Intrun/resolvecall old car finance debt - car repo'd

[Turkishbarber]

Hi,

can someone please confirm when my debt became statute barred. 

It was a car hire purchase my credit file shows last payment was June 2017.

The car was repossessed and auctioned off in 2017.

My credit file shows updated as satisfied 01/02/18.

The default date just says n/a. 

This has been through debt managers solutions then passed to intrum who have asked resolve call to get in touch. 

I have made no payments or acknowledged the since September 2017.

Thanks

[dx100uk]

debts arent passed to intrum they are debt purchasers. (owners)

resolvecall as with any DCA are not bailiffs and have zero legal powers.

i will guess the original creditor (who was?) conned you into 'just handing the car over' which is called voluntary surrender, (if you'd VT'd it would have been 50% only!) and the full term and cost of the Hire Purchase is till running.

there should be a credit file entry for the original creditor (shows settled)

and one for intrum (the debt owner)

interesting no defaulted date.

thread title updated and moved to vehicle finance & repo forum

dx

 

 

[Turkishbarber]

Spot on surrendered the car so no discount.

I realise these debt collectors have no powers.

I just need confirmation as to when the debt would be classed as statute barred.

As previously stated no payments made since September 2017 but account shows settled Feb 2018.

Am i in the clear or should I worry till Feb. 

[whitelist]

The settled date would be when they sold the agreement to a debt collection agency. The collection agency would then register the debt in their name with balance outstanding.

The question to ask is if they have actually assigned the account to a collections agency, or are they simply collecting on behalf of the original creditor?

Interesting as well no default date. Might be in error, but can see no reason an agreement has to be terminated and defaulted to be sold to a new owner? The decision to officially default a contract under the Consumer Credit Act as a cause of action under s.5 Limitations Act is up to the creditor.

 

If the original creditor still holds the account, and it has not been defaulted. The Limitations Act will not apply and can go on indefinitely. That includes updating credit files. When was the last activity under this account on your credit file and is it still there and not dropped off?

[Turkishbarber]

The original debt was with money way. It was then sold to debt manager services I'm not sure if it was sold on to intrun but they are appointing resolvecall. No payments made since june 2017. I did have a default letter back in 2017 from money way although I no longer have a copy of this. 

Last payment June 2017

Date satisfied Feb 2018

Last updated  March 2018

Its showing the original lender as a closed account £0 balance

D. M. S was showing on my credit file but dissappeared about a year ago. 

 

[whitelist]

If nothing is showing on your credit file and no active collection activity, leave well alone.

You can reasonably assume it is now statute barred.

Edited December 10, 2023 by whitelist

[dx100uk]

3 hours ago, Turkishbarber said:

D. M. S

who?

have you moved since repo?

if so send intrum our state barred letter from the debt collection section of our library?

 

 

[Turkishbarber]

Debt managers. Ltd sorry for any confusion. I have not moved in the time since I received the occasional letter off them but never responded