I hate Halifax!!

littlemonkey

I have decided to just let it go the 6 years.. so that it gets written off of my credit report.. happy hiding for me!!

My mum did this with her repossesion on her previous mortgage after 12 years it got written off and now she has just got a new mortgage!!

Anyone else done this??

gettingbetter

i might be wrong
repossession might drop off credit report after 12 years
but you still have to declare it if asked
its like bankruptcy

sorry if i have burst your bubble

kas xx

~Beanie~

littlemonkey wrote: »

I have decided to just let it go the 6 years.. so that it gets written off of my credit report.. happy hiding for me!!

Let what go the 6 years?

Before it gets that far you could end up with CCJs and visits from bailiffs...is it worth the risk?

littlemonkey

No, my mum has just got a mortgage her partner knows nothing of the previous house so this was not declared.. then again she does have a law degree so I guess she knows what she is talking about. So no bubble burst.

Thanks for your replys though..

I mean wait the 6 years so that the debt gets written off if you have no contact with the company and make no payments.

Broken_hearted

Halifax won't give up or go away, they are nasty creditors to have. I would CCA them and hope they don't have it.

Eriberri

Say the Halifax just sat there doing nothing to recover their money, and then in 6 years time, they contacted you, out of the blue and said "oi, gis' us our money", then you could say, "haha! no, you cannot! You are statute barred!". Halifax are NOT going to allow 6 years to pass without any payment without doing something about it. If they obtain a CCJ against you, they can then apply to the court to recover the funds from you, even after you've been trying to hide for 6 years.

fabforty

Hi,

Did your mum still owe money on the property that was repossessed? I am sure that I have heard of cases where people have walked away from a house (effectively defaulted on the mortgage and handed the keys back to the lender), purchased a new home much later on and have had a charge put on their new home. I could be wrong, I hope that I am, because if I'm right, your mother's partner could end up paying for debt that he had nothing to do with (and apparently knows nothing about).

insideinfo

Let's get technical, If a creditor cannot trace you to a reliable address and begin "reliable" CCJ procedures then County Procedures cannot follow, ie; If Gone Away or Not At This Adress is their reply, the action should not continue. You cannot defend an action if you have no means to do so. And if they go ahead - you can set aside such applications.

You have a moral obligation to repay the debt but this is not about morals, so if you don't have your own bank account and zero credit accounts, no mobile contracts etc you will be difficult to trace and yes your debts will be Statute Barred, after 6 years, the detail with the mothers mortgage is slightly different, the CML say in agreeance with the FOS that the 12 year limit be enforced as a 6 year limit. The Finacial Ombusdman prefers to look at mortgage shortfalls as 6 years in enforcement terms. Good luck to her ! (Mother).

Don't check your credit report if you are close to the 6 year limit and DO NOT check the regisster of judgments! It would be classed as making yourself aware of your obligations.

fatbelly

littlemonkey wrote: »

I mean wait the 6 years so that the debt gets written off if you have no contact with the company and make no payments.

Not written off, strictly speaking, but 'statute barred' under the Limitation Act 1980.

Six years after the last acknowledgement of the debt, it becomes unenforceable in court.

It doesn't necessarily follow that a creditor will fail to take court action in that six-year period.

Best of luck though!

mrcow

If Halifax default you in 4 months, then obtain a CCJ following that then your 6 year plan will be a little stuffed.

How much do you owe them?