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Unenforceable loan with Cabot
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Cabot have written saying they can get a CCJ but cannot enforce it. This is because they cannot provide a copy of my credit agreement (HSBC loan bought by Cabot). Is this right? Presumably a CCJ will destroy my credit file even though they would not be able to send out bailiffs.
The debt goes back to 2003 and I was paying it on a repayment arrangement until last month, when Cabot write saying it is presently unenforceable.
The debt goes back to 2003 and I was paying it on a repayment arrangement until last month, when Cabot write saying it is presently unenforceable.
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Comments
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Yes, a CCJ will effect your ability to obtain further credit for 6 years from the date of last default.0
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Formal Default Notice was in 2012 (although on an arrangement to pay with hsbc since 2006!!!!). Would CCJ run from Default then, and not from date of the court order?0
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It will run from the date it was granted.0
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So it won!!!8217;t really n from date of default? Ok. That!!!8217;s a great pity. Life sentence.0
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Sorry:
so it won!!!8217;t run from the date of default? Ok, that!!!8217;s a great pity. Life sentence :-(0 -
No. Just 6 years.0
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Yes but on a payment plan since hit financial struggle 2006. And also don!!!8217;t know when Cabot will be granted order, so a large chunk of my life affected by this sadly. My fault borrowed money I couldn!!!8217;t repay.
Was hoping unenforceability meant Cabot couldn!!!8217;t get a CCJ. Disappointing.0 -
Might the fact that the original debt was a merger in 2006 of a loan from 2003, a credit card and an overdraft held with hsbc make any difference to defending against a ccj application by Cabot? Obviously the default date doesn!!!8217;t.
I have been looking at others forum and they say unenforceability means I should stop paying. But they are clearly wrong because of the CCJ implications0 -
If you have been acknowledging the debt (paying something each month) then I am not sure if it is unenforceable.
You could stop paying and see what happens - see if you can reach a full and final settlement.0 -
For gods sake - actually research what a CCJ is.0
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