Statute Barred Date??

Freckleface

Hi,

I have some old credit card debt that may be approaching statute barred date but unsure how best to proceed. My credit file alleges the following debts:

Major UK bank
Outstanding amount – over £10,000 (credit card)

Lowell Financial Limited
Outstanding amount claimed by Lowell – over £3,000

Robinson Way
Outstanding amount claimed by Robinson Way – over £2000 (all figures deliberately vague)

Having checked my credit file I note that I have not made payment or communicated with any of these companies since July 2013. I'm trying to understand the difference between last payment date, default date and "account settled" date. Each of the accounts has a different "account settled date"

The last payment date for all accounts was July 2013
The first missed payment date was August 2013
The default dates are recorded as late 2013 for the first two and late 2014 for Robinson Way (or rather the card they are collecting for)

From a Scottish perspective (5 years to statute barred), what date do these debts become statute barred? Or rather which of the above do I use to calculate this?

Any advice would be greatly appreciated

Many thanks

poppasmurf_bewdley

The normal start of statute barred is when a due payment is missed. So if a payment is due on 1st April, and not paid, then that is the date used.

Either five or six years from that date, depending on country.

Some DCA's would like you to believe the date starts from when a Default Notice is issued, but that is not the case.

[Deleted User]

So is it 6 years from the first missed payment date they drop off your credit file?

poppasmurf_bewdley

Deleted_User wrote: »

So is it 6 years from the first missed payment date they drop off your credit file?

Not necessarily. If a default notice is issued, this could be after your last payment, so it would be six years from when the default was issued.

sourcrates

poppasmurf_bewdley wrote: »

Not necessarily. If a default notice is issued, this could be after your last payment, so it would be six years from when the default was issued.

Common misconception that is pops, but you are partially right.

The cause of action date is the date of your last payment or written acknowledgment, it is not always the default date, but can be, depending on the type of debt.

https://www.nationaldebtline.org/EW/factsheets/Pages/time-limits-for-recovering-debts/statute-barred-debt.aspx