We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Debt Collectors & Information Requirements
Keighty
Posts: 2 Newbie
I have been recently chased for a debt from a couple of years ago. I have written back to the debt collectors and offered to pay a monthly sum I know that I can afford.
They have written back saying they need me to complete an income and expenditure form before they can enter into a payment agreement. I have never been ‘required’ to do this before.
Am I legally obliged to complete this form and send it back to them?
Thanks!
They have written back saying they need me to complete an income and expenditure form before they can enter into a payment agreement. I have never been ‘required’ to do this before.
Am I legally obliged to complete this form and send it back to them?
Thanks!
0
Comments
-
You are not obliged to complete an income and expenditure form, but on the other hand, the company do not have to allow you to pay by installments.
Swings and roundabouts."There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock0 -
No your not legally obliged to do so, but it’s actually entirely for your own benefit, they need to know that what you have offered is affordable to you, it’s an FCA requirement now, if they deem it unaffordable, they will ask you to lower your offer.
Gone are the days of threats of broken bones and kneecaps, it’s all so nicy nicy nowadays.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it 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.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards