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Paying to a debt company

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  • BungalowBel
    BungalowBel Posts: 510
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    I have now found how to pay by Bank Transfer, thanks for all your help.

  • Brie
    Brie Posts: 17,864
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    I hope your friend and her son get things sorted out soon. She's lucky to have you as a friend.

    I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions 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.

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  • BungalowBel
    BungalowBel Posts: 510
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    edited 28 February at 8:54AM

    I paid the bill.

    The secrecy (from her husband, such as when she had to give me the money back without him knowing) and the panic from my friend (which I do understand), has really been stressful for me. I will never do it again, much as I want to help. She (or preferably he!) can do the transaction themselves.

    Thanks all for your help.

  • Rob5342
    Rob5342 Posts: 3,143
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    edited 28 February at 9:51AM

    One thing to be aware of is that the transaction will show on your bank statement, so if you ever need to show bank statements, when you remortgage for example, then there might be some questions asked. I think it's normally only about six months they ask for so it shouldn't be a problem, but is something to be aware of if other people are considering doing the same.

    She could have opened her own bank account if she wanted to pay it, Starling and Monzo for example let you open an account in a few minutes and you can pay in cash at a post office. Unfortunately people tend to stay stuck in the same pattern when people pay their debts off for them. I know it's not what you want to hear but her son is likely to end up in the same position again.

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