Can't remember all debt collectors

chopsie77

Hi, all, I'm sorry to ask this as I'm sure it's been asked before (but I cannot find it!).
I have been advised to go for a DRO, but I am struggling to find who I owe money to as the debts have been sold on numerous times. Canni just put the original creditor down?

sourcrates

You need to get on the phone and start ringing around, look on your credit files, all your accounts should show on at least one of the 3 credit reference agencies, contact the original creditor and simply ask them who they sold the account too.

You must get this information 100% correct for a DRO, its not like bankrupcy, where all your debt is included, listed or not, in a DRO you must list each creditor and the balance owed on the day you apply, its critical you get this right.

So phone around and get the information you need, you have to be pro-active here to help yourself, and sometimes a little legwork is required.

fatbelly

It's better to put the original creditor, with original reference number, than put nothing at all. But you are making a problem for yourself as the current owner will not be informed of he DRO by the DRO team.

Sourcrates is right that a bit of leg work now will make life easier later.