2010 Lloyds tsb CCJ sold to asset link 2016

[steve1969i]

Original ruling 37.50 per month but only paid £2.50 since 2014 .

Asset bought this ccj and I received the relevant paperwork, but nothing from the court.

 

Now 10 years old and have a balance of 18k.

Should I continue to pay it ,

I have also offered £500 as a final settlement, which was rejected.

Is this really worth paying anymore?

thanks for your replies.

[dx100uk]

who was the org claimant Lloyds via sCM?

 

what was the debt an OD balance?

and how much?

 

so you negotiated a reduced PCM with whom?

 

dx

 

 

 

 

 

 

[steve1969i]

Original claimant Lloyds TSB via SCM Solicitors.

Made a formal agreement with them to alter payment after 4 years .

They did advise to contact court and use I think N245 form to change payment.

But I never did!

 

It was a credit card debt with an original limit of 22k.

Thankyou.

 

When asset bought this debt they tried to get me to pay the original ruling of £37.50 I blatantly said no.

In fact when they bought it I said no I'm not paying you anything as your not the original claimant.

 

But after a year I gave in to their phone calls and started paying the £2.50 to them.

I am presently registered disabled which they know and even tried to say that there must be money left over from my benefits to pay them more.

I don't think so!!

[London1971]

Are you living entirely on benefits?

[dx100uk]

shame you gave in to their nuisance phonecalls.

you should never discuss debt on the phone with anyone

least of all a totally powerless DCA.

 

pers i'd p'haps cease all payments now

there is very little anyone can do to enforce a 10yrs old CCJ now in all reality.

and

 

did you really run up £22k debt? I bet not

if you were to send Lloyds an sar you might be lucky and get all the statements.

was there any kind of dispute regarding the balance?

 

it seems to me Lloyds sold it on as they knew there were issues as they let you negotiate a £PCM

did you contest the CCJ?

or was it a default judgement you knew nothing about?

 

 

[steve1969i]

42 minutes ago, London1971 said:

Are you living entirely on benefits?

Yes...but my wife does work.

 

Thanks DX

my only fear if I stopped paying would be they tried to enforce the ccj,if they are allowed to.

.I own my own home.

 

Normal charges on account plus court fees etc.

I never disputed the claim as I was still trying to keep a roof over our head and a business afloat due to illness.

 

I know you said after 10 years it's harder to enforce but I have been paying it, so I cannot really go for it being statue barred.

Also it seems strange they didn't accept my offer if they thought they could get more.

They're  a pain...

[dx100uk]

did you defend the original court claim or head in sand?

 

tell us the history of the court claim..

 

you wife being in work is nothing to do with them!!

nor is her income, ruddy fleecers!!

[London1971]

1 hour ago, London1971 said:

Are you living entirely on benefits?

I concur,

 

just stop paying them. They’d have to go back to court to enforce any CCJ older than 6 years old. In that incredibly unlikely event they will be on very shaky ground trying to extract money from someone registered disabled on benefits.

[steve1969i]

Court claim .

Normal krap..tried to get higher amount but changed it through redetermination.Never contested claim, done through SCM solicitors.

So yes...head in sand!

 

1 hour ago, London1971 said:

I concur,

 

just stop paying them. They’d have to go back to court to enforce any CCJ older than 6 years old. In that incredibly unlikely event they will be on very shaky ground trying to extract money from someone registered disabled on benefits.

 

But surely me paying them at token amount is still acknowledging debt,so it can still be enforced?

thank you for your post

[dx100uk]

so it was a default judgement in the 1st place by Lloyds.

 

and you DID us a n245 and were successful and the £PCM sum was reduced legally by the court to £37.50PCM?

 

please don't gloss over important details..

 

 

[AndyOrch]

Under the Limitations Act 1980, Section 24 provides a period of six years for the enforcement of a judgment from the time that it becomes enforceable.

 

The Act reads:-

24.-(1) An action shall not be brought upon any judgment after the expiration of six years from the date on which the, judgment became enforceable.
(2) No arrears of interest in respect of any judgment debt shall be recovered after the expiration of six years from the date on which the interest became due.

 

Andy

 

[steve1969i]

@dx100uk I acknowledged service of the claim within the 14 days and filled in my details but did not defend or attend.thankyou

 

@Andyorch Hi Andy

I thought that it only applied when there had been no contact ?thankyou

[AndyOrch]

No ... the above is in connection to executing the judgment (Enforcing)...its irrelevant whether you paid or acknowledged the Judgment within 6 years.

[steve1969i]

you're saying that even though I have been paying it up to now

,after the 6 years from judgement they would have to apply now to the court.

Which will be unlikely to give permission?

 

thankyou

[AndyOrch]

County Court Judgments are not and cannot be statue barred...the limitation ceased on the issuance of the court claim. Limitation stated above is with regards to the judgment claimant not executing within 6 years.

[dx100uk]

they, link, who were not the judgement claimant would have to apply to the court to enforce the CCJ. now if the court would allow that after 6yrs from judgement is very debatable.

 

you've been had from day one they got their hands on it,

which is the std MO for link, they LIE through their teeth to extort money out of people.

but as you didn't come here and ask , you got had by talking to link on the phone

 

perss i'd be stopping payments.

 

[London1971]

When Link open their mouth they lie. They threatened me with their non existent fraud department once!

[steve1969i]

Well thank you to all....your all stars.Shall cease being fleeced and dig my head out of the sand.Care to you all!Kind regards