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takka
Posts: 19 Forumite
Hi all i have a question if anyone might know?
I got a default that has a year to run still that says
account settled ,i take it it was taken on by DCA
and have noticed when updated it keeps going up.
It started at £900 now its £1196 as of December
when it was last updated.
Could this be the DCA charging interest?
I got a default that has a year to run still that says
account settled ,i take it it was taken on by DCA
and have noticed when updated it keeps going up.
It started at £900 now its £1196 as of December
when it was last updated.
Could this be the DCA charging interest?
0
Comments
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Hi,
Once a debt defaults, thats it, the balance is frozen, and no further sums can be added to that balance......unless.....the original credit agreement allows them to do so, but not many do, what type of debt was it ?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 -
A water company,southern water0
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A water company,southern water
So would be governeed by your water companies standard contract then, it could very well be added interest, only way to find out is to ask.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 -
Yes i think i will have to .0
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