BLS collections

smartskyline

Hello,

I have a debt which is over 6 years old, it has been removed from my credit report. I have been paying the debt now for over 6 years and continue to pay it.

My question is, BLS have offered a 75% settlement figure, which if I accept, will anyone else chase me for the remainder 25% at anytime in the future & as this debt has rolled off my credit report, can anyone else put a new entry to my credit report as partially settled.

As I understand it a debt can only be logged once, and once it has rolled off, it can never be logged again on my credit report.

Just looking for reassurance please.

Thanks

happy_bunny_2

Not paid or acknowledged in writing for 6 years then its statute barred and no one can make you pay. There's a statute barred letter on here somewhere. Send them that. After that, if something makes you want to settle, try 10%

moohound

Make sure you get it in writing from them, and that it is a full and final settlement and you will not be pursued by any associate company and you are released from any liability.

I sent mine by third party cheques, as there are some funny third party laws that can be in your favour if the debt is sold on.

I put in my accompanying letters that the cheques are ONLY to be cashed under the terms I stipulated, and that if they don't agree, to send it back. I also wrote on the back, only to be cashed in full and final payment, and photocopied both sides of the cheques.

Not that I am paranoid or anything:D

smartskyline

I am still paying it, so I don't think Statute barred counts here, as I know about the debt, and still paying it via SO monthly.

Cheers

happy_bunny_2

moohound wrote: »

Make sure you get it in writing from them, and that it is a full and final settlement and you will not be pursued by any associate company and you are released from any liability.

I sent mine by third party cheques, as there are some funny third party laws that can be in your favour if the debt is sold on.

I put in my accompanying letters that the cheques are ONLY to be cashed under the terms I stipulated, and that if they don't agree, to send it back. I also wrote on the back, only to be cashed in full and final payment, and photocopied both sides of the cheques.

Not that I am paranoid or anything:D

Not to hijack the thread, got Capquest to settle for 30% to avoid the grief. Old hugely unenforceable catalogue debt. Thanks for the pointers. I was going to send special delivery too, as they say it has to get there by a certain date and I don't want them to cash the cheque, say it got there late and withdraw the offer.

I also am a bit paranoid!

happy_bunny_2

smartskyline wrote: »

I am still paying it, so I don't think Statute barred counts here, as I know about the debt, and still paying it via SO monthly.

Cheers

Sorry, failure to read correctly

In that case, what was the debt for? Loans and cards pre April 2007 are worth a CCA request, as may help negotiate lower offer if they don't have one or its unenforceable.

smartskyline

Ah good idea Happy, I will send one off, my other question is, can the original debt be re-registered against me?

But I suppose if I get it in writing as full and final then I cannot be chased.

happy_bunny_2

If full and final, that's the end of it. Best post back to check the wording before you agree to it. CCA request will take a while I reckon. Send signed for to be sure they get it then hit them with a complaint if they ignore it.

[Deleted User]

happy_bunny wrote: »

Not paid or acknowledged in writing for 6 years then its statute barred and no one can make you pay.

The debt is anything but SB.

The OP said:-

"I have been paying the debt now for over 6 years and continue to pay it."

happy_bunny_2

Bedsit_Bob wrote: »

The debt is anything but SB.

The OP said:-

"I have been paying the debt now for over 6 years and continue to pay it."

Yes I know, as I said in the post that followed it

smartskyline

So... Back on this again... Just phoned Step change to update them about a few things...

I am a little worried about what I have just been told :-(

My DMP was set up in 2006, and all the defaults have dropped off my account as I said before. I still own 3.5k and am in a position finally settle this last debt :-)

I called step change and they have stated once I pay the final amount, the recovery company will register this payment with the credit agencies!!!

Is this correct? My credit record was in tatters for 6 years, for mistakes made 8 years ago, now I am being told if I pay off the debt, it will register on my credit record for another 6 years?

Is this correct?