pre-2007 debts

never-in-doubt

MS_Dolphin wrote: »

Hi N-I-D,

Really interested in this statement. Is this it? I guess so unless they decide to take it further and issue court proceedings and go towards a CCJ.

This is also ok if you are happy to live with the defaults etc for 6 years. To date I've had defaults; one doorstep visit; hundreds of phone calls and letters, not to mention the fact that they are still adding interest and charges to the accounts.

I guess what you are saying is that if you can handle all this 'noise' then just wait out the 6 year clock?

Hiya

I know your background remember ;)

Yes, if you can sit out the hassle for 6 years then it will drop off or become statute barred - the worse they can do is default you, obviously if they wanted to be real w@nkers they can add a CCJ like a month before the 6 year period but often they mess that up due to the fact they forget about statute barred (i.e. you may have a default dated 01.01.2004 but if you last paid 01.10.2003 then the default will already be gone and it will be SB before the 6 year default date)....

Similarly, if you own your home they may do a charging order but then if this happens you just agree to a small monthly payment to stop it.... that's when you give up and pay something, however little....

MS_Dolphin

never-in-doubt wrote: »

Hiya

I know your background remember ;)


LOL, I know, nowhere for me to hide now.

Thanks for the reply, it's interesting and one of the things I would say to anyone who is posting on here - or trying to come to terms with CC issues is not to act too quickly.

I say this from experience. I've not mentioned it before, but I'm using solicitors to deal with 4 of my cases - the other 3 I've dealt with myself, settled and put behind me.

The honest reason why I went via the solicitors/claims company is because I was confused by the process; the pitfalls and the potential outcomes. I did a lot of research and more or less understand in principle what constitutes a compliant agreement, but was concerned about the process and what could happen if for example I went to court and got something wrong.

Fast forward a few months and if I'd known then what I do now, then I'd never have taken this route. Nothing against them, but I've now taken away the settlement option because if I were to settle 'on my own', then the solicitors would come for me for their fees. Also, I've now lost control of the situation and I'm relying on others to fight my case who might have 100's of other cases to deal with and have no personal investment in mine.

The point I'm trying to make in this long winded way is, to anyone who is new to the situation, make sure you take the time to understand things before taking any action.

P.S. N-I-D, do you ever sleep, you seem to be permanently posting on here.

never-in-doubt

MS_Dolphin wrote: »

The point I'm trying to make in this long winded way is, to anyone who is new to the situation, make sure you take the time to understand things before taking any action.

P.S. N-I-D, do you ever sleep, you seem to be permanently posting on here.

Good advice - too many people jump in with CCA's and it may actually be more detrimental in doing so, like breaking statute barred or ruining their credit file for a small debt etc.... so nice one, good advice :T

I work too much - I am always at work mate (sadly enough)....