Gan a creditor seek more money per month from me?

Question

I ,m paying a creditor as ordered by the courts ( and have not defaulted since they accepted my offer)-can they suddenly say they can't accept my offer,until I fill in a financial statement of my incomings and outgoings?-they say they have "bought" the debt from the original debt recovery agency-can they do this?,or do I see them in court?

Answer 1

You have an agreement with the creditor that you have been paying on as agreed, even if someone else buys the debt the agreement is still valid.

Don't provide them with ANY financial information without a court order, and tell them exactly where they can stick their "financial statement".

Answer 2

Debt recovery agencies regularly buy outstanding debts from each other, but the new agency can't go against a previous agreement made by the courts, even if it was to a previous agency.

They can ask to review your financial situation though, in which case the financial statement request would be correct procedure.  Do not change your payments unless you speak to an advisor or Citizens Advice or a change is enforced by the court.

Answer 3

if you are paying the amount ordered by court and havent defaulted they cant do a thing. they are just pushing to see if they can get you to pay the debt quicker. it would be wasting the courts time to see a case that hasnt defaulted on the agreement. --- dont worry ---- tell them they can take you to court to order you to pay more money BUT in the meantime carry on paying the amount as usual, dont cancel any direct debits. i had one debt that has taken me 9 years to pay at £40 per month - always paid it on time and they threatened me with the same - never heard anything more from them and carried on paying £40

Answer 4

let them do there worse and see them in court, see the citizens advice bureau for further advice

Answer 5

There are companies that buy debts but the judgement of the court will take precedence over any request laid down by the new creditor.

There is no harm in supplying them with the information they have requested but do not be bullied into paying over and above the amount laid down by the court.

Make sure you do not default on any payment.

For your own peace mind see yor local Citizens Advice Bureau.  They will have experts who can advice you in more detail.

Good luck.