Statute barred

mazzamark

Hi all,



I have a bit of a shakey credit history, I dont live in the UK but I possibly intend to return hence my question. I did try and pay off everything from 2010 to 2014 but the interest I was paying wasnt moving the debt and I was paying £550 a month, had really bad advice so I simply gave up and went off the radar. I recently did a credit check and the defaults have dwindled away to one which is below



Account LINK FINANCIAL (BCRD) TypeCredit Card/Store Card Account started 28/06/2008 Current StatusDefault / Ended Credit Limit - Balance £1,485.00 credit in useEntry codeC4 Account Settled 23/07/2014

My question is, can the others reappear with a ccj without a default on my report and am I right in saying my free date from the above one is 23/07/2014?


Any help appreciated.

[Deleted User]

The "others" will be "gone" and no action can be taken against them.

The one you have listed will be on your files until July 2020 and they could also apply for a CCJ before then.

mazzamark

Thank you!

PRAISETHESUN

mazzamark wrote: »

Hi all,



I have a bit of a shakey credit history, I dont live in the UK but I possibly intend to return hence my question. I did try and pay off everything from 2010 to 2014 but the interest I was paying wasnt moving the debt and I was paying £550 a month, had really bad advice so I simply gave up and went off the radar. I recently did a credit check and the defaults have dwindled away to one which is below



Account LINK FINANCIAL (BCRD) TypeCredit Card/Store Card Account started 28/06/2008 Current StatusDefault / Ended Credit Limit - Balance £1,485.00 credit in useEntry codeC4 Account Settled 23/07/2014

My question is, can the others reappear with a ccj without a default on my report and am I right in saying my free date from the above one is 23/07/2014?


Any help appreciated.

Keep in mind that although they no longer appear on your reports, the debt still exists but just cannot be legally enforced. If you were to open an account with the same organisation(s) and deposit money, then they could use that to "set off" against your debt so keep that in mind.

As for the final one, the default will be visible for 6 years as per Gary's post above. Again they lender can always apply for a CCJ up until that point, so keep that in mind. If you're in a stable financial situation, then it might be worthwhile contacting them to arrange a final settlement to prevent that from happening - but keep in mind that doing this will restart the 6 year SB clock since you'd be "acknowledging" the debt