Old Lloyds debt CCJ - Is a CCJ indefinite?

[Teddy Irvine]

Evening all, 

 

I had a CCJ against in 2014 for a £4000 debt to Lloyd's bank in 2012. It was passed to cabot financial. I didn't hear anything from anyone and it dropped off my credit file last year. Earlier this year I got some correspondence from Lloyd's to my new addres, a £600 cheque for mishandling my account at the time.

 

A few weeks later I got a letter from cabot saying they have my new address and wanting me to set up a payment plan etc. Now it's almost daily phonecalls and emails. I just wondered is there a limit to how long I am liable for this debt and can it go back on my credit file because I've actually recovered pretty well from it .  

[AndyOrch]

They would require the courts permission to enforce the Judgment as its over 6 years without you paying.....but it wont show on your credit file after 6 years and yes its possible to enforce it...so in answer to your question...yes it is indefinite...even more so if they place a charging order on your property (to secure the judgment) by means of enforcing the judgment.

 

Andy

 

 

 

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[Teddy Irvine]

So I'd they went to the court are they likely to let them enforce it? Would it be better to pay it off? 

[BazzaS]

It depends on why they didn't previously enforce it, and what they've been doing since.

 

Compare and contrast

a) Creditor knew you had assets to enforce against, and knew an address for you, but made no attempt to enforce, against

b) Creditor found no assets to enforce against initially, you moved and they didn't know an address for you, and are now saying they have only just found the new address, and that you now have assets.

 

Court unlikely to allow enforcement for a), likely to allow enforcement for b), applying a test of what is 'just' and 'reasonable'

Which they'll likely find for you depends on the detail of why they haven't enforced up until now.

[dx100uk]

no don't pay them, it's very rare for a court to allow enforcement on a CCJ outside of 6yrs, and you'd be informed them trying to do so 1st with the opportunity to object. however....

 

you indicate you are now at a new address, it might be worthy to simply write to cabot giving them your new address just in case they try to pull the wool  over the courts eyes and use your old address.

 

just to clarify the story too, you say LLoyds took you to court in 2014? and cabot were sold this debt with a CCJ, or it was cabot that was the claimant and got the CCJ after the sale to them?