Hello I would apprreciate any advice if possible.
In 2002 I had a student overdraft with a HSBC for £2500, with a balance of -£2200 I left university but had regular payments into my account
In 2005 I went back to university/medical school, my HSBC balance was now -£1100 and the overdraft limit was £2500 but it was now a graduate account. I got a student account with another bank but stupidly inquired about graduate loans to help fund my re-entry to university. HSBC promptly closed my account and passed the overdraft to several in-house agencies like DG Solicitors and Metropolitan collection services. In 2009 when doing my final exams I had a lot of harassing phone calls from Metropolitan collection services including before and during exams. It was stressful and I failed the exams achieving a poor outcome from university. I did complain and wanted compensation, having been left with nothing, everything became quiet. I continued regular repayments but received few responses.
In 2013 I moved addresses and contacted Metropolitan collection services. They told me they had written off my debts in 2010, I asked for written confirmation, I received nothing in writing to confirm the debts had been written off, as I had moved addresses and my old housemates tell me they have received nothing. I forgot to stop the standing order having not received anything, which I realised in 2014, then I stopped the standing order. Given all the repayments I should have a balance of £600-£700
Now out of the blue in 2016 I have received two letters from Cabot asking me for £1743.31. My issues are it was an interest free overdraft so there was no credit agreement. I was told the overdraft had been written off in 2010 so they have taken money but have been charging me interest it seems since then. No one told me they wanted money from me for several years, so I feel annoyed it has come as a suprise now. I dont mind paying but understanding it can be seen as a sold debt that was written off, I would only pay 10-20%. How do I go about this and get a confirmation that no further demands or selling to third parties will be done after another couple of years.
In 2002 I had a student overdraft with a HSBC for £2500, with a balance of -£2200 I left university but had regular payments into my account
In 2005 I went back to university/medical school, my HSBC balance was now -£1100 and the overdraft limit was £2500 but it was now a graduate account. I got a student account with another bank but stupidly inquired about graduate loans to help fund my re-entry to university. HSBC promptly closed my account and passed the overdraft to several in-house agencies like DG Solicitors and Metropolitan collection services. In 2009 when doing my final exams I had a lot of harassing phone calls from Metropolitan collection services including before and during exams. It was stressful and I failed the exams achieving a poor outcome from university. I did complain and wanted compensation, having been left with nothing, everything became quiet. I continued regular repayments but received few responses.
In 2013 I moved addresses and contacted Metropolitan collection services. They told me they had written off my debts in 2010, I asked for written confirmation, I received nothing in writing to confirm the debts had been written off, as I had moved addresses and my old housemates tell me they have received nothing. I forgot to stop the standing order having not received anything, which I realised in 2014, then I stopped the standing order. Given all the repayments I should have a balance of £600-£700
Now out of the blue in 2016 I have received two letters from Cabot asking me for £1743.31. My issues are it was an interest free overdraft so there was no credit agreement. I was told the overdraft had been written off in 2010 so they have taken money but have been charging me interest it seems since then. No one told me they wanted money from me for several years, so I feel annoyed it has come as a suprise now. I dont mind paying but understanding it can be seen as a sold debt that was written off, I would only pay 10-20%. How do I go about this and get a confirmation that no further demands or selling to third parties will be done after another couple of years.
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