Hello. This is my first post so please be patient.
I currently have two debts with Cabot Financial, one for a Morgan Stanley credit card and one for a Halifax credit card. Both debts are registered at a previous address of mine. At the beginning Cabot were pestering my parents/grandmother (different address from myself) with repeated phone calls. The debts are both in my name even though I accumulated them jointly with my ex-wife. We have since signed a legal form saying there were no outstanding debts (after the divorce completed) and that any debts after this were our own responsibility.
Original balance £2199.71. Paid to date £286.14 (through CCCS)
Last payment (I can tell) 26/09/2001 then 12/07/07 (£1 token payment)
Purchased by Cabot 27th May 2004, balance £2199.71
1st contact (from Cabot) 23/05/07 (written)
1st contact (from me) 10/07/07 offering £1
I applied for a copy of the credit agreement and statement of account on 26th Nov 2007 (to both Cabot and Morgan Stanley). Receive no reply from the Morgan Stanley). After Cabot stated they were not the original lender and so they had no obligation to comply I eventually received a copy of the credit application (one sheet with my signature on it) and statements (Sep 2000-Sep 2001). These state that the last payment was 26/09/2001. I am currently paying this debt through the CCCS.
Was offered (after asking for) a full and final payment in November 2007 of £1900 then £1650 but could not afford either amount.
Original balance £2192.04. With interest £3356.64. Paid to date £74.82 (through CCCS)
Last payment (I can tell) 02/05/2002 then 25/05/2008
Purchased by Cabot 30/10/2003, balance £2192.04
1st contact (from Cabot) 07/01/2008 (written)
1st contact (from me) 26/11/2007 (not acknowledge debt). First acknowledgement of debt on 25/05/2008
I applied for a copy of the credit agreement and statement of account on 26th Nov 2007 (to both Cabot and Halifax). Receive no reply from the Halifax. I eventually received a copy of the credit application (one sheet with my signature on it) and statements (Nov 2001 – May 2002). These state that the last payment was 02/05/2002. I am currently paying this debt through the CCCS.
Cabot have since removed interest (£1164.60) on the condition that I keep up my repayments.
Is there any possibility either account could be statute barred?
Full and final on both accounts
In the past few weeks I have tried to obtain a full and final offer for both accounts (combined). I offered Cabot (£1432) however this was turned down. Later I offered £2037 to be turned down again. They are stating they need a figure of £2900. Combined debt now is £4048.79. This is £1148.79 less.
If there is a possibility that one of these debts could be statute barred then I am prepared to try this however if I do try this I am worried that they may withdraw all offers altogether.
Please could you give me some advice as to what is my best choice of action.
Many thanks – stevejv