Jump to content


Advice on statute barring please.


sentrius
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3971 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

I got into debt some years ago and managed to sort out most of my debts bar one.

 

Recently I have been contacted by a debt recovery agency who are trying to recover the debt.

 

I have had no contact nor made any payments on the debt since April 2007

 

so presumed the debt to be statute barred.

 

However, I then went onto one of the credit reference sites to check my credit records

only to find that the default date listed for the debt was in fact June 2008.

 

How can this be possible and is the time of the debt measured by my last contact or by the default date on my records.

 

Any information to clarify this would be gratefully appreciated.

Link to post
Share on other sites

there is no direct link

between Default date and SB date

 

typically a debt should be defaulted within

6mts of last payment.

 

the debt will remain on your cra file

till the defaults 6th birthday

 

name names please.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

Sb is 6 years from the date of last payment or written acknowledgement of the debt in your case

Cra file has no bearing on the date as the entry can be made 6+ months after.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Link to post
Share on other sites

I got into debt some years ago and managed to sort out most of my debts bar one.

 

Recently I have been contacted by a debt recovery agency who are trying to recover the debt.

 

I have had no contact nor made any payments on the debt since April 2007

 

so presumed the debt to be statute barred.

 

However, I then went onto one of the credit reference sites to check my credit records

only to find that the default date listed for the debt was in fact June 2008.

 

How can this be possible and is the time of the debt measured by my last contact or by the default date on my records.

 

Any information to clarify this would be gratefully appreciated.

 

The default date and the date a debt becomes statute barred ARE NOT interchangeable.

 

A default may remain on file after the debt becomes statute barred, i.e. until as dx said the 6th anniversary of the default.

 

Stat barred = 6 clear years with no payment or unequivocal written acknowledgment of the debt:= the date a payment was due and not made after which no further payment was ever made.

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:

Link to post
Share on other sites

Thanks for the rapid replies. So what you are saying is that the debt is statute barred regardless of the default date on the credit reference agency?

As far as naming names DX, the debt is due to Cabot Financial and the debt collection agency who have recently contacted me are CCS collect.

They sent me a letter a couple of weeks ago asking me to get in touch concerning a business matter if I was the person named in the letter. I ignored this, then today got a letter saying they were representing Cabot and would accept half of the due debt as settlement.

Should I just continue to ignore them?

Link to post
Share on other sites

They will have no idea the debt is/could be stat barred.

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:

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...