Who can help me about debt collection agency?
I've been searching the net trying to find what the implications are
of being referred to a debt collection agency, but haven't been able
to find anything through google, and am hoping I'll get some answers
here.
Over the Christmas period I received a letter from a collection agency
saying I had been referred to them by Natwest. I have a student account
with them with a maxed out overdraft. I haven't received any letters
or calls from Natwest, so I didn't know I had any current problem
with my account. I have had two problems with them over the past year
though. I had written rent cheques from this bank, but had problems
with my student loan being delayed, rather than bounce the cheques they
actually issued them (this is with my account at minus £1500) and
demanded the money from me. Having no student loan, paying back £1400
and £1200 respectively was a bit difficult. In past experience if
money isn't there, they bounce the cheque and charge a fine (which
I'd have happily paid). I did manage to get the money to pay back in
on these occasions, but they issued me with 30 day warnings on both
occasions.
If I have to pay off my overdraft through a collection agency, what
are the long term implications? Will this always be recorded on my
credit file? Will it make it more difficult for me to get a mortgage
etc when I need to in the future?
Also, would it be worth making a complaint against Natwest, and if so,
who should I complain to?
-
Being referred to a DCA will have no effect on your credit rating,
unless they take you to court and are awarded judgement, then you will
have a CCJ. Going over your agreed overdraft may have caused Natwest to
record this information on your cr