08 May 2016

A question about : Debt belonging to previous owner

We bought our house last septmeber. But in the last week we have received a letter for the newphew of the previous owers. It was from a pawnbrokers letting them know they have 4 weeks to settle there interest payment on a loan or the items they pawned in will be sold on. Should i be worried about anything. Debt collectors/bailiffs coming to the door. Is there anything i should do. It is two accounts both totaling Ј504 and the odds. I know we shouldnt be opening the letters, but we have no forwarding address and it said final notice in red on the envelope, which is quite concerning.

Thanks for any info.

Best answers:

  • If its from a pawnbrokers then clearly they have offered items as security (usually jewellery) and so if they dont repay the loan, they dont get their items back - simple. I think you've answered your own question there - nothing to worry about.
  • Hi donnacraif1984, thank you for your query regarding debt belonging to previous owner
    Any correspondance addressed to a previous owner/tenant should be returned to sender if you do not have a forwarding address. Regarding your query as to whether a bailiff or debt collecot can attend your home, a pawnbroker agreement only allows the goods under the agreement to be retained by the lender and sold not for other enforcement action to be taken.
    Hope this is of assistance
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