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Please help - debt advice needed
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I am so glad I posted on here this morning - I don't feel as hopeless now!
So both are with Lloyds TSB who 1st Credit are contacting me about .
One was an overdraft on a bank account and the other was a loan0 -
I'm so sorry!! I've just read through all my historic bank account and the last payment I made to Spectrum was on the 25th March 2013 - i honestly thought it had been longer than that!
My hope has just drained from me
0 -
I am so glad I posted on here this morning - I don't feel as hopeless now!
So both are with Lloyds TSB who 1st Credit are contacting me about .
One was an overdraft on a bank account and the other was a loan
Its more difficult with overdrafts determining the "cause of action" date, as you are not required to make regular payments to it, like with a loan for instance.
Does it still show on your credit file ?
If so what date was it defaulted ?
Either way, now 1st credit has surfaced, it would not be wise to ignore them for too long, as they have a nasty habit of taking legal action, you should send this letter for each debt, basically your asking them to prove you owe the debt, and that they are legally entitled to ask you for payment.
This letter is specifically worded so as not to acknowledge anything.
Template here :
https://forums.moneysavingexpert.com/discussion/2607247I’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 -
I'm so sorry!! I've just read through all my historic bank account and the last payment I made to Spectrum was on the 25th March 2013 - i honestly thought it had been longer than that!
My hope has just drained from me0 -
I'm so sorry!! I've just read through all my historic bank account and the last payment I made to Spectrum was on the 25th March 2013 - i honestly thought it had been longer than that!
My hope has just drained from me
Ok,
Its not the end of the world, a creditor must still provide proof of a debt when asked, no proof, no debt basically, no matter the age of the account.
Advice in post 14 (above) still applies.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 -
Ok - will do that today.
Shall I keep you updated on this post?0 -
Ok - will do that today.
Shall I keep you updated on this post?
Yes please do, also any further questions you have feel free to ask, I've dealt with 1st credit many times in the past.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
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