Just received my first letter... | DebtConsolidationCare

rkhan3366 · 2008-07-22T12:02:05-07:00

Hi, I have just received a letter from a CA. I am uncertain as to where this debt originated but it could be from my time living in the UK as I have no debts here in the US. My first question is assuming the debt is valid, do they have any right to demand money from me given that this debt probably originated in a foreign country? My second question is how amenable are companies such as these (I think they have been assigned the debt rather than have bought it) to settlements below the original loan amount. Thanks in advance!

I'm not quite sure about the laws in UK regarding collection. Bu

I'm not quite sure about the laws in UK regarding collection. But I don't think that a debt in a foreign country can be collected by a collection agency.

In fact, according to US laws of Statute of Limitation, if a person having a debt goes abroad then the SOL stops for that period for which that person remains out of the country. It restarts after the person returns to the country.

Other members may help you.....Hang on

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lrhall41

Submitted by phoenix on Wed, 07/23/2008 - 04:20

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Is the CA a US or UK based company? Even though they may not ha

Is the CA a US or UK based company? Even though they may not have any legal leverage to make you pay, they still may be able to impact your credit reports.

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lrhall41

Submitted by NASCAR_Devil on Wed, 07/23/2008 - 04:38

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The CA is an American company based in Illinois.

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lrhall41

Submitted by rkhan3366 on Wed, 07/23/2008 - 06:26

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did the letter state the original creditor.being from illinois i can
gather a couple of CA'S,but i would need the original creditor
on the letter.

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lrhall41

Submitted by paulmergel on Wed, 07/23/2008 - 06:31

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No the original creditor is not from illinois

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lrhall41

Submitted by rkhan3366 on Wed, 07/23/2008 - 06:59

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okay,but who is the original creditor?they don't have to be in
illinois.

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lrhall41

Submitted by paulmergel on Wed, 07/23/2008 - 07:01

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I've just done some more research on this and the original credi

I've just done some more research on this and the original creditor listed is Link Financial which is a UK based company that bought the debt from a credit card company (MBNA).