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Had business loan from barclays for 25000.00 due to down turn in trade in the pub industry unable to repay debt now with zink agency still trading but have no assets every thing rented off company by time bills payed not a lot left,most weeks don't get a wage just wondered if any one has any advice how to deal with DCA
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Re: business debt past on to collection agencie
How much is currently owed?
When did you last make a payment?
Did you speak to the bank to see if they could reduce your repayments?
Also, was debt secured (if so what was it secured against?) or was unsecured with you as guarantor?Please note that this advice is given informally, without liability and without prejudice. Always seek the advice of an insured qualified professional. All my legal and nonlegal knowledge comes from either here (LB),my own personal research and experience and/or as the result of necessity as an Employer and Businessman.
By using my advice in any form, you agreed to waive all rights to hold myself or any persons representing myself of any liability.
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I AM SO GOING TO GET BANNED BY CEL FOR POSTING terrible humour POSTS.
The Governess; 6th March 2012 GRRRRRR -
Re: business debt past on to collection agencie
about 26000.00 still owed spoke to bank gave me new loan to pay off old one and clear overdraft bigger loan over longer time smaller payments,but trade kept falling spoke to bank again explained still struggling with to meet payments told could only redo loan once and noting more could be dune,hit and miss with payments,payed when i could contacted by bank told in areas needed to pay more tried but couldn't keep up so stopped paying,haven't payed for about 12 months,bank closed down business accounts and informed me that debt had been past on to zink and to deal with them,they contracted me payed them once 150.00 pounds then stopped thought better do a bit of checking to see where i stand,the loan was unsecuredComment
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Re: business debt past on to collection agencie
Is it Zinc Group ? ( http://www.wewanttosayyes.co.uk/ ) that are chasing you.#staysafestayhome
Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.
Received a Court Claim? Read >>>>> First StepsComment
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Re: business debt past on to collection agencie
Is the business that owes the money a limited company?Comment
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Re: business debt past on to collection agencie
yes its the zinc group and no not LTD companyComment
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Re: business debt past on to collection agencie
Ohh but they are a limited company!Originally posted by blueboy99 View Post
Name & Registered Office:
ZINC GROUP LIMITED
UNIT 52 CYGNET COURT TIMOTHYS BRIDGE ROAD
STRATFORD ENTERPRISE PARK
STRATFORD-UPON-AVON
WARWICKSHIRE
CV37 9NW
Company No. 06771789Please note that this advice is given informally, without liability and without prejudice. Always seek the advice of an insured qualified professional. All my legal and nonlegal knowledge comes from either here (LB),my own personal research and experience and/or as the result of necessity as an Employer and Businessman.
By using my advice in any form, you agreed to waive all rights to hold myself or any persons representing myself of any liability.
If you PM me, make sure to include a link to your thread as I don't give out advice in private. All PMs that are sent in missuse (including but not limited to phishing, spam) of the PM application and/or PMs that are threatening or abusive will be reported to the Site Team and if necessary to the police and/or relevant Authority.
I AM SO GOING TO GET BANNED BY CEL FOR POSTING terrible humour POSTS.
The Governess; 6th March 2012 GRRRRRRComment
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Re: business debt past on to collection agencie
I think Clogs was asking if the BUSINESS that owes the debt is a Ltd company and the OP answered No?Comment
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Re: business debt past on to collection agencie
Ahh - Well it is too early in the morning for me lolOriginally posted by Inca View PostPlease note that this advice is given informally, without liability and without prejudice. Always seek the advice of an insured qualified professional. All my legal and nonlegal knowledge comes from either here (LB),my own personal research and experience and/or as the result of necessity as an Employer and Businessman.
By using my advice in any form, you agreed to waive all rights to hold myself or any persons representing myself of any liability.
If you PM me, make sure to include a link to your thread as I don't give out advice in private. All PMs that are sent in missuse (including but not limited to phishing, spam) of the PM application and/or PMs that are threatening or abusive will be reported to the Site Team and if necessary to the police and/or relevant Authority.
I AM SO GOING TO GET BANNED BY CEL FOR POSTING terrible humour POSTS.
The Governess; 6th March 2012 GRRRRRRComment
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Re: business debt past on to collection agencie
just to be clear up a bit am not a limited company and its me and my wife that have the debt that zinc is chasing no assets in the businesses all rented from the pub company no assets our self's,both over 50 wife at pension age next year no way in our life time will be able to clear debt.Comment
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Re: business debt passed on to collection agency
If this was a business loan what if anything was purchased with it?
Was it used as a deposit on the pub Lease/tenancy ?
The ability of the debtor to pay back the money in their lifetime don't stop these companies chasing a debt or even getting a CCJ. To clear a CCJ my wife is paying she needs to live to be 145 years old for my debts at the same rate I would be several thousand years oldComment
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Re: business debt passed on to collection agency
most of the debt was used to clear overdraft at insistence of bank as at the time banks were in the shit and canceling overdrafts,had no choice had to do to Cary on trading,money not used for lease or deposit also found out debt still with barclays contacted told to deal with zinkComment
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Re: business debt past on to collection agencie
Indeed not - not even if you sell your livers.Originally posted by blueboy99 View PostComment
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Re: business debt past on to collection agencie
Dougie McManus Chief Executive Officer The Zinc Group Limited t. 01789 273149 e. DMcManus@thezincgroup.comComment
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