[Help Needed] Debt Collecting

Conditional

Hey folks,

First time posting here, been reccomended by a friend.

I'm not entirely sure if this is the correct place to post but I'll just come out with it.

A few years ago I was offered a Credit Card by Lloyds TSB, I took it and spent some money on it and found myself being made redundant from my job. Unable to keep paying back on it, I cancelled the payments and didn't hear anything back from it.

I moved country and had to return back home and am currently living with my parents.

I received a letter Saturday from Robinson Way, simply asking me to confirm my address as they wish to send some documents to me. I've had no notification from my bank what happened to my credit card, simply that I can no longer find it on my account and my bank have not told my that I owe any money, etc.

Should I speak to my bank? Should I ring Robinson Way? (A quick google Search reveals they are Debt Collectors).

Many thanks all.

[Deleted User]

How long since you last acknowledged the debt or made any payment towards it ? If longer than six years, then you can use the statute barred defence.

Conditional

Thanks for the reply!

I was last aware that I had the debt around 2013, since then I have had no contact, nor have I had anyone inform me of a debt, I've just had a letter from them asking me to confirm my address, I'm unsure if I should contact them to confirm it and arrange some form of payment, or if I should consult someone else

[Deleted User]

Conditional wrote: »

I was last aware that I had the debt around 2013, since then I have had no contact, nor have I had anyone inform me of a debt

The question asked (and it's a very important question) was:-

How long since you last acknowledged the debt, or made any payment towards it?

Have you acknowledged the debt (in writing), or made any payment (however small) to it, in he last 6 years?

Conditional

Sorry, all a bit up in the air at the moment. I have not acknowledged the debt in writing, no.

I made repayments on the credit card in the six years, but I have not made any repayment to the debt since it was purchased by the agency.

[Deleted User]

Well, it appears, based on your reply, that you have acknowledged the debt in writing, and/or made payments to it, in the last 6 years, so the debt is not Statute Barred.

As to what you should do next, if I were you, I'd wait until they contact you properly, detailing the debt they allege you owe.

Conditional

I see, would they not send debt collectors to my door? That's the part I want to avoid most and would rather start a payment agreement before it came to that stage.

Many thanks

DCFC79

Conditional wrote: »

I see, would they not send debt collectors to my door? That's the part I want to avoid most and would rather start a payment agreement before it came to that stage.

Many thanks

So contact them and arrange some form of payment eg in full or a set amount each month.

[Deleted User]

Conditional wrote: »

I see, would they not send debt collectors to my door?

I'd think it unlikely, until such time as they've established the debt belongs to someone at that address.

Conditional

Cheers, I think my best option is to get in touch and arranged it to be paid back over time, I know it's going to be a substantial amount, but I have no idea how much exactly. I figured since the card was removed from my account and no contact has been made to say I owed the money, it was defaulted or something on those lines.

Lesson learnt though, I won't ever touch a credit card again.

Thanks for your help all those that got involved!

MEM62

Conditional wrote: »

Lesson learnt though, I won't ever touch a credit card again.

Credit cards are not inherently bad things. The problem comes when individuals do not clear the balances or keep up the monthly payments. It then gets worse if ignored.

When used properly they are a useful financial tool with some useful benefits.