Selling a debt?
26 January 2007, 08:05 PM
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Selling a debt?
Someone who i owe money to is saying they want to sell a debt.
Now listen
I have been paying said person off over a few months, but stupidly have not been asking for receipts.
I asked for receipts dating back to when i stated paying, they refused and then an argument came, they said they would now sell the debt, trouble is they have no proof of the loan in the first place.
I have no intentio of not paying but want proof of payments, just want it done properly.
Surely even "unofficial" debt collectors will want to see some proof of the agreement, before "proceedings" start
Or do they
Now listen
I have been paying said person off over a few months, but stupidly have not been asking for receipts.
I asked for receipts dating back to when i stated paying, they refused and then an argument came, they said they would now sell the debt, trouble is they have no proof of the loan in the first place.
I have no intentio of not paying but want proof of payments, just want it done properly.
Surely even "unofficial" debt collectors will want to see some proof of the agreement, before "proceedings" start
Or do they
26 January 2007, 08:24 PM
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I think you know what to expect then 
Hope they accept that you've already paid X amount, but i wouldn't be suprised if they didn't to get more £ from you. They'll also prob charge you 30 or 40% interest or something silly. Expect an early morning or late night wake up/rough up call as your introduction to them as well so you know they "mean business"
Best bet would be to try to pay them off the whole amount asap.
Hope they accept that you've already paid X amount, but i wouldn't be suprised if they didn't to get more £ from you. They'll also prob charge you 30 or 40% interest or something silly. Expect an early morning or late night wake up/rough up call as your introduction to them as well so you know they "mean business"
Best bet would be to try to pay them off the whole amount asap.
26 January 2007, 08:26 PM
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But would these people want to see some kind of proof also though?
My understanding is they will pay cash upfront for the debt, but whats to stop someone fabricating the whole thing.
My understanding is they will pay cash upfront for the debt, but whats to stop someone fabricating the whole thing.
26 January 2007, 08:28 PM
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They'd want to see proof usually, depends how dodgy they are as well, and if they're friends of the person selling the debt, 'mates' word and that. Even though they're dodgy as **** they would not take kindly/be very pissed off if they did take on a made up debt so i don't think they'd take it on unless they knew/trusted the chap selling the debt so they'd have to be pretty tight with him to do that without proof.
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26 January 2007, 08:31 PM
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I think you know what to expect then
Hope they accept that you've already paid X amount, but i wouldn't be suprised if they didn't to get more £ from you. They'll also prob charge you 30 or 40% interest or something silly. Expect an early morning or late night wake up/rough up call as your introduction to them as well so you know they "mean business" Best bet would be to try to pay them off the whole amount asap.
Hope they accept that you've already paid X amount, but i wouldn't be suprised if they didn't to get more £ from you. They'll also prob charge you 30 or 40% interest or something silly. Expect an early morning or late night wake up/rough up call as your introduction to them as well so you know they "mean business"
Best bet would be to try to pay them off the whole amount asap.your not one of "da boyz" are you
26 January 2007, 08:32 PM
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why not just get a contract drawn up for what is left as long as it states full and final payment for X item or something like that you would be covered afaik, after all all you really need to worry about is what is left to pay.
26 January 2007, 08:44 PM
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Someone who i owe money to is saying they want to sell a debt.
Now listen
I have been paying said person off over a few months, but stupidly have not been asking for receipts.
I asked for receipts dating back to when i stated paying, they refused and then an argument came, they said they would now sell the debt, trouble is they have no proof of the loan in the first place.
I have no intentio of not paying but want proof of payments, just want it done properly.
Surely even "unofficial" debt collectors will want to see some proof of the agreement, before "proceedings" start
Or do they
Now listen
I have been paying said person off over a few months, but stupidly have not been asking for receipts.
I asked for receipts dating back to when i stated paying, they refused and then an argument came, they said they would now sell the debt, trouble is they have no proof of the loan in the first place.
I have no intentio of not paying but want proof of payments, just want it done properly.
Surely even "unofficial" debt collectors will want to see some proof of the agreement, before "proceedings" start
Or do they
26 January 2007, 09:31 PM
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if its a underworld money loan as i imagine it is if theres no paperwork, pay the debt, call the chap ask him politely what you owe argue the payments you have made offer the right amount in cash to settle the amount honestly owed
you do not want to go pissing off un official lenders, they will have good contacts and wont stop till they have there dosh, ive known people to be terrorised, cars stolen houses burned down etc, they honestly dont care, scare tactics is how they work, just not worth the hassle m8
you do not want to go pissing off un official lenders, they will have good contacts and wont stop till they have there dosh, ive known people to be terrorised, cars stolen houses burned down etc, they honestly dont care, scare tactics is how they work, just not worth the hassle m8
26 January 2007, 09:47 PM
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As apples stated people will go to stupid lengths to reclaim the money, fires been set outsides of houses are no uncommon, people been mown down are also not uncommon, if the debt is large enough, these people want paying as at the end of the day when they get the money they get paid.
26 January 2007, 09:49 PM
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If you didn't complete the following mods by February - would you have enough to pay up? 
TD05 16g Ported
Pink injectors
Fuel rail conversion kit
Harvey ported headers
Samco induction pipe
TD05 16g Ported
Pink injectors
Fuel rail conversion kit
Harvey ported headers
Samco induction pipe
26 January 2007, 09:54 PM
#20
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I have the money to pay, as stated in my first post!
I just want receipts for monies paid over already, not an unreasonable request.
I just want receipts for monies paid over already, not an unreasonable request.
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