Managers Debt Collecting Agents
Debt Managers Debt Collecting Agents and
the Truth About Your Debt
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You may call into question the validity of the amount owed or indeed
the existence of the debt itself by making a SAR as a reply to Debt
Managers debt collecting agents. The owner of the debt (the bank or
the DCA) is obliged to send you a true signed copy of the original credit
agreement if the agreement was made before 6th of April 2007. When they
fail to do this they are in violation of the Consumer Credit Act, and
the debt is in dispute. As long as the alleged debt is in dispute they
cannot make demands on you to pay it (if they do they are in further
breach of the law) and they must not sell it on (which many do nevertheless
at this stage). While this situation exists it cannot be enforced, even
by a court of law. There is a series of pre-written letters available
you can follow up with after this. If you want you can always get a
lawyer to do this for you, due to the difficulty of the law at certain
points. There are also quite a few paralegal firms who offer services
in the field.
It is best to ensure that you know whether the debt collecting firm
has purchased the account themselves (as a debt purchasing firm) or
whether they are doing debt recovery work for a client such as a loan
company or bank (where they would pocket a percentage of recovered money).
If a letter of assignment is sent, which is legally required when the
account has been sold wholesale, then you will know the collections
firm is the actual owner of the account and will attempt to get as much
money out of you as he possibly can. When dealing with Debt Managers
debt collecting agents do remember that almost every penny they get
is pure profit because they purchased the account for next to nothing.
So they will try to get you any way they possibly can.
So ask Debt Managers Debt Collecting Agents
for a copy of the original contract when you took out your loan or credit
Data On Debt Managers Debt Collecting Agents
you have any information that you would like honest people to know
about Debt Managers Debt Collecting Agents then send us an email in complete confidence and
we will try to corroborate it with the clowns involved.
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