I had received a bunch of text messages from Barclaycard this week stating that I needed to make a payment ASAP to get my account up-to-date otherwise they would be forced to pass the debt onto a debt collection agency.
As I’ve already stated to Barclaycard in writing, I cannot afford to make the minimum payments [...]
I don’t know if this is true or not, but I have read on the Consumer Action Forums that some unscrupulous lenders are agreeing full and final settlements with their borrowers, confirming that they will not pursue the remaining balance of the debt to the borrower, but then selling this remainder onto debt collection agencies.
Apparently [...]
This is a question I’m sure many people will be wondering. If you read up on the internet there are various forums where people talk about full and final settlement, usually lots of triumphalism about how much of their debts they have succeeded in “writing off” – but what they tend not to publicise is [...]
