Debt I Have Had Since I Was 18 And Im 30 Help?

Rockstar1981

I Know It Sounds Bad From The Title But Ile Tell You The Story

At The Age Of 18 LLoyds TSB Gave Me A Cheque Guarentee Card And A Check Book And I Went Stupid With It

They Chaced Me And I Had One Payment Plan Setup Back In 2002

Year Later I Went Away For 18 Months Split From My Ex Moved Back In With My Mum Before Moveing To Oldham i have moved 3 times since oldham my 2nd address active capital contacted me i ignored it again about the debt and its been ignored for ages now and no further contact i moved last year to this new address had one letter from active capital asking for the money at a reduced rate from 3,000 to 1,100 fair enough if i had it i would of paid it just to shut them up then i come accross this site

now active capital have passed this onto Tempus Solutions which i have had no contact from active capital for over 8 months again offering me a big reduction and at the botom please donot ignore or further action will be taken.

the question is

A> can they take further action
B> i have been reading that it should be barred after x amount of years and there just trying it on
C> should i goto citizens advice
D> contact them via phone which i realy hate doing becouse i hate being spoke down to like im a child

any help will do point me in the right direct would be greatly appreciated

Snippet From the Letter

OUTSTANDIN BALLANCE £3,420.34
Original Creditor LLOYDS TSB
Dear Mr X
We Are Giveing You A Fantastic Opportunity To Avoid Further Action And Clear Your Account With A Discount. This Is A Higher Discount Than We Would Normally Offer You.

Pay £1,197.12 Before 31st October
We Pay £2,223.22 To Clear The Rest

This Is A Limited Offer That Is Only Avalible Until The 31st October

If You Cant Do This Then Contact Us To Discuss All Our Other Payment Plan Options, Otherwise We Will Continue With Our Next Course Of Action..


HELP???? or advice please

beanielou

Do nothing til you have had expert advice.
How long since last contact with creditor?

Rockstar1981

last time i ever spoke to anyone was back in 2004ish time

VitaK

If the creditor have not obtained a ccj and you have not acknowledge the debt in writting or by making a part payment in any 6 years period, then the debt would be statute barred now.

Once statute barred, you can inform the creditor you will not pay the debt and they will have to cease any collection activity. Letters here.

The creditor should also not harm your credit file this late after breakdown occured. It is worth going though them to be on the safe side.

mcjordi

sounds like its stat barred and they cant do anything if you havent paid anything or admitted owing it in writing. Anything showing on your credit files?

Rockstar1981

how do i look at my credit file i done it thru creit expert and its taken £2 off my card and now asking me to send proof of who i am

confused.com

Rockstar1981

Well I Signed Up To Equifax And There Is Nothing At My previous 3 Addresses No Defalts Or Bad Credit only thing thats come up red as im not on the electrol roll for this address i have not so long ago moved into

fatbelly

Follow Vitak's advice and if Lloyds come back with any argument, post again.

Lloyds don't normally offer full & final settlement at 35% so it sounds like they know it's statute barred.

Rockstar1981

ok thankyou i shall keep posting if i hear anything else from this company

flubberyzing

Remember, grammar is your friend. People are much more willing to offer help and support when they can read your post clearly and easily.

Rockstar1981

flubberyzing wrote: »

Remember, grammar is your friend. People are much more willing to offer help and support when they can read your post clearly and easily.

ile remember that when the grammar police come knocking.. thought this was a place to get help not smirked at becouse i have bad grammar . *WINK*