LCS Credit Management

JBAnderson

Has anyone ever heard of LCS Credit Management?

I have received a letter from them demanding settlement for a debt from 2015 which isn't UK relevant. It isn't even EU relevant, it's from the UAE. I have no issue paying this debt as an when I'm in the position to do so, but not right now.

Firstly, what is this all about and is it legally enforceable? I don't owe them any money in the UK.
Can they mark it on my credit file?
Can they use the courts to enforce a debt on behalf of a UAE bank?

I'd argue the amount is subject to a certain amount of contention as they are looking to recover in GBP, which has hiked the debt significantly as it was taken out in AED when the rate was around 6:1 and now it's 4.5:1.

Any advice appreciated.

Regards,

sourcrates

Debts from abroad cannot usually be enforced in the UK.

They can write and ask you to pay, but they cannot apply anything to your credit file, or use the UK court system, unless a recipricol agreement is in place.

The only other way it might become enforcable over here is if the creditor sold the debt to a UK debt purchasor, they would then chase you over here, assuming they can trace you, then normal UK debt collection rules would apply, however, this kind of thing is very rare, and it would have to be quite a substancial amount of money to make it worth everyones trouble.

Primrose1357

Ive had a similar letter! Pressing for full payment working on behalf of their client in uae. They are stating an amount of £16k which i do not owe! I left uae i years ago and as far as i was concerned my credit card was cleared and closed. Can this be enforced in uk??

Primrose1357

I left uae 8 years ago

[Deleted User]

You might find this thread useful. It doesn't seem to be as easy to avoid overseas debt as is often assumed.

https://forums.moneysavingexpert.com/discussion/5602856uae+debt

The statute barring times are also different apparently, with it being 10 years in UAE.

Primrose1357

Lsc said they were going to carry out a uk asset investigation to find out what could be used as security in the event of any legal proceedings. Can they do this? Wheat kind if a check us this?? All i own is a car which i bought outright. They did their client is still happy to reach a " fair reasonable and affordable resolution".

fatbelly

Never known LCS to issue anything other than empty threats

https://forums.moneysavingexpert.com/discussion/2983648

Primrose1357

Ive been googling but havent seen anyone talk about asset investigation?

fatbelly

Primrose1357 wrote: »

Ive been googling but havent seen anyone talk about asset investigation?

It's meaningless like most of LCS's communications

Primrose1357

Im worried about the fact they are sending me letters to my address. Is it an empty threat??