Consumer Credit Support  
Bailiff Advice Online

Go Back   Consumer Credit Support > Consumer Credit Support > The Vineyard
Reload this Page Can you buy a private debt
FAQ Members List Calendar Mark Forums Read

Reply
Page 1 of 2 1 2 >
 
Thread Tools Display Modes
  #1  
Old 15-05-2010, 01:09 AM
HONESTLY's Avatar
HONESTLY HONESTLY is offline
Senior Member
  
Join Date: Jun 2007
Location: kent
Posts: 1,331
HONESTLY is on a distinguished road
Default Can you buy a private debt
My freind has a debt which he cannot afford to collect. Could i collect this for him ? how do i transfer this into my name ?
__________________
NO COMMENT
Reply With Quote
  #2  
Old 15-05-2010, 08:40 AM
nattie nattie is offline
Senior Member
  
Join Date: Jun 2007
Posts: 368
nattie will become famous soon enoughnattie will become famous soon enough
Default
What do you mean? Can you not lend him the money to enforce it?
Reply With Quote
  #3  
Old 15-05-2010, 10:04 AM
HONESTLY's Avatar
HONESTLY HONESTLY is offline
Senior Member
  
Join Date: Jun 2007
Location: kent
Posts: 1,331
HONESTLY is on a distinguished road
Default
No i cant.
__________________
NO COMMENT
Reply With Quote
  #4  
Old 15-05-2010, 02:09 PM
nattie nattie is offline
Senior Member
  
Join Date: Jun 2007
Posts: 368
nattie will become famous soon enoughnattie will become famous soon enough
Default
you missed the first question.....what do you mean exactly?
Reply With Quote
  #5  
Old 15-05-2010, 03:08 PM
SgtChubbs's Avatar
SgtChubbs SgtChubbs is offline
Senior Member
  
Join Date: Jul 2008
Location: Mongolia
Posts: 551
SgtChubbs will become famous soon enough
Default
Are you asking if you can purchase a debt owed to your friend, so that you can collect it ?

In a similar vien to a DCA buying a loan from a bank ?
__________________
Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.
Psalm 23:4


SgtChubbs (a.k.a chubbs)
Posts are based on my own personal experience. No offence is intended and should not be taken
Reply With Quote
  #6  
Old 22-05-2010, 03:53 PM
HONESTLY's Avatar
HONESTLY HONESTLY is offline
Senior Member
  
Join Date: Jun 2007
Location: kent
Posts: 1,331
HONESTLY is on a distinguished road
Default
Its bank charges. Rathar than my freind persue them i would do it on his behalf etc.
__________________
NO COMMENT
Reply With Quote
  #7  
Old 22-05-2010, 04:42 PM
SgtChubbs's Avatar
SgtChubbs SgtChubbs is offline
Senior Member
  
Join Date: Jul 2008
Location: Mongolia
Posts: 551
SgtChubbs will become famous soon enough
Default
An unusual idea
__________________
Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.
Psalm 23:4


SgtChubbs (a.k.a chubbs)
Posts are based on my own personal experience. No offence is intended and should not be taken
Reply With Quote
  #8  
Old 28-05-2010, 10:12 PM
tifonet tifonet is offline
Senior Member
  
Join Date: Jun 2007
Location: Lancashire
Posts: 1,254
tifonet is on a distinguished road
Default
wouldn't the debt have to be valid and due before it can be assigned, like any other debt?

in this case, how are the charges due to your friend as a debt if the bank disputes they are owed?
Reply With Quote
  #9  
Old 03-08-2010, 02:56 PM
HONESTLY's Avatar
HONESTLY HONESTLY is offline
Senior Member
  
Join Date: Jun 2007
Location: kent
Posts: 1,331
HONESTLY is on a distinguished road
Default
Treat it like a bank debt as to many a people are following me about.
__________________
NO COMMENT
Reply With Quote
  #10  
Old 05-08-2010, 10:18 AM
Dragonlady's Avatar
Dragonlady Dragonlady is offline
Moderator
  
Join Date: May 2007
Location: Proud member of the CFC.
Posts: 10,998
Dragonlady has disabled reputation
Default
You could do it on his behalf if he wrote the bank concerned giving permission for you to act for him.

Are you thinking of becoming a CMC..Now you know the legislation regarding this...
Reply With Quote
Reply
Page 1 of 2 1 2 >

« Previous Thread | Next Thread »

Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT. The time now is 09:27 PM.

Contact Us - Consumer Credit Support Group - Archive - Top

Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Consumer Credit Support