Capquest - Old Lloyds Credit Card Debt

[Deleted User]

Last month I received a letter from Capquest advising that they have taken over my old Lloyds credit card debt from Arrow Global. This was the first correspondence I've had about the debt for a couple of years. Then today they phoned me and I told them it was a Statute Barred debt. The caller looked on his computer, said ok he'll close the account and said I won't receive anymore action regarding the debt.

Is it really as simple as that or will they eventually start chasing me again or sell the debt to someone else?

The debt is indeed Statute Barred and was last acknowledged in 2007.

National_Debtline

Hi LeeUK

It could be that straight forward, but there’s no way to say. You won’t have any evidence of that call. It is a good idea to respond to letters in writing, in this case you can use a statute barred sample letter https://www.nationaldebtline.org/EW/sampleletters/Pages/Time-has-run-out-to-recover-the-debt-(sole-name).aspx.

If you do send the letter you have proof you responded, it's also best to send by recorded delivery. You’ve then put the ball in their court and if they can’t prove the debt is not statute barred they must stop pursuing you.

You sound confident the debt is statute barred, but just to recap most debts become statute barred when there has been 6 years (since court action could have been taken) without a payment, written acknowledgement or CCJ. The rules are different for mortgages and secured loan shortfalls where it is 12 years. I hope it all goes well.

Susie
@natdebtline

[Deleted User]

National_Debtline wrote: »

Hi LeeUK

It could be that straight forward, but there’s no way to say. You won’t have any evidence of that call. It is a good idea to respond to letters in writing, in this case you can use a statute barred sample letter https://www.nationaldebtline.org/EW/sampleletters/Pages/Time-has-run-out-to-recover-the-debt-(sole-name).aspx.

If you do send the letter you have proof you responded, it's also best to send by recorded delivery. You’ve then put the ball in their court and if they can’t prove the debt is not statute barred they must stop pursuing you.

You sound confident the debt is statute barred, but just to recap most debts become statute barred when there has been 6 years (since court action could have been taken) without a payment, written acknowledgement or CCJ. The rules are different for mortgages and secured loan shortfalls where it is 12 years. I hope it all goes well.

Susie
@natdebtline

I'm confident it is statue barred as the debt goes back to a credit card in 2003 when I was young and stupid. Stopped making token payments to the debt in 2007 when I could no longer afford to after priority stuff got paid. It no longer shows up on my credit records now either.

I will send the template letter off to make sure. I only told them over the phone that it is statue barred as they phoned me, I'd never phone a debt collector voluntarily.

I've also got Robinson Way which have just recently crawled back out of the wood work for an old Capital One debt from the same era as the Lloyds one, also barred.

It must be the season for it.