Makes perfect sense. I think you are looking at this the wrongly
Your confusing cancellation by the buyer and breach of contract by the supplier, apple and oranges.
The legislation has nothing that may help I am afraid.
yes indeed I have a thread on here with the case n it, cant find it just now.
Well, they would not put a D on your file straight away, they would have to considers that your fiscal relationship in this matter had broken down, usually a few missed payments.
They may not have issued a DN either, but i think it likely they did.
The law regarding the beginning of the SB period says, the creditor must be able to enforce for six years.
Due to section 88 of the act there can be no termination or enforcement under default until a DN has been issued and not remedied for fourteen days.,
Yes I appreciate I acknowledged the loan initially.
However that was over 6 years ago.
No notice of default or default notice has been issued, nor does it state that on my credit file, just late payment.
With the change to how statute barring is treated with regard to a default is why I don't understand how I currently stand.
That is what I am looking for clarification on.