What happens if an account is sold after default??

[Deleted User]

Speak to StepChange about this.

They can provide advice

mcpitman

Autumn86 wrote: »

If you don't own a car or have a mortgage they are powerless, and extremely unlikely they will take you to court, as it'd be a waste of their money. lol

I advise getting a Debt Relief Order to get the entire debt just written off.

Very poor advice from a self admitted banking thief.

Willing2Learn

Debthelpneeded wrote: »

There are two debts with Barclaycard - £6522 and £8000. I also have two cards with MBNA, £3000 and £8000, they are both about to default too.

Can't really afford any repayments, after doing an income and expenditure form with both companies i was -£40

I would do an SOA and post it up in the DFW board for best advice, support and guidance. You can ask all your creditors to freeze your accounts and put them on hold so that you can have time to seek advice. Defaults are good as I believe it means no more interest or charges. Gives you more breathing space