Old Debt - Where do I start?

[maggiemay1979]

My husband had a debt with Abbey National years ago in 2002, for £8k.

 

He was doing OK paying it off,

but then had a few years of intermittent work and it defaulted.

 

It was sold to Moorcroft and he made repayments each month for years.

 

When he was made redundant in 2008,

he followed the advice of the Debt Advice Agency (charity) who advised him to ask for the original agreement and statement

and as they were unable to,

 

did not make any more payments (stupidly, we were a bit naive to follow their advice).

 

We want to put this to bed, now that we are in a situation to pay (something considerable to settle it).

 

We have not heard from any DCA since Moorcroft returned the account to their client in 2008.

 

I suspect he paid a fair amount in hefty charges, interest and PPI

(it was included in the loan but we cancelled it as soon as we realised that it was a crock).

 

The debt is still showing as £4,770 on the last Moorcroft statement, which astounds me considering how many years he was paying this off.

 

There is no mention of this on the CRA reports anymore,

and don't really want to stir the hornets up,

as we would like to buy a house shortly.

 

We were going to start with a SAR to Santander,

does this sound right?

 

Then contact them to see where the debt is - surely sold on by now?

 

I would really appreciate any help!

[maroondevo52]

Hi,

 

Was the last payment in 2008 ?

[dx100uk]

are you mad....

 

the debt is now well SB'd I bet

 

I bet none of those payments ever went off the actual sebt anyhow.

 

it went straight into moorcraps profit pocket.

 

 

if its not on your CRa file

then its been defaulted more than 6yrs

and has been removed.

 

I doubt you owe anything

Iand I doubt you ever did.

 

if satans bank and wanted the money

Ithey would have had you inform of a judge when you defauted

 

leave it be.

 

unless you want to chance your arm at PPI reclaiming.

 

I doubt you'll get PENALTY charges outside of 6yrs anyhow.

 

dx

[dx100uk]

10/10 to the Debt Advice Agency (charity)

 

dx

[maggiemay1979]

10/10 to the Debt Advice Agency (charity)

 

dx

 

Thanks for your reply.

 

The whole reason why we wanted to settle this was as we want to try and get a mortgage - we presume (first time buyer) that they'll ask about past debts and it will go against us as it's unpaid (officially). Mortgage advisors we have contacted so far won't touch us because of it when we disclose it. (Unless someone can enlighten me differently? Hopefully?)

 

Last payment made was in 2008 to Moorcroft so shouldn't be SB yet.

 

I wish I found this website years ago - yes, we nicely filled Moorcroft coffers for years.

[renegadeimp]

If its not on your credit file, theres no need to disclose it.

[dx100uk]

no one will know anything about it.

 

there is NO RECORD of it ever existing.

 

prob never was owed

 

but there you go

 

that's what DCA's do...FLEECE people.

 

dx

[valignya]

Maggiemay, moorcr@p are a shower of t0ssers from what I've heard on here. They sent me a letter demanding an immediate payment of £4500 as they said my HBOS credit card debt is now to be collected by them.What a laugh as I'm still on JSA and own no property or assets. I wrote to HBOS and told them I'll continue to pay them £5 per month (which I've been doing these last few months) and I also told them I'm not recognising Moorcroft in any way as I owe HBOS the money and not Moorcroft. Things have gone completely quiet for the last 2 weeks from them both but before I wrote my latest letter to HBOS, moorcroft were phoning all the time - I never entertained them even once.

 

I'm sure you'll get things cleared up fine and I'm sure from what others are saying that you'll be ok regarding this debt.

[brokebutnotbeatn]

Put simply, if it isn't on your credit files then there is no means of anyone finding out about it. It would be SB'd in a year or so anyway. Why on earth you have declared it to anyone is beyond me. If you settle it now it will go on your file and then you're scuppered for a further 6 years!

[renegadeimp]

Put simply, if it isn't on your credit files then there is no means of anyone finding out about it. It would be SB'd in a year or so anyway. Why on earth you have declared it to anyone is beyond me. If you settle it now it will go on your file and then you're scuppered for a further 6 years!