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Mbna-arrow global

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  • Mbna-arrow global

    Hi just received a letter telling me that MBNA have sold my debt to Arrow Global Notice of Assignment,But in February I went bankrupt and MBNA were included in it,It does state in the letter that “our records indicate that you were declared bankrupt with the court ref ####.My question is why have they bought the debt knowing it’s uncollectable or is it?Credit card unsecured.Anyone have any advise.Thanks.
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  • #2
    If the debt is included in your bankruptcy then don’t worry. You can pass on the letter to the official receiver, who will deal with it.

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    • #3
      Originally posted by Travis123 View Post
      Hi just received a letter telling me that MBNA have sold my debt to Arrow Global Notice of Assignment,But in February I went bankrupt and MBNA were included in it,It does state in the letter that “our records indicate that you were declared bankrupt with the court ref ####.My question is why have they bought the debt knowing it’s uncollectable or is it?Credit card unsecured.Anyone have any advise.Thanks.
      Because no doubt MBNA haven't told Arrow you are bankrupt.

      When debt purchasers buy debts they don't asses individual debts they are sold a book for £X and then it's about then extracting as much as they can for it. The seller has made something off your debt they knew they should have never gotten anything for, so they're happy.

      Treats these leeches right.
      COMPLETING AN N180 DIRECTIONS QUESTIONNAIRE (SMALL CLAIMS TRACK) GUIDE

      My posts here are based on my experience of a variety of life events. I have no formal legal training & if in doubt take professional legal advice or contact CAB. If you follow anything I write here you do so at your own risk & I accept no liability for any loss, costs or other outcomes.

      Private messages are disabled as help is only offered publicly. I do not come on here in the evening, at weekends or on public holidays.

      Comment


      • #4
        Originally posted by Travis123 View Post
        Hi just received a letter telling me that MBNA have sold my debt to Arrow Global Notice of Assignment,But in February I went bankrupt and MBNA were included in it,It does state in the letter that “our records indicate that you were declared bankrupt with the court ref ####.My question is why have they bought the debt knowing it’s uncollectable or is it?Credit card unsecured.Anyone have any advise.Thanks.
        Thanks for advice so far.

        Comment

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