bankruptcy Letter From RuthBridge HELP advice please

dwain39

I had a debt approx 11 years ago a loan from the bank which i fell behind with and nothing more happened until last year late when i got a letter from cabot saying they wanted payment.And i just ignored it it now gone to Ruthbridge and they sent one letter and i read on here about this loan being status barred so i sent the letter.Now Ruthbridge have sent me a letter saying i can have 50 per cent discount of the the loan if i pay within 1 week.I already sent the status barred letter and they say next step is bankruptcy now do i igore them.I know i have not paid anything of that loan for 10 years or what do i do? now they have the status barred letter and contiune sending me letters ignore them or what can anyone advise please i would be greatful for your advice anyone else had problems with them.?

lesgeo2012

dwain39 wrote: »

I had a debt approx 11 years ago a loan from the bank which i fell behind with and nothing more happened until last year late when i got a letter from cabot saying they wanted payment.And i just ignored it it now gone to Ruthbridge and they sent one letter and i read on here about this loan being status barred so i sent the letter.Now Ruthbridge have sent me a letter saying i can have 50 per cent discount of the the loan if i pay within 1 week.I already sent the status barred letter and they say next step is bankruptcy now do i igore them.I know i have not paid anything of that loan for 10 years or what do i do? now they have the status barred letter and contiune sending me letters ignore them or what can anyone advise please i would be greatful for your advice anyone else had problems with them.?

They are just trying to scare you into paying them some money! Ignore them!

RAS

I suspect the operative word in ruthless letter is "may"? Owing money may lead to all sorts of things, if the creditor takes you to court and succeeds.

If this debt is statute barred, then the only defence you need if they try to take you to court is that the debt is SB. The judge would fry them for supper.

You may want to double check your letter with National debt line? On the phone they can give clearer advice than we can.

Do also check your credit record - when was the last payment on this account? More than 6 years ago?

is there a CCJ against this account?

dwainlondon

I have one CCJ on another debt which i am currenlty paying off but i have no CCJ regarding this debt on any of the three main credit refence agencies.I have never made a payment to them for about 10 years the last payment was by DD via my bank.I did however call my bank and they said they could dig out my old statements if ever i needed them for a fee of course.They did check back up to 6 years and said nothing was ever paid to the bank that lent me the loan. Cabot had sent me several letters regarding payment and if there was anything they would have mentioned this i expect in there letters the same with Ruthbridge unless i am mistaken.I hear Ruthbridge do buy status barred debts then try and scare people to cough up even when they dont this was information i found out on here again unless someone tells me different.Again Ruthbridge want to make me bankrupt that was there last letter and offered me a 50 per cent discount if i paid up your thoughts please.?

Thanks

dwainlondon

I also had a very nice message from a man called Mike at debtwizard he sent me a updated status barred letter that was update a few months ago to take into account the revised OFT Debt collection Guidelines.So ill be sending that today to.