Can LLoyds TSB chase for defaulted Current Acc after 6 years???

ClaireS · 9 October 2006 at 10:35AM

Out of the blue this weekend my boyfriend recieved a very bizarre letter from a company called Tower Investigations asking him to contact them. Obviously our minds went into overdrive, me thinking he had a secret child or something and after a weekend of worry he called them this morning and it turns out that they are acting on behalf of Lloyds TSB and trying to obtain £2700 for a current account that he held in 1997 and has not used since about 1999/200

Now this account does not show as been defaulted on his credit files (equifax and experian) and i cannot find on the other posts if the normal rules apply that companies cannot chase you after 6 years.

Please can you tell me if current accounts are treated in the same way as credit cards/loans etc?

Any help would be much appreciated as Tower Investigations and Lloyds are getting very snotty with my bf.
Thanks

CLAPTON · 9 October 2006 at 11:07AM

if there has been no contact for over six years then the statute of limitation means they can't enforce the debt. you can of course pay the debt if you wish.

see for more details (if you page down there is a letter you can use to write to them if you wish.

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=25_liability_for_debts_and_the_limitation_act

Dolly_Smith · 9 October 2006 at 11:27AM

I suppose the question is - how come he left the account with 2700 outstanding? Did he default and just leave the account lying there or did he think it was closed? I would be interested to know why they've suddenly got round to chasing this debt. Lloyds aren't exactly backwards about coming forwards when it comes to getting their money back!

rog2 · 9 October 2006 at 11:33AM

I would be just a bit worried when you say he has not used since 1999/2000. Check, if possible, last actual date - it may be that Tower Investigations have contacted him just inside the 6 year period (even one day will make the account collectable).

angeldeelite · 9 October 2006 at 11:43AM

rog2 wrote:

I would be just a bit worried when you say he has not used since 1999/2000. Check, if possible, last actual date - it may be that Tower Investigations have contacted him just inside the 6 year period (even one day will make the account collectable).

i thought the 6 year rule meant 2 way communication. e.g if he doesnt reply until after the 6 years is up then they cant do anything?

rog2 · 9 October 2006 at 2:27PM

angeldeelite wrote:

i thought the 6 year rule meant 2 way communication. e.g if he doesnt reply until after the 6 years is up then they cant do anything?

Exactly - OP says "after a weekend of worry he phoned them this morning"
Letter = one way - phone call makes it 2 way communication.

Tootsie_Roll · 9 October 2006 at 2:33PM

rog2 wrote:

Exactly - OP says "after a weekend of worry he phoned them this morning"
Letter = one way - phone call makes it 2 way communication.

Not so.

The 'communication' from him has to be in writing or he has to make a payment. Simply calling does not admit the debt and cannot start the clock again even if the call is recorded.

toffee1503 · 22 September 2007 at 11:33AM

ok just got a phone call from my mum saying that i have recieved a letter from tower investigations it is the same as the above letter how ever i have not lived at my mums address for 10 years and then it was only breifly for a few months. Jut ignore this or call them?

Can LLoyds TSB chase for defaulted Current Acc after 6 years???

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