Jump to content


bigshoes...bigsocks

Stat Barred date when no payment ever made?

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2458 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Hello

 

Quick question to satisfy my curiosity... If a one month payday loan was takenout but never repaid, when does the stat barred clock commence - upon taking out the loan and acknowledging the debt, or the date of failed repayment at the end of the month?

 

A beneficial answer will wipe a month of the SB clock as I had been basing my calculations on the date of no-repayment.

 

Yours

BSBS.

Share this post


Link to post
Share on other sites

Usually one month after the payment became due or from when you acknowledged the debt... whichever is the later.


Anthrax alert at debt collectors caused by box of doughnuts

 

Make sure you do not post anything which identifies you. Although we can remove certain things from the site unless it's done in a timely manner everything you post will appear in Google cache & we do not have any control over that.

 

Vir prudens non contra ventum mingit

 

[sIGPIC][/sIGPIC]

17 Port & Maritime Regiment RCT

Share this post


Link to post
Share on other sites

The SB clock starts ticking from the day you missed the due payment. So an agreement payable monthly would, as already said, start after one month. An agreement payable weekly would start after one week.


Love your enemies - it drives them crazy.

Thanks to Bobby Thompson (1911-1988) for the user name:"Let them knock, the paint lasts longer than the skin".

nec temere nec timide

 

So far, all done free for friends:

Cabot - F&F reduced debt by £7700 (70%)

NatWest - PPI claim - £1,800

NatWest - PPI claim - £6,200

NatWest - PPI claim - £3,000

Co-op Bank - PPI claim - £5,200

Halifax - PPI claim - £2,800

NatWest - debt identified as statute barred - £1,900

NatWest - debt identified as statute barred - £2,700

NatWest - loan identified as unenforceable - £13,400

Share this post


Link to post
Share on other sites

The date when the payment was due and not made if this is a 1 one month PDL.


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Share this post


Link to post
Share on other sites

What if the debt was sold to a DCA after a year of not paying it? Should the stat barred date start from the day it was due and not paid or from the date it was sold to the DCA?

Share this post


Link to post
Share on other sites

From the date the account holder failed to pay the original creditor.


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

Or put another way,6 years from the date the payment was due or the debt was formally acknowledged


Any opinion I give is from personal experience .

Share this post


Link to post
Share on other sites

Statute barred status = 6 clear years with no payment or written acknowledgment of the debt,

The six years starts from the date a payment was due and not made after which no furthe payment was ever made.

 

It matters not if a debt has been sold.


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Share this post


Link to post
Share on other sites

In s 24 below:

(A CCJ never becomes SB but under s.24 ofthe Limitations Act the right to take enforcement does if it hasn't beenimplemented within six years).

What's the use of the CCJ not being SB if implementing it can be SB? In other words, what's the creditor going to do with a CCJ if implementing it is SB?

Share this post


Link to post
Share on other sites

There is provision for the claimant to ask leave of the court to restart the cliam.


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Share this post


Link to post
Share on other sites

Bit i am told it is unlikely to be given


Any opinion I give is from personal experience .

Share this post


Link to post
Share on other sites
Bit i am told it is unlikely to be given

Entirely up to a judge when he/she reviews the appliction!


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Share this post


Link to post
Share on other sites

Of course but in normal circumstances it is unlikely to be given or so i am told by people way more versed in these things than us.


Any opinion I give is from personal experience .

Share this post


Link to post
Share on other sites
Of course but in normal circumstances it is unlikely to be given or so i am told by people way more versed in these things than us.

 

Only this week I have dealt with two case where leave to reinstate was give, not the hiding place it used to be if evidence of debt avoidance is produced!!


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Share this post


Link to post
Share on other sites

I do not doubt that if you deliberately changed addresses or names to hide then when you are found it may well be reinstated.

But that wasn't what i said.

 

Similarly I was told personally by Barclays bank that as a ccj was so very old it could not be resurrected if i stopped paying.

I was as surprised as anyone by that.

It was from 1996 and until 2 years ago i had been paying £5 a month.


Any opinion I give is from personal experience .

Share this post


Link to post
Share on other sites

I'm afraid Barclays have the usual view that every thing is impossible, so if this is the information from'' those more versed in these things than us'' no wonder that bank is in the mess it is!!!


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Share this post


Link to post
Share on other sites

No the general information i gave did not come from Barclays, if it had i would have said so. The info from Barclays was specific to one case of mine.


Any opinion I give is from personal experience .

Share this post


Link to post
Share on other sites

May we be privilaged to this fount of all knowledge?


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Share this post


Link to post
Share on other sites

No I am afraid not. But he is a senior partner in a large law practice who happens to be the partner of a good friend. This was how the information was gained.


Any opinion I give is from personal experience .

Share this post


Link to post
Share on other sites

Thank you!! It's good to have another opinion to go along with many thousands of others not all will agree as I'm sure you must know!


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Share this post


Link to post
Share on other sites

I am sorry i can not divulge names but i am assure you can understand life is complicated. Just as non of us on here really acknowledge our qualifications or experience it would open a whole can of worms if i named him.


Any opinion I give is from personal experience .

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...