can anyone use a debt collection agency?
Discussion
To cut a long story short,about 2 years ago I lent a friend(at the time) just over £3100,he was out of work with bills/mortgage etc to pay.
The agreement (nothing in writing)was for him to repay the money once he'd settled into his new job in Singapore,6 months tops.
I have recieved £120 from him since he's been back at work.
Every time I ask him when he's going to pay the money back,I get told numerous excuses,ie he's getting payed in cash (even though he works for a major oil company) or someone's cleaned his bank account out.
I also find out he owes several more friends money that he borrowed from and has not paid yet.
The blokes a professional blagger,he left me his m3 to sell for him when he left for Singapore telling me he paid cash (20k) for it,wasn't untill I got a buyer that I found out it was all financed and worth less than the settlement figure!
He does still own a house in the UK that he rents out whilst away.
What I'm asking really if anyone has used one of these debt collection companys with any success or is there a better way of trying to get him to pay up?
The agreement (nothing in writing)was for him to repay the money once he'd settled into his new job in Singapore,6 months tops.
I have recieved £120 from him since he's been back at work.
Every time I ask him when he's going to pay the money back,I get told numerous excuses,ie he's getting payed in cash (even though he works for a major oil company) or someone's cleaned his bank account out.
I also find out he owes several more friends money that he borrowed from and has not paid yet.
The blokes a professional blagger,he left me his m3 to sell for him when he left for Singapore telling me he paid cash (20k) for it,wasn't untill I got a buyer that I found out it was all financed and worth less than the settlement figure!
He does still own a house in the UK that he rents out whilst away.
What I'm asking really if anyone has used one of these debt collection companys with any success or is there a better way of trying to get him to pay up?
Have got some texts from him acknowledging what he owes me and previous dates when he said he would make a payment but didn't.
He's not disputing what he owes but seems reluctant to make any effort to make any payment.
I have a trail for half of it as it was made via online banking but the rest was in cash.
I didn't know if I could use the small claims route as he is living abroad?
He's not disputing what he owes but seems reluctant to make any effort to make any payment.
I have a trail for half of it as it was made via online banking but the rest was in cash.
I didn't know if I could use the small claims route as he is living abroad?
Debt collection companies work in 2 ways
1) they try to pressure people into paying before court. As this guy is not in the UK I doubt they will have much luck.
2) they can take debtor to court and then try to make them pay.
I believe nayone can use a debt collection company but you might have a hard time getting one to take on a single, personal account which is not even in a written contract.
If he is not in the UK but has proeprty then prob best to take him to small claims and get a judgement, you can then try to put a chargeon the proeprty which means he must pay you back if he sells it (I think) - you may also be able to apply to force the sale - but this might cost money.
1) they try to pressure people into paying before court. As this guy is not in the UK I doubt they will have much luck.
2) they can take debtor to court and then try to make them pay.
I believe nayone can use a debt collection company but you might have a hard time getting one to take on a single, personal account which is not even in a written contract.
If he is not in the UK but has proeprty then prob best to take him to small claims and get a judgement, you can then try to put a chargeon the proeprty which means he must pay you back if he sells it (I think) - you may also be able to apply to force the sale - but this might cost money.
crispian22 said:
To cut a long story short,about 2 years ago I lent a friend(at the time) just over £3100,he was out of work with bills/mortgage etc to pay.
The agreement (nothing in writing)was for him to repay the money once he'd settled into his new job in Singapore,6 months tops.
I have recieved £120 from him since he's been back at work.
Every time I ask him when he's going to pay the money back,I get told numerous excuses,ie he's getting payed in cash (even though he works for a major oil company) or someone's cleaned his bank account out.
I also find out he owes several more friends money that he borrowed from and has not paid yet.
The blokes a professional blagger,he left me his m3 to sell for him when he left for Singapore telling me he paid cash (20k) for it,wasn't untill I got a buyer that I found out it was all financed and worth less than the settlement figure!
He does still own a house in the UK that he rents out whilst away.
What I'm asking really if anyone has used one of these debt collection companys with any success or is there a better way of trying to get him to pay up?
To use a debt collection agency they are going to need something legal to enforce e.g something issued by the courts such as a County Court Judgment. To get that your going to need to go to court.....The agreement (nothing in writing)was for him to repay the money once he'd settled into his new job in Singapore,6 months tops.
I have recieved £120 from him since he's been back at work.
Every time I ask him when he's going to pay the money back,I get told numerous excuses,ie he's getting payed in cash (even though he works for a major oil company) or someone's cleaned his bank account out.
I also find out he owes several more friends money that he borrowed from and has not paid yet.
The blokes a professional blagger,he left me his m3 to sell for him when he left for Singapore telling me he paid cash (20k) for it,wasn't untill I got a buyer that I found out it was all financed and worth less than the settlement figure!
He does still own a house in the UK that he rents out whilst away.
What I'm asking really if anyone has used one of these debt collection companys with any success or is there a better way of trying to get him to pay up?
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