Lowell solicitors

coolchic2010

HI all,
Please help me ,I took a loan in 2007 with Lloyd's Tsb, I was able to pay it back until 2010 l lost my job in 2010. In November 2019 Lowell solicitors sent me a letter that they are sending me to county court, I replied with a letter asking for prove of documentation that l owe and included a #1 postal order.
They replied me yesterday with the document with my signature on, and the statements confirming l last paid in 2010. My question is , do Lowell Solicitors have a right to chase me for a 9 year old debt? is my credit not statutory barred at 9 years old.
Any help would be greatly appreciated
THANK YOU

Gaz83

When did you last acknowledge the debt?

DebtFree20

If you've not made any payments, or acknowledged the debt in 6 years then it becomes statue barred and is unenforceable.

coolchic2010

I last had contact with them in 2011. Never paid anything till date

coolchic2010

Do l need to write them a letter to inform them that this is statue barred ?
Thank you for your help

Gaz83

If you haven't acknowledged or made payment since 2011 then yes, it is statute barred - unless they already started court action for it prior to the six-year rule.

If it is statute barred, however, this doesn't mean the creditor can't chase you for it, though - you still owe the money. It just means the creditor can't use the courts to pursue you for it.

Write back to them saying that as you haven't made a payment or acknowledged the debt in over six years then it is statute barred. That should be enough to get them off your back. If they tried taking you to court they'd be laughed away.

There's a template letter on the Stepchange website you can use - https://www.stepchange.org/Portals/0/documents/info/Statute-Barred-Template-Letter.pdf.

sourcrates

Lowell know its statute barred, but are relying on your lack of knowledge, ignorance etc, of that fact, they will never come out and say that at the outset, as obviously they want their money.

Send the statute barred letter, as soon as you can to avoid them starting a claim, if they do, reliance of section 5 Limitation act is a full defense to their claim.