unsecured loan 6 years

andyfromotley

Don't bite nesslin, you don't have to explain yourself to anybody on here. In between the judge pants there is some sound advice from Fatbelly.

It may be worth contacting step change if you are worried about dealing with this yourself. They are great with helping people through this sort of stuff.

As to some of those who replied can i just say, this is her 2nd post. Way to go. Some of you must be a delight.

pvt

Interesting point here: If Mummy wrote them a letter in 2010 telling them off for lending DD all this pocket money when she was poorly, does that count as an acknowledgement of the debt. In other words, did that reset the six year clock?

The question is whether a letter from Mum 'acting as her representative' counts as an acknowledgement of the debt.

Curious what others think?

CHR15

nesslin78 wrote: »

they replied asking for medical notes. I never sent them.

nesslin78 wrote: »

I didn't go out of my way to apply for it. It appeared as a 'your offers' or words to that effect on my Internet banking. I clicked a few buttons and still didn't expect it to go through. I was more curious than anything. It did go through and I enjoyed spending it

That is a staggering attitude to debt. A Mortgage is the very last thing you should be considering. You seem miles away from understanding what a Mortgage entails.

It's cases like there when it is a shame a credit file only records for 6 years.

I really can't see what the number of posts has to do with anything.

marco806

There are a few sanctimonious , self righteous posts on this thread but the last one is top class.

dealer_wins

marco806 wrote: »

There are a few sanctimonious , self righteous posts on this thread but the last one is top class.

Not saying its the case with this thread/OP, but hearing a few home truths doesn't do any harm in life.

fwor

nesslin78 wrote: »

In 2010 (ish) my mother wrote to them explaining she felt they had been irresponsible in lending me it in the first instance, they replied asking for medical notes. I never sent them.

I suspect pvt has a valid point. Lenders normally won't discuss a debt with an unauthorised third party, so if they replied asking for medical notes it suggests that your mother was considered (by them, at least) to be acting as your authorised representative.

If that is the case then - depending on what she said to them - her contact could reasonably be construed as you acknowledging the debt. In which case it may have at least another year to go before being statute barred.

If that's correct then don't expect things to stay quiet next year. They will probably sell the debt on some time before the 6 years is up, and whoever buys it will probably be a lot more active about wanting the money back...

Also, if you haven't already, do take note of the point about offsetting, as in theory they can grab money from any account at any time they want.

Brock_and_Roll

pvt wrote: »

Interesting point here: If Mummy wrote them a letter in 2010 telling them off for lending DD all this pocket money when she was poorly, does that count as an acknowledgement of the debt. In other words, did that reset the six year clock?

The question is whether a letter from Mum 'acting as her representative' counts as an acknowledgement of the debt.

Curious what others think?

On the face of it would appear that mum writing is not an acknowledgement of the debt as we are not given any evidence of mum having a power of attorney or any other authorisation to make representations on behalf of the daughter. Furthermore, it appears that the daughter did not acknowledge i.e. reply to any letter asking for medical notes etc.

As with many other posters here, if the OP thinks she can conveniently forget about this debt and sail onto the property ladder, she may be in for a rather nasty shock especially if the bank exercises its right of set off and pockets the OP's deposit cash!