wife about to find out about my debt

fatbelly

Who's that company that buys up debts from failed IVAs?

Fairfax? Is it them? Usually say they are acting on behalf of MaxRecovery, even though it's the same bunch.

You need to find the date that the IVA was terminated, as the statute barred clock would have started ticking then, and Fairfax or whoever would have to commence court action within six years (5 in Scotland) from that date.

I'm not sure how you would find that if you don't know it. Don't do a credit check!

Don't let them confuse you with default dates and don't let anyone tell you that it doesn't apply if they can't find you!

dirtyepic

Hi Smidge,

How's things at the moment?

Everything okay?

T
aka dirtyepic

little_h_2

not much to add here, but as someone who has also been on the side of finding out, you need to tell her before she finds out from someone else, sounds like there are some big financial implications that will affect her.

I found out from my ex fiance's best friend. it was 6 weeks before our wedding. There was a lot of lying and cheating and borderline criminal activity going on, but had he told me, I would have wanted to help him out. Now I still want to help, but am holding back from this as he needs to learn how to do it himself. As others have said, it's the lying that is absolutely the worst bit.

Again as others have said, if you are well armed with some facts first, that will help massively, so you can hopefully answer at least some of the questions she will have.

good luck with everything

smidge40

hi all

just a quick update.


after being finally pushed into a corner today, i have now finally managed to tell my OH about the debt still hanging over my head, you guys are so right, it is a huge weight off shoulders, she was ok about it, have not had a row, she has not kicked me out. I must have an understanding OH. She just wishes i had told her alot sooner before she chose to go part time.
I have told her about the debts being or should be statute barred, although the letter has been sent, still waiting for confirmation from Fairfax. not holding much hope though due to amount of debt that it is. but we will see.

thanks all for advice. will keep you posted.
Cheers Smidge

CH27

Well done for telling her:)
I hope you can get everything sorted.

pmf63

Just_Plain_Jane wrote: »

Not a helpful post. A lot of us here have done things we regret, but it's too late to change the past.

The OP wants to sort it out now, which is all that really matters.

I agree ... every single one of us who is in debt is guilty to some degree of burrying their heads. If that were not true we would have dealt with the problem BEFORE it became a problem.

chrisl-1410

well done smidge, good luck!

roougers

I'm glad it all worked out OK.

Its quite incredible what debt does to us, it makes us feel like liars when all we are trying to do is protect the ones we love from the stress that we feel.

Its my first day on these forums, but I have read so many similar circumstances to the ones I am in, but most of us got into our situations in good faith if that makes any sense. Its about time someone in Govt realised that some serious laws need to be brought in with the ways that people are hounded and threatened by DRA's and solicitors that are fuelling this precieved stigma that is attatched to debt.

fatbelly

smidge40 wrote: »

I have told her about the debts being or should be statute barred, although the letter has been sent, still waiting for confirmation from Fairfax. not holding much hope though due to amount of debt that it is. but we will see.

Nothing to do with the amount of debt - purely whether 6 years have elapsed since the IVA was terminated.

Clearly you must have worked out your dates and know this to be the case.

Although the debt still exists, the OFT rules prevent them from pursuing you for it, as I think the SB letter reminds them.

If it's been 3 weeks and no reply to your letter, it's starting to look good