I am grateful to the Consumer Action
Group for the following:
Credit Management] cannot start any kind of proceedings if
they don't have the original credit agreement. I think you can take
heart that AIC disappeared - if they had had an agreement, they probably
would have pursued action.
MY RESPONSE: There is a habit of DCAs who are chummy
with one another to pass the debt on if they do not 'score' with a
first attempt at scaring people. What works with some people will
not work with others. In this case a 'debt' was found to be unenforceable;
once the first DCA found that the victim would not buy their nonsense
(they could not produce the correct documentation) then they sold
it onto another DCA who will try it their own way with another scare
All this is quite legal apparently, in that the law
allows this to go on.
It comes to an end eventually: "They buy
it for only a fraction of the cost of the original debt - about 10%
- so eventually it doesn't become worth selling on anymore."
What is not clear is whether this 10% continues right
down the line until the debt is worth little more than the cost of
a postage stamp, therefore not worth pursuing.
you have any information that you would like honest people to know
about Apex Credit Management then send us an email in complete confidence
and we will try to corroborate it with the clowns involved.