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Hi All - my first post - can somebody help me. Basically:
Compello/Raven/MKRR whoever purchased an old credit card debt from Marks & Spencers and they have chased me for payment around 6-8 months - which I ignored. However I have now received a Notice of Intended Legal Action from Keynes and have very little time to respond ie 2-3 days as I thought it would be a standard blah letter and did not open till yesterday.
In any event I defaulted on my M&S card at the end of 2007 as my marriage was in free fall plus I was then diagnosed with cancer, followed by Clinical Drepssion - it was not a happy time.
Subsequent to this I did then make an arrangeement with Lowell or McKenzie Hall - can't remember which but was struggle with debt and stopped making payments. I am not sure whether I made the last payment in 2008 or 2009 - which is not like me as usually I have every bit of paper going back for years! So I am really not sure if the debt is statue barred or not.
My question is how do I respond - is there a standard response/letter I should send stating I beleive the debt is statute barred (even though I am not sure) and also asking them to send the credit card agreement - which I don't believe they will be able to do as I think the card was issued around 2002/3,
or do I simple ignore as some other sites advice. To be honest I don't really want to do this as I have paid off a lot of other debts and have managed to get credit cards again now, so I don't want this to affect my credit rating again if they do take legal action.
Although I do note that their letter states "legal action to recover the debt may be taken against you" and yet none of their operating company's has done so yet - so do think it may be just a threat of action.
My other option is whether to just offer them £50.00 per month to have done with it.
Help/advice please! Thank you.
Compello/Raven/MKRR whoever purchased an old credit card debt from Marks & Spencers and they have chased me for payment around 6-8 months - which I ignored. However I have now received a Notice of Intended Legal Action from Keynes and have very little time to respond ie 2-3 days as I thought it would be a standard blah letter and did not open till yesterday.
In any event I defaulted on my M&S card at the end of 2007 as my marriage was in free fall plus I was then diagnosed with cancer, followed by Clinical Drepssion - it was not a happy time.
Subsequent to this I did then make an arrangeement with Lowell or McKenzie Hall - can't remember which but was struggle with debt and stopped making payments. I am not sure whether I made the last payment in 2008 or 2009 - which is not like me as usually I have every bit of paper going back for years! So I am really not sure if the debt is statue barred or not.
My question is how do I respond - is there a standard response/letter I should send stating I beleive the debt is statute barred (even though I am not sure) and also asking them to send the credit card agreement - which I don't believe they will be able to do as I think the card was issued around 2002/3,
or do I simple ignore as some other sites advice. To be honest I don't really want to do this as I have paid off a lot of other debts and have managed to get credit cards again now, so I don't want this to affect my credit rating again if they do take legal action.
Although I do note that their letter states "legal action to recover the debt may be taken against you" and yet none of their operating company's has done so yet - so do think it may be just a threat of action.
My other option is whether to just offer them £50.00 per month to have done with it.
Help/advice please! Thank you.
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