Tweet
16 years ago I took out a 50k secured loan with First Plus. My property this loan was secured against was repossessed in 2007 by the original lender with no resulting equity available for the secured 2nd lender.
The First Plus debt has subsequently been sold on a couple of times since.
Is this loan now classed as unsecured and could therefore become statute barred after 6 years of non action as opposed to 12 years. Would a CCA enquiry also be appropriate or indeed wise.
The First Plus debt has subsequently been sold on a couple of times since.
Is this loan now classed as unsecured and could therefore become statute barred after 6 years of non action as opposed to 12 years. Would a CCA enquiry also be appropriate or indeed wise.
Comment