Barclaycard closed account

[Alacoque]

Thank you Echat11. It sort of helps. My concern is keeping my husband out of it. I don't pay rent or a mortgage or a lot of other bills. And will all these blank spaces on the form give the DNA the idea they can come after him? It's my corporate debt not his but DCAs seem to have their own code of behaviour.

[echat11]

Thank you Echat11. It sort of helps. My concern is keeping my husband out of it. I don't pay rent or a mortgage or a lot of other bills. And will all these blank spaces on the form give the DNA the idea they can come after him? It's my corporate debt not his but DCAs seem to have their own code of behaviour.

I'd be tempted to give them all the details, but give yourself some 'head room', so you aren't committing yourself to more then you can afford. Think 'Cost of Living' i.e. energy, food etc. The way the world is at the moment, everything could shoot up if things go the wrong way.

As for 'give the DNA the idea they can come after him?', I think you mean DCA.

If they try to go after him, you can simply correct them on the fact that the debt is solely yours.

[Alacoque]

Yes, I did mean DCA - autocorrect prefers DNA!

Thanks for your advice, will let you know what happens.....

[Alacoque]

The DCA responded (below) to my (v low) settlement offer and I&E. My replies to their questions in CAPS. The debt is in my name. I intend to resign soon, should I mention that in my response to them?

can see that you have no money left over and are overspending by —— per
month; how are you covering this and where will the money come from to make
payment to the account? We can accept a lower offer if this will be more manageable
for you, and we're happy to set up a payment arrangement based on your current
c i r c u m s t a n c e s . IF THERE'S NO MONEY LEFT AT THE END OF THE MONTH, WHERE WOULD I GET IT FOR A PAYMENT ARRANGEMENT?
• Are you expecting any c h a n g e s to happen within the next 3-6 months? NO
• What's the total amount you can you use for settlements? I'VE ALREADY GIVEN THEM THE FIGURE
• How long have you got to use this money? (Is it only available for a short time?) IT’S A LOAN SO A SHORT TIME
Please also tell us more about the business:
• What does the business do?
• Is the business still trading? If so, how is it doing at the moment? BADLY
• If the business is not trading anymore, when did it close and what caused it to stop
trading?
• Does the business have any savings, stock, equipment, machinery, vehicles, or any
o t h e r a s s e t s ? NO
• Does anyone owe your business any money? If so, are you looking to pursue this? NO
• Are there any other outstanding creditors associated with the business? If so, please
provide details including the balances owed. NO

We would like to make you aware that as this is a business debt, it would be the business
itself that is responsible for this balance being owed. What this means is that you will not be
personally liable for this debt, and we would not expect you to make any payments from your
personal finances.

[echat11]

The DCA responded (below) to my (v low) settlement offer and I&E. My replies to their questions in CAPS. The debt is in my name. I intend to resign soon, should I mention that in my response to them?

can see that you have no money left over and are overspending by —— per
month; how are you covering this and where will the money come from to make
payment to the account? We can accept a lower offer if this will be more manageable
for you, and we're happy to set up a payment arrangement based on your current
c i r c u m s t a n c e s . IF THERE'S NO MONEY LEFT AT THE END OF THE MONTH, WHERE WOULD I GET IT FOR A PAYMENT ARRANGEMENT?
• Are you expecting any c h a n g e s to happen within the next 3-6 months? NO
• What's the total amount you can you use for settlements? I'VE ALREADY GIVEN THEM THE FIGURE
• How long have you got to use this money? (Is it only available for a short time?) IT’S A LOAN SO A SHORT TIME
Please also tell us more about the business:
• What does the business do?
• Is the business still trading? If so, how is it doing at the moment? BADLY
• If the business is not trading anymore, when did it close and what caused it to stop
trading?
• Does the business have any savings, stock, equipment, machinery, vehicles, or any
o t h e r a s s e t s ? NO
• Does anyone owe your business any money? If so, are you looking to pursue this? NO
• Are there any other outstanding creditors associated with the business? If so, please
provide details including the balances owed. NO

We would like to make you aware that as this is a business debt, it would be the business
itself that is responsible for this balance being owed. What this means is that you will not be
personally liable for this debt, and we would not expect you to make any payments from your
personal finances.

We would like to make you aware that as this is a business debt, it would be the business
itself that is responsible for this balance being owed. What this means is that you will not be
personally liable for this debt, and we would not expect you to make any payments from your
personal finances.

So they want payment from company bank accounts, company assets etc, not from you.

[Alacoque]

Yes, the business is liable.

Why do they keep enquiring about my personal circumstances?

As I’ll be resigning soon, guessing this leaves the company with the debt (there is far from enough in the account to cover it)?

I'm in uncharted territory here, Would really appreciate any advice on how to respond.

Huge thanks in advance.

[Alacoque]

Am confused, would love some clarity on how best to respond to the DCA, if anyone has any advice....thank you

[echat11]

Am confused, would love some clarity on how best to respond to the DCA, if anyone has any advice....thank you

Them enquiring about your personal circumstances, maybe to 'illicit' your financial situation. Make sure you haven't 'squirreled away' company assets, cash etc.

I would thank them for the their email / letter. Thank them for confirming you have no personal liability for the debt.

Answer the questions that relate to the company accounts / assets. If you are going to resign, does that have any relevance as such to whether the company can pay it's debts? Are you owed salary, bonus, holiday pay etc?

[Alacoque]

ECHAT11, thanks so much for the guidance. There's v little in the account. As I resign as the sole signatory, my partner will be taking over the business and become a (sole) signatory. The company is still 'trading', though nothing coming in or out. Again, many thanks for your help.