Old Citifinancial loan that keeps getting sold

groundhogday

Hello!
Hoping someone can help please.

Twelve and a half years ago I took out a loan with Citifinancial. it was for £6.1k. (As I recall it was a loan rolled into another loan) with stupidly high payments of £238 a month, with only £89 a month coming off the balance and the rest being interest and PPI.

Eleven years ago I left my partner and defaulted on the loan. I moved around a bit and when they caught up with me, the debt had been sold to Direct Legal Collections who were perusing me for £9k +. I disputed This, kept asking for statements to show me where the additional balance had come from etc. Anyway, they went quiet and sold the debt on. This time I was pursued for £8:3k, which I again disputed and did a CCA on. By now it was 2013.

They were able to provide me with a copy of the front page of the credit agreement but not a statement to show where the additional charges were from. I complained to Citi who confirmed that the balance I defaulted with when it was sold on was £5.6k. Anyway, I told the DCA this and they disappeared.

Forward now to 2016 and it's been sold again to Link Financial services. I'm a bit bored of it now. I've always maintained that I was happy to pay what I owe and that until they could tell me where the additional charges came from I wasn't paying a penny but it looks like I might have to start all over again.

So, I have 2 questions 1) what do I do now? Another CCA? 2) can I put in a claim for the PPI? Cheeky, I know!
TIA

sourcrates

Hi,

Are you not aware of the Limitations act 1980 ?

After 6 years of non payment or written acknowledgement by yourself, the debt would become statute barred.

If it's been 11 years, then it's well and truly statute barred, and you should write and tell them so.

https://www.nationaldebtline.org/EW/factsheets/Pages/time-limits-for-recovering-debts/Page-02.aspx

groundhogday

I have communicated with them within the last six years though. I haven't paid anything but I have asked for statements etc.
Thank you

fatbelly

Disputing a debt does not count as acknowledgement and Link probably don't know the history anyway.

I agree with Sourcrates and suggest you send the template letter in that factsheet.

sourcrates

groundhogday wrote: »

I have communicated with them within the last six years though. I haven't paid anything but I have asked for statements etc.
Thank you

Has there ever been a period of 6 years with no written acknowledgment or payment ?

If so it will be statute barred.

Disputes don't count towards the limitation period.

Edit : Cross posted with Fatbelly

groundhogday

Thanks everyone. I'll send them to letter that's on the link.