MoneyBarn decree sold to Arrow Global Q’s

[SilkyPatricia]

So as a bit of background, I took out finance on a vehicle with MoneyBarn Many moons ago.. At the time, my credit score wasn’t great, I had a number of other debts and I was obviously refused finance from lenders due to this. Thus MoneyBarn was my last choice.

 

I kept up with payments for a number of years and then I defaulted In May 2014, the car was repossessed and sold at auction. I may a payment plan and continued to pay and defaulted on that some years ago.

 

After a while, I stopped making bad decisions and got control of my finances and recently have just finished paying off all of my debts except for this one with MoneyBarn. It is currently at £7,399.

 

Now, this debt has just been taken on by Arrow Global. 

Now, as this is the last item on my credit file, I am looking to get this settled and removed from my file as it has also provided me with a Decree.

 

I wondered if anyone could provide me with any advice on how I should proceed here to efficiently get this settled and removed from my file in the quickest & cheapest way.

 

Thanks in advance for your help.

[AndyOrch]

Hi and Welcome to CAG

 

If you would confirm the date of the Decree ? and are you currently making payments under this judgment ?

 

Andy

[SilkyPatricia]

The Decree is dated 6th of April 2016. And no, I’ve not taken any action with this. I’m not 100% sure what they mean. I figured if I settled the debt then this would disappear?

 

I should maybe also clarify that I am based in Scotland. 
 

Thanks.

[dx100uk]

Were you resident in scotland when you got the car?

And when they got the Decree?

 

v rare for mb to sell on a debt subject to a ccj..

 

Who told you paying debts off remove s defaults and ccj's anyway?? It doesnt

 

[SilkyPatricia]

I was a resident in Scotland when I got the car and the Decree.

 

If that isn’t the case, I would still like this settled as it is an old debt.

 

Thanks for your help.

[BankFodder]

 

5 minutes ago, dx100uk said:

 

 

Who told you paying debts off remove s defaults and ccj's anyway?? It doesnt

 

 

We'd be interested to know the answer to this please

[AndyOrch]

 

I dont think anyone told the User that it paying it off removes it......?

 

Quote

I figured if I settled the debt then this would disappear?

 

It would be marked as either settled or satisfied if you did wish to agree a Full and Final Settlement....or simply hang on for another 2 years and the lot will fall off.

[dx100uk]

Did you contest it?

 

mb sc@mmed you into voluntary surrender owing the full amount when you could have done voluntary termination only owing upto the 50% mark.

 

and they sold it to arrows..so wiped their hands of it too.

nice firm..not!!

 

Dx

[AndyOrch]

I have updated your posts to Decree...you can get a CCJ in Scotland if its issued in England as a cross border claim..if it was issued in Scotland then its known as the Scottish equivalent...a Decree.

 

Andy

[SilkyPatricia]

I did not contest it.

 

it seems they have done this and it has been sold on.

 

Is there anything I can do? Request CCA or claim that they lent the finance negligently?

 

or is the best bet to just try and agree a settlement and call it a day?

 

Thanks again.

[dx100uk]

have PRA chased it?

 

dx

[SilkyPatricia]

No, no one other than MoneyBarn have contacted me to chase the debt.

[dx100uk]

then why are you rushing settle it as post 1?

 

it vanishes from your CRA file , as does any default, at each's individual 6th birthday

however, that doesn't mean the decree in not enforceable, that sadly is 20yrs!

 

you say you didn't contest it but got served the papers by sheriff officers at your door?

and

you've not moved since then..

 

we need to get your ducks inline before you go wasting even more money following your mantra of blindly paying off debts that you might not have ever needed too...

[SilkyPatricia]

Thanks for your help dx.

 

I was served with papers but shortly after this I moved. I lived in the Scotland for a number of years after moving but now I no longer live in the U.K.

 

I am looking to settle this so I can move forward and no longer be chased for debt. I made some silly decisions when I was young and now I’m trying to sort them out.

 

The decree was a number of years ago and I’ve heard absolutely nothing about it since then.

[dx100uk]

What.?!?!?

 

You are not even resident  in the uk and youve been paying debts off..what a waste of money

 

Go enjoy your new life..stuff and all anyone can do to you...

 

Whatever made you even remotely think you had to pay your debts off...even if you were in this country..lets alone living outside of uk jurisdiction!?!?

[SilkyPatricia]

I guess I was under the impression that I had to. And I may still return to the UK one day.

 

So it is probably best to just leave it at that until it falls off my credit file?

[dx100uk]

and then ignore some more..

 

dx

 

[SilkyPatricia]

3 minutes ago, dx100uk said:

and then ignore some more..

 

dx

 

Perfect. Thanks for your help dx, i really appreciate it.

[comebackjimmy]

He may have lived in Scotland but not sure he was a genuine Scotsman. They have a reputation for no paying out if they don't have to!!