Westcot after default

Lettingissues77

Hi,

I have read a lot of advice and I think I am getting confused as there is advice not to deal with Westcot as they are debt managers rather than purchasers. But I dont know if that applies to me as Tesco have already defaulted me.

I have received a letter from them (and they are calling very frequently) to say they have been asked by Tesco to manage the debt. The letter says to either pay in full. Or contact them for a payment plan.

Should I start paying the amount I have worked out as being able to afford to the details on the letter? Should I send a letter explaining the amount I will be paying?

Thanks for any advice 

Rob5342

If the debt has defaulted and you have a sufficient emergency fund built up then you can go ahead and start paying. Normally these companies have a website you can log into to tell them what you'll be paying. Make sure you pay by standing order/bank transfer rather than direct debit or debit card so you stay in control.

If it gets sold on and had been with a debt purchaser for a year or so then it would be worth making a cca request. If they can't provide the cca then you can simply ignore it. 

sourcrates

There are various stages to debt collection, debts can be assigned to collection companies before, during and after default, there are so many variables to this game, it can be very confusing.

Basic rule of thumb, if its defaulted, and gets assigned to a collector, you can pay the debt down if you want to.

No need to write to anybody, Wescott will write to you eventually, details of the debt and how to pay will be in the letter, you can do it on their own website, very easy and simple.

Lettingissues77

Thank you both.