The Sub Prime Credit Thread - Part IV

never-in-doubt

IIR = if I recall....

catch you later matey

plumber2009

never-in-doubt wrote: »

You asked too soon - on the next page you missed this:





No it will be from the date of action, so if you had an account that was closed and a year old, with the directive agreement date being 1st June 2010, then by the time your account hit 3 years in 2012, it would drop off and not in 2015 as it would normally have done.

That is the same with defaults, I believe.



We are unsure, some of the finer points are being argued all the time by the steering groups so don't worry about this too much right now - I cannot answer you. Basically when the new legislation comes into force this summer (we assume) then things click from then, i.e. all accounts that are live/new/closed will fall into the new system so things that would 4 years should just vanish, at the monthly update feed cos the CRA would recognise it is over the required 3 year period.

make sense? :eek:



Not unenforceable no, it will be the same as currently - one debt = one default therefore after the default drops off you still have to sit tight for 6 years until statute barred otherwise they could apply for a CCJ.....

See, its not so simple after all... the only beneficial changes (to you and I) will be the length of time data is stored with the CRA's....

Thanks for the update NID

Was wondering how it was all going to be implemented because my defaults will become 3 years old throughout 2010 and was hoping that they may drop off this year.:D as oppose to 2013.

never-in-doubt

plumber2009 wrote: »

Thanks for the update NID

Was wondering how it was all going to be implemented because my defaults will become 3 years old throughout 2010 and was hoping that they may drop off this year.:D as oppose to 2013.

Well assuming the CRA's sort their software out to accept the changes, and it gets passed then yea - yours will drop off this year.... but I doubt it will be up and running as fast as they make out - lets wait and see yea?

seeya23

good evening to all nid not at work yet lol

never-in-doubt

seeya23 wrote: »

good evening to all nid not at work yet lol

hi matey - Nid's been working since 5pm! lol - its a seamless integration from home to work.... :rotfl: :rotfl:

what have lloyds said to you then mate>

Zack1

never-in-doubt wrote: »

hi matey - Nid's been working since 5pm! lol - its a seamless integration from home to work.... :rotfl: :rotfl:

:rotfl:

Just become self employed That's the one thing I hate, it was more before uni because now I've moved a lot of people have gone as they want face to face suport, but it was like I'm doing a computing course at 6th form so was on the computer then....all my coursework etc was on the computer.... then I'd have to go and do self-employed stuff on the computer too!

Bit like this holiday at uni, but that's only because there is nobody around At least the summer won't drag like this one! That's why I'm tempted to apply for Aqua etc just to liven it up a bit :rotfl: But I swear Aqua rejected me less than 6 months ago (I can't find any dated stuff so can't say for sure)

spiritual1_2

never-in-doubt wrote: »

It is statute barred mate - tell her whatever she does DO NOT SPEAK TO THEM OR ADMIT ANYTHING!

Instead she should send this:

Read the below info, which will teach you the law on this and also what the powers (or lack of) they have :rotfl:

NID just fnished printin these out to pass on etc, should be very useful also printed out my own copys may be useful at some point whenever for myself aswell etc, the only thing id pick up on is in the doorstep visit template letter it refers to "under ENGLISH LAW" so im unsure the strength it would gain used in scotland from a scottish address etc

many thanks though

:beer:

spiritual1_2

as promised sygma card piccys

sooooooo the first is my letter, my personal details obviously obscure and the second is my card again obscured

http /yfrog .com/0vscan0001utj

http: //yfrog.com/0l scan0002fgj
you get zoom in functions etc LOOK for them lol
oh ive had to space those links out so no spaces mind [eeps system still thinks im a new user tsk tsk HEY SYSTEM ive been PROMOTED to a convert lol
:beer:

PROLIANT

spiritual1 wrote: »

as promised sygma card piccys

sooooooo the first is my letter, my personal details obviously obscure and the second is my card again obscured

http /yfrog .com/0vscan0001utj

http: //yfrog.com/0l scan0002fgj
you get zoom in functions etc LOOK for them lol
oh ive had to space those links out so no spaces mind [eeps system still thinks im a new user tsk tsk HEY SYSTEM ive been PROMOTED to a convert lol
:beer:

Your links do not work

spiritual1_2

PROLIANT wrote: »

Your links do not work

they do u need to delete the space ive added into them pro and they must be in ure top url link bit ive already double checked and reaccesed them via deletin my spaces