~~~ Consumer Credit Agreements - A Guide ~~~~ inc. Letters

[Curlyben]

Right then, something I have been meaning to do for a while.

Please remember that this advice is NOT meant as debt avoidance, but ensuring that the debt is paid to the legitimate owners, that being the Original Creditor.
After all, if I sent you a bill for £5,000 would you simply pay it without proof.

How to deal with DCA's

First Rule: NEVER talk to them on the phone as they will say anything to secure payment. Keep EVERYTHING in writing as this will supply an excellent paper trail should the need arise.

Second Rule: Admit NOTHING. Now bear in mind that DCA's are simply commission based "agents" and are looking for any admissions that they can use as leverage. It is the DCA's job to prove the debt is owed and valid, not yours to do their job for them.

Third Rule: Always deal with DCA's in a professional manner. Let them rant and rave and make all the threats. They will come unstuck before you do.

Fourth Rule: Stay cool and calm. Yes there is a debt to pay, but on your terms.

Fifth Rule: Well that'll do for now

So on with the show.
I'll be back later to start the ball rolling with a quick overview.


If anyone wants to post anything, comments or questions, feel free.
Bear in mind I'm a BOfH Geek and can go off on tangents and serious detail, so if things need explaining, just ask.