Thread: Question about Sheriff court decrees and debt selling

Hi everyone,


I am pretty sure none of my creditors have ever taken court action against me, but I am still curious about sheriff court decrees and debt selling.

My question: I have several debts which are now almost 8 years old, and know that the debts have all been sold on, probably several times. If the original bank or credit card company had taken me to court and gained a sheriff court decree against me, would that decree be able to be used by any debt-buying companies who later purchased the debt? Or does each company who purchases the debt have to obtain their own sheriff court decree, in order to legally demand the money?

Thanks,

As an aside any debt over six years old or five years in Scotland is statute barred, which means no legal action can be taken to enforce the debt. Note:

1. This assumes no CCJ has been granted in which case the situation may be slightly different.

2. The time starts from the date you last acknowledged the debt or your last payment.

Thanks Jimmy, I knew that already .

Great.

I don't understand your question so I will follow your thread to see what others say as it looks like it could be interesting.

Thanks. Well basically I'm wondering if sheriff court decrees (or CCJs in England ) once given against a debtor, can be used by anyone trying to recover that particular debt, or if they can only be used by the bank/company that originally obtained the decree in court. Does that help?

Ok, thanks for clearing that up for me!

How does a transfer of ownership work? Does the original creditor that obtained the decree do the transfer, I have never heard of that.

Hi Ida

Surely the DCA applying for the transfer of name would have to have had the debt assigned to them by the original creditor

Thanks for that Ida.