Comments on: Office of Fair Trading Warns Debt Collectors for unfair business practices http://www.yesdebtfree.co.uk/articles/office-of-fair-trading-warns-debt-collectors-for-unfair-business-practices/ Free Debt Advice, Articles and Tips to live Debt Free Wed, 28 Jul 2010 21:34:22 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Michael http://www.yesdebtfree.co.uk/articles/office-of-fair-trading-warns-debt-collectors-for-unfair-business-practices/comment-page-1/#comment-321 Michael Sat, 27 Feb 2010 04:31:14 +0000 http://www.yesdebtfree.co.uk/articles/?p=129#comment-321 Hi there. I have been reading a number of your articles with great interest and I am very please with the level of information you have provided. It is a horrible situation to be in but a one that most people will find themselves in at least once in their lifetime. I worked in Dubai for over 12 months and like most expats living the dream in the middle east, we tend to live slightly above our means. Due to the credit crunch, I'm sure you're aware, Dubai come to a stand still and I was forced to abandon ship and return to home. I left Dubai with just under 20k worth of debt which I had used to settle all my old UK debts, kept me going for the following 3 months out of work and funded many a drunken night on the party scene in Dubai! I made contact with one out of the 2 banks I had the outstanding debts which are in fact credit cards and agreed a settlement figure. I payed the first half of the amount to them on the promise I would follow the second amount the following month. Unfortunately, I am again out of work and I am reluctant to send them over 5k when I am out of work. I advised that once I am working again and I know I have an income I will have no problems in settling the outstanding. The next piece of correspondence I received was from a UK debt collector, sent to my mothers house demanding the 5k with no regards to what I had discussed with the bank. What rights/power does a UK based debt collecting agency have over me regarding credit cards I have in Dubai? I have advised them that I am dealing with the bank direct and I do not want any dialogue with the agency but do I have any say on this? The interesting thing is, I do not even live in the UK only my parents do so does the agency have any rights in contacting them? Your help would be greatly appreciated, Michael Hi there. I have been reading a number of your articles with great interest and I am very please with the level of information you have provided. It is a horrible situation to be in but a one that most people will find themselves in at least once in their lifetime.

I worked in Dubai for over 12 months and like most expats living the dream in the middle east, we tend to live slightly above our means. Due to the credit crunch, I’m sure you’re aware, Dubai come to a stand still and I was forced to abandon ship and return to home. I left Dubai with just under 20k worth of debt which I had used to settle all my old UK debts, kept me going for the following 3 months out of work and funded many a drunken night on the party scene in Dubai!

I made contact with one out of the 2 banks I had the outstanding debts which are in fact credit cards and agreed a settlement figure. I payed the first half of the amount to them on the promise I would follow the second amount the following month. Unfortunately, I am again out of work and I am reluctant to send them over 5k when I am out of work. I advised that once I am working again and I know I have an income I will have no problems in settling the outstanding.

The next piece of correspondence I received was from a UK debt collector, sent to my mothers house demanding the 5k with no regards to what I had discussed with the bank.

What rights/power does a UK based debt collecting agency have over me regarding credit cards I have in Dubai? I have advised them that I am dealing with the bank direct and I do not want any dialogue with the agency but do I have any say on this? The interesting thing is, I do not even live in the UK only my parents do so does the agency have any rights in contacting them?

Your help would be greatly appreciated,

Michael

]]> By: Linh Jungers http://www.yesdebtfree.co.uk/articles/office-of-fair-trading-warns-debt-collectors-for-unfair-business-practices/comment-page-1/#comment-139 Linh Jungers Wed, 09 Dec 2009 21:42:00 +0000 http://www.yesdebtfree.co.uk/articles/?p=129#comment-139 Valuable info here and if you discover yourself a similar position there are a number of strategies you can employ to manage your credit card accounts effectively. If you are going to open up a single credit card bank account, you will potential would like to generate sure that you have a Visa or a MasterCard. These cards are accepted by a large amount retailers, whereas other cards similar to American Express or Find may not be. Valuable info here and if you discover yourself a similar position there are a number of strategies you can employ to manage your credit card accounts effectively. If you are going to open up a single credit card bank account, you will potential would like to generate sure that you have a Visa or a MasterCard. These cards are accepted by a large amount retailers, whereas other cards similar to American Express or Find may not be.

]]> By: Who are Bailiffs and what they do! http://www.yesdebtfree.co.uk/articles/office-of-fair-trading-warns-debt-collectors-for-unfair-business-practices/comment-page-1/#comment-91 Who are Bailiffs and what they do! Tue, 08 Sep 2009 12:08:15 +0000 http://www.yesdebtfree.co.uk/articles/?p=129#comment-91 [...] noticed that sometimes people confuse debt collectors with the bailiffs. I have already written on debt collectors and how to deal with them. In this post I will focus on [...] [...] noticed that sometimes people confuse debt collectors with the bailiffs. I have already written on debt collectors and how to deal with them. In this post I will focus on [...]

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