We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Want to become a Forum Ambassador? Visit the Community Noticeboard for details on how to apply

Help with an old debt - statute barred?

Hi could someone please help and advise me with this, not sure if I have posted in the right place? Back in 2004 I had a Debt Management agreement via Harrington Brooks to repay 450 odd each month for a loan I had with Natwest. (This was taken out to help my now ex-husband, stupidly I put it in my name and then he leaves and left me with the debt). Anyway in 2006 I changed this to an IVA as I couldnt manage this amount as a single mum every month, this was passed over the their other company dealing with IVAs - One Advice and the amount reduced to 250 per month. My circumstance changed dramatically later that year and so I decided enough was enough and I couldn't pay it any more. I advised One Advice about this and they said ultimately it was my choice, they were very nice about it and in a nutshell mentioned the worst that would happen is the debt will go back to natwest and they may end up making me bankrupt over it - which I acccepted, I got a confirmation letter from One Advice about my decision to cease with the IVA - but typicaly cannot, at the moment, find a copy. Now I think the last payment was late 2006 or early 2007 (at the latest), at the weekend I got a letter from a company called Trinity (I think - sorry the letter is at home and I now at work) saying the debt has been passed to them and they require payment of the full amount within the next 7 days. If I go back to One Advice to ascertain when the last payment was made will this be an acknowledgement by me in any way and re-start the 6 years rule. I need to talk to someone about it and don't want to ignore the letter from this debt company, but I think this loan is now statute barred.
many thanks
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.9K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.5K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.