How to avoid repossession Telegraph.co.uk
Build a safety netBuild a financial cushion to protect against shocks. Advisers recommend enough cash to tide you over for three to six months. Keep it in an easy-access savings account.
Look at insuranceUnemployment insurance is an option. This cover, often bundled with accident or sickness insurance, normally pays a fixed monthly income, which is set at the outset. It is typically two-thirds of your take-home pay, although you can buy policies that cover just the monthly mortgage.
There is often a delay of one, two or three months before you receive the first payment – the longer this "deferment" period, the cheaper the policy, and payments are made for the maximum of a year.
This insurance is not generally available to people who are self-employed, work on contracts, or for a company that has already announced a redundancy programme.
Don't ignore problemsTO avoid repossession, take action the moment you realise there is a problem, or could be one, advisers say. Even if you have not missed a payment it is worth contacting a lender if you think this is likely in the next few months.
I tried to pay a parking ticket issued in February and have just received a letter from a debt recovery agency
The ticket, although issued by a private parking company, was valid. I posted a cheque and accompanying letter back in February. This was returned to me on Thursday last week, at which point I realised that the Royal Mail had delivered my cheque to the wrong PO Box. On Monday, I received a letter from debt recovery company demanding payment for a substantially higher amount.
I did not keep the envelope I received the cheque in, so I cannot prove that I only received it last week. However, I can prove that the cheque was delivered to the wrong address as it is date stamped and was returned with one of the company's compliment slips. The PO box is also very similar to that of the parking company.
Can I dispute this higher charge? Do I have a leg to stand on? Any legal advice would be appreciated... UK only!
If I may reiterate, especially to Colin M, I did not receive any reminders. If I had, I would have acted upon them.
You need to ring both the dbt collection comany and also the ticket issuer comany.
Legally you have no rights, but morality may prevail.
Also if you addressed envelope correctly and royal mail osted it to wrong one then they have to pay, but without your original envelope you can't prove this so it is just going to be a case of asking them and see if they are kind.
Good luck
then you could have claimed of the royal mail insurance for the additional fees you have incurred.
they would also question why you didnt check to see if the cheque has been banked.
Companies must send you a reminder before instigating a debt recover.
Give it a go if you have proof. I would call directly them though rather than write. Also ring the debt recovery people and explain the situation as they will often defer the request back to the company in question if there is a dispute. Otherwise they may go ahead with any proceedings.
Can a UK debt recovery agency issue a court order against me in another country ie Australia?
After a long drawn out issue over a credit card debt I have while I was living in the UK, the bank has now passed it on to a debt recovery agency (I'm an Australian citizen). I've just received a letter from the agency explaining that if I dont pay the full outstanding amount (which is well under $10,000) it may result in legal proceedings being issued in the country of which I reside, which is Australia. Can a UK debt collections company actually do this...I mean summon me to court in Australia even though the debt was with a UK bank?
Please spare me any preaching about having to pay for my own debt etc, I have tried to on more than a few occasions to make payment arrangements with the bank, however due to their inconpetence they either gave me the wrong bank account details so I could use telegraphic transfer, or they lost a large payment amount I made to them (eventually they found it). I gave up trusting their advice on the bank details I needed to give my Australian bank to transfer the money after numerous phone calls from Australia to the UK and misinformation from their customer service, so I decided not to pay them.
Hi
I don't belive they can - even so the worst they can do is list you. It will only last 5 yrs - if you can hang on I would try and dodge it. F*k em! They make a lot of money - don't worry about it and just hide. The only way they can find you is via white pages and electorial roll. Just stay off those and you should not hear from them.
I have done something similar recently - the phone calls lasted about 3 months - then all of a sudden - STOP.... I will strike problems if I apply for credit - so I don't do that :)
Good luck - and from now on - just pay cash.... It's what we should have done in the first place - right?
Banks are multinational, it happens all the time.
It would be pointless in your situation but if the UK debts were huge you could fly back here and declare yourself bankrupt at the High Court, go back to Australia and forget about it.
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