cos being sold isn't the important bit,) it's the defaulted bit that is.

if it's fully sold , the word assigned will be on the letter which means sold, and the assignment will gave an exact date .

like I explained with my RBS debt, defaulted but it never has been  sold on, still using a dca  moorcroft, for collection.

then I guess it's time to deal with it either via an agency or by yourself depending on if you can afford to repay anything.

and that's important if you can repay anything or not

gerrard88

Thanks! Cant see assigned. Looks like may been defaulted thats it

Just says we have passed your account over 

stu12345_2

cos I still have my suspicions it hasn't defaulted and hasn't been assigned, not a gripe at you, sir,

it's just how they say it defaulted and sold on all in the same letter!!

gerrard88

Thank you for your help and advice

i have 4 other cards yet to be defaulted yet but i will look to go with stepchange to get things sorted