GE Capital Store Card Debt

dlr1000

Hi, I today received a letter from Thames Credit informing me that Aktiv Kaptial First Investment Ltd has bought the interest and debt owed to GE Captial Global Consumer Finance Ltd.

I am actually quite shocked as I generally manage finances very well, if I get a statement I pay it. I have requested further information, which I have to formally do in writing but understand this relates to an account I opened in 1999.

Apparently statements were sent and my account defaulted in 2003. I was at the address I stated to open the account for 7 months until approx Jul 2000 and do not recall receiving a statement that I would not have acted on

My questions are as follows:
Has anyone else received a letter like this?
What is time time frame for debt being written off?
What can I do if a statement looks as if it has been sent but I have never received it?
Would a potential default on this alleged payment lodge a bad credit rating? I have received mortgage quotes in recent years and nothing has ever been raised.

I have moved twice since then however have never received anything about this until now.

The amount due says it includes interest - until I get the statements I do not know how much I apparently spent and what is interest, however if I did not receive statements and was not actively chased since I moved home I do not believe I should pay all the interest,

Any informal advice and information would be appreciated as I do not really want to pay the balance before Christmas!

chuckley

ignore it, as its past 6 years anyway.

have u checked if its on ur file?!

debtdestroyer007

hi
the debt may be statute barred under the limitation act.
check ur file, let us know date of default if showing and whatever u do dont admit owing them scumbags money.

worst case scenario, if need more help, i can send some letters for u to send to creditors quoting LA. i work in insolvency

hope this helps

dlr1000

nothing showing on credit report whether default or settled. will ask them to send all evidence.

what can they do if the debt is 9 years old, is there a 10 year reclaim limit or something?

chuckley

IGNORE IT if its not on ur file. if u respond they will keep bothing u until u pay.

basically a debt firm is tryna recoup the debt even tho its statute barred. if u ignore it they will soon disappear!

dlr1000

what exactly does statute barred under the limitation act mean?

Thanks all who have replied

cifpower

If you have not been contacted about the debt for at least 6 years it cannot be enforced