Debt Collectors want to 'contract' with me?

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  • rds60hrds60h Posts: 525
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    If also add that although an agreement was made to pay £1 a month a credit card company is not going to see that as a long term solution. They'll settle for it at first and give some time to see if circumstances change and you can pay more. But there'll come a time when it becomes too much hassle for them and they'll sell your debt on so they can recoup at least some of the money and not have to spend years chasing the full amount.

    And if that is the case, then he has no worries because as I said before DCAs do not have any powers, they survive on the ignorance and fear of the clients who believe the DCA have legal powers, they don't they only try to make it appear they are official and have powers of retrieval and repossession.
    You or I have the exact same power as them.................none !
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