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Link & Old Co-Op Student Overdraft debt. Statute barred?


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Hi All,

 

I have an overdraft debtor of approx. £1,500.0 with the Coop. The Overdraft itself was taken out with a pre 2014 Student account and the account/overdraft have not been used since sometime in 2015 since when I reached the limit and stopped paying anything into the account (I use a different bank as my main account).

 

I was provided the overdraft when I had no actual income (as a student) and disclosed to their Collections Department that I had dropped out of university due to mental health issues (which is true).

 

I believe I may have had some contact with the Coop bank in 2016 where I talked about my (in)ability to pay it back. Does this mean I would have to wait until 2022 for it to be statute barred? I haven't had any contact from any DCA so I don't believe the debt has been sold on and the bank still sends me generic marketing and update emails. To be blunt, am I going to get away with not paying this back?

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statute barred from the date of YOUR last use or payment.

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Thankyou for the response.

 

I've just checked my credit file and it was sold to Link Financial back in 2018 with no defaults registered on the Coop debt but defaults were registered on the 'new' debt.

 

I've emailed them, playing dumb that I don't recognise the debt so that I can update my contact details and avoid a backdoor CCJ.

 

It seems bizarre they haven't even attempted court action given the amount and age of the debt.

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Not odd really. Just think about the number of debts that have existed in the UK since 2014. Millions of different types of debt.

 

Do you think an overdraft debt for a student is going to be a priority debt to try to enforce repayment?  This type of debt is most likely categorised as low value/low priority with very little chance of any payment being received. No point in spending money on court fees, if the debtor may only pay £1 a week, if they are lucky. And at that rate with admin costs, they would be making a loss.

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  • dx100uk changed the title to Link & Old Co-Op Student Overdraft debt. Statute barred?

link will sit on this until it nears SB status to wrack up interest and then try a backdoor CCJ hoping you've moved.

good job you've now updated them..!!

ensure the same for any other debts

never run from debt for the sake of a 2nd class stamp!!

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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get an sar off to the co-op

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Correct

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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