I found out today that my HSBC account was closed last December because of a debt that I didn't know about, I don't use this account often and I didn't know about the debt. I moved house last August and haven't told HSBC therefore I didn't receive any of the letters. I asked if this could be resolved with the bank but because the debt has been sold the guy told me no. He gave me a number to call. But I haven't received any letters from any debt collectors (because they don't have my address). So my question is how do I go about sorting this out, I don't want to end up in court but I have no contract with any debt collectors. So what do I do? If I contact them does that mean i'm entering an agreement?
Does it mean that when they find out where I live, a new process will begin or I'll go straight to court? I don't want to go to court if I can help it. I'm not well equip with the knowledge needed.
Really need help on this one.