Natwest Old Secured Loan on Repo'd Home

[Sirbob00]

Thank you for your advice.

 

As the owner of 2 labradors dog turd is something I have plenty of.

 

Can I just ask only because I do panic about stuff like this.  More because of the affect it has on my husband.

 

In 2014 when my husband was at his worst and NatWest got the charging order on our house (which was then repossessed) we had to stop using our NatWest bank account which we did.  

 

When we signed up for credit reports in January we noticed our NatWest bank account was being reported on a monthly basis so we decided to close it.  My husband and I went into a branch and closed it.  

 

We had 4 accounts,

1 for everyday banking and

2 savings and

1 was the loan.  

 

She said she could close the 3 accounts but obviously not the loan.  

She said she’d transfer the money from the 2 savings into the main bank account and give us the money then shut all 3.

 We were gobsmacked when she gave us over £1000.  

 

We never thought we had money in the accounts.

 Can this be used against us?  

The 3 accounts are now shut and marked as settled on our credit file.

 

Just one other thing which is stressing me even though I’ve been given assurances on here.

 

Is there anywhere I can find a piece of law that says because I informed them of my new address in January I haven’t re-set the 6 years.  I think NatWest/Moorcroft may use this against me.

 

Everywhere on line says if I made contact with them in writing within the 6 years then I have reset it and they can start chasing again.
 

Thank you.

[dx100uk]

doesnt matter it's statute barred.

 

send nastypest our SB letter if you haven't already then?

 

dx

 

[Sirbob00]

But it wasn’t statute barred when I sent the letter.

[dx100uk]

letter is not acknowledgement.

 

dx

 

[Sirbob00]

But online at Nationaldebtline.org it says

 

“You have not written to the creditor admitting you owe the debt in the last 6 years”

 

although I didn’t admit to the debt I have used the account numbers and our names when advising I have moved house.  Surely this is me admitting as I’m the only one with this information.

 

it also says similar on the CAB website 

 

 

 

 

 

[dx100uk]

where have you admitted you owed the debt 

and did you sign it?

 

there has never been a court claim lost (which is all nastypest can do) that was the result of some silly letter you wrote.

 

send the SB letter in our debt collection section of the library to NW.

and then for get about the debt.

 

and also take with a large pinch of salt CAB and NDL advice...don't forget they are predominately funded by the banking industry.

 

dx

 

[Sirbob00]

All I put in letter was

 

Account Number

 

please be advised of my new address 

 

my name or husband’s 

 

no signature 

 

I must admit apart from 2 of them writing back to acknowledge.  One of then NatWest I’ve heard from no one else.

 

Natwest did email to a old email address that we have access to but never use asking for us to reply confirming our address but we never replied.

 

Im just unsure why Moorcroft have done a credit search yesterday. 

[dx100uk]

that is not acknowledgement.

 

so what if moorcroft did a search.

no-one bar you and they can see it anyway

i bet the search was from before the time you updated the address too.

 

simply a trace to find your correct address to try and mug you blind

 

send the sb letter as advised.

 

dx

 

 

[Sirbob00]

No it says the search was carried out on the 9th July.  Says it was a hard search that can impact your credit score and can be seen by other lenders.

 

 

[dx100uk]

only for one year

and as the debt is SB's ask natwest to get moorcrap to remove the search too then.

 

[Sirbob00]

It does give me the option on his credit file to raise a dispute so would it be ok to try this way?

[dx100uk]

deal with the organ grinder not the monkey...

 

dx

 

[London1971]

Acknowledging the debt = writing a letter saying ' I acknowledge the debt'

 

 

[Sirbob00]

Hi

 

I’m going to do a SAR for NatWest.  

 

I’ve found the paperwork with the Default Notice.  

The loan was joint but the default notice was served to us both separately on the 27th February 2013.

 Last payments made via Payplan April 2014.

 

We hadn’t heard anything from them until Moorcroft began writing to my husband towards the end of 2019.  

In January 2020 we advised NatWest of our correct address.  

They did email my husband asking him to reply to confirm the change but he never did.  

 

We’ve heard nothing from Moorcroft since January/February until my husband received an email from a credit reference agency he signed up to informing a hard search had been carried out by Moorcroft on the 9th July.  For what purpose I’m not sure or could it be that NatWest hadn’t forwarded the new address onto them so they carried out the search looking for my husband.

 

We haven’t heard from any other creditors apart from 1 other acknowledging the new address  since advising them.  
 

Also can I ask does the 6 years start from when you last paid or from the default date.

 

Many Thanks

[dx100uk]

whichever is the later ...

so statute barred then.

send the SB letter

 

 

[London1971]

In your case, from the last payment. It went statute barred back in April. Your in the clear!! Send the SB letter.

[Sirbob00]

Thank you.  Should I wait for them to write to him before sending the SB letter.

 

Also on my credit report is Cabot (previously I think Capital One CC)  No payment made since April 2014 default reported September 2014.  Does that mean that one isn’t statute barred

[dx100uk]

if cabot are not chasing the CC debt and you've sent them a letter advising of correct address i'd wait a bit.

it can be argued that if the original creditor took xxx mts to default following last payment, then it is SB's, but as above

if cabot know the correct address and are not chasing, let it lie.

 

dx

 

[Sirbob00]

No not heard from them in a while.  Last letters were offering a £50 reduction if I sent in a budget form but I didn’t respond.

[Sirbob00]

Received another email regarding the search.  This is what it says on husbands credit report.  Shall I wait to see if they write to him before sending the SB letter.

[dx100uk]

safe to sit on it.

it's not technically sb'd till dn+14 days.

 

just remember the golden rule

a DCA is NOT A BAILIFF

and has

ZERO legal powers on any debt, no matter what it's type.

 

 

 

[Sirbob00]

Sorry but what do you mean by dn+14 days?

This is Moorcroft chasing on behalf on NatWest.  The default notice was in February 2013 and last payment made via Payplan to NatWest in April 2014.

[London1971]

It becomes Statute Barred, 14 days after the default notice was issued, so 2 weeks after that date.  So at some point in Sept / Oct this year. 

[dx100uk]

One debt one thread

Else it gets confusing..

 

one min cabot debt

next nw.

 

gets confusing for us

[Sirbob00]

Yes sorry I’ve confused you both.

 

Ill forget about Cabot as nothing received.

 

it was more about the Moorcroft search.  Should I SAR Natwest while waiting for Moorcroft to get in touch or just wait for Moorcroft to write to him then send off the SB letter.

 

 

Edited July 12, 2020 by Sirbob00