Thankyou for your response.
I don't believe I owe the 'debt'.
My understanding is. That a 'debt' can be settled for any amount the creditor is willing to accept. It's a 'note' promising to pay.
So the original creditor has accepted an amount of money from somebody else, they no longer have anything to do with it. They have settled the account to their satisfaction.
They could of offered it to me for whatever they sold it to this new company.
I have been 'notified' that the account has been passed on to this new company, they say they purchased it.
So logically, the assignment exists because of the purchase. If they can't prove the purchase of the account (which they've said they don't have that information) how can they claim the assignment is legitamate?
Further they threatened legal action on the basis that i refused to pay the debt. I haven't refused, 1) I've just asked for information that they are unwilling/unable to supply.
2) that it's not a 'debt'. They didn't lend me any money, the original creditor no longer has a claim. So they purchased a piece of paper in order to recieve more money than they paid for it. It is an asset, not a debt. It's no different from a product on the shelf in tesco.
I don't see any obligation to settle for what they claim it's worth when in actuality it's true value is significantly lower, the proof of that they are withholding, further I made no agreement with them.
Is what I'm saying making any sense... Sorry for the way I've put it.