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Statute & Barred Letter

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  • Statute & Barred Letter

    Hi, My wife has just had a letter from Cabot Financial regarding an old bank account debt with Lloyds.

    This particular debt is well over the 6 year timescale and does not even appear on her credit file anymore. I am wanting to send them the statute and barred letter but cannot find the template letter.

    Could anyone please assist me?

    Many Thanks

    Julie:tinysmile_twink_t2:
    Tags: None

  • #2
    Re: Statute & Barred Letter

    Originally posted by jules77 View Post
    Hi, My wife has just had a letter from Cabot Financial regarding an old bank account debt with Lloyds.

    This particular debt is well over the 6 year timescale and does not even appear on her credit file anymore. I am wanting to send them the statute and barred letter but cannot find the template letter.

    Could anyone please assist me?

    Many Thanks

    Julie:tinysmile_twink_t2:
    I'm not sure if we have a template letter for SB'd debt ... but I found one on the national debtline site - https://www.nationaldebtline.org/EW/...ole-name).aspx

    K x
    Debt is like any other trap, easy enough to get into, but hard enough to get out of.

    It doesn't matter where your journey begins, so long as you begin it...

    recte agens confido

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    • #3
      Re: Statute & Barred Letter

      Originally posted by jules77 View Post
      My wife has just had a letter from Cabot Financial regarding an old bank account debt with Lloyds.

      This particular debt is well over the 6 year timescale and does not even appear on her credit file anymore. I am wanting to send them the statute and barred letter
      Before you send a SB letter it makes sense to be 100% certain that the debt is actually SB.

      The whole CRA entry will fall off your wife's file six years from the anniversary a Default was first registered. This may not mean the debt is SB if payments were made after the account defaulted such as token payments, DMP payments or a random payment under pressure from a DCA on the phone.

      When do you believe she last paid anything to anyone?

      You say this was a bank account (authorized/unauthorized overdraft?) which may make a difference when calculating the start of the six year period for SB purposes?

      Di

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