Response to Income & Expenditure Forms

By filling one in it is deemed acknowledgement of the debt as claimed by the Lender - the full amount, plus accruing interest and all charges. The I&E forms also ask for details of any assets, but more sneakily, bank details, credit card details etc, so that they can get their shortfall bumped to priority status. People naively fill them in, giving all their debts and outgoings in the mistaken belief that they cannot be chased for what they don't have. Not now maybe...but later on, oh yes. It also gives them a back-door avenue to details of people you live with and family addresses, which at some time or another you will have given to a credit application. In store credit cards are a real culprit with this one - they always ask for a "contact" name and address who doesn't live with you. Skip tracers can get full details of associated cardholders once you admit to another debt. My Dad, for example, guaranteed a loan when I was at University. My Lender started to harrass him at his address for my details, nearly 15 years later. It took me a while to follow their tricks, but this is what they did to me (and admitted it, including how they connected me and my Dad). Everyone creates a credit profile with their purchasing patterns and history, and a good debt collector will use that to find you and what you can really get your hands on,income wise. Thankfully, most of them who read this site would have problems finding their own shadows.

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