Hi, I hope someone can help with my query,
I am trying to find information on behalf of my dad who wouldn't know how to use a computer and is not sure what to do about a debt that goes back to about 1990. Basically he had a small business partnership with another tradesman a long time ago that ended in a bit of financial trouble as he wasn't paid by certain clients and his partner struggled with alcoholism. It ended where he couldn't afford to pay the bank back as the small business went into liquidation. A few years earlier he had got a mortgage so a legal charge was placed on the house. Lately though the bank must have passed this debt onto an agency who are now demanding it to be repaid in full (It is around 10000).
He doesn't remember what kind of agreement the original loan was and how it was secured on the house. He is on a low income and doesn't know what to do about the situation. I was thinking of sending a letter to the agency asking for the original cca but don't know if this is appropriate or what it may acheive. His bank have also consistently overcharged him over the years for using an overdraft and doesn't like dealing with them. Any advice would be greatly appreciated as it would help ease some of the worry.
Thank You
I am trying to find information on behalf of my dad who wouldn't know how to use a computer and is not sure what to do about a debt that goes back to about 1990. Basically he had a small business partnership with another tradesman a long time ago that ended in a bit of financial trouble as he wasn't paid by certain clients and his partner struggled with alcoholism. It ended where he couldn't afford to pay the bank back as the small business went into liquidation. A few years earlier he had got a mortgage so a legal charge was placed on the house. Lately though the bank must have passed this debt onto an agency who are now demanding it to be repaid in full (It is around 10000).
He doesn't remember what kind of agreement the original loan was and how it was secured on the house. He is on a low income and doesn't know what to do about the situation. I was thinking of sending a letter to the agency asking for the original cca but don't know if this is appropriate or what it may acheive. His bank have also consistently overcharged him over the years for using an overdraft and doesn't like dealing with them. Any advice would be greatly appreciated as it would help ease some of the worry.
Thank You
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