Advice please...I'm clueless...

Becca112

Hi everyone, sorry if this has been asked before but I'm clueless with this stuff. I have just got my credit file and I have 3 defaults from quite a few years ago:
1) start date 13/12/2008, default date 09/08/2011 and date updated 11/12/2014 with hoist portfolio holding 2 ltd
2) start date 09/05/2010, default date 23/08/2011 and date updated 16/02/2012 with Lowell portfolio 1 ltd
3) start date 16/02/2011, default date 30/11/2011 and date updated 11/12/2011 with bt consumer

Are these ready to drop off my credit file or should I make arrangements to repay these? Haven't had correspondence from any of them chasing for monies for a long time. I'm trying to get my life back on track so would appreciate any advice.

sourcrates

Hi,

They will drop off your file later this year, however the debts are still live, and you are still liable for them.

If you haven't paid these for any period of 6 years, if anyone does contact you about them, then statute barred may be a possible defence for you.

Ben8282

The defaults I believe will drop off 6 years from the original default date.
But I don't understand what these updates are or represent.

National_Debtline

Hi Becca112,


The other posters are correct about the defaults and they will be due to come off this year. As far as the updates are concerned, if this is when the debts were sold on the debt collector is allowed to register the default under their name but with the original default date.


As far as the debts enforceability is concerned, that is a similar, but separate issue. It can be confusing because your credit file refers to 6 years and so does the limitations act. The Limitations Act 1980 does state that if there has been a 6 year block of time since the debt fell due, with no written acknowledgement or payment to the debt and no county court action started, then the debt may no longer be enforceable through the county court and becomes known as Statute Barred.


The 6 year clock starts from when the first payment was due and missed or from when the last payment was made or from when the last written acknowledgement was made - whichever is the later. The default date is not relevant under the limitations act. I hope that helps to clarify.


Laura
@natdebtline