For the past 10 years I have had various dca's/solicitors pursuing me for a mortgage shortfall debt after a repo in 1998.

.I naively left the house after an ex partner said he would be able to afford to pay on his own.

.the house got repo'd a few years down the line and as it was his fault he agreed to sort the debt out.

.he started a payment plan and I had no contact from any dca etc..

.that was till about 10 years ago when I started to receive letters again and found out that my ex had left the country(Australia I believe) and had obviously stopped payments..now I am left saddled with the debt.

.all I have had is letters showing the original debt and debt as it stands..

I have never in the 20 years years since the repo seen a full breakdown of how the debt was calculated

..is it too late to SAR the bank in question as I read you only have 6 years to appeal the debt??

Also I would would like people's thoughts on dealing with this matter.

it's been hanging over me for so long and causing a great deal of stress.

.the last thing I want is it to end up in court and have to pay a sum each month that I can't afford.

.I did email the dca(moorcroft) about a month ago saying I wasn't in a position to pay anything due to financial circumstances and having no assets and live in rented accommodation.they have now sent a I and e form to send back which I haven't done..

.any advice on what to do next will be greatly appreciated.

No it's not too late to send an SAR and you send it to the original creditor. In principle mortgage debts do not expire until 12 years after the last Miss payment. In practice the debts not recoverable after six years. Have you any idea when the last payment was made?

It may have been a mistake to write to them. Did you acknowledge or admit the debt in any way?

The last payment would have been about 10 years ago when he left the country

.i have made no payments and the only contact I've made is to email them about a month ago explaining my financial circumstances.

DON'T email them from now on.

Whatever they wish to convey can be committed in writing.

WHO is this DCA?

Keep EVERYTHING in writing, no phone calls or email.

Moorcroft..can they still pursue me for this debt as it's been 10 years since last payment was made

Why has the debt just being passed from one dca/solicitors to another

I've had threats of court proceedings but they never materialise.

Ha ha ha ha, Moorcr@p, the bottom of the barrel!!!!

What did their last empty threat letter claim?

You can seriously ignore these fools, the reason why it gets passed from pillar to post is simply because it's all a big money making scheme..These DCA's sell portfolio's of debts for millions to each other, where they pay as little as 6p in the pound for individual debts, they then chase those debtors for the full balance owing, even offering a discount to appear more reasonable, when in actual fact the debtor will be paying three or four times the true value of the account.

Moorcr@p, brilliant!! Ignore them until they send you anything in writing, and even then I doubt they'd have much to say.

I don't think they own the debt as they state in the letters they are acting on behalf of the halifax.

they have only recently in the past few months taken the case on

so as of yet I have only been asked to get in touch to make a payment plan or discounted f and f payment which is a no no because I have no savings so no threats yet

so you think i should do nothing at the mo

I'm very worried that it will end in court.

Halifax have sent a whole portfolio of these old shortfall debts to Moorcroft to chase

you are safe to ignore the powerless DCA..

dx

retitled and moved to Halifax forum

https://cse.google.co.uk/cse?cx=partner-pub-8889411648654839:6449422593&ie=UTF-8&q=moorcroft+halifax+shortfall&sa=Search+CAG

Thanks for that dx but if I do continue to ignore dca's isn't it inevitable that halifax just take the matter to court to get payment? It has been 10 years since last payment though.

no

its just Halifax trying to make some money.

I would assume that they are not aware of your correct address?

and Moorcroft are just sending phishing letters for mugs to fleece as they get a cut

original creditors do not do court

they'll see the debt on.

is It therefore inevitable that they sell the debt on??

And if the debt is sold on would I still be negotiate token payments or even a f and f settlement if I could raise the cash?

why?

dx

Sorry...why what??

why are you ever thinking you need to pay anything??

because they will want money..and so will the company they sell it to wouldn't They? But then again I do wonder why they haven't already done so in the 10 years?? Are you saying it could just stop if I carry on ignoring?

it already has

this is simply what dca's do when they are employed to do so

did you read those other threads?

dx

Not as yet but will tomorrow as due to start work..

Will get back to you after I've read up on the threads if I have any more queries if you don't mind but thanks for you input so far.

Hi again

..had a look at those threads and realised I had already seen them on previous visits to forum

(I have spent whole days scouring forums for suitable advice!).

.the advice you(and others) give is always very good but the one thing that's always seems to be sadly lacking in the threads is final outcome

.the only things I have surmised from reading the threads and your advice so far is that

1.dca can't do Jack!

2.original creditors will sell debt not take me to court.

For now I think it's quite safe to assume that I can ignore moorcroft till they go away.

i also think(if your advice is correct) that sometime in the near future they will sell the debt as it's been 10 years since last payment so is nearly at the end 12 years statue barred period..

what id like you to advise me on now if I've got anything to worry about IF the debt is indeed sold on?

How should I deal with them??

I would also like to ask at this point if it's any use sending halifax a SAR..

my thinking is that there's might be a chance that after 20 years after the actual repo they may not have the correct documentation to make the debt enforceable.

. your thought and advice will be very much appreciated.

Good work

Have you moved and halifax dont know your current address?

I have moved several times since..easy traceable though being on the electoral roll.

I would sar them then

Lets them know where you are

And gets the info if if if they do anything

Sorry but I don't quite understand your last post.

.do you mean NOT to SAR them as by doing that it will letting them know where I live??

You should never run from debt!

Sar them .... 2 birds with one stone

Gets info

Updates address