Nationwide Overdraft and Lowells

[kittencat]

I had an Overdraft with Nationwide about 12 years ago. 

Out of the blue I have received a letter from Lowells saying they have purchased this Debt and including a letter of assignment from Nationwide.

 

I would have thought that this was statute barred given its age, but I did complain back in 2018 to FOS about the unfair charges which were applied to this overdraft account.  Nationwide offered a compensation amount of £100.00, which I accepted.

 

Did that complaint by me restart the clock, and that's why Lowell have purchased it? 

 

Thanks in advance

 

 

[fkofilee]

Lowells have sent me the same letter... Looks like this will be a thing going forward. 

When did the OD default? 

 

FKO

[kittencat]

Not sure of the exact year, but we are going way back with this one, possibly 2006  

[dx100uk]

A payment not by you does not reset sb

 

Have you moved and never updated your creditors??

 

Dx

[kittencat]

No, I have lived at the same address for over 20 years.  Why would this be sold to a Debt collection Agency after all these years?   

[dx100uk]

cause thats what happens to debts

they sell them on for <10p=£1 to get some moneyback.

 

safe to ignore until/unless you ever get a letter of claim.

 

a dca is not a bailiff.

and have 

zero legal powers on any debt no matter what it's type

 

dx

 

 

 

[kittencat]

Thanks DX.  I will just ignore