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Old cahoot account in arrears - New Santander 123 account
djrobmac
Posts: 414 Forumite
Ok so I have really old debts with cahoot that I was never chased for, we are talking maybe 10 years ago now, so statue barred. If I put my money into Santander (who owns cahoot) can they take the money I owe them from a new Santander 123 account?
Thanks in advance
Thanks in advance
Hardcore moneysaver
0
Comments
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Yes, if records still exist of the debt, they can use the right of set off.
A debt been statute barred does not stop them reclaiming there money in this situation.
But it would all depend if, as said, records still exist or not.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 -
sourcrates wrote: »Yes, if records still exist of the debt, they can use the right of set off.
A debt been statute barred does not stop them reclaiming there money in this situation.
But it would all depend if, as said, records still exist or not.
WOW! Thanks for this. Records do definitely exist as I do still get statements showing how much I owe but instead of saying cahoot, its addressed from Santander now. No threats of payment, just the amount owed.Hardcore moneysaver0 -
You would be best advised not to use that account if i were you.
You can write and tell them the debt is statute barred, but to be safe, don't use that account again.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 -
sourcrates wrote: »You would be best advised not to use that account if i were you.
You can write and tell them the debt is statute barred, but to be safe, don't use that account again.
I owe you my friend
Withdrew and closed the account within 10 mins of your first post haha. Thanks!!!!!!! Hardcore moneysaver0
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