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Old debt capquest
Peardrop56789
Posts: 6 Forumite
Hi.
Had a letter from capquest swiftly followed by a second one. Says they bought debt from arrow. Never heard from them. Original creditor lloydstsb loan. Last paid I think Jan 2010 and spoken to try to arrange lesser payment in Feb 2010/ never dI'd make reduced payments.
Want to avoid ccj and court action due to nature of job, how do I start to deal with this CCAcapquest ? SAR lloydstsb /in which case who as they are split again? And also does any action acknowledge debt. Hoping SB. Thanks in advance !
Had a letter from capquest swiftly followed by a second one. Says they bought debt from arrow. Never heard from them. Original creditor lloydstsb loan. Last paid I think Jan 2010 and spoken to try to arrange lesser payment in Feb 2010/ never dI'd make reduced payments.
Want to avoid ccj and court action due to nature of job, how do I start to deal with this CCAcapquest ? SAR lloydstsb /in which case who as they are split again? And also does any action acknowledge debt. Hoping SB. Thanks in advance !
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Comments
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Hi,
I would go straight in with a statute barred letter, send to whoever is writing to you.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Second letter mentions possibly taking a percentage. Such as 70percent etc0
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Peardrop56789 wrote: »Second letter mentions possibly taking a percentage. Such as 70percent etc
Up to you in the end, if your dates are correct, it will be statute barred by now.
Why pay when you don't have to ?I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
offering discounts like that straight away is good sign they know if you challenge it theyre stuffedStill rolling rolling rolling......
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SIGNATURE - Not part of post0 -
Thanks for your replies- as I am not 100percent sure of dates (only as I do not have paperwork or a written record,however,pretty sure) what's the safest course of action. Don't want to wade in with SB and I'm wrong - although I did think the reduced repayment offer may indicate not enforceable. Please would someone be kind enough to direct me to any letter template if indeed it is SB I start with(or whatever may be appropriate). Thank you so much0
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Peardrop56789 wrote: »Thanks for your replies- as I am not 100percent sure of dates (only as I do not have paperwork or a written record,however,pretty sure) what's the safest course of action. Don't want to wade in with SB and I'm wrong - although I did think the reduced repayment offer may indicate not enforceable. Please would someone be kind enough to direct me to any letter template if indeed it is SB I start with(or whatever may be appropriate). Thank you so much
It's up to the creditor to prove it isn't SB, not up to you to prove it is.
https://www.nationaldebtline.org/EW/factsheets/Pages/25%20EW%20Time%20limits%20for%20recovering%20debts/Page-06.aspxI’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Ah so this letter itself does not constitute an acceptance or restarting of the 6 years from default (if not SB)? if I send this with tamper proof signature to Capquest then see what happens? Are they able to commence court action if it is SB - as in whilst it's in debate with me querying stuff with them?0
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Peardrop56789 wrote: »Are they able to commence court action if it is SB - as in whilst it's in debate with me querying stuff with them?
It's unlikely to be honest, though not impossible, less than 10% of bad debts ever go to court.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Peardrop56789 wrote: »Ah so this letter itself does not constitute an acceptance or restarting of the 6 years from default (if not SB)?
Hi
The sample letter soucrates linked to is worded so that it doesn’t acknowledge the debt. There’s no harm in sending it to see what they come back with.
James
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
May I check is SB from default date - date payment first 'not paid' or default date listed on credit file. Seems ambiguous - and if it is debatable would I be better to wait til nearer to the dd on credit file 28/07/10?0
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