Hello! I could do with some advice please

[MiniDebts94]

Hello,

Hope its okay to join to ask for some advice, ive searched through legalbeagles posts over a few months and thought this would be the best place to ask for a bit of help.

I have a old payday loan dating back to early 2013 with Minicredit sold to Kapama.

It was a £100 payday loan that i defaulted on and it quickly rose to a fee of £800+. I could never pay it back on benefits. As far as i can tell through research, Statute-Barred would apply from the date of default in Mid-2013 but i made email contact with them last year asking for a copy of the CCA. I recieved the CCA and a statement and later i questioned the debt amount (8x the loan amount) and if proper affordability checks were done. I then recieved a complaint response. Would all this justify as acknowledging the debt?

Thank you

[pt2537]

Hello,

Hope its okay to join to ask for some advice, ive searched through legalbeagles posts over a few months and thought this would be the best place to ask for a bit of help.

I have a old payday loan dating back to early 2013 with Minicredit sold to Kapama.

It was a £100 payday loan that i defaulted on and it quickly rose to a fee of £800+. I could never pay it back on benefits. As far as i can tell through research, Statute-Barred would apply from the date of default in Mid-2013 but i made email contact with them last year asking for a copy of the CCA. I recieved the CCA and a statement and later i questioned the debt amount (8x the loan amount) and if proper affordability checks were done. I then recieved a complaint response. Would all this justify as acknowledging the debt?

Thank you

Payday loans are payable in full once the loan expires, so id say if the loan hasnt been paid back it may be statute barred, however, i dont believe you can make a CCA request by email, it has to be accompanied by the fee of £1.00 and therefore you could have reset the limitation clock although id also say that its very unlikely.

The more damaging enquiry would be challenging the debt, the affordability checks etc as those could be construed as acknowledging the debt