Statute Barred on Overdrafts.

[Guest]

Re: Statute Barred on Overdrafts.

Andy you don't understand the information. Everything I have said is in line and consistence.

You have presented no "information" all you have done is state your beliefs without any confirming authority or logical analysis.

[charharp]

Re: Statute Barred on Overdrafts.

Do you have any evidence that the default date is the start of limitations?

[Guest]

Re: Statute Barred on Overdrafts.

Do you have any evidence that the default date is the start of limitations?

Re read this thread, the quotes and the authority the answers to your question are here already

[charharp]

Re: Statute Barred on Overdrafts.

You can't even determine the difference between action and cause of action.

what is your reply to the law firm pinsent masons saying it's 6 years from last payment in the link I gave you? A GROUP of lawyers with experience in these cases have looked at everything and concluded that. You can quote whatever rulings or terms you want but if you don't understand them it's a waste of time.

[Guest]

Re: Statute Barred on Overdrafts.

Ho Hum

There are all kinds of contracts, many will incur the right to recover damages as soon as they are breached, lots of case law to illustrate the difference between these and those under contractual provisions which don't, but then you don't like reading it, its just, what was it, "blah blah blah"

I gave a response to your comment here, perhaps you missed it ?

[charharp]

Re: Statute Barred on Overdrafts.

CC and loan agreements are breach after 1 maximum 2 missed payments. Overdrafts not so simple. Said this all along. You are coming up with nothing. Limitations does not run from DN.

[jon1965]

Re: Statute Barred on Overdrafts.

Pike you stupid boy.
It does not say 6 years from last payment

You can't even determine the difference between action and cause of action.

what is your reply to the law firm pinsent masons saying it's 6 years from last payment in the link I gave you? A GROUP of lawyers with experience in these cases have looked at everything and concluded that. You can quote whatever rulings or terms you want but if you don't understand them it's a waste of time.

[charharp]

Re: Statute Barred on Overdrafts.

It says 6 years since breach. You miss a payment on a CC or loan you have breached that contract.

[jon1965]

Re: Statute Barred on Overdrafts.

I seem to remember you agreeing with someone who said it was last payment so please don't try to rewrite history

CC and loan agreements are breach after 1 maximum 2 missed payments. Overdrafts not so simple. Said this all along. You are coming up with nothing. Limitations does not run from DN.

[jon1965]

Re: Statute Barred on Overdrafts.

It says 6 years since breach. You miss a payment on a CC or loan you have breached that contract. .

Earlier you said its one or two missed payments. Please make your mind up.
Insults are the language of the illiterate and ill informed or maybe people with that disorder you were talking about.

[Guest]

Re: Statute Barred on Overdrafts.

CC and loan agreements are breach after 1 maximum 2 missed payments. Overdrafts not so simple. Said this all along. You are coming up with nothing. Limitations does not run from DN.

Sooo, "i max 2 missed payment represents a breach of contract", is this a universal rule, I don't suppose it is enshrined in legislation anywhere, just sort of,,,,is, I suppose.

Glad your not on my defense team )

[charharp]

Re: Statute Barred on Overdrafts.

It's not for me to make my mind up you have to look at the terms of that specific account. Even NDL say so.

[Guest]

Re: Statute Barred on Overdrafts.

It's not for me to make my mind up you have to look at the terms of that specific account. Even NDL say so.

not the breach or the first missed payment then ?

[jon1965]

Re: Statute Barred on Overdrafts.

Its from the last payment. Don't you remember that was stated OTR.

[charharp]

Re: Statute Barred on Overdrafts.

The missed payment is the breach The only ambiguity is that it seems in rare cases the terms may be worded in a way that requires 2 missed payments.