Re: Information if a debt is statute barred or not?
Hey that's okay, I know exactly what it is like, trust me. We have all had bad bits and good bits in the past, and it is just really a bummer that bad bits pop up when you're in a good bit ( if that makes any sense at all !) lol. I've just got a tax credit overpayment bill through the post today... and managed to get an old debt settled after they sent court papers a couple weeks back... sometimes feels that it's never ending - but my credit file is getting there slowly and hopefully in a couple years we might have a chance at buying our house so long as I keep on top of things now.
Is the credit card over 7 years old too since you defaulted? not going to pop up and bite you on the bum too ?
I don't know what they would accept, we know it isn't statute barred sadly, and you think it was £1500 when you ditched the account, so that is probably a decent level to make an offer - I think it would have to be f&f or a decent amount each month over say 12 months to get it reduced that amount though. Before offering anything though you MUST do your budget/income/exependiture and make sure anything you agree to is affordable - because if you set something up under a consent order, and then default on that agreement, they are more likely to be able to get the CCJ...and it'll have been a wasted effort.
Hang fire and don't do anything until [MENTION=87380]Diana M[/MENTION]; looks back in. There might be someway to use their poor handling of the claim to date to either get them struck out or negotiate a better settlement. I'd certainly not want to see you settle at £3.3k when you believe the actual debt was only £1.5k, and I think you should do a bit more investigating first.
Hey that's okay, I know exactly what it is like, trust me. We have all had bad bits and good bits in the past, and it is just really a bummer that bad bits pop up when you're in a good bit ( if that makes any sense at all !) lol. I've just got a tax credit overpayment bill through the post today... and managed to get an old debt settled after they sent court papers a couple weeks back... sometimes feels that it's never ending - but my credit file is getting there slowly and hopefully in a couple years we might have a chance at buying our house so long as I keep on top of things now.
Is the credit card over 7 years old too since you defaulted? not going to pop up and bite you on the bum too ?
I don't know what they would accept, we know it isn't statute barred sadly, and you think it was £1500 when you ditched the account, so that is probably a decent level to make an offer - I think it would have to be f&f or a decent amount each month over say 12 months to get it reduced that amount though. Before offering anything though you MUST do your budget/income/exependiture and make sure anything you agree to is affordable - because if you set something up under a consent order, and then default on that agreement, they are more likely to be able to get the CCJ...and it'll have been a wasted effort.
Hang fire and don't do anything until [MENTION=87380]Diana M[/MENTION]; looks back in. There might be someway to use their poor handling of the claim to date to either get them struck out or negotiate a better settlement. I'd certainly not want to see you settle at £3.3k when you believe the actual debt was only £1.5k, and I think you should do a bit more investigating first.
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