Finally tackling old debts - advise needed

zeussalmighty

!!! wrote: »

If you don't pay Lloyd's and it gets to a CCJ, if you pay the CCJ in full within 1 month of the judgement date it's removed from your files.

Or, you could take the plunge and contact Lloyds now, and offer a settlement to clear the account down - it will then come off your report 6 years from the default date still.
Note this will count as acknowledging the debt and will reset their 6 year clock internally.

Sorry to but in on this...
What do you mean by 'Note this will count as acknowledging the debt and will reset their 6 year clock internally'

So even if I pay a debt with a default date that's due to expire in 1 month, how would this other internal clock affect me ?

Kind Regards,

[Deleted User]

A debt only becomes statute barred if there is a period of 6 years without acknowledging the debt.

However, if you settle it as part of that acknowledgement, then they would have no need to continue to enforce it.

[Deleted User]

zeussalmighty wrote: »

Sorry to but in on this...
What do you mean by 'Note this will count as acknowledging the debt and will reset their 6 year clock internally'

So even if I pay a debt with a default date that's due to expire in 1 month, how would this other internal clock affect me ?

Kind Regards,

Per ZX81's reply above - however if you make contact to arrange a payment plan that both parties cannot agree on and you decide to not proceed, then you are acknowledging/discussing the debt and therefore resetting the 6 year clock again

Tlibali

Really need to ask this forum and can't find the 'New Thread' button anywhere and there are no tutorials telling you how to get it to appear so please help.

[Deleted User]

Looks like you found it

https://forums.moneysavingexpert.com/discussion/5919020/over-1300-worth-of-debt-and-need-help-heres-my-story

fatbelly

cball93 wrote: »

1. Lloyds TSB overdraft of £1800.
2. Lowell - Orange phone bill of £230.
3. Lowell - E.on bill for £500.
4. Lowell Solicitors - O2 bill for £350.

1. Leave it alone

2.Get ready to try F&F at 50%

3. Keep the correspondence going but get ready to try F&F at 50%

4. I think you're going to have to pay this or respond to a court claim. May be cheapest to just pay this

[Deleted User]

I haven't long gone through a similar situation, I personally snowballed, paid the minimum of say 5 out of 6 of my debts.

But that one debt id pay a large amount off, you'll
Be surprised how fast the debts will drop and get lower and lower each month.

I was contacting the debtors every month to find my existing balances, and going from there.

If you want to direct message me feel free to.

cball93

*Update*

Thanks for all your replies theyve been very helpful

So i sent a prove it letter for the orange debt of £230 and they responded that they couldnt provide copy statements of the account. To resolve the matter theyve decided to close the account and clear any outstanding balance.

Win!! They're also removing the default from my credit file within 6 weeks. Really happy with the outcome on this.

Now for the E.on debt, i responded advising i vacated the property in May 2013 and settled with E.on at that time (on the bill from E.on they provided it states last payment made in May 2013. Therefor im not liable for the debt. Theyve sent me a letter stating...

"We understand that you left in May 2013. You have also advised that you settled the account prior to leaving. In order for us to investigate this further, we will require proof that the account was settled prior to you leaving. This can be in the form of a letter from E.on.

Without proof, we would be unable to investigate this further and you will be held liable for the period you were at the address"

I think it unreasonable for them to expect me to hold paperwork from 5 years ago and surely the burden of proof lies on them to prove i'm liable? Im still going to dispute this as i dont think what theyve provided me with from E.on is sufficient enough. All it is is a final bill, it doesnt show usage or anything. Has anyone any thoughts on what my response should be?

O2 debt with Lowell Solicitors. So i got a letter of claim and responded with a prove it letter. They wrote back to me on the 7 November advising they have submitted requests and the account will remain on hold until such time. Fingers crossed they can't locate these either. But do you think because its gone to Lowell solicitors the likelihood is that theyve got them?

Thanks in advance
C

[Deleted User]

Do you actually owe these debts or are you looking for ways to get out of paying them?

cball93

Hi Gary,

First line of my initial post - After years of ignoring letters and burying my head in the sand, i'm finally in a position to tackle my old debts. I would appreciate your advice on how to proceed, i do have quite a few old debts so please bare with me! In all honesty, i would prefer to pay back the least amount possible (or not at all), but i am open to full and final settlements.

C