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    • shopaholicno1
    • By shopaholicno1 6th Dec 17, 1:04 PM
    • 98Posts
    • 470Thanks
    shopaholicno1
    Capquest suddenly chasing me for a 7 year old debt
    • #1
    • 6th Dec 17, 1:04 PM
    Capquest suddenly chasing me for a 7 year old debt 6th Dec 17 at 1:04 PM
    7 years ago, I defaulted on a my Next store account by £325. I was living at home at the time, and my mother kicked me out so I ended up moving.

    I haven't heard from anyone regarding this money, then today a letter from Capquest turns up. A default for this debt fell off my file 14 months ago now. I haven't contacted capquest or anyone in relation to this debt.

    Is the debt still enforceable? Will paying it at this stage effect my credit score? There is no mention of this debt on my credit file as it fell off like I say.

    Hoping to apply for a mortgage next year.
    Last edited by shopaholicno1; 06-12-2017 at 1:08 PM.
Page 1
  • National Debtline
    • #2
    • 6th Dec 17, 1:59 PM
    • #2
    • 6th Dec 17, 1:59 PM
    Hi shopaholicno1


    The overwhelming likelihood is that this debt is now "statute barred", which would make it unenforceable through a court. If Capquest cannot sue you for it, there is no way of its having any fresh effect on your credit file, even if you chose to pay it. It should therefore have no bearing whatsoever on your plans to seek a mortgage in 2018.


    See our guide to time limits - this includes a link to a letter template you can use to tell Capquest that you believe the debt is now statute barred:


    https://www.nationaldebtline.org/EW/factsheets/Pages/time-limits-for-recovering-debts/statute-barred-debt.aspx


    Dennis
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
    • shopaholicno1
    • By shopaholicno1 6th Dec 17, 2:50 PM
    • 98 Posts
    • 470 Thanks
    shopaholicno1
    • #3
    • 6th Dec 17, 2:50 PM
    • #3
    • 6th Dec 17, 2:50 PM
    Thank you for your reply.

    I have now paid it off, as it sits better with me doing so. Great to know it won't impact on my credit file.
    • sourcrates
    • By sourcrates 6th Dec 17, 5:59 PM
    • 12,714 Posts
    • 12,055 Thanks
    sourcrates
    • #4
    • 6th Dec 17, 5:59 PM
    • #4
    • 6th Dec 17, 5:59 PM
    Thank you for your reply.

    I have now paid it off, as it sits better with me doing so. Great to know it won't impact on my credit file.
    Originally posted by shopaholicno1
    It was statute barred, it would not of shown on your credit file again anyway, and sending the letter in the link above would of saved you £325.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • Karonher
    • By Karonher 6th Dec 17, 9:00 PM
    • 439 Posts
    • 2,006 Thanks
    Karonher
    • #5
    • 6th Dec 17, 9:00 PM
    • #5
    • 6th Dec 17, 9:00 PM
    Thank you for your reply.

    I have now paid it off, as it sits better with me doing so. Great to know it won't impact on my credit file.
    Originally posted by shopaholicno1
    You should feel good about that - not many people would pay if they thought they could get out of it.
    Getting ready for Christmas 2017

    Aiming to make £4,500 online in 2017.
    • sourcrates
    • By sourcrates 6th Dec 17, 9:25 PM
    • 12,714 Posts
    • 12,055 Thanks
    sourcrates
    • #6
    • 6th Dec 17, 9:25 PM
    • #6
    • 6th Dec 17, 9:25 PM
    You should feel good about that - not many people would pay if they thought they could get out of it.
    Originally posted by Karonher
    Yes adding to capquests bank account is a real positive move.........

    I’d rather chuck the money in the sea than give it to them......!!
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
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