Help! So confused xx

Janeyxox

Hi can someone please give me some advice!!! My husband has a couple of debts from Lloyds tsb with a default date of August 2009 which we were hoping were going to be stature barred in August 2015 however the debts have no been sold on to Lowell 1 Ltd. what I would like to know is does this now effect the default date I.e will it now change to the date it was sold and we will have to wait a further 6 years for it to be stature barred and also does it even stand as I was led to believe that although they have brought the debt they can not buy the original paper work so they can't take him to court etc? Confused!!! Basically we just want it off his credit report as quickly as possible as we were hoping to buy a house in the next couple of years. Thank you

fevlo

Default date will always remain the same regardless of who now owns the debt.
Just keep an eye on your credit report as Lowell will change the Default Entry on your report into their name. Just check they do it correctly and dont apply a new date.

Janeyxox

Thank you have you got any idea if the debt even stands? Do they buy the paper work too? And how does it stand up in court if it did get that far? Thanks

Janeyxox

Also if they don't do it correctly what can I do? Thanks

fevlo

Debt will still stand unfortunatly.
Its part of the origional T's and C's that the debt can be sold / transferd.
They "should" get the origional paperwork so it would stand up if they ever went to court.

If the default date is wrong you should write to them and request they change it. They have a duty to report accurate data to the CRA's

Janeyxox

If we did write to them would this class as contact so they could effectively change the default date anyway? If that makes sense... Thank you for your help regarding this

exarmydreamer

I don't mean this in a bad way, but can't you offer to pay it off. After all the money has been spent and he does owe it. I would rather pay it all or arrange a full and final instead of running from it for the next two years.:)

Janeyxox

I would pay it back but seeing as his it was his ex that run it up for him I don't fancy paying back her debts to be honest! Ill just hope for the best and see what happens.

ilovelondontown

exarmydreamer wrote: »

I don't mean this in a bad way, but can't you offer to pay it off. After all the money has been spent and he does owe it. I would rather pay it all or arrange a full and final instead of running from it for the next two years.:)

I'm sorry but I have to say I agree with this. You said it much nicer than I would have exarmydreamer

ilovelondontown

Janeyxox wrote: »

I would pay it back but seeing as his it was his ex that run it up for him I don't fancy paying back her debts to be honest! Ill just hope for the best and see what happens.

My husband's debt is from debt run up with his ex 8 years go, holidays, paying bills and the like. Now I'm married to him and we're trying to sort out our lives it's also my debt in effect and we intend to pay back ever penny.

midnight_express

Why doesn't he pay it back ? How much is it ?