Basic Account Holder
Store Card / Credit Card Debt almost Statute Barred, BUT
I had a store card with a major chain of stores in the UK, the store card was changed into a credit card some years later, I hit hard times, moved abroad, gave up on on trying to maintain payments and defaulted on the card.
The debt has been passed from DCA to DCA and I gone into head in the sand mode, and ignored all communication, I still live out of the EU.
The debt is on the verge of being statute barred, but there is a but.
As well as having the cc with the retailer I had a personal loan them which was used to buy a car, when I left the UK my ex needed a car so I allowed her to keep my car that was being paid for from the loan and and she would carry on with the payments. We kept the loan in my name.
She carried on making the payments but overpaid the last payment by £30, the company advised me that there had been an overpayment but instead of refunding it they credited it to my, now defaulted, credit card account.
I fear that this may have re-set the statute barred clock by three years.
I am reluctant to ask them as they haven't been in touch for a year or so, and neither have their DCA's, I'm inclined to let sleeping dogs lie.
Does anyone have a view?
Re: Store Card / Credit Card Debt almost Statute Barred, BUT
As you have not voluntarily made that payment then I dont think it can be used to restart the SB clock.
It was in fact an unsolicited gift from the company.
You might also want to have a read of the following article on Store to credit cards..
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