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Hello, this is Jim and I am a dual-qualified lawyer (UK and Republic of Ireland) and happy to help you today.
In terms of enforceability, the debt may have sold to Shire who then used a law firm to issue the claim. Mediation can be useful in that it avoids court action (or stops it from escalating). What is their stance and why are they suggesting mediation? Are they making offers to settle?
Yes, it's likely they have. Do you admit to owing anything? I note your question was initially about enforceability of the loan
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Thanks, if they get a county court judgment (CCJ) against you then you can ask the court to pay by installments (form N245 is submitted if you lose the claim). You could defend the claim which would mean the case takes longer to settle and therefore giving you more time.
Yes, they need to be regulated by the FCA (you can check here https://register.fca.org.uk).
Assuming they are regulated then they need a contract between the card terminal business and the Shire to allow Shire to pursue the debt - they are likely to provide a copy of this in due course if you ask for it.
Do you need anyone to go with you mediation or are you OK going yourself?
OK, it will be easy enough to do it yourself in that case. Do you want to come back here after the mediation session?. I can answer further questions on the court procedure and what to expect, etc. Also tactics having worked in both claimant and defence.
Yes, I am happy to help. In the meantime if you can please give a positive rating by clicking 5 stars (at the top of your screen), I can answer any follow up questions at no extra charge and I will be credited for helping you today. The question will remain open.