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Can Debt Collection Agencies Take You to Court? 

MoneyNerd
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People facing debt: Could you write off some debt? Get started here: moneynerd.co.uk/get-debt-opti...
If you’ve just received a letter from the debt collectors and you’re worried they’ll fast-track you to court, don’t worry! There’s a process they have to go through first, and I’ll explain it here.
The information provided in this video is for editorial purposes only and not intended as financial advice. Free debt counselling, debt adjusting and providing of credit information services are available from MoneyHelper, an independent service set up to help people manage their money. You can find out more by contacting MoneyHelper. MoneyNerd is not associated with MoneyHelper, we just think they're great.
MoneyNerd does not give specific debt advice and we recommend that you always discuss your personal situation with a qualified adviser that works for a company that is authorised and regulated by the Financial Conduct Authority. With your consent MoneyNerd may pass you on to a trusted debt counselling company or insolvency practitioner. MoneyNerd Limited is an Introducer Appointed Representative of Pacific Financial Solutions Ltd who is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 688034) and is classed as a debt counselling firm. Their in house IPs are Jason Bowen who is authorised to Act in the UK by the Institute of Chartered Accountants of Scotland (ICAS). Licence no. 22150 and Laura Stewart who is authorised to Act as in the UK by the Insolvency Practitioners Association (IPA). Licence no. 23590.

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Опубликовано:

 

12 апр 2024

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Комментарии : 6   
@joannesaltfleet2071
@joannesaltfleet2071 2 месяца назад
Yes they can but it takes ages to go through court!
@ianmorgan-smith7860
@ianmorgan-smith7860 2 месяца назад
I have been taken to Scottish County court twice over past 12 months. On the first occasion PRA Group took used a Simple Court Procedure chasing me for £5400. I offered £1. I filled out the form and explained my circumstances. I didn't provide any proof. PRA Group accepted £1 a month and a CCJ was issued. I will pay a £1 month for the rest of my life. On the second occasion American Express took me to court. After filling in a time to pay direction - American Express abandoned court action, decided to stop chasing me for the debt and 'partially settled the debt'. I am still £40 000 in total debt and not frightened of being taken to court. However I am in rented social housing and own no car.
@krisboyfavour8603
@krisboyfavour8603 2 месяца назад
Can a debt collector come after one because of £50.
@marknorville683
@marknorville683 2 месяца назад
They will come after you for any amount. It depends upon whom you owe the money to. If a big corporation they have enough money to chase up the debt.
@WiresFanDrew
@WiresFanDrew 2 месяца назад
Yes then also ramp up the amount owed in fees
@ZoneTapes
@ZoneTapes 2 месяца назад
We can stop most debt collectors by us using the law and simply writing a few letters, watch the 'debt' videos on these RU-vid channels; observation deck, sovereign empowerment, Richard vobes. And a great book that helps is The Title is Unimportant by Paul Michael Yates ;)
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