Tweet
Hi, apologies if this post is in the incorrect place but I wondered if anyone could give a view on whether an old debt is likely to be statute barred.
I entered a DMP in 2014 but by mid 2015 I could no longer afford to pay this as our family circumstances changed and no further payments were made to the DMP or the creditors directly.
All the defaults for these account have now dropped off my credit report and it is over 6 years since I've made a payment. I have not received any court action letters. However, in 2018 I did sign up with a PPI claim company who took details of any loans/credit cards I had in order to approach the lenders to enquire if I'd paid any PPI.
PRA group have now purchased the largest of these remaining debts (for a personal loan £11K) and have written to me twice to offer me a 50% discounted settlement option (which I'm not in a position to take them up on). Their letters also say that the current status of the debt is unenforceable (they are waiting to get the paperwork together from the original creditor I imagine) I did not receive any PPI repayment for this account as it was not part of the original loan agreement but my question is, would the fact the claim company enquired on my behalf with details I have summitted, directly to the original lender as this was prior to the account transferring to PRA, effectively reset the statute barred clock? I have other much smaller remaining debts with other DCA's which also defaulted in 2015, for which I did receive some PPI compensation - I'm guessing this will certainly reset the clock?
Thanks in advance for any clarification.
I entered a DMP in 2014 but by mid 2015 I could no longer afford to pay this as our family circumstances changed and no further payments were made to the DMP or the creditors directly.
All the defaults for these account have now dropped off my credit report and it is over 6 years since I've made a payment. I have not received any court action letters. However, in 2018 I did sign up with a PPI claim company who took details of any loans/credit cards I had in order to approach the lenders to enquire if I'd paid any PPI.
PRA group have now purchased the largest of these remaining debts (for a personal loan £11K) and have written to me twice to offer me a 50% discounted settlement option (which I'm not in a position to take them up on). Their letters also say that the current status of the debt is unenforceable (they are waiting to get the paperwork together from the original creditor I imagine) I did not receive any PPI repayment for this account as it was not part of the original loan agreement but my question is, would the fact the claim company enquired on my behalf with details I have summitted, directly to the original lender as this was prior to the account transferring to PRA, effectively reset the statute barred clock? I have other much smaller remaining debts with other DCA's which also defaulted in 2015, for which I did receive some PPI compensation - I'm guessing this will certainly reset the clock?
Thanks in advance for any clarification.
Comment