PPI on Statute Barred debt?

bery_451

Ok understood, so how do I check whether its genuinely sold with no clawback ability?

[Deleted User]

bery_451 wrote: »

so how do I check whether its genuinely sold with no clawback ability?

As already said several times in the thread, you can't check in advance of any complaint.

You'll only know if the Bank are going to offset when you receive their response to any such complaint.

bery_451

Ok understood many thanks for the responses.

Craigyboy1975

I had a loan which I did not repay back to Barclays. It is now Statute Barred. I made a claim to Barclays for PPI before realising that this may make my debt enforceable again. They did a search and found Barclay card and loan.
I have received a cheque from Barclays and not sure whether to bank it? Would Barclays not have mentioned this and the payment they have given me deducted from the original debt? Am I in the clear or will I expect a letter shortly outlining the debt again?
Thank you in advance

fatbelly

Craigyboy1975 wrote: »

I had a loan which I did not repay back to Barclays. It is now Statute Barred. I made a claim to Barclays for PPI before realising that this may make my debt enforceable again. They did a search and found Barclay card and loan.
I have received a cheque from Barclays and not sure whether to bank it? Would Barclays not have mentioned this and the payment they have given me deducted from the original debt? Am I in the clear or will I expect a letter shortly outlining the debt again?
Thank you in advance

Bank the cheque.

Once statute barred, always statute barred

Limitation Act 1980 s29(7)

SonOf

Banks are allowed to set off the redress against statute barred debts if they wish. It doens't reactivate the debt but the debt still exists.

If Barclays haven't done that then it is their choice and you are free to bank the cheque.