Statute & Barred Letter

[jules77]

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:

[Kati]

Re: 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:

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

[Diana M]

Re: Statute & Barred Letter

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