Amigo?

[jacchris]

Hi

 

Just a little advice please,

or a lot of advice,

any advice in fact is of course appreciated and I thank you in advance.

 

I'm clueless;

 

I have a loan with FLM which is now Amigo,

the last time I made a payment was Oct 2011,

the last time I contacted them was Feb 2012.

 

This was a guarantor loan,

the guarantor has never paid or contacted them at all regarding the debt.

 

The account is still active on credit file,

there is no default and it shows as 6 payments missed despite there being 73 missed payments inc Jan 2017.

 

Is this statute barred,

should it say defaulted,

will this continue to be open and active on credit file?

 

Should I contact them and offer them a reduced final amount in exchange fro the account being closed and settled or.....??

 

I have recently returned to work and I am beginning to finally get all my affairs in order and it's a bigger minefield than I thought.....

 

I have a few other debts that show as having default dates in Jan 2012 and Feb 2012,

do these debts stay on my file,

do they affect my credit score and if they do what should I do about these?

 

Cheers

 

Jac

[gregs07]

Keep your head down for 12 months.

Don't contact anyone let sleeping dogs lie.

Fingers crossed they'll drop of you credit file next year and your clean and fresh.

[fkofilee]

Wait a moment...

This might be an issue.

 

 

It would only disappear from 6 years after issue of account closure or default...

 

This may pose a problem in the long run..

. If they default it now,

it may not be removed till 2023...!

[citizenB]

And of course there is still the option open to Amigo to chase after the Guarantor !

[jacchris]

Thanks for responding

 

So am I wrong in thinking that once a debt is statute barred or 'extinguished' it will be removed from my file?

 

Is this wishful thinking?

 

If neither of us have acknowledged it in 5 years can they legally pursue us/me and can they legally keep the account as active on my file?

 

Thanks

[fkofilee]

Hi There

 

Sorry i missed your reply.

 

If debt is not defaulted and still being reported as live but in Arrears (Numbers between 1 & 6 on your CRA) then the 6 years wont start until account default on your cRA etc...

5 in Scotland...

 

But are you in Scotland?

[martin2006]

If in scotland the it may well have become SB in Oct 2016.

 

What was the contact in feb 12 about?

[jacchris]

Hi and Thanks

 

As soon as I lost my job and couldnt repay I contacted them from the date of the last payment until feb 2012 requesting they stop adding charges and interest when they knew i was unable to pay...to no avail...

 

Thanks

[dx100uk]

are you in Scotland and took the loan out whilst resident in Scotland?........

[jacchris]

hi

 

Yes im in scotland and took the loan out whilst in scotland

 

thanks

[dx100uk]

thank you

 

 

with ref to your post 5

you are correct and wrong......

 

the debt is dead yes. .extinguished ..dead parrot...

 

however sadly or not...

there actually nothing anyone can do to you...

 

the cra file carries your debt for 6yrs regardless to where you reside.

 

dx

[jacchris]

Hi

 

Thanks for reply

 

Even though the debt is deed, when will it be removed from my file if the debt/ loan shows active, not defaulted?

 

Or does it just remain on my file indefinitely showing as an open active account

[dx100uk]

if the debt is not showing a defaulted date in its summary

then you need to write amigo

giving them 14 days to mark the debt as defaulted on your 3rd missed or short payment

or

you'll raise a complaint with the ICO

and seek financial compensation for the damage it has done to your credit worthiness.

 

 

dx