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Jaci
Junior Member
United Kingdom
178 Posts |
 Posted - 13 May 2008 : 18:46:52
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Hi does anyone know what to put on the BR paperwork when a loan has been sold to another company? Who`s details do you put down? Should I provide the details of the company I took the loan out with originally, quoting the amount, dates etc, or the details of the company who`s bought the loan or both?
Jaci |
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Helpful Advice
Average Member
United Kingdom
646 Posts |
Posted - 13 May 2008 : 18:51:02
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Hi Jaci,
You should put down the company who has purchased the debt, however within the section where it asks what the debt was for put in here the original lender and what the funds were used for.
Kind Regards,
Brett England
Bankruptcy Specialist
England,Jackman & Spacey
WebSite www.ejands.co.uk
View my personal story & blogs at:
http://brettengland.blogs.bankruptcyhelp.org.uk/ |
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Jaci
Junior Member
United Kingdom
178 Posts |
Posted - 13 May 2008 : 19:03:46
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Thanks for that. The original loan (£9000) was for debt consolidation. I paid 42 monthly payments before my difficulty and the debt was then sold. The ammount I owe now with interest charges is over £18,000. Can I say that a vast ammount of what I am being asked for is interest? As won`t the OR question what I spent £18000 on!
Jaci |
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Helpful Advice
Average Member
United Kingdom
646 Posts |
Posted - 13 May 2008 : 19:07:58
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Hi Jaci,
It is fine put down on the statement of affairs that the original loan was £9k and that this was to consolidate debts and that the balance is charges and interest,
Kind Regards,
Brett England
Bankruptcy Specialist
England,Jackman & Spacey
WebSite www.ejands.co.uk
View my personal story & blogs at:
http://brettengland.blogs.bankruptcyhelp.org.uk/ |
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Jaci
Junior Member
United Kingdom
178 Posts |
Posted - 13 May 2008 : 19:09:49
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Thanks for that information. Will sleep better tonight
Jaci |
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My original loan has been sold on
