No, a debt collector cannot simply take money from your bank account without permission in the UK. They must first obtain a County Court Judgment and then apply for a specific court order before any funds can be legally frozen or withdrawn. This distinction matters for every business owner and finance director managing overdue accounts. […]
Read More...Yes, you can dispute a debt even after it has been sold to a collection agency. The sale of a debt does not remove your legal rights as a debtor, nor does it erase the original creditor’s obligation to have maintained accurate records throughout the process. This matters because debt sales are increasingly common in […]
Read More...In the UK, most unsecured debts become unenforceable after six years under the Limitation Act 1980, meaning creditors lose the legal right to pursue court action once this period expires. However, the limitation clock can restart if you make a payment, acknowledge the debt in writing, or if the creditor obtains a County Court Judgment […]
Read More...In most cases, once a debt has been formally assigned or sold to a collection agency, paying the agency directly is the correct and most efficient route. The original creditor may no longer have authority to accept payment or update the account. For business owners and finance directors managing overdue invoices, understanding this distinction matters. […]
Read More...If a business debt reaches collections and is never paid, the consequences escalate from persistent recovery contact and damaged credit ratings to County Court Judgments, enforcement action, and even winding-up petitions that can force a company into insolvency. For business owners and finance directors in London managing overdue invoices, understanding this escalation path is essential. […]
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