Hi There

I have recently recieved a letter from PRA group regarding an old payday loan i took out with lending stream back in March 2010,

which it says is the date of loan agreement on the letter.

Am i right in saying this debt is now statute barred?

Do i contact PRA group at all or do i just ignore the letter?

Thanks in advance

Possibly - It all depends if no payment has been made etc on this debt within the last 6 years (5 if Scotland)

What do you know of this. We need more info to go with this one.

No payment has ever been made on the account.

I have looked over old emails and last correspondance with lending stream was in january 2012 asking for repayment and myself saying i couldnt afford to re pay the balance.

The letter from PRA group says there is balance of roughly over 1000 pounds and there is another letter attached saying they would accept 300 pound as full payment which is strange.

Thanks

These are HCSTC loans... How much was the loan? How much are they asking for now?

Loan was for 415 quid and the balance is now 1050. Im guessing the 600 quid added on is the amount of charges involded.

Been looking at my credit file and trying to clean it up as buried my head for years over old debts.

I had a loan from lending stream early 2010 and they are claiming i owe over £1000 just noticed its still on my credit file coming up as PRA group.

Also had a letter from PRA group few months back offering massive discount on the above which i have ignored.

i have had no correspondance with either lending stream or PRA ever over this loan as buried my head

I was wondering with it being well over 6 years should this still be on my credit file?

I thought that it was 6 years from the default notice which is no more than 3-6 months after the loan agreement which i have a copy of.

If i am thinking right how do i go about getting this removed from my credit file?

I have my dates wrong it wasnt early 2010 in was late 2010 but still over the 6 years.

On my clearscore account it says PRA account opened 5th sept 2010 and also says last updated 5th jan 2016

What is the defaulted on your CRA?

have you moved since taking this out?

What do you mean what is the defaulted?...its says PRA group and the amount of over 1000 pounds..it says account opened 5th sept 2010 and last updated 5th jan 2016.

No i havent moved and

funny enough i received another letter from them today when i got back from work.

Thanks

defaulted date

old and new threads merged

please keep to one thread per debt.

if you've paid nowt in over 6yrs its statute barred

but it wont fall off your file till the defaults 6th birthday

Looking through my emails i have received no notice of default from lending stream or through the post.

I have read somewhere that the notice of default can only be 3-6 months from the loan agreement is this correct?

If so it should be off my credit file..and how do i go about removing this from my credit file?

that used to be the case

but the ICO changed their guideline in 2013/4

why do you need it off your file?

So how do i find out when the default date is? Is it when pra group last updated on my credit file jan 2016?

I am trying to clean up my credit file so in a few years time i can get a mortgage.

On your CRA under the account itt will clearly say "DEFAULT DATE"

I am using clearscore to check my credit file and it doesnt give me a default date..i have listed above the dates and information it gives me

Check Noddle and MSE / Experian

Thank you fkofilee

It says 17/11/2012 default date...this is 2 years after i took the loan out??

really? and you never paid anything?

dx

Yes i have never paid anything

then i'd be complaining about that to lending stream

Should i ask lending stream to send me the date of the notice of default as surely its the oringinal creditor who issues this? And would they not just point me in the direction of PRA and say the debt is sold?

One thing i am confused and worried about is if i contact a creditor and acknowledge a debt does this reset the SB date? Or is it as you have mentioned only if i make a payment?

cant reset anything.

OC placed the default

OC should rectify their error

give them 14 days to correct the default date which should have been registered 3-6mts of last or failed payment

those were the rules issued by the information commissioner office that were inforce at the time.

should they fail to correct the defaulted date

you will without further notice start a complaint to the ICO

and will be seeking financial compensation

Thank you dx