Lowells - How long after an account has defaulted can a default date be registered?

solentsusie

ALIBOBSY wrote: »

The advice from other users is correct this matter is now statute barred. The default date may or may not be correct, but by the time its been disputed and sorted it will have dropped off anyway.

I would keep the head down and wait and see, if Low decided to start threatening court action, then hit them with a statute barred letter. I'll bet they will be sending a "we are offering you a massive discount to settle this matter now" letter anyday.

Still Low gave us a laugh this morning, they wrote to us about a really old card, well statute barred and long since dropped off the file-not a huge amount anyway.

They are offering an discount of 75% and they are "aware the period for recovery by court action has expired", but they still want a payment :rotfl:

Will ignore for a while-costs them cash to send out letters etc, then if they keep asking will bang a statute barred/stop asking for payment letter to them.


Finally advice to the OP's friend never ever call the debt collectors, they will lie and threaten over the phone and try to trace your number to keep calling you back and harrass you.

If you have to contact them, letter or email is best. Plus don't let them say you have "reset" the statute barred clock by discussing matters now. The period is six years and once SB its SB forever.

Ali x

Thanks Ali

I know these DCA's can be really cheeky and push their luck to the extreme. Some stories like yours are amusing, but scary for people who have no clue on these things. I am sure some letters will be turning up imminently.

At least we know that they can pursue the statute barred route, especially now the last contact date has definitely been confirmed.

And it is only a few months before the default will drop off so not really worth getting too irate over. They aren't intending to apply for credit between now and then so not something that is too concerning.

fermi

May be a bit late today as they close at 1pm I think, but I would suggest they give National Debtline a call.

Freephone 0808 808 4000

https://www.nationaldebtline.org/EW/factsheets/Pages/25%20EW%20Time%20limits%20for%20recovering%20debts/Page-02.aspx

Getting what has been said here confirmed by a trained debt advisor is worth it for reassure and peace of mind.

solentsusie

Thanks Fermi

I am sure speaking to someone to confirm all this will give them peace of mind.