What is usually the correct way to send a monthly token payment of £1 to a debt company who have the debt passed on to them from the bank.
One company is Robinson way.
QUESTION 1
With these options, what is the correct way?
1) Phone them, and set up the Standing order of £1 a month, telling them on the phone you are doing that.
2) Write to them, and set up the Standing order of £1 a month, telling them in the letter that you are doing that
3) Set up the £1 per month, without informing them,
if you just set up the token payment on your online banking, (using Robinsons way sort code + account number) for £1 a month, then would this suffice? (be enough?)
without any communication to them?
If option 3) is done, what is the worse case scenario they can do?
eg, Reject the offer
4) Any other way to set it up?
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and another question
QUESTION 2
if offering the £1 ongoing every month, and they accept it,
is there a high chance they will STILL keep calling/writing in the regularly in the near future, to chase up the full payment?
First -- if you just go ahead and set up a token of £1 per month (why??) without agreeing the payment and the method THEY require first you are wasting your time and they will ignore it and probably continue the usual collection / enforcement procedures regardless. The extent to which they will go will depend on the amount of debt and their ability to collect.
Second --- if you offer £1 per month and they accept it they are free at any time to change their minds and collect / enforce as they see fit.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Agree with Foggy - I wouldn't bother - are you looking into either a DMP or an IVA?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
