Confusion

Tabithatess

Halifax account shows as "satisfied" on credit check, last updated 2013, recently contacted by Moorcroft who are sending a chap tomorrow to help put me in touch with their people with regards to this debt. I have no idea what to do about it and am starting to panic. Anyone have any advice?

[Deleted User]

Don’t answer the door for a start.

Do you owe money on that account?

Tabithatess

It was a mortgage account, relationship broke down, I left, he moved in with gf and stopped paying mortgage so house was repossessed with huge negative equity, Halifax passed it to shoosmiths, I sent in income/expenditure and as I was on benefits and had 4 small kids when I didn't hear any more I thought it was settled. Joined clear score in Jan this year and see it's satisfied, on closer inspection last payment was Oct 2012, account closed in Dec 2012. So yes, I'm liable, not in a position to pay then or now though.

DCFC79

Either don't answer the door (maybe remove the batteries from the doorbell if you want) or make sure you out all day.


Maybe they are chancing they're luck.

Tabithatess

I think being out all day is going to be my best option. How do I stop them from coming back?

welly_59

I don't think the 6 year rule applies to mortgage debts but I could be wrong. Was your name on the mortgage when it was repossessed?

The best you could probably hope for is that they only collar you for half the negative equity

Tabithatess

Yes it was a joint mortgage. Ok, thanks.

[Deleted User]

Here is information on mortgages becoming “statute barred”:

https://www.nationaldebtline.org/EW/factsheets/Pages/mortgage-shortfalls/mortgage-debt.aspx

Interest is 6 years and capital is 12 years

Tabithatess

Ok, assuming it was a capital debt and it's not statute barred at which point would they start court proceedings and can moorcroft start the ball rolling or is it halifax?

[Deleted User]

Moorcroft will handle it all.

They have to serve you notice of intent first before it goes to court

PRAISETHESUN

From what you've said, it looks like Halifax have sold the debt to a third party so I suspect that they will not be involved in the process anymore. Sending people around to your house is most likely just an intimidation tactic to pressure you into a deal that isn't in your best interest. If you are at home when they come around, make it explicitly clear that they are not allowed into your house and if necessary lock the door and have all conversations outside - make sure not to sign or verbally agree to anything. They will most likely take things to court as you are indeed still liable for the debt, but the court can only force you to make repayments that are reasonable to your circumstances