May I ask just exactly what the remainder of their situation that is financial is? Does he have other debts ha hasn’t been spending?

Yes he appears to have a few debts defaulted all at precisely the same time August 2016 you’ve got assisted us with this specific web web web site with guarantor loans & have experienced up to now Amigo and Bamboo consent loans were unaffordable ( Amigo nevertheless waiting around for numbers) but had verification from FOS a week ago! Nevertheless waiting on outcome for three more! Final week Lowell delivered 2 statements 1 for Tesco Loan and 1 for 02

Sara (Financial Obligation Camel) says

yes asking for the CCA agreement shall reset the clock. But realistically there was litle possibility of lowell fogetting this financial obligation rather than doing any such thing it is statute barred about it until. …

Thanks Sara it’s well well worth an attempt & then or even maybe give you a settlement that is final?

Many Many Thanks once again for the assistance

Christopher Folarin says

Hello, i’ve two defaults the first a person is SANTANDER UNSECURED PERSONAL BANK LOAN by having a stability of ВЈ3,988.00 with Account Settled date 25/07/2014. Although i have already been paying ВЈ1 considering that the beginning of the 12 months as a result of Job loss. Is 6 years since default tomorrow. My concerns, i still be pursued for the loan if it drops off my Credit file, Can? Will it nevertheless have actually unfavorable influence on my credit history for maybe maybe not settling? Can the amount of money nevertheless be enforced by Wescott? 2nd one; LINK FINANCIAL (LBG) having a stability of ВЈ6,233.00, Account Settled 24/06/2015, though, we have actuallyn’t been making repayment recently and contains been placed on hold because of the Pandemic. Recently I offered money figure of ВЈ2,500 but this is refused by Link Financial, They demanded about ВЈ4K and in addition delivered me Income spending type in post. Please advice, can there be any point of spending a big amount to clear the cash because We have currently got a standard plus it pretty much per year away before it drops of my credit report? Regrettably, i simply realised here 2 Instances of this back at my record, Original Creditor had been Halifax, We have since contacted both events to eliminate one example and made aware that is experian of duplicate. Regards Chris

Santander loan – you’ve got been payments that are making this therefore it won’t ever be stature banned. if you stop spending when it falls off your credit score they could head to court for the CCJ. It will no longer affect your credit score when it drops off your credit record.

Halifax – whether they have offered this to Link, it really is proper that the Halifax financial obligation will nevertheless show but it should show a stability of zero. What kind of financial obligation ended up being this – loan, charge card overdraft?

Hi sara I’ve had a page from Tesco bank which can be a yearly declaration of the personal bank loan taken down in 2010. We penned back again to tesco along with your stat barred template and so they confirmed that the final re payment to your account was at June 2012 and they have delivered statements every half a year and thus they think the account continues to be enforceable, We had written straight back demonstrably stating that the account is stat barred as no repayment or contact made since June 2012 however they are insisting that simply because they delivered statements every half a year they do say that its maybe not stat barred, I asked for your final reaction page when I said im planning to escalate to fos in addition they state their last reaction continues to be the exact same rather than changing it, any advice could be great.

Have actually they ever delivered you a Default Notice?

Hi sara thank you so you can get straight right back. Since far at all up to this point as i’m aware I never had any communication from them. The account was at standard back at my credit history for 6 years but dropped down nearly two years ago.

Here is the last reaction from Tesco:

In light of this interaction we’ve sporadically issued towards the information held on record, we’dn’t see your debt as unenforceable and would continue steadily to recover the monies owed, based on the contract finalized by you.

There is no payment or contact since January 2012 from me personally or because I’m aware from them, but as above they truly are saying because they delivered statements sporadically so that they don’t see your debt as unenforceable, is it them simply completely ignoring the the limitation work?

I’ve had a financial obligation for more than 6 12 months now the initial company was shop direct a catalogue business. My account was defaulted with missed payments because of a mental disease and we put up a repayment plan spending ВЈ1 30 days after a few years we received letters informing me personally my financial obligation was at the fingers of a financial obligation business and also to keep consitently the payment plan going I’d to modify re payment for them I happened to be bombarded with letters and calls that I ignored and kept the ВЈ1 every month re re re payment going after a few years we received a page saying Lowell team had bought out and I also changed the ВЈ1 payment intend to them. And once more I became bombarded with letters and calls that I ignored then they stopped calling me personally years passed without any contact my credit rating had been marked red now six 12 months has passed away and also the financial obligation happens to be cleared from my credit history. Now the device phone phone calls have begun once again and a pre appropriate assessment page providing a 40% discount is here. We don’t understand what to complete can they just simply simply take us to court or do they are contacted by me and attempt to make a counter offer to stay your debt.

Any advice will be a help that is great.

Sara (Financial Obligation Camel) says

Whenever did you last make a payment to the? Do you really remember if Shop Direct ever delivered you a Default Notice?