the debt was originally due to hsbc. i used to own a company and wanted some short term borrowing and thought about an overdraft. they suggested an overdraft and company credit card they gave me a pile of paper s to sign and pressured me into signing them they never explained what i was signing and when i said they wanted to take the papers away to get the forms explained to me they became funny.i naively signed all the papers some of which turned out to be a personal guarantee. i never knew i was signing a personal guarantee and if it was explained to me would never have done so. the company went into liquidation with about 8k on the overdraft and 5k on the credit card. hsbc came after me and i explained that i did not understand why as i had not guaranteed anything. the debt was eventually sold to a third party, debt collectors employed and eventually county court proceedings issued. in the papers from hsbc there was an aide memoire to the bank employee saying for example that if the person asked any questions they were not to proceed with the signing of the forms my contention is taht the bank clearly did not follow their own internal procedures and rules and therefore the "guarantee" is not binding on me as by their own rules i should not have signed the forms.
no judgement has been granted as the matter has not even had a hearing it is in the procedure of been transferred from northampton county court to my local county court. they are claiming just over 13k
the company is essentially a debt purchasing company hoping to make a quick buck
what about getting the default removed from my credit file?