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Scottish Trust Deed Forum
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Topic starter
22/06/2011 5:04 pm
Hi all. I now need to do something formal as two more companies are starting to play silly-buggers. RBoS is now sorted. But HFC have started legal procedings I have spoken to their solicitors and they have agreed to Decree and payment by installments of £24.00. The other one is GE money they sold the debt to Link Financial who have started hounding me. I have explained to their solicitors I was paying GE Money £19.63 per month until they sold it to link and link started demanding £600 per month. I have said I will defend their court action as I had an agreement for £19.63 and could continue with that amount. they are seeking instructions from link. But this is starting to put a strain on us. As soon as I get one sorted another one starts playing up. Who will be next?.
Any advice would be great. I still really want to fully pay the debts, even if it takes a long time.
22/06/2011 6:23 pm
Hi Head-just-above-water
Unfortunatley debts being passed from debt collector to another debt collector is a common problem and they can be difficult to keep track of. The only way to ensure creditors cannot take further legal action is to have a legally binding agreement such as DAS or a trust deed.
Have you sent an income and expenditure to link for them to consider?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
22/06/2011 6:35 pm
Hi TDA, Yep sent that to link, don't care, came back with borrow the money to pay us before everyone else, then dropped their demands to the 600 per month. I have sent the i&e to their solicitors to see if they can make them see sense. I intend to attend court to put my case forward. HFC are going to accept(via their solicitors) the £24 per month but want their decree. I thing the DAS is the best way forward as they all will get there money.
22/06/2011 6:50 pm
That is correct, with DAS you pay back 100% of what you owe but the interest and charges are frozen and you have the legal protection.
I suggest that you act quickly as legal action in involved. DAS can suspend that type of action, where required, pending creditor review/approval.
You can visit the Money Scotland website to find details of DAS Approved Money Advisers in your area. We also have a profile and interview with George White on the site who is a DAS Approved Money Adviser working on a commercial basis with Henderson Loggie.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
