Halifax and moorcroft dca - after 9 years!!

[unclebulgaria67]

Just ignore Moorcroft or any debt collection agency. It would be up to Halifax to take it further if they could.

 

Under Council for Mortgage Lenders rules, if the Mortgage lender does not make contact for 6 years to chase such a shortfall debt, then I am not sure Halifax can take this forward. This is nothing to do with limitation act, but something mortgage lenders agreed to.

[unclebulgaria67]

because its been assigned by halifax ? does this make it enforcable? in other words can they take me to court .

 

Most Banks don't employ that many debt collection staff because the cost would be far too much. Instead the debts are assigned out to DCA's after a given period. With Halifax what seems to happen is that they pass debts to whichever DCA they have contracts with at the time. The DCA will then attempt contact over 6 months or so and if no joy pass it back to Halifax. Halifax may eventually pass it over to the Solicitors they use Shoosmiths, who will write out, but not very often. In the cases I have seen reported, they send a few letters, then give up and a year later more letters. I suppose this is because they have thousands of such debts and cannot spend the time doing much with each case.

 

It think it will always be Halifax that authorise any court actions. I cannot remember seeing them sell on a debt and a new debtor has then taken court action. As dx says, generally OC's don't do court on such debts. If you think about it, if someone has just lost a house through repossession, it is unlikely that much money would be obtained through a CCJ. I doubt a creditors costs would even be covered.