Court claim on debt just over 5 years old

[Amethyst]

Re: Court claim on debt just over 5 years old

Be careful with the income and expenditure form if/when it arrives - it could be deemed an admission of liability for the full amount.

[Jtierney]

Re: Court claim on debt just over 5 years old

That's what I thought. Because if you are offering a settlement fee,why do they want you to fill out this form. Settlement fee is a one off payment agreed by both sides.

[Jtierney]

Re: Court claim on debt just over 5 years old

Hi have just received the expenditure form from the solicitors. It looks very much like they just want to set up a payment plan. As note with it says.
Please complete the attached income and expenditure form and return this as soon as possible in order to set up the payment plan. Then below there was a list of how you can pay monthly.
So if I am offering them a settlement fee. Why would I be getting a expenditure form with the above note..as told them my Stepmum was paying it not me.

[Jtierney]

Re: Court claim on debt just over 5 years old

Do you have to fill out the income and expenditure form. As it is kind of an invasion of privacy..

[Amethyst]

Re: Court claim on debt just over 5 years old

No you don't. They have turned down your reduced settlement offer - if you complete the IE form it is for paying the full debt by installment, which I don't think is what you wanted to do?